Dear friends and sincere investors,
Year 2020 has seen the Spectacular Bull Run of Medical Glove Stocks
Supermax jumped from the low of Rm1.29 to the high of Rm24.44 (for a whopping gain of 1,794% gain on August 7th 2020 in less than 7 months due to Covid 19
As Supermax has now reached euphoria stage its upside will be limited to another 20% or 30% unless Covid 19 is prolonged
Yet 2 things might happen to impede its further upside. In coming years there will be a Huge Glut of Medical Gloves
Or a vaccine could be found.
So we have to sell while the selling is good & take our profits in this very Super Boom Glove Theme
As Sir John Templeton said
“Bull market is born in pessimism.
Grows in skepticism.
Matures in Optimism
And finally dies in euphoria”
We have to seek for another upcoming investment theme that is still at stage one
Yes
“Bull market is born in pessimism”
What is it?
PALM OIL STOCKS, OF COURSE!!
As of now
No Investment Banks talked about CPO or PALM OIL STOCKS AS YET
Analysts are totally silent
No Guru or Sifu talk or write about Palm Oil Stocks
Not only that. The Market is in petrifying fear due to Nov 3 USA uncertain Election
Aha!
One thing is Certain
CPO (Crude Palm Oil) Prices have crossed Rm3,000 a tonne!
And CHIN TEIK PLANTATION HAS FIRED THE FIRST SALVO OF THE UPCOMING PALM OIL STOCKS BULL RUN
SUMMARY OF KEY FINANCIAL INFORMATION
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|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
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|
31 Aug 2020
|
31 Aug 2019
|
31 Aug 2020
|
31 Aug 2019
|
||
|
$$’000
|
$$’000
|
$$’000
|
$$’000
|
||
|
|
|
|
|||
| 2 | Profit/(loss) before tax |
17,725
|
8,128
|
47,241
|
42,221
|
| 3 | Profit/(loss) for the period |
13,715
|
6,524
|
35,987
|
32,103
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
13,715
|
6,524
|
35,987
|
32,103
|
| 5 | Basic earnings/(loss) per share (Subunit) |
15.01
|
7.14
|
39.39
|
35.14
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
16.00
|
20.00
|
|
AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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||||
| 7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
7.4400
|
7.3600
|
||
PROFIT HAS JUMPED FROM 7.14 SEN TO 15.1 SEN (UP 111%)
TRIPLE DIGIT SPECTACULAR GAIN!!!
And this Chinteik result is only until June, July, August 31st Qtr when CPO was around Rm2400 to Rm2600 a tonne
By September CPO has reached Rm2,800 a tonne
And by October 2020 CPO has broken the Rm3,000 barrier!!
SO NOW THAT CPO IS AT EVEN HIGHER AND HIGHER PRICES FOR SEPTEMBER & OCTOBER 2020 AND MANY PALM OIL STOCKS ARE SURPRISINGLY STILL IN DOLDRUM
This reminds us of December 2019 When Supermax price ranged from the low of Rm1.40 to the high of Rm1.47
On December 2019 Coronavirus was making its havoc in Wuhan & by March 18th 2020 Malaysia went into a Lock-down & closed its borders
YET THE SURPRISE OF SURPRISES!!
SUPERMAX CRASHED TO RM1.30 LOW
Why oh why?
BECAUSE PEOPLE STILL UNAWARE OF THE DEADLY COVID 19 THAT WILL PROPEL DEMAND FOR MEDICAL GLOVES LIKE NEVER BEFORE IN THIS ONCE A CENTURY MEDICAL GLOVE SALES!!!
Ok missed it? Don’t chase anymore as price no longer cheap
Remember?
Bull market matures in Optimism & Dies in Euphoria. So upside for Supermax & all medical gloves are now capped. Even Top glove directors are starting to take profit.
Now many people are unaware of what happened to Soybean, Corn & Palm Oil unless they read here
So listen VERY VERY VERY CAREFULLY
Never before in the history of China; 3 Major Typhoons SWEPT THROUGH THE BREAD BASKET OF CHINA – HEILONGJIANG: Harbin, Jilin & Liaoning WIPING IT CLEAN OF SOY BEAN & CORN
EARLIER MONTHS TYPHOON ALREADY WRECKED ALL OF SOUTH TO CETRAL CHINA, NORTH & SOUTH KOREA & JAPAN
THUS CHINA, KOREA GRAIN STOCKS ARE COMPLETELY GONE!!!
OVER IN INDIA SAME THING HAPPEN TO INDIA BREAD BASKET OF MAHARASTHA & ITS SURROUNDING BREAD BASKET STATES; HUGE QUANTITIES OF SOY & MAIZE WERE WIPED CLEAN
AND TYPHOON WRECKED BOTH THAILAND & VIETNAM AS WELL
OVER IN EUROPE TYPHOON STARTED IN GREECE AND SWEPT THROUGH FRANCE & ITALY
AND MANY HURRICANES HAVE SWEPT AND SWEPT THE SOUTHERN STATES OF USA.
WHILE IN ARGENTINA, BRAZIL & THE PLAINS OF USA THERE IS UNUSUAL DROUGHT
THIS IS THE TERRIBLE LA NINA WEATHER THAT HAPPENED IN YEAR 2014 & EARLIER YEARS
ALL THESE CONVERGING FACTORS WILL LEAD TO HUGE SHORTAGE OF FOOD ESPECIALLY CORN & SOYBEAN
THIS IS THE REASON WHY WHO SAID A FAMINE IS COMING AND THERE WILL BE FOOD SHORTAGE
THUS SOY BEAN GOING UP IN PRICES WILL LIFT UP CPO PRICES IN TANDEM
CHIN TEIK FANTASTIC RESULT IS ONLY THE FORERUNNER OF ALL OTHER PALM OIL STOCKS WHICH WILL RISE AND RISE IN TANDEM
AS MEDICAL GLOVES HAVE SEEN BULL RUN GAIN OF 1,000% TO 1,700%
WILL PALM OIL STOCKS GIVE US 300% TO 500% OR HIGHER??
Yet to be seen
Only time will tell
And The Time For Bull Run is now ticking
Those who have ears to hear let him hear
Warmest regards
Calvin Tan Research
Singapore
Disclaimer
All information provided here should be treated for informational
purposes only. It is solely reflecting author’s personal views and the
author should not be held liable for any actions taken in reliance on
information contained herein.
https://www.eaglevisioninvest.com/after-medical-glove-bull-run-the-next-upcoming-bull-theme-is-palm-oil/
