SUPERMAX SHARE PRICE CRASHED BY PFIZER VACCINE NEWS!?
The way I see it
Author: omione | Latest post: Tue, 10 Nov 2020, 2:43 AM
I am a top-down bottom-up investors. I spend my time reading news from around the world to understand the facts and reasons behind the stories. That gives me a sense of where the shifting sands of the world economies are at any point in time. It plays a critical role on how I buy and sell stocks. I continuously build up an inventory of stocks that has the potential to rally based on solid fundamentals. I make full use of technical tools to make critical decisions on entry and exit.
Author: | Publish date: Tue, 10 Nov 2020, 2:43 AM
Will Pfizer’s vaccine news crash Supermax price?
Very likely for the uninitiated. But for those who have done their homework well, the temporary dip represents an excellent buying opportunity. Why?
For the very simple reason – Supermax’s profit visibility will continue to grow with or without vaccine. Supermax will continue to rack up outsized profits for 2Q21, 3Q21 and 4Q21. The vaccine story will not change the demands for gloves worldwide for many, many more months to come. Based on the actions of the people who know the business best – the big four, they expect the demands for gloves to continue to grow. That’s why they are pouring in billions of ringgit to build more factories. Do you think you are smarter than the Thai, the Lim and the Kuan who know the glove business better than anyone on earth?
This is what Joe Biden has to say about the vaccine news:
“At the same time, it is also important to understand that the end of the battle against COVID-18 is still months away. This news follows a previously announced timeline by industry officials that forecast vaccine approval by late November. Even if that is achieved, and some Americans are vaccinated later this year, it will be many more months before there is a widespread vaccination in this country.
This is why the head of CDC warned this fall that for the foreseeable future, a mask remains a more potent weapon against the virus than the vaccine. Today’s news does not change this urgent reality. Americans will have to rely on masking, distancing, contact tracing, hand washing, and other measures to keep themselves safe well into next year. Today’s news is great, but it doesn’t change the fact.”
An extract from “Statement By President-Elect Joe Biden.”
So here’s the drill. Sell if you must. But just remember to buy back, or you’ll miss the boat.