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<My 2 cents> Kindly ignore if you think I'm bullshitting haha~
Let's recall from start of pandemic until now (even when vaccination rollout last year), IB in the majority is "buy call" on gloves and maintain "overweight" in the glove segment. <Why?> If by looking at share price now, everyone should know they're disposing their shares/RSS after "buy call" analyst report is published in social media. <Confirm?> You may find any analyst report and backdate the share price movement few days, it will up a bit then drop, they're the market maker, no matter is it local or foreign IB.
<Now>Almost all latest IB changed to "sell call" or "underweight" in the glove segment. Either IB didn't have stake in gloves or they're starting accumulating, which one do you think has a greater probability? <Technical Analysis> It is showing a clear divergence (RSI & MACD) which means accumulating is in progress. May refer Carepls also.
Undoubtedly, too many different aspects need to be taken into account when buying gloves shares, but one thing for sure will never change, money market is always ruled by IB/fund institutions, but who will write comments & what's their motive behind?
Very good comment. If you are ib followers,you will never make money in share market. An investor need to buy before IB buying and then sell to IB later. Then only investor will make money.
beaten down stocks u dont buy, go to buy genetec type stock? genetec ev thingy so what? after up then tell the whole world is doing ev. u dare to buy they dare to release to u
correction: influenza doesnt affect glove, because if a person is infected with influenza, he/she only needs to rest at home. depending on person too, doctor prescripted pill may not help....
mask is dead for sure. i use a mask/week. not to say i kiamsiap. holland even doesnt k if u wear or no wear mask at museum, hotel (only public transportation needs to wear mask)
My 2 cents, asp may not drop back to pre-covid but margin maybe worse than pre-covid for this 1-2 years in order for existing player to squeeze out new player so glove need longer time to rebound
Jyh is not happening in Kossan qr result. I get your point but even during FMCO or whatever, some market share shift to China also, Kossan margin just drop slightly due to sales order can't be fullfill because of FMCO. So although revenue & net profit drop (FMCO), but margin not drop faster than expected.
For Supermax, I believe current qr margin confirm will squeeze due to additional cost for CBP issues.
but last year during 恐慌疫情period, western people went out with glove wearing (in fear of touching the virus strain)... this drove the price sky high. i knew this year only
Undeniable fact that only Covid cases surged will help Supermax (notably) to fill the gap due to CBP issues (can refer Top Glove in start of Apr'21 announcement, exactly the same with Supermax.
But, there is a major difference of divergence (technical analysis) between now and Mar-Apr'21. In Mar-Apr'21, not only share price is technically divergence with RSI & Macd, but also share price is divergence with global covid cases.
Uncertainty puts Gloves stock under oversold position. Now windfall/prosperous tax is crystal clear, just waiting for ASP to stabilize then gloves stocks will up back.