Trying to Make Sense Bursa Investments
Rubber Product Exports Rise 9.6% M-o-M, 210% Y-o-Y in March
Today the Department of Statistics (DoSM) published Malaysia's External Trade Statistics for March 2021. You can read the bulletin here.
The exports of rubber products reached RM7.324 billion in March 2021. That is an increase of 9.6% month-on-month (RM6.684 billion in February 2021) and an increase of 210.6% year-on-year (RM2.358 billion in March 2020). This is also an increase by 29.2% quarter-on-quarter compared to Q4 2020.
For comparison, the value of rubber product exports for the entire Q1 2020 was RM6.89 billion.
We do not know yet how much of that value corresponds to gloves as the March data has not been uploaded to the External Trade Statistics site. However, in the last few months, the rubber glove export value has been between 85% and 89% of the total value of rubber product exports of Malaysia. If that remains constant, the value of rubber glove exports should be in the range of RM6.3 billion to RM6.5 billion.
Important disclaimer: Any views expressed are for informational and discussion purposes only. None of this information is intended as, and must not be understood as, a source of advice. It is imperative that you always do your own research and that you make any decisions based on your personal situation and your own personal understanding.
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Discussions
4 people like this. Showing 7 of 7 comments
Number one rubber producer is Fgv
Fgv owns very huge rubber plantations will benefit the most on price increase of latex
2021-04-29 11:52
Lukey_Greek, calvintaneng, thank you for your comments.
calvintaneng, wouldn't it make more sense then to go for a more pure play rubber plantation counter such as Sri Trang?
2021-04-30 10:00
Ben
I got Sri Trang
Riverstone
Ug healthcare in Spore
All sold and no more gloves except Medtec Taiwan
I sure love to buy great bargains
Now I also got palm oil like Bumitama and Goldenagri in Singapore
But there is nothing so cheap on planet early today like Malaysia bombed out plantation shares
So I am buying Malaysia Plantation shares every week
2021-04-30 15:02
calvintaneng, thank you for your response. Why do you believe FGV will do better than, say, Sri Trang Agro?
2021-04-30 16:02
Ben
That is a good question
I think Sri Trang over confidently over expanded to 100 Billion gloves to challenge Top Glove position in few years time
100 Billion gloves for World Total population of 8 Billion people means more than enough 12.5 gloves for every human being on planet earth
That is too much as Many many others are expanding like crazy
Sure face horrible glut one day and die
2021-04-30 16:09
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Lukey_Greek
Another historical high monthly export figure for rubber glove.
2021-04-28 19:12