Let's just face the reality. After so many bloggers and other analysts boast about the attractive price of rubber glove makers recently, they just won't be as influence and effective than CIMB Research house and Terence Wong promoting about it.
Rubber glove markers finally advanced altogether right after CIMB Research house maintained the rating for this sector despite influence by the negative impacts in this afternoon. Terence mentioned that the gloves demand will still continue to grow at a healthy clip for the time being. In addition, he also stated rubber glove makers from Malaysia would maintain its leadership in the global market.
Overall the rubber glove makers advanced from 4 to 10% respectively. HARTA, one of the highest ROE and my favorite stock in this sector, has been the only one which advanced since the day 1 of this week. It still managed to climb up 4.7% today even it has rally for consecutive 4 days. It rebounded for almost 18% this week, the best performance stock among other glove makers so far.
Where by LATEXX is the highest gain stock in this sector today, with the shot of 10.7%. If the selling pressure is alleviated, we shall see some upside for these glove makers on next week, especially my another favorite stock, SUPERMX. It has been oversold compare to other glove makers, most probably due to the exchange shares with EPF.
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Continue from my previous KBUNAI post, it seems like the news was over, but many investors are still like it very much and we can continue to see KBUNAI in the top 10 volume list this week. The share price remain between 11.5 and 13 cents. Perhaps many investors have the insider news that the casino proposal is true and upside of KBUNAI is just a matter of time? Good luck to them.
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