QUOTE(1282009 @ Sep 26 2021, 01:07 PM)
Any advice to those who bought this share at rm6 or rm7? The only way I can think of is buy low to breakeven? Question is when is the right moment as price is getting lower and lower. It bounced back once a while but dropping again..
TOP GLOVE PRICE is 2.75 right now, or 3x2.75 = RM8.25 pre-covid price (before bonus issue)you need to consider the few factors:
1. overcapacity of gloves in the market
2. price war among other producers
3. political interference
4. market sentiment
5. company cash reserves to withstand the first 2 above
They have been giving and giving massive and generous dividends and at the same time, their share buy back has causes few hundred million dollars of paper loss
They will come back, but nobody knows when...
This post has been edited by squarepilot: Sep 26 2021, 05:24 PM
Sep 26 2021, 05:12 PM

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