ChAOoz not buying?

only thing that's difference is no snap election.

and this is an outright 'fight' against c19.

not too bad, what.

Strength in a weak market ....

I am aware.

Would you buy at 4?

then.... would you have added MI?

Frt go up but MI no go.... how can? 

See? Now MI picked up steam... Frtken, Elsoft & MI ..... err ... same gang ah?
come ChAO .... come .... come to the dark side..... expand your horizon .... 

it's calling you ..... 

Err... Remember when it broke that down trend and hit a high of 4.20?
Since then, as mentioned, most of the time, the stock would consolidate first. Which has been doing.
Now? It is picked up it's feet....
it's moving...
and chances are that it should retest that 4.20 and possible move higher...

now if you believe in averaging up ...
now? might be a good chance ... to top up.

Simpler reason  to average up now.
1. you reasoned the stock was too good to be in the earlier down trend. So you buy on the breakout... around 3.80 (correct?)

2. you don't expect the stock trend to reverse in a straight line.... so you expect a pullback from 4.20. (correct?)

3. now the stock had pullback. consolidated it's position. you expect the stock back up. (correct?)

so considering 1, 2 and 3 ... isn't this a perfect position to add up?


come .... come.... think as a trader ..... 

zat what I told ChAOoz 
but he was resisting to top up.....

shit... my salesmanship tak boleh pakai 

Missed?

Aiyoh... After all my sales pitch at ChAOoz .... sad...

Lucky I don't sell no snake oil

oh... yesterday news... after my position is cut at 6.60.

https://www.theedgemarkets.com/article/glov...ng-vaccinations

this section below:
“Malaysian glove producers’ aggregate market capitalisation is 86% correlated to the US daily new testing data. The high 90% correlation was due to higher hospitalisation rate, driven by more testing, which in turn leads to higher demand for medical supplies and glove,” the bank commented.

The anticipated slower demand, JP Morgan said, implies limited upside to the average selling prices of the rubber glove.

In an earlier research note dated Jan 6, JP Morgan said it expects glove prices to reach a peak by the first half of 2021, with prices and profits to normalise thereafter.

The bank had compiled data of 18 countries, representing 17% of the world population, and found that besides India, Canada, Russia and the UK, the remaining countries it tracked are seeing a slow down in testing.

This limits the upside to glove prices, said JP Morgan, as “the more one tests, the more cases will be discovered which leads to hospitalisation and the need for medical supplies and gloves... Surges in testing created shortages which changed glove pricing from negotiated basis to spot”.

At the time, the average selling price stood at US$140 versus US$22 pre-Covid-19, which the bank said was driven by unsystematic buying.

Secured revenue growth is unsecured
Investors argue that the revenue growth is secured as most glove producers claim to have two or more years of order backlog, but JP Morgan begs to differ.

"It is crucial to understand order backlog and secured revenue. Orders are merely an agreement to buy a certain volume with prices determined or undecided. Buyers can walk away from it,” it wrote, noting that secured revenue is when customers have paid fully or partially for future delivery.

"As shown in Top Glove's quarterly results, we have indeed seen a sharp spike in deposits collected, from RM60 million a year ago to the latest quarter’s RM1 billion.

"However, the deposit paid is merely 4.7% of projected revenue for the financial year ending Aug 31, 2021 (FY21). It is not even equal to a month’s worth of glove sales," said JP Morgan.

JP Morgan maintained “underweight” calls on Top Glove Corp Bhd with target price (TP) at RM3.50, Hartalega Holdings Bhd (TP: RM8.50) and Kossan Rubber Industries Bhd (TP: RM3.80).

However, it cautions that the risks to the calls on the three glove producers include a second global wave of Covid-19 which could lift glove prices to new heights, unscheduled capacity shutdowns, a significant fall in input costs such as nitrile and natural rubber, a significant step-up in dividend payouts as well as a substantial degree of ringgit depreciation.

Sacred Cow.

I want milk milk



Biggest holder  :confused:

Sometimes need to identify the right dragon.
Summoning ChAOoz.

Got a question for you, hopefully I guessed right.
There is this company I had on my secondary watchlist that I was interested in but yet to do the homework on. Today it started moving.
Are you familiar with Scientex? If you are, what are your thoughts on it?

Btw i entered scientex already, long term position. Actually this counter quite illiquid it seemed, really unpopular. Below is a summarized reasons of why i went in. No TA done at all for this   

I think their industry are the real deal. Not the most sexy like tech but also not a one time bumper earnings year like glove. The trend seemed sustainable:

https://www.researchandmarkets.com/reports/...ackaging-market
https://www.businesswire.com/news/home/2020...hAndMarkets.com

Also their affordable housing going hand in hand with government initiatives. The real housing demand for Malaysia is from b40 and m40 but most keep building for the T20. So i think scientex property sector also more or less covered for the next 5 years.

https://www.edgeprop.my/content/1734549/gov...hip-b40-and-m40
https://press.sunway.edu.my/blog/housing-af...-and-b40-groups

Not the most sexy counter, but i feel this one could be another undiscovered gem, just gotta wait it out but seemed solid.

       

I just glanced its qr.... err.... manufacturing of course is doing good but I do notice that the property segment is getting as big (if not bigger) as it's manufacturing division.

Not worried that it will morph into a MahSing version 2?

Never say never.

Rational is simple... if the Sector A is making so much more money than Section B .... the logical thing is to focus more on Sector A.
think about it.

Oh of course I understand your reasoning.  It's more of a 'me thingy' since I am very selective in the stocks I play.

Eh? Me no like QL.... I see them not so high .

it's copying business concept from Unker Buffy style... acquire this business, acquire that, and acquire, acquire, acquire..... I sked.

Oh I found this post...post #317
the pictures..... 

Yes, actually it quite well known (at least in JB area, i guess) for their "bad quality" (Maybe this is the reason why their property segment has high profit margin, using cheap material)
So if they're keep like this, it's may affect their future property segment 

ChAOoz

I cannot be ungrateful but TQ for this.
you know ... only regret is not knowing about this earlier.

Yes, the stock was declining after its poor QR number last Feb but if I had known this stock and read the QR, this would have been one that I would have bought on weakness.

The bigger picture, for me, was that the stock was actually trending strongly after IPO. Then Feb QR happened, which by itself was perhaps an opportunity to buy on weakness. The March correction created a much bigger weakness.... this should have been ideal for me.

what to do .... not meant to be then.......

but yea.... TQ.