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Retail investors are usually reactionary to market sentiments. Give yourself some time to ponder why giants like EPF increase their holdings on the big gloves that they hold like Topglove from 5% to 6% while we are selling. EPF don’t do research? EPF intentionally looking for loss? Cases are a few millions worldwide and glove companies are getting supernormal profits. Do gloves needed when administering vaccine? If yes then how many billion people are going to be vaccinated? And how long will gloves enjoy supernormal profits until everyone is vaccinated? Virus might be mutating too so there might be more than a single vaccine shot long term. This will all benefit glove companies. Every individual trading or investing strategy might be different so plan yours wisely folks.
Well said. Don't play short term because we wouldn't be able to look at the overall performance. The company is also making profit, trust the financial performance more than the news. With well finance, products could be diversified and strengthen the revenue stream.