gloveharicut

TOPGLOV 1QFY22 Briefing slides

gloveharicut
Publish date: Fri, 10 Dec 2021, 03:38 PM
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1 person likes this. Showing 12 of 12 comments

calvintaneng

Impressive presentations

Sum it up Plus Calvin's input

1) From ASP Premium fell down to ASP discount due to HUGE GLUT

2) NO BARRIER TO ENTRY
China which made the Glove Automatic Machines for decades only sell Glove Machines (Cost Rm1.2 MILLIONS) & contented.
Thought glove making for 5 sen, 10 sen profit too little & not worth it

3) NOT UNTIL MALAYSIA MINTED NEW GLOVE BILLIONAIRES DUE TO COVID 19

4) CHINA THE GIANT AWAKENS
In 4 months NEW GLOVE FACTORIES MUSHROOMED ALL OVER CHINA LEADING TO TOTAL GLUT

5) Even USA now so confident to Ban Malaysia Gloves with no fear of supply lack

6) SO GLOVES FACE FIERCE BRUISING PRICE WAR AT ALL LEVELS FROM LAZADA TO ALIBABA ONLINE SALES
EVEN BLUE SAIL GLOVE CHINA REPORTED A LOSS

7) GLOVES AFTER RECEIVING ASP CASH PLUS EXTRA UPFRONT BY THE BILLIONS NOW EMBOLDENED TO GO INTO EXPANSION
(THIS IS THE ULTIMATE KILLER AS GLOVE WILL BE CAUGHT BY LONG TERM SUNK IN CAPEX)

8) THOSE THAT EXPANDED RECKLESS LIKE HARTA (BIGGEST EXPANSION BY MULTI BILLIONS NEAR THAI BORDER) WILL LATER FACE HORRENDOUS LOSSES

WHAT SHOULD YOU DO NOW?

JUST CUTLOSS IN GLOVES AND BUY PALM OIL SHARES FOR CAPITAL PROTECTION

2021-12-10 16:05

AdCool

Gloves ASP started in April 2020 and gloves counters started to uptrend from then on. Palm oil price started more than 1.5 year ago and yet palm oil counter still sleeping. yet you wanna con ppl to buy palm oil counters?

2021-12-10 18:18

calvintaneng

Palm oil versus gloves

1. China could set up glove factories in just 4 months but palm oil needs at least 4 years from planting to harvest of Fresh fruit bunches

So palm oil got long TIME Barrier

There is a time barrier before any palm oil glut unlike gloves. Gloves are man made while Palm oil is by nature which cannot be manipulated


2. Climate.
palm oil needs lots of water to grow so only found in Equatorial rain forest region . China only small parts can grow

so there is geographical constrain


3. Gloves are made inside crammed factories while palm oil grown on vast lands so spreading of covid 19 is limited or nil in palm oil estates

4. Gloves in declension due to glut and price war

Palm oil no enough and prices of canola oil now Usd1,000(highest last time was Usd600) and soyoil over usd53(last time at only Usd28)

So palm oil prices will remain very high

Very high 100% or more increase of palm oil prices mean they making over 100% profit

Gloves price war cause selling below ASP

SEE the BIG DIFFERENCE https://tradingeconomics.com/commodity/palm-oil

2021-12-11 14:50

stockraider

Yes Plantation has a better barrier of entry...bcos they are limited land & gestation period is 4 to 6 yrs loh!

2021-12-11 16:06

i3lurker

Yes
this looks right

someone posted a whole lot of power point slides on Serba too, and the rest is history. See what happened?

2021-12-11 16:18

VenFx

Thank to gloveharicut s for such comprehensively article for TG.

2021-12-12 12:31

CharlesT

Love is over

2021-12-12 12:37

CharlesT

Ops typo...

Glove is over...

2021-12-12 12:49

sensonic

Post removed.Why?

2021-12-12 14:14

Kimly2

Legend VenFx, bought Supermx b4fore covid, hold until now nvr sell
during price down, add more carepls. pity guy...


Posted by VenFx > Dec 12, 2021 12:31 PM | Report Abuse

Thank to gloveharicut s for such comprehensively article for TG.

2021-12-12 20:29

calvintaneng

VenFx should study about Cyclical investing by Peter Lynch or Howard Marks to understand when to buy and when to sell at the correct timing

2021-12-12 23:13

tollebunsmith

calvintaneng : Heloo friend/// heheheh i see u are lying in this counter today!!! Good .. it make u feel alive? Ok ok... shhhhsh I wont tell anyone what a snake u are...

Sorry people, calvintaneng is a very good investor and can read the market like Warren Buffet...

LOL even WArren ask calvintaneng for advise and often buy calvintaneng breakfast by paying RM1 million per session.....

2021-12-13 09:16

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