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10461-10480 of 10564
any thoughts about this counter? seems to have retreated quite a fair bit from its peak, strong fundamentals and good growth from the increase in production capacity. company has no debt, margin of safety play?
good show! collected from panic sellers yesterday at 99cents
there was an announcement this evening about the bonus shares being listed for trade on Wed, 3 Feb. not sure if the selling pressure will further escalate then...one of the key support levels of $1.05 was breached quite easily, next support is down at $0.90.
jpower2015 ( Date: 31-Jan-2016 07:07) Posted:
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anyone know when that bonus issue will be credited?
Wait for ppl panic selling and want to collect more
shortists targeting this counter
Gone liao.
More selling to come.
Was never worried about the financial health of the company. Invested for the long term before share split and happy to collect dividends.
don' t think it has anything to do with the bonus shares. all the Malaysian glove manufacturing peers also got hit over the last two days largely due to rebound of Malaysian Ringgit against USD as the glove manufacturers have benefited from the strengthening USD over the last few quarters. guess it is healthy (albeit at a much quicker pace) correction for any company and industry.
This one behave like Silverlake... after bonus issue kenna whacked down...
jpower2015 ( Date: 29-Jan-2016 10:09) Posted:
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bonus issue havent credited into CDP account but the share price already drop like shit
StarsHav3n ( Date: 27-Jan-2016 02:42) Posted:
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The shares will be credited on 3rd feb 2016. Share split is a norm for such companies. Their peers in msia are also doing the same.
wonder when will the bonus share credited to our CDP account?
from SGX website, ex-date=21Jan. Record date=25 Jan only.
Check my CDP acct, but don' t see shares amount double :-(
thanks...
Bonus issue of 1 for 1 today.
Company increasing liquidity for this stock.
bishan22 ( Date: 21-Jan-2016 12:20) Posted:
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XE!
What happen? Down so much...
I just think, somehow, these Malaysian coys got more hong for whatever reason.
Based on future earnings model, its already priced-in in current price
Unless future earnings continue to wow, even stagnation of earnings would warrant a drop in price.
Consider averaging up short bit by bit
overall, the glove manufacturing sector continues to perform well. its other listed peers such as Top Glove, Hartalega, Kossan are all trading at similar if not higher valuations as it is supported by growing earnings from expansion. the other macro factors include the continued weakening of ringgit vs USD and persistently low raw material prices (as butadiene is a by-product of crude oil).
yes, I do think that upside is relatively less compared to upside from current valuations but when the market is deprived of better trading/investment ideas, they tend to go with solid counters. just my humble opinion.
Qanghoo ( Date: 07-Jan-2016 07:20) Posted:
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This stock looks strong. It ,maybe trending up and break a new high over 2.6
Seems they quite often re-rate when mkt is already skyhigh n are playing catchup. Problem is, if my memory still functions at this age, whenever they do this, px seem to retreat. I seem to recall Ezion n Valuetronics as two examples of similar late re-rating that never materialised. So, do temper optimism with caution.
n3wbie ( Date: 07-Jan-2016 00:12) Posted:
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