DON'T BET AGAINST SUPERMAX, YET
Moderna vaccine - a man in California died shortly after receiving the vaccine.
Pfizer vaccine - a physician died 2 weeks after receiving the vaccine.
Just google it. There are multiple reports that Moderna and Pfizer vaccines have severe side effects.
Many more speed bumps are still ahead before the world can put covid-19 under control. Gloves are still needed for years to come. ASP may not rise at the current pace forever. But the higher than pre-pandemic ASP looks sustainable for years. With it, earnings may continue to outpace pre-pandemic because of continuous capacity expansion by Supermax.
The IBs are ignoring this narrative. But it doesn't mean they can ignore this forever. Earnings visibility for glove companies as projected by Harta in their quarterly report yesterday is in years, not months. This means Supermax is severely undervalued. It's rallying cycle will come.
Don't bet against Supermax, just yet, takeover target or not.