As the 'stars are aligned' recently due to 'an increase in glove sales volume, higher average selling prices and better profit margins from higher economies of scale and lower raw material prices', it is no wonder the share has been soaring sky-high since it plunged to rock-bottom at 0.73 on 19 March. The last close at 2.13 would net almost 200% gains.
I wasn't the lucky one to get that gain because I didn't buy anything from the stock market since it crashed till recently, but since I bought it at 0.88 cents a couple of years back, the rocket is bringing me a long-waited gain of around 140%.
CGS-CIMB has revised the target price to 2.5, and the market seems to be optimistic towards that goal. There's still another 2 weeks before the dividend
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