Lynn098
2022-06-15

$TOP GLOVE CORPORATION BHD(BVA.SI)$With the sharp drop in profits, historical PE looks high although on a price to book basis, price looks ok. May not be time to buy yet as the industry appears to be in an over supply situation. We have to see some bankruptcies to weed out the weaker players to reduce supply first before there can be a meaningful rise in its share price

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Comments

  • EmilyMark
    2022-06-15
    EmilyMark
    Maybe this is the normal situation. Because the demand for gloves was too high during the epidemic, which prompted manufacturers to expand production greatly, the demand is now decreasing.
  • MyrnaNorth
    2022-06-15
    MyrnaNorth
    Are you optimistic about the future of this stock? After all, gloves are also daily commodities and are indispensable materials in life.
  • littlesweetie
    2022-06-15
    littlesweetie
    That's true. As the epidemic eased, the demand for gloves dropped sharply, which could affect the company's profits
  • Lely84
    2022-06-16
    Lely84
    awful stock 😅
  • Ahi
    2022-06-16
    Ahi
    👍
  • FitFan81
    2022-06-16
    FitFan81
    Sigh
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