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Because coronavirus is going away.. Everything will back to normal, glove price will normalized, alot new glove players increase competition, China company also join in to make gloves, China will surpass top glove to be number 1, glove counter will go back to pre-pandemic, buy 1 day lose 10 days, because overpriced, price war coming, trading at higher than NTA..
The question is boss dunno? If he know why buy at this point of time? Foreign fund dunno? Epf analyst is stupid? And also fund analyst tat call buy very bodoh?
Yeah right over supply bla bla bla China come in but remember one thing did They announce the company is taking order until FY 2H 2022 ? What it meant ? It mean the production is full until next year 2022 so why do you guys panic ? You shot this counter a lot ? You only panic when it comes end first quarter 2022 and see if the situation worsen now still first q 2021 ? You still have 1 year solid dividend and price solid at 5 why worried if you’re solid investor ? Just slow2 collect your dividend and sell when the price is high. If you sell now the one win is IB’ hold them if you’ve capability by then you earn dividend and sell high also you can take revenge on those RSS player who shot the stock.