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Adoi. My TP based on history price is actually at least RM20. Is it possible? Usually demand for gloves will increase and maintain. Nvr been decreasing.
Not impossible at all.. At RM20 the p/e still less than 30.. Average p/e for HK listed stock is 37.7.. Good/tech/goreng stocks p/e can go up to more than 100
ASP drop offset by organic expansion
The increase in capacity will stay and generate revenue perpetually for future shareholder, when hit 144bil, 205 bil capacity, it won't be the same as 70bil capacity ma.. Simple maths show it should be 2x - 3x minimally just based on sheer sales volume.. ASP may drop but it will not be same level as pre-pandemic as well, will plateau and when countries, medical institution restock.. Latex glove ASP is increasing due to dev nation demand for less ex alternati
I'm more afraid of those company that might not have earning next 2-3 quarters and continue use leverage to give dividend and the directors keep selling their shares, with high debt to equity ratio, and private placement
How fast Malaysian get vaccinated if their business customer are local only.. If international, how fast can get vaccine passport all..
