Thursday, January 7, 2010

2010, day 4.

today morning, market is hot KLCI high hit 1299.70, almost break above 1300 resistance line.
it retreat and close at 1291.42, -1.75.

rubber glove counter keep rising, only harta close below yesterday closing -2 sen.
topglove still very strong, close 10.40, +0.16.
i have some feeling, they will announce some good new in this coming AGM (12 jan 2010)

Topglove now hav approximate 230 million in their very big piggy bank.
Total borrowing stand at 15 million only, 15million VS 230 million, wat will u think they will do with the money.

They are now the biggest glove manufacturer in the world, with this money , do they still need to expand agressively.

i feel the next few year, glove will be over demanding, because most of the glove maker in msia hav expand their production aggresively in 2008 and 2009 after the H1N1 outbreak.

So what will they do with the money?
maybe bonus issue, just guessing, or maybe they wont announce anything.

I hope they can giv some surprise to us. either bonus issue, or maybe capital repayment., hahaha.

This is my first own writting essay, any mistake pls comment , thanks you.

No comments:

Post a Comment