$Top Glove (BVA.SG)$$Medtecs Intl (546.SG)$$UGHealthcare (8K...
$Top Glove(BVA.SG$ $Medtecs Intl(546.SG$ $UGHealthcare(8K7.SG$ $Riverstone(AP4.SG$ $Aspen(1F3.SG$
Glove counters were heavily traded on Bursa Malaysia these few days on rotational play and also on the speech by the Margma president. The prices exceeded their tp. SGX-listed glove counters may get the same lift.
https://www.theedgemarkets.com/article/glove-counters-heavily-traded-tuesday-morning-rotational-play
https://www.theedgemarkets.com/article/glove-stocks-back-investors-radar-rotational-play
He said glove supply-demand equilibrium is expected within 6 to 9 months. Since the market is forward looking by 6-9 months, then prices of glove counters may have bottomed. The prices have given up almost all its gains in 2020 and the market may have fully priced in the anticipated downside risk for gloves including acute oversupply and margin compression due to the falling average selling prices (ASPs). But don't expect the prices to return to the heady days of late 2020.
https://www.theedgemarkets.com/article/glove-supplydemand-equilibrium-six-nine-months-says-margma-president
Glove counters were heavily traded on Bursa Malaysia these few days on rotational play and also on the speech by the Margma president. The prices exceeded their tp. SGX-listed glove counters may get the same lift.
https://www.theedgemarkets.com/article/glove-counters-heavily-traded-tuesday-morning-rotational-play
https://www.theedgemarkets.com/article/glove-stocks-back-investors-radar-rotational-play
He said glove supply-demand equilibrium is expected within 6 to 9 months. Since the market is forward looking by 6-9 months, then prices of glove counters may have bottomed. The prices have given up almost all its gains in 2020 and the market may have fully priced in the anticipated downside risk for gloves including acute oversupply and margin compression due to the falling average selling prices (ASPs). But don't expect the prices to return to the heady days of late 2020.
https://www.theedgemarkets.com/article/glove-supplydemand-equilibrium-six-nine-months-says-margma-president
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
6679Followers
57Following
24KVisitors
Follow
Dons hobby : Thanks Bull very very informative I appreciate you my friend
bullrider_21OP Dons hobby: np my friend.
bullrider_21OP : I think Aspen is the next glove stock after Medtecs to have the most upside. It may rise to around 0.061, near to MA200.
LEng LEng : Thanks for sharing
bullrider_21OP LEng LEng: np. We need to do macroeconomic research too. Find out what's happening in the industry. Let's make money together!
LEng LEng bullrider_21OP: Agreed. Thanks for your great info and technical analysis always! Lets HUAT together
丰衣足食 : Samuderashipp 0.80 buy
bullrider_21OP LEng LEng: Thanks for your kind comments. Huat ah!
丰衣足食 : Samuderashipp 0.81 best buy
bullrider_21OP 丰衣足食: Rising today.
View more comments...