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U go & see Tenaga, since last month, EPF buy 1m then sell 200k, repeat and repeat, when share price up, they dump it down, they do this to buy more cheap stock
Some time the warrant issued by IB also kacau, these funds won't let IB lose money bcs of warrant, since they bought many IB shares, IB lose money then no dividend for them, so they always same opinion with IB
I'm more bullish on TG my personal TP for fair value at 11.8 (solely on gloves only, excluding future revenue from other ventures), part of TP attribute to Great Management, competitive advantage in sales network, lower cost of expansion, award wining company, and owns the most intellectual properties..
See, now 5.29 & 5.30 like gangster fight, more ah beng is joining, see which side more people which side win. Going down / up road block will open soon. Hahahahahaha
1. Production ≠ demand
2. Supply is increasing, demand is decreasing, balance is changing by the time.
3. Expansion/ development non linear with market demand with cause production not efficient / optimum
4. The smaller reward of this big risk, why not market choose larger reward of smaller risk. (if really happen like what u said)
Depends glove 2022 maybe will drop (maybe only cause now no proof that vaccine is effectively reduce virus infection) but after that the consumption rate will still increase due to more hygiene requirement to prevent second virus breakout in future thus i feel tat tg as a leader in the market have more advantages than others player. Different people may have different view but we cannot deny tat glove use rate almost impossible drop back to pre-covid level in this 5 years
Percapita glove usage out of US can still grow (still quite low), scientific research in healthcare will increase after pandemic, demand will not be the same pre pandemic, TG capacity expansion all planned properly, not slapping itself blindly expand without research
