Urea drop to the lowest in late March 2023 when it was about the same time PChem started to go up. Coincidence? Or someone already looks beyond the next quarter QR? We buy for future, not past. See what happend to glove counters lately
Got some cheap ticket at 1.7x this week. See how it goes.
If Malaysian glove makers can's make profit, I dont think China glove makers can as their production costs should be higher than here as they don't employ Bangla/Indon and they don't have natural rubber like us do.
I see this is a fantastic result. If u read further in the cash flow statement, the first 3q generated about 120mil free cash flow but this q alone generated about 80mil. Same with the operation profit before adjustment, this q is about double of the average of the last 3 q. The company now is net cash over 100mil Vs ta the beginning of the year with is still net debt
Sometimes the market really puzzling. Kossan share price now is even lower than before omicron discovered. If ppl are worried about omicron, then overall market should drop and glove should up. But now both glove and overall down