Koon Yew Yin's Blog
Glove supply exceeds demand - Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 06 Jul 2021, 09:09 AM
Koon Yew Yin
0 1,448
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
A reliable friend told me that he read a message written in Chinese about one investor wanted to commit suicide because he used all his saving to buy Supermax as recommended by a famous Guru.
Fortunately, I sold all my glove stocks earlier and I have posted a few articles to explain why I sold. I am writing this piece to help investors decide wisely.
All the existing glove manufacturers have been expanding their production lines and a few have constructed new factories. Moreover, many companies which are not in the glove business have also diversified to make gloves.
If you Google you can see the names of some of the new glove makers in Malaysia as follows:
1 At Glove
2 Mah Sing Healthcare
3 AXG
4 Leader Steel
5 Rimba Gloves
6 HLT Global
7 Kanger Tech
8 CE Technology
9 Inix Technology
10 23 Gloves Johore
11 Luster Industry
China has many new glove factories.
All the Chinese glove manufacturers have also expanded their production. There must be a lot of new glove manufacturers. I can imagine how quickly the Chinese Entrepreneurs would have taken advantage of this profitable opportunity.
US Government
The US is our biggest glove market. The US Government has provided many incentives for glove manufacturers to produce gloves in US because they do not want to depend on imported gloves.
European Union
The European Union has also provided large sum of money for the Covid 19 pandemic prevention and low interest loan to encourage investors to start glove factories in Europe.
Canada
Supermax has increased additional production lines in all its existing factories and constructed a new factory in Canada.
Top Glove also has expanded its production lines in all its existing factors and constructed new factories.
Glove supply exceeds demand is due to over production and massive vaccination. The number of new Covid 19 cases is gradually being reduced. As a result, the demand for medical gloves is also being reduced gradually. As a result, glove prices will continue to drop.
Henry Wong Wei Khen is a son of my old business partner. He is a big trader of gloves. He buys gloves from Malaysia to sell in Europe especially Spain. In fact, about 3 months ago, he took the Spanish Ambassador with a bank draft of one million Ringgit to buy gloves from a glove manufacturer near my house in Ipoh.
He told me that he used to pay US$ 11 for 100 pieces. The glove price has been dropping continuously. On 29 June, about 1 week ago, he WhatsApp to say that he could buy glove at US$ 6.50 for 100 pieces. That means the price has dropped about 70%.
Based on the above facts, all glove makers will soon report reduced profit. Smarter investors can foresee that all glove makers will not report increased profit in the next few quarters.
Most investors have sold their glove stocks. Unfortunately, there are still many stubborn investors who felt in love with their glove stocks and refused to sell.
All investors must look at Supermax share price chart below. It has been dropping in the last few months. Price chart cannot lie because it is the record of the daily trading of Supermax. It is dropping every day because there are more sellers than buyers.
More articles on Koon Yew Yin's Blog
MHC Reported Increased Profit - Koon Yew Yin
Created by Koon Yew Yin | Nov 21, 2024
Indonesia is the biggest palm oil producer in the world. Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry offici
Why all plantation companies will continue to report more profit - Koon Yew Yin
Created by Koon Yew Yin | Nov 20, 2024
Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry official said recently, lifting prices of the vegetable oil...
Who will win the Presidential Election? - Koon Yew Yin
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Who will win the Presidential Election? - Koon Yew Yin
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Wasco expects better profits in coming quarters with robust order book - Koon Yew Yin
Created by Koon Yew Yin | Oct 25, 2024
The group is expected to deliver better profits and revenue from its pipe coating, engineering, and bioenergy segments.
Malaysian Communist Party - Koon Yew Yin
Created by Koon Yew Yin | Oct 14, 2024
Today I read the article by Murray Hunter titled “A Visit to the Malaysian Communist Party tunnels in Betong, Thailand”, which is an important part of Malaysia’s history.
Property Developers comparison - Koon Yew Yin
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Property Developers comparison - Koon Yew Yin
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Water pollution in the UK: the causes and effects - Koon Yew Yin
Created by Koon Yew Yin | Sep 06, 2024
Water pollution is a huge challenge for freshwater in the UK, impacting our rivers, streams, and lakes and the wildlife that call them home.
Johor Property Boom - Koon Yew Yin
Created by Koon Yew Yin | Sep 03, 2024
State housing and local government committee chairman Datuk Mohd Jafni Md Shukor said demand for properties in Johor has gone up since last year’s announcement about the SEZ.
Discussions
Be the first to like this. Showing 36 of 36 comments
Below is a comment by otb
"This liar will be punished.
This liar will lose in KLSE until bankrupt.
Bad luck forever.
How to make money in KLSE, let me curse him like that."
I dedicate it to you kyy.
2021-07-06 09:48
bang Koon, thank you for your recent assessment on the glove industry.
Now I will top up more on gloves. TQVM
2021-07-06 09:48
Haha,
Just wonder why still not yet see any message investor wanted to commit suicide because he used all his saving to buy/sailang and margin finance into XYZ as recommended by a famous Guru KYY?
2021-07-06 17:04
Dear Mr Koon Yew Yin,
Indeed, glove selling prices are on a decline as the pandemic is subsiding. Thus, Recovery stocks, those which will benefit exponentially from the reopening of economies are on the cusp of a super bull run
*On 6 July 21, the vaccine doses administered surpassed 300k for the first time. At this rate, the country will achieve 80% coverage by Sep/Oct, well in advance of the Feb 2021 target set initially. Note: Market are forward looking 6 months ahead
As such, the numbawan top pick shure win Recovery + Value + Growth stock GENTING (3182)
Genting (3182) rerating catalysts:
a) Pent-up demand from revenge travel and gaming (Lifting of lockdowns - MY; UK, US)
b) Resorts World Las Vegas an Skyworlds (2H21)
c) Celularity Inc listing (3Q21; assume 10% holding only)
d) *Mashpee Wampanoag Tribe promissory notes USD426.3 mil write-back
e) Resorts World NYC expansion and full casino license bid (2021)
f) New York mobile sports betting bid (2021; gamechanger - see DraftKings)
g) Japan Integrated Resort (IR) bid (GenS - 1 of 2 bids)
h) Resorts World Sentosa upgrading
i) *Genting Americas USD $500 mil insurance claim
j) Resorts World Hudson Valley
k) Genting Miami and Genting Chicago (bid)
l) Plantation - CPO record high above RM4000
m) Energy - Brent crude oil USD 70++
n) Property - Cyclical sector in an upcycle
o) Life Sciences - Vast potential (TauRx etc; see US biotech and genomics co's)
p) Genting Ventures - PLAYSTUDIOS etc
q) International borders reopen / travel bubbles / vaccine passports
r) WHO declares pandemic over
Sincerely,
EMSVSI
2021-07-06 20:44
uncle lost the magic touch after supermax... pick tis n tat, but fail to create a wave...
2021-07-06 20:45
kyy is a dumb investor. He only knew after the fact while smart investor already knew the skyhigh glove asp was not sustainable when kyy put a lot of money in glove stocks many months ago.
Now he just pretend like 'i told u so', act like a smart one but he is not.
2021-07-06 20:53
once the biggest promoter of gloves, after being damaged badly, he now sings bad on it everyday like routined old tape radio hahaha. now he even mention this namelist of nobody alibaba glove companies and think it would be a threat. you're ridiculous. Mr Con you win
2021-07-06 21:39
INIX KANGER AT HAHAHAHAHAHA.even Fintec conpanies can be a threat to KYY as well
2021-07-06 21:39
Eh he still continue to post ar? Why repeat so many times? Every month repeat once?
2021-07-06 21:39
OMG, what happened...
"Glove supply exceeds demand - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Tue, 6 Jul 2021, 9:09 AM
A reliable friend told me that he read a message written in Chinese about one investor wanted to commit suicide because he used all his saving to buy Supermax as recommended by a famous Guru."
2021-07-07 22:51
This is incorrect. Global covid cases has stopped falling and has started an upswing. You can see the data on WHO website and other covid tracker website. Daily covid deaths has also stopped dropping and has stabilized at around 7.5K deaths a day. In a week we should see an upswing in covid death globally.
Gloves stocks maybe dead but Covid is not. Delta variant is starting to make its rounds in Europe and the US.
Lambda variant has left South American where it successfully beat the P1 variant for human host. Lambda has made land fall in ~30 nations.
------
Glove supply exceeds demand is due to over production and massive vaccination. The number of new Covid 19 cases is gradually being reduced. As a result, the demand for medical gloves is also being reduced gradually. As a result, glove prices will continue to drop.
2021-07-08 01:19
Whatever you decide to buy, Keep it simple:
Buy low, sell high.
Which mean, now is probably a good time to be looking...
2021-07-08 04:22
Don't believe the speculators,believe and accumulate the Top glove stock,the Datuk will pile up the stock over rm10,chinese one word tell,follow who is rich guys,who will benefits from it .
2021-07-08 04:28
Most gloves counter drop more than 70% ,hence a strong buy if got holding power
2021-07-08 10:11
HOW many here Believe Grandmaster KYY key in BUY/SELL orders himself?
Monitor stock prices 8 hours daily?
2021-07-08 10:53
When Unker say buy, then must sell. If he says sell, then must buy. If he said sell many times , then must really buy.
2021-07-08 12:03
uncle told us February promise dont want to talk about gloves anymore. manyak kincin
2021-07-08 14:01
Don't buy Bursa counters now, wrong timing! just wait until year end or when the government changes which ever comes first.
2021-07-08 14:37
show mw the supply and show me the demand.
DEMAND IS GROWING 9-10% ANNUALLY, DONT THINK CAPACITY COULD BE THAT FAST.
2021-07-08 14:58
talking with no numbers is just simply a no clue guy. Read TOPGLOV IPO in HK, INSIDE GOT VERY DETAIL FROST&SULLIVAN REPORT. Go read it, help your self on this, will ya.
2021-07-08 15:02
Three days ago uncle say sell. If you buy on that day, you untung because glove price soar today.
He is like a modern reverse-fortune teller. Listen to him, do the opposite, sure untung banyak!
2021-07-09 12:22
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
Koon Yew Yin's Blog
5
BFM Podcast
6
7
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Beary
This old fart kyy has been on a run of bad luck since I bear curse him in 2018.
Whatever he touches turned into massive failures since then.
Careful oldman, don't lose until no money to buy coffin ah.
2021-07-06 09:30