Big funds are buying SUPERMX and TOPGLOV at near market closing today in massive volumes. We can see these transaction in today Stock Tracker where the single order came in 6 digits.
Glove companies are expected to do well in the next few quarters. There are not many company in the market can offered better revenues and profits growth in the near future than glove industry.
Many big funds have missed the boat into buying glove stock as most of them has underestimated the performance of glove company for the past 2 quarters. The actual performance for the last 2 quarters have beaten their most optimistic forecast.
It is not surpirsing big funds will now restructure thier portfolio to increase the holding of glove company stock. They will accumulate the glove stocks when the retail investors sell it at below the intrinsic value.
