Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
I was surprised by how far it went in such an expansive mood. Wow, I really wonder if it has the rally strength to break 1.0 today (If it doesn't expect below 0.80cts soon). The algorithm projected a strength of 128% above 1.0, I am not a doubter.
@YY I don't want to apply speculative views, only looking at it based on the fundamental that was shared by the company during its QR release. The only factor that interest me the most was in the Easing Supplies - Rising Average Selling Prices - Easing Material Costs. As for the technical, above 1.00 is assured since fundamental has strong price-in effect.
John, remember when we traded Beta at near 0.50? Top Glove seems to be carrying all the bullish sentiment, pushing headwinds like a superstar. It's as if the entire bourse were charm by its bullish breakout!
Stanley, you are missing the point. If you look at the losses, you are not looking at the business's operational performance at present. Re-read again from the QR and in the IR letter. I posted it here so you and the others don't have to open the pdf.
Hopefully, raw material prices continue to ease. This way, the raised ASP would benefit TopGlove greatly. For now, current fundamental are greatly empowered by the rise of its ASP and interim easing of its RMP. Way to go, keep at it TopGlove.
