MiaoMiao7 
83 posts |  Posted by MiaoMiao7 > May 5, 2021 6:54 PM | Report Abuse
TopGlove is in survival mode, and if they cannot resolve this, what they will do it to throw price and flood the market with cheaper gloves. sell cheaper to 3rd party and let them smuggle it into US, this will eventually effect all glove companies. a drowning man will drag anything, including their loves one as they struggle. Gkent cant compete with TopGlove, price war is going to kill Gkent Johan glove venture. Haiz.
So many ventures to go but choose glove. go lah do water filter system, water tank system, or whatever also better. sell whole house water filter system also better. |
Cockroach Paul Lee
626 posts | Posted by Cockroach Paul Lee > May 6, 2021 8:33 PM | Report Abuse Ok ok Miao is right. Tomorrow onwards Gkent limit down until 0.01 .......... |
BatteriesNotIncluded
78 posts | Posted by BatteriesNotIncluded > May 9, 2021 1:45 PM | Report Abuse How? Sell Gkent or buy more?
Careplus posts strong Q1 results, says glove prices may have peaked
https://www.thestar.com.my/business/business-news/2021/05/07/careplus-posts-strong-q1-results-says-glove-prices-may-have-peaked
Supermax also says the same.
Another new glove company - Perak state govt jumps on glove-making bandwagon, to build RM800m glove factory in Batu Gajah
https://www.theedgemarkets.com/article/glove-factory-be-built-batu-gajah-involving-rm800-mil-investment
20+ new glove factories in Malaysia alone. How many in Thailand, Indonesia and China? |
Keyman188
4867 posts | Posted by Keyman188 > May 9, 2021 2:54 PM | Report Abuse Nowadays...apa apa company also said wanted to join the glove bandwagon...
Same pattern with last 10 years...
apa apa company also said wanted to join property development...
Same pattern with last 3 years...
apa apa entrepreneur also said wanted to open bubble tea franchise...
Malaysia memang boleh... |
BatteriesNotIncluded
78 posts | Posted by BatteriesNotIncluded > May 9, 2021 8:49 PM | Report Abuse I also remember when OldTown was popular, many joined the 'Malaysian Delight' restaurant theme. PapaRich, Hainan Kopitiam, Uncle Lim, and so many more.... in the end, most of them close shop.
Copycat theme can only be profitable for a short period of time. Also like the computer crazy in the 1990 to 2000... Dell, Acer, Packard Bell, BenQ, IBM, Toshiba, Fujitsu, Compaq, Gateway and many more... eventually computer becomes a commodity, but the problem with gloves is they are already a commodities to begin with.
This Gkent-Johan glove venture shows that Tan Sri Tan is out of ideas and it is time for him to resign and let the newer generation a say in how to run GKent. Investing a desalination plant makes more sense than this glove venture, albeit desalination plant is expensive... very expensive, but can always start small. After all, human population will reach 10B in the coming years and water will be a major problem. |
