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Way oversold
$UGHealthcare (8K7.SG)$ Earning result was good and we all still need gloves at least for a few more years! We are also rewarded with dividends with the shares hold. Why sell?
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Andi306 : https://www.reuters.com/business/malaysias-top-glove-quarterly-earnings-plunge-48-slower-sales-2021-09-17/
102823153 Kelvin : why crashed then?
102956716 OP Andi306 : Ya lo, top glove pulled all glove counters down. UG healthcare report earning was still so good despite vaccines out. Anyway, US lift top glove ban now, so sales will increase le ba, so will expect better earning next quarter?
102956716 OP 102823153 Kelvin : cause of top glove report. It should recover slowly, you still holding?
102823153 Kelvin : I never read the report
102823153 Kelvin : Still holding. Bought low but now even lower.
Andi306 102823153 Kelvin : Cos outlook not good; cannot be just top glove’s sales went down right? Eventually gonna need less and less of gloves.
Andi306 102823153 Kelvin : If you look at what it was trading at b4 Covid, it’d only ard $0.05! I think it’s just natural that it goes back towards that sooner or later, once the world starts living with Covid.
102823153 Kelvin Andi306 : So sell with great losses?