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Cheaper price if we see potential, can buy in. Liquidation by bosses is a norm. Perhaps the bosses needed funds for the new factory opening.
Depends on individual perception though.
But funny thing is that the vaccine is not yet 100% cure the global population but stocks already taking the effect.
Just investors pull out their investment to invest at other rising stocks.
I still holding here and I think sooner or later when the vaccine start distribute and backfired with side effects, then glove may start to surge again.
You can refer to the Company announcement on 6 Oct 2020 - Notice of bonus entitlement.
The bonus issue will be credited into eligible CDS accountholders’ account on the night of 20 Oct 2020 being the book closing date.
Hope this information helps.
Yea Kikat. Certain investors just create baseless panic selling with possible own agenda to self collect at cheaper tickets or maybe with other motives. We shall observe and evaluate ourselves whether to buy/sell with solid fundamentals.
Llm Sc, further to your comment, why would you want to create panic selling ya? I notice today all glove stocks have some correction and its normal after 2 days surge.
Hi Yew Cho,
For current glove announcement wouldn’t impact much as if people are to invest in glove counters, they would go for the top 4 or the other 3 smaller glove counters.
For this counter, it is meant to hold long term and waiting for the announcement of more upcoming mega projects that would contribute to increase the group’s revenue.
But looking at the recent few huge players acquisitions in the company, there should be something on in long term.
So I would just keep and leave it for long term.
Just my 2 cents opinion.
