Technical Analysis
I think the right question to ask right now is has Top Gloves rebounded? From chart perspective wise, I believe Top Glove has huge momentum upcoming week, it is going to break above MYR 7.00
We could see further downside pressure if big RSS continues therefore cut loss is important, however i do believed RSS will hugely reduced, and Uptrend will start for all Gloves Sector.
Fundamentally Analysis
Top Glove FPE after next 2 quarters should be around FPE = 6. MYX:TOPGLOV
Top Glove Expected upcoming quarter PAT is expected to reach around 3b PAT.
As the pandemic still ongoing, their high Profits margins will remain strong and intact at least for another 6-9 months.
For current price and Low PE, the risks-to-rewards is favourable.
In all circumstances, there is always hope, lets hope Top Gloves to fly back to where it belongs !
I think the right question to ask right now is has Top Gloves rebounded? From chart perspective wise, I believe Top Glove has huge momentum upcoming week, it is going to break above MYR 7.00
We could see further downside pressure if big RSS continues therefore cut loss is important, however i do believed RSS will hugely reduced, and Uptrend will start for all Gloves Sector.
Fundamentally Analysis
Top Glove FPE after next 2 quarters should be around FPE = 6. MYX:TOPGLOV
Top Glove Expected upcoming quarter PAT is expected to reach around 3b PAT.
As the pandemic still ongoing, their high Profits margins will remain strong and intact at least for another 6-9 months.
For current price and Low PE, the risks-to-rewards is favourable.
In all circumstances, there is always hope, lets hope Top Gloves to fly back to where it belongs !