$TOP GLOVE CORPORATION BHD(BVA.SI)$Do you all know 1) majority who sell are small holders recently.2) very negligible short sellers recently. 3)very small swing amid price drop.4) volume 6m+ (3month) 4.) Company cash flow solid due to making money all the time amid a hugh drop last quarter. 5). Risk: external risk ( political, cure for covid, war, climate changes affect rubber price, labour,oil prices, exchange risk,) most of this also affect their competitors. 6) they also pay consistent good dividend 7) someone is accumulating I believe mainly from small sellers.
What do you all think the fair value of top glove should be? I personally feel that if it continue going down or stay at a small range too long (more than 6- 8 months) it could turned into value trap stock. Which I think highly unlikely as tp is highly traded all along. Anything reaches the bottom will bounce up unless it go bankrupt. It is only time. Hope the time is very soon. Good luck everyone.
Comments