Interview Video - CNA with the World's Top Glove Maker Tan Sri Dr Lim Wee Chai 9 July 2020
https://www.youtube.com/watch?v=Vtg4tas_7Gc
"In order to grow big to become Global Fortune 500 company, we need to grow 30 TIMES. 30 times is almost like 500 factories, now we have 45 factories. By 2040, we hope to achieve a sales revenue of USD$ 35 billion.".
Sales in 2020 (last 4 quarters): USD$ 1.17 billion
Sales Target in 2040: USD$ 35 billion (Grow by 30 times)
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WOW... your workers and machines must have to work 24 hours a day in order to meet the 30 times sales.
2020-07-10 07:41
According to demand and supply theory, once the price of a product shots up 30 times, many more manufacturers will try to sell more by producing more until too much in the market then the price of the product will definitely slump.
2020-07-10 07:47
Wow! Great company with good management and strong RnD plus clear vision to grow globally..
2020-07-10 07:51
if there is anyone that believe this kind of shit then he is not thinking straight
2020-07-10 08:52
Wahaha!!!
Topglove next move will be
Take over Texchem
Texchem already got 10 Warehouses and Factories producing Polymer which is switchable to Latex and nitrile gloves chemicals
Topglove will then change
Name of
Texchem to Topchem
2020-07-10 09:29
Better buy Texchem
Texchem nav is Rm1.90
Just pay Texchem at Nav par value already Rm1.90
So Texchem at 48 sen better Grab now !!!
2020-07-10 09:30
If Topglove so booming can also consider Pay Texchem a 50% premium to take over
So Rm1.90 x1.5 = Rm2.85
If Topglove takes over Texchem at Rm2.85 then the upside from 48 sen is 400%
Topglove
Texchem = TopChem
2020-07-10 09:33
Philip laugh until no tear, lol....actually he can get more than 5000% earning but he sold too early and only get 2000% earning....actually 2000% earning in 10 years, not bad also
2020-07-11 01:07
has anyone ever think where to get so many medical staff to wear all these gloves
2020-07-11 11:02
the scenario will be like face mask, once the capacity exceeded demand , price drop.
2020-07-11 11:03
EngineeringProfit
I love your business model.....
.....invest long.....
2020-07-09 22:16