May 18 2020, 07:01 PM
QUOTE(ChAOoz @ May 14 2020, 10:20 AM)
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.
Wow you must be sifu super rich 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.
. Sting a little only when missed out on rm5 per share. Me missed out on 1sen also pain so newbie many things to learn
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