Betty Wong

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Joined Dec 2020

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Betty Wong commented on JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over.
https://klse.i3investor.com/m/blog/koonyewyinblog/2020-12-12-story-h1537562229-Supermax_target_prices_by_Investment_banks_Koon_Yew_Yin.jsp

"It is so ridiculous to down grate Top Glove by 50% of its last traded price to Rm 3.50 after it reported EPS of 29.64 sen for its quarter ending November. Its previous quarter ending August was only 5.32 sen, an increase of 5.7 times.

Perhaps JP Morgan has issued too many call warrants at much higher prices. If Top Glove share price remains so high, JP Morgan will lose a lot of money.

A call warrant is a financial instrument that gives the holder the right to buy the underlying stock shares at a specific price on or before a specified date." - Koon Yew Yin
3 years ยท translate
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