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IB to infuse fear to ask Malaysia to sell so that it can hits their short target price.
If I am one of his HK potential investor, I will ask the below question, just like when u buy a house you will check the selling price around the place. What is the PE for similar company listed in HK / Shen Chen? Then he will find intco medical.
Dont talk about forward PE, Or future ASP. Just take marker value of the other glove company as future value of ASP already reflected in the share price.
Take TTM PE(trailing Twelve Month PE ) , in this coming qr TG will release report on 9/3 . then the TTM PE of TG will drop to single digit could be 5-7 . and current TTM PE for intco medical listing in shenzen exchange is about 15 . And intco medical has much smaller production capacity than TG and produce mostly PVC glove.Mostly no stock for Nitrile Glove. how ASP will drop into half like JP morgan said in 2021?
For shorties in this forum , your short position is having an unlimited downsize and limited upsize risk/reward ratio. If price drop to 0 u earn 100%, if price up 100% u lost 100% and if price up 300% u lost 300%. Don’t you worry ? Ur emotionally must be very stressful now after hearing this news.
if TOP GLOVE price at PE10-15 in Hong Kong ipo enough to wipe up all your position. i think if u are banker of ib u will get sacked by boss. Faster close your position ASAP before too late.
