Comfort in consensus, or victim of it?


Despite the glove sector’s explosive earnings amounting to multiple years consolidated in the past year alone, the share price has been falling. Interestingly, valuation contraction has been happening in spite of earnings expansion, with many analysts downgrading the target price irrespective of the results reported.

APART from badminton, I believe diving is the most exciting Olympic sporting event for most Malaysians. Probably, this has to do with the fact that Malaysian athletes have traditionally done very well in both events, with the best result being a silver medal back in Rio Olympics 2016.

Naturally, our people are hopeful that either one of the events would eventually deliver the elusive gold medal for our nation.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Consensus , Tradeview , Ng Zhu Hann , gloves ,

   

Next In Business News

Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade
FBM KLCI rebounds as Wall Street returns to a rally
Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income

Others Also Read