When lctitan released their qtr report, I was thinking whether was there a group of dipbuyers who already fished the bottom at around 1.5 the day before and my oh my, what a day.

This post has been edited by billy_overheat: May 1 2020, 09:15 AM

... the above quotes are just for references .. posted on another thread.

So an emerging fund bought.... the share rallies...



nice eh?

now after a couple of months absence ... here comes the conversion of shares.... again.....

https://malaysiastock.biz/Company-Announcem...aspx?id=1225848



same old same old ..... as the stock gathers some 'momentum'.... tons and tons of PA shares are converted ....

Hahaha.... firstly, I apologise for answering you here. I post it here cause I can find what I had posted b4 much easier.

The following is what one probably should have done.... a few months back, before this 19 became a full blown pandemic, the obvious question or logical one is should one whack on the glove sector? or related sector such as medical supplies etc etc....

For reference ... we have the SARS outbreak ... which happened during 2002-2004.... so the homework has to be done on the leader of the pack, TOPG.

in 2001, it was reporting a total net profit of 17 million. The year when the outbreak started, its net profit grew to 20 million and then 25 million the next year, then explolded to 39 million... and by 2006, with sales reaching almost a billion, its profits grew to 78 million. (numbers were taken from Bursa website and it was from the quarterlies (too lazy to click on annual) ...

so in terms of profits, SARS did had a really positive impact on TOPG.

** ok.. the argument is ... of course .... those were days when TOPG is in its infant stage. It was a baby company then. TOPG now have sales of over 1.2 billion per quarter. Yup, that's how much it has grown. So obviously there will be a BIG DANGER if one blindly assumes that TOPG profit will experience as an explosive growth as during the SARS era.

** 19 is different. It's worldwide and is there any impact on TOPG workforce and any raw material supply concern?



And next, of course, we need to have an indicator or picture of how TOPG fared during those SARS period....



Multibagger!!! A big one....



Well ..... this is what I would have done ......

Oh well... I sold TG at 5.8. It does stings a little seeing it at 10x. Maybe if i saw this piece earlier i would have hold it a bit longer, stretch the returns more.

But still, i stand by my analysis that valuation is too rich. Even if it manages to double its profit, the PE would still be 30+. And i doubt at its size and its output capacity it can double its profit that easily like during the SARS period. Also, this is an anomaly, when the pandemic is over, who will be left holding all theses highly valued glove counters when demand return to normal ?

Anyway the market liked the covid19 story and feel that manufacturing is limitless with no constraint. So i guess sometime it defy logic.

I agree with you that it all looks way too optimistic right now.

QR is rolling in for glove counters. Those that have some common sense would have clear their position.

But this market... It could possibly go up tomorrow. Never underestimate retail participants.

Wow you must be sifu super rich . Sting a little only when missed out on rm5 per share. Me missed out on 1sen also pain so newbie many things to learn

The coming reporting quarter is for the period Jan to end Mar. So the boom will depends on when the orders actually starts picking up...

No lose money is a win . Anyway i am small ikan bilis will little share only so i say like that. The sifu super rich one with few millions lots RM5 is def alot.

Anyway i keep TG for very long for this kind of opportunity, but never though market so optimistic about it until 10x.

Overall still a very good company with good boss, but valuation too high

Yes this is true. But the same for material cost as well, with increase demand input cost will go up.

Also i don't like how so many producers are planning to increase production lines / capacity in tandem.

This definitely won't end well, like O&G during their peak. When things normalized, there will be so many supply flooding the market, and new production keep getting online putting more pressure on the selling price as well.

But if one is fast and nimble, they can still trade glove counters i guess.

glove counter surge is due to they increase the selling price and then now order is wayyyyyy too much that they had to charge upfront payment partially for order to be deliver 6 months later, and then the fuel they use is cheaper now due to low oil price.

Nice!! Some great points for and against.

Understanding the risks and rewards in one trade is very important. Always ask is there enough meat (reward) to justify the position....

some few sen from a trading perspective.... (nothing to do with rubber glove sector)

1. fast and nimble .... i know, i know... many would not agree... but from my side, my preference is trade fewer (preferly one or two stock) and trade it on a longer time frame....

Time ... actually helps a whole lot ... if one buys correctly (there's the saying... buying correctly solves most of the other problems... such as when to sell ..) so if I had decided to to be in an early phase of a trade ... then .... I would do nothing but sit on the trade. Sitting and doing nothing when your position is correct is how one builds to be successful...

fast and nimble.... this always, always leads one to making many more trades.... is simple. when one is fast and nimble the profits per trade tends to be razor thin....and using the law of averages, all it takes is one bad move to wipe out all the fast and nimble trade winnings...

just saying only. as you know, each of us have different abilities...and if you have been doing this profitably for a long time, do stick to what suits u best. just offering you a 3rd opinion....

2. when euphoria strikes.... a stock can usually trade at much crazy valuation than we expect....

i see that teoseng posting lesser revenue and profit in yesterday qr. so today drop from 1.13 to 98 cents seems a good buy now?

lesser revenue and lesser profit .... doesn't this mean company is making lesser profit wo....

why would you want?

Stock market is just so volitile now, where to find opportunities, when the market full of punters! haha

. I'm slow and risk adverse. I also believe in entry price and minimizing decisions as much as possible . Below is my tg trade, it may be very far from the maximum return but i secured my profit and sleep peacefully. I don't like to chase high, it make the possible losses even more depressing.

Some wise word as usual.

But THIS also happens everytime :

hi

is there any site i can refer for me to track when company plan date to release their quarterly earning report?

thanks