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Frankly speaking fundamentally glove is still over value from its book value. However base on current situation and economic outlook, glove is still an important essencial ind. I also just start slowly enter glove sector past 2 weeks. Now facing some losses, i hv much bullet continue buy if it drop significant.
和氣生財. Supermax strong support shld b ard 6, dun think can drop until 5. Based on existing shareholder fund/equity is 2.2 B, let say coming 3 Quater earning 1B each quater, pricing now shld b fair value from its book value. Bear in mind supermax hold more than 2B cash in hand(incld adv pymt from buyer), from net borrowing become to new cash group
Fundamental pricing now is fair value, shld b hv value investor and retailer enter buy if drop ard 6. Just tahan few more days, next week all glove shld b rebound from bottom. Hv reason behind why glove all drop significantly recently
Daniel no need worry. I hv analys glove all this while, few years alrd. No doubt glove is over value but i think now shld b can speculate, i started enter past 2 weeks, slowly accumulate glove counter. Lucky slowly wil small vol,but leg alrd start soft
Haha
Nicholas, what is yr 倉位? How much alrd invest and how much losses now? If not much then slowly accumulate. If alrd too heavy then better hold and wait signal
Jensen no worry. I hv analys glove all this while fair value is ard 7 based on 3 coming quater more than 1 Bil net profit. With conservative 3 quater shareholder fund/ book value will increase significantly. So 7 is my conservative calculation