Rubber Glove companies till year 2023
AT (0072) - GREAT NEWS & PROGRESS UPDATE - (Step 1 - Photos included)
koolset
Publish date: Wed, 09 Dec 2020, 06:20 PM
koolset
0 52
Countries are running out of gloves and have to purchase even more to overcome the incoming shortage.
For next 2-3 years, glove manufacturers will have to even more gloves compared to this year. Eventually, price will increase over time and the simple answer to that is because of the decreasing amount of raw rubber latex materials to produce it.
It is expected that the demand will be higher than 350b gloves next year according to Careplus annual report 2020. What's next?
For next 2-3 years, glove manufacturers will have to even more gloves compared to this year. Eventually, price will increase over time and the simple answer to that is because of the decreasing amount of raw rubber latex materials to produce it.
It is expected that the demand will be higher than 350b gloves next year according to Careplus annual report 2020. What's next?
The share price is now 0.19 (9th December 2020 )
The above are the pictures taken in the AT glove factory.
From the look of it, AT systematization berhad will begin their glove production very soon.
According to Bursa Malaysia website, the line is expected to commence production of gloves by the middle of December 2020 and also expects to receive approval for the export of its gloves to European countries.
In addition, the Group expects to complete the installation and commissioning of new glove dipping lines at a rate of 2 new double former lines per month commencing January 2021 and expects to have all 13 lines installed by end-June 2021
Words in the community are spreading that the AT share price could potentially shoot up to at least 0.30 - 0.40 when it begins glove production and the completion of PP.
Today, AT has announced that it has offered options to eligible Directors and employees under its SIS, the details of which are as follows:-
(a) Date of offer: 9th December 2020
(b) Exercise price of options offered: RM0.19 each
(c) Number of options offered: 161,570,000
(d) Market price of AT’s shares on the date of the offer: RM0.19
(e) Number of options offered to Directors of AT are as below: Nil
(f) Vesting period of options offered: 9th December 2020
Regardless if a vaccine is available or not, there are many articles written that the glove will still be in demand globally next year. So far, there are no news about needing less gloves next year.
https://klse.i3investor.com/blogs/GlovesRally/2020-12-09-story-h1537419969-Glove_Rally_Lasting.jsp
Top Glove to resume all Klang ops in 2 to 3 weeks according to the news. This will be another catalyst to push the rubber industry price up on the day they resume their operations.
https://www.thestar.com.my/business/business-news/2020/12/09/top-glove-to-resume-all-klang-ops-in-2-to-3-weeks
There is a strong likelihood for AT to go up to 0.40. I have complete faith that the share price will go up to an even greater height by June 2021.
Reference:
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=&sub_type=&company=0072&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=
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Created by koolset | Feb 22, 2021
Discussions
5 people like this. Showing 37 of 37 comments
Next time must take pic in front of THAT AT signboard to show it is in fact AT factory
Total confidence is important cos buying a lot
2020-12-09 19:41
normally machine design is secret but this sohai AT want to goreng their share only
2020-12-09 20:20
Koolset if u post another 50 articles to promote AT then the price will likely to break new high i think
2020-12-09 20:24
Just sell AT lah...!!
Do not get con loh!
Interpret the Good News release mah...!!
This is an important high level of share play mah....!!
Let market tell u, what is behind the story loh...!
Posted by stockraider > Dec 9, 2020 8:08 PM | Report Abuse X
This bcos the good news already factor in the share price mah...!!
Going forward they knew the current very good profit cannot sustained mah...!!
Thus they sell ahead loh....!!
Posted by VolatileIsMyGold > Dec 9, 2020 4:59 PM | Report Abuse
Malaysian investors are the stuppidest & the weirdest in this whole wide universe
Any company makes awesome profit, they don't chase, but they dump
Then they go grabbing companies that make gigantic losses
2020-12-09 20:25
Stockraider an old timer i dare you to go to AT facebook or website and write all your allegations there... do you dare to do that if not you just go back to your Insas pray day and nite there
2020-12-09 21:11
ok onion, lets see who is right in the end. :) when it flies, you better remember this moment.
2020-12-09 21:56
Awesome updates! Thanks Koolset for photos as proof. TP rm1 PE15, TP RM 2 PE 30!
2020-12-09 22:46
from the picture, does it mean that the production already started? if i'm not mistaken, it will start in mid dicember.
2020-12-09 23:43
This just in! Topglove will resume to work in the next 2-3 weeks! Another catalyst to push rubber industry share price up!
https://www.thestar.com.my/business/business-news/2020/12/09/top-glove-to-resume-all-klang-ops-in-2-to-3-weeks
2020-12-10 08:28
Very convincing photos and write up! I am very confident that my investment will bear fruit soon... :)
2020-12-10 08:42
Didn't see any AT name on any of the pictures. Could be some stock pictures of glove factory from China or any other factory. If like this anyone can also post things like this and claim to open glove factory. Do some work la if want to con..I can suggest hire some cheap uni kids to photoshop ular Mak hugging the senile uncle KYY in front of AT signboard (also can edit signboard easily) showing both wearing AT glove (edit and put AT brand on the gloves) LOL. Surely the price will shoot up to RM15 hahahaha.
2020-12-10 08:58
If don't like to buy company with gigantic loss then go and buy fintech which make more gigantic gains.
2020-12-10 17:43
Hi, does the glove manufacturing started? Appreciate if can provide updates with latest photos.
2020-12-17 16:09
Hi Raihiemie82, the glove manufacturing hasnt start yet. Apparently, there is a delay in getting the certificate at the moment. The company is trying to get the cert as soon as possible but the government is being very slow as usual.
2020-12-18 00:09
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