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paisei ..dont know how to cut and paste le..today" s report...
Sunrahelios ( Date: 13-May-2020 13:18) Posted:
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Do you have the source of revised TP by uob?
After lunch break
Update on 3 SGX glove companies..Top Glove up 15%
Riverstone up 14.2%
UG 9.2%
DYODD. Cheers
slowly moving towards the DBS 2.2 target..i need to add later..hope can get at better price
Contratrader ( Date: 13-May-2020 13:03) Posted:
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nicely done, patience rewarded, I exited couple of days earlier..still happy for all.
newbie888 ( Date: 13-May-2020 12:07) Posted:
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uob tgt 2.15 ( from 1.46)
Sunrahelios ( Date: 12-May-2020 20:12) Posted:
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Yes agree.. But reach my target already so its enough for me.. All the best to all who are still in it.. Cheers and stay safe!
JY0064 ( Date: 13-May-2020 10:17) Posted:
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UG still very cheap at 035 with more orders coming in, as COVID19 gloves demand super high.
Longtermer ( Date: 13-May-2020 11:03) Posted:
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Just update on 3 SGX glove companies..
Top Glove up 13.5%
Riverstone up 10.5%
UG 7.7%
RS and UG trading at much lower PE than Bursa listed Glove Companies.
More room to move up to match Malaysia peers. DYODD
The best is yet to be.
newbie888 ( Date: 13-May-2020 10:15) Posted:
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I'm exiting alre.. Enough for me..
drifter198 ( Date: 13-May-2020 09:52) Posted:
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Looking to enter on retracement...what entry points are u guys looking at?
Bro, Strong Double Tailwind. 一 路 顶 风 。 vested
Sunrahelios ( Date: 12-May-2020 21:55) Posted:
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Yes yes bro. I think all medical shares will rub off one another, it is not a zero sum game. If riverstone one day rally alot, this will spillover to medical pennies. Today river carried medtecs. for them we are grateful haha,. And yes all depends on risk appetite.
Sunrahelios ( Date: 12-May-2020 22:09) Posted:
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Yo bro, thanks for the correction. It was factually 0.193 instead of 0.198 per my post. I have no intention to put med tech or UG Gloves down. Just highlighting one needs to be able to stomach risk, if were to head into penny stocks. High returns, but potentially the latter, for the SHORT term. This is factual.
In the longer mid term view, will definitely view all medical ppe consumables stocks value to be on the rise riding this wave, huat together!
In the longer mid term view, will definitely view all medical ppe consumables stocks value to be on the rise riding this wave, huat together!
Bro you said: " Med Tech forums, this just recently happened on Friday (buy till 0.198 then massive sell down to 0.1610) within 10 mins. Can win big but also lose big (short term perspective). Are there other comparable choices?"
For your info, it is Friday buy to 0.193 NOT 0.198. In fact today, T+2 only already touch back 0.193 so assume u bought 0.193, NO Loss except comms. Also usually it is t+5 then pay or contra so u still got 3 days. Anyway, I also hope Riverstone go up, can carry other medical shares. So cheers to Riverstone!
For your info, it is Friday buy to 0.193 NOT 0.198. In fact today, T+2 only already touch back 0.193 so assume u bought 0.193, NO Loss except comms. Also usually it is t+5 then pay or contra so u still got 3 days. Anyway, I also hope Riverstone go up, can carry other medical shares. So cheers to Riverstone!
Sunrahelios ( Date: 12-May-2020 21:55) Posted:
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Reorganizing my prior post:
Why i am holding on to this stock?
Macroeconomics situation:
1. Double headwind (demand + lower cost), demand surge due to current covid situation, riverstone facing shortage in supplies due to production cap (order already FILLED till end of year), expanded capacity to ready by q4 to cope with demand
2. Oil prices crash leading to lower raw materials boosting gross margins
3. US is handling covid poorly, 2nd outbreak highly likely (US opening states despites no sustain drop in infection rates), hence this will sustain demand. Just take a quick search on the current US news and you will know what i mean. This contagious virus if not fully contain, can easily cause a outbreak again. (experts estimate 18 to 24 months recovery). Even Fauci is now under close quarantine, where Trump and VP has exposure though " tested negative" . Are other areas liike UK, India getting any better? Why did MCO in Msia extend? is this virus easily containable? one wu han outbreak led till pandemic. Yet there are people who rather go work than sustain continued no income, even at this dangerous juncture.
Valuation:
1. Detailed analyst target price, DBS 2.2, CIMB 1.86, UOB 1.46, average: 1.84
2. " Quoted PE unjustifiable against peers" by DBS, do you think still got room for upside?
SGX signals:
1. Medical wave uprising signals since past week, see Med Tec, UG Gloves, Clearbridge, now Riverstone Top Glove why? people clearly see the strength of the headwind and power of covid subsequent to recent Q1 results.
2. Two weeks ago, Semi Cond wave, top growth stock AEM, shot to 2.5 then 3+, but now declining. (trading shooting star (downwards trend signal) formed on 11th Nov), today going downwards trend as expected, will semi cond still have room to invest?
Market competitors:
Top Glove, at double PE of RS, Med Tech and UG Glove both penny stocks subjected to BB plays (fake buy fake sell), see Med Tech forums, this just recently happened on Friday (buy till 0.198 then massive sell down to 0.1610) within 10 mins. Can win big but also lose big (short term perspective). Are there other comparable choices?
Management:
Management has been consistently buying in, majority share holdings by CEO, this means management interest is aligned with company, agency theory. Even AEM CEO is selling away his shares at this juncture.
Strategy:
For myself, I view this as a piggy bank in times of high uncertainty, making free cash to work than sit in bank, and there is not as much risk holding it as compared to other non defensive plays (can sleep at night even if 2nd wave comes), also not like there are many other better choice to look into. If situation improves, got other potentials, can just short and switch, but i am viewing this stock for the mid term at least.
DYOD
Good closing, very likely tomorrow heading to more higher level.
Sunrahelios ( Date: 12-May-2020 20:12) Posted:
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Dbs target price 2.2, Cimb bank target price 1.86