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Recover profit from school commencement which is huge proportion from the co’s revenue. Construction on hydroplant is going well too. The potential profit is very high. Nonetheless, the engagement of co in solar sector is good too. Happy trading :)
Based on the chart, we can see that JHM has been retracing from previous top for consecutive 4 days. 5 if include today (10 Feb). The price is now on the support area (white rectangle) which is previous peak and has been tested before on 25 Jan after the breakthrough. So, it should be a valid support level. Besides, the price is also sitting on the EMA line which is also a supportive indicator. JHM should be healthy as long as the higher high higher low market structure is not broken. One thing to mention, JHM 4th QR is coming soon. So beware of that.
That's all for my analysis. Feel free to point out anything I missed out and correct me if I'm wrong. Have a good day and Happy CNY. Gong Xi Fa Cai !
Conclusion : Good Qr.
Advise to those who intend to chase due to the good qr, please think wisely and check back what happened during previous Qr released on gloves related counter. If you have high tolerance on loss and know well what you are doing, go ahead. If not, please stay caution.
Please do note that this is merely an ADVISE and no buying or selling recommendation provided. Trade at your own risk. Cheers.
Next QR will be fantastic is for sure. But, PAT around 1bil will be too over. Although Supermax OBM model is beneficial during current period, it will still have a limit. Please be note that Topglov which is the biggest glove manufacturer only obtain 1.3b. It is near to impossible Supermx can come close to 1.3b. As the others just said, please be responsible for what you said as you might affect others' decision. As for all the investors, please make decision on your own and DO NOT be affected by any unproven news or rumours. Have a nice day.