Brenda Smith of US CBPtrade retires today.
Same day she issued a finding on convict labour, etc. on gloves & TG.
I wonder what's the issue here?
Certainly, it has nothing to do with forced labour.
I work and live in Malaysia...
I would know if there's forced labour in Malaysian factories & plantations or not.

If you're in the glove bizness, you will know that the payback period for a glove factory investment is 6 MTHS.... there is where you put your money!
Not in Airlines, Banks or Casinos

China vs USA continues...
CICC IB vs JPM IB
Slow CASH vs FAST n MORE cash
Slow expansion vs Fast expansion
Malaysia glove Champion vs World glove Champion
Malaysia Best vs World's Best

Someone suggested that we vaccinate the MPs first as they are the frontliners in an Election campaign and also they need to meet their constituents frequently?

or Maybe we should also vaccinate the Malaysian top labour officials as frontliners as they will be soon checking the infected dormitories of foreign workers, even before the workers are tested ?

Details on Moderna’s vaccine:
The experimental vaccine, called mRNA-1273, is based on messenger RNA (mRNA) technology, which relies on synthetic genes that can be generated and manufactured in weeks, and produced at scale more rapidly than conventional vaccines. Pfizer’s vaccine also uses mRNA technology.

Malaysia are leading WORLD BEST at :-

1. GLOVES medical
2. PALM OIL Management
3. DURIANS MusangKing

Also, Michelle Yeoh is one of Malaysia's World Best..... and you're not encouraging her to stay

Do Singapore penalise the employers on foreign workers dorms?
Do South Korea sue the Christian churches for spreading Covid?
There is no statistical correlation between high covid cases and people living below minimal standards of housing.
Hong Kong people living in VERY close quarters... do they have high incidence of covid cases?
USA and Europe has the highest numbers of covid incidence.... Do they have poor standards of housing?

This is a COVID-19 pandemic... and it spread by the first infection, then close contact and communal lifestyle.

Covid infection is NOT related to standards of housing.

Every country has its Immigrant labour issues and problems that cannot be resolved overnight.

All Malaysians need to rally to instill Confidence in Gloves and Investment.

There are only 3 items that Malaysia are leading WORLD CLASS at :-

1. GLOVES medical
2. PALM OIL Management
3. DURIANS MusangKing

Pls do not let the naysayers drag it down....

It is well known that Covid incidence is highly prevalent for those whose lifestyle is communal living or those who socialise in close quarters like in navy ships, cruise liners, tabligh & Church clusters or living in dormitories.

Singapore had its 1000s covid cases in a day all from foreign workers dormitories many months ago. Malaysia had COVID cases from tahfiz dormitories too.

Do Singapore penalise the employers on foreign workers dorms?

Do South Korea sue the Christian churches for spreading Covid?

There is no statistical correlation between high covid cases and people living below minimal standards of housing.

Hong Kong people living in VERY close quarters... do they have high incidence of covid cases?

USA and Europe has the highest numbers of covid incidence.... Do they have poor standards of housing?

Pls do not jump the gun but think clearly before proceeding further.

This is a COVID-19 pandemic... and it spread by the first infection, then close contact and communal lifestyle.

Covid infection is NOT related to standards of housing.

Pls do NOT point >>>>>> just at TGlove, TGlove, TGlove

Every country has its Immigrant labour issues and problems that cannot be resolved overnight.

https://www.standard.co.uk/news/uk/holiday-quarantine-cut-uk-negative-test-travel-news-b77476.html

https://www.independent.co.uk/travel/news-and-advice/covid-quarantine-test-holidays-travel-b1760717.html

Why quarantine foreign workers who tested negative another 14 days? Just do more tests if you are not sure. Quarantine workers, closing shops and stopping factories for 2 weeks are like pressing brakes all the time on the recovery of the Economy.

When you do not have enough test kits, then you can quarantine for 14 days for observations. These days we have plenty of test kits, just not enough clear thinking .....

https://www.malaymail.com/news/malaysia/2020/11/28/windfall-tax-will-send-wrong-signal-to-investors-says-tengku-zafrul/1927036

The new Finance Minister understands bizness sense better than Tun, LGE & Saddiq put together.... and it's about time that Finance Minister should always be a ex-banker or finance savvy person, not politicians

https://www.malaymail.com/news/malaysia/2020/11/27/under-covid-spotlight-top-glove-sets-dec-target-to-improve-worker-accommoda/1926598


I read that TG's factory workers housing in Tasek, Ipoh does not meet the requirements of Minimum Standards of Workers' Housing & Amenities Act, according to the Labour Dept ? Even though they lived in double storey link houses with Astro dish in every unit ?
In Hong Kong's low cost housing of 300 ft2 apartment, the average is 100 ft2 per person.
A double-storey link house in Tasek is about 2000 ft sq, so a max of 20 people can stay in.

Have the Labour Dept made a comparison study of foreign workers housing requirements & standards in all the different industries like the plantation, construction and factory workers?

If you are not ready, do not open up the can of worms of foreign workers' minimum standards of housing, working conditions, health, safety & Insurance, basic wages, contractual obligations, etc....

Hong Kong has yet to solve its minimum housing requirements for it own citizens....

Dear DickyMe,

Each time I read the I3 forum on Topglov, without fail I see you posting RM4 is coming.
I feel sorry for you and not sure whether you need to attend some counselling sessions.

But you seem to be of sound mind from your other posts. Perhaps, it's just a minor case of split personality syndrome. On the other hand, you may be begging for the shr price to drop to RM4.
If you're begging, I'm willing to contribute RM4 to you... I'm sure others in the I3 forum feeling sorry may also RM4. With this crowdfunding, we may be able to get you some RM5000 or more for you to buy some glove shrs like ruberex, comfort, carepls or mahsing.

So, would be kind enough to post your name & bank account so that we can put you in a positive state of mind to share in the glove venture.....

yttihs can you kindly add me into the private group chat please? thanks

My guess is that the premium prices on spot orders and the upfront deposits paid by buyers for their advance orders can add millions to the net income each qtr. This will be the surprise factor!

UK introduced the Modern Slavery Act in 2015, followed by Australia in 2018 ....

Perhaps, Malaysia & Thailand can consider introducing the Modern Extortion Act to prevent bloggers exploiting the migrant workers situation?

The migrant workers exploitation started in 1900's when the British first 'moved' (not trafficked) migrant Indians/Chinese to work in rubber plantations and tin mines when tin was discovered in 1870. It was to improve the country's Economy and increase productive employment.

Andy was forced to leave Thailand at the end of 2016 following new criminal prosecutions launched against him as a result of his campaigning to improve migrant worker conditions in the Thai poultry export industry.

Andy now lives in Nepal and is focusing on promoting ethical recruitment of migrant workers in Asia.

Malaysia and Thailand who employed foreign labour workers in factories, plantations, etc. need to watch out for this so-called foreign labour Activist, Andy Hall with Paypal or International Bank account for you to donate to... https://andyjhall.wordpress.com/

He has been highlighted by Topglov Chairman as the saboteur. He has several court cases with Thailand's National Fruit company in the past on migrant labour issues and is considered Persona Non Grata in Thailand.

Recently, he has tweeted about a Malaysian beating up a Nepalese security guard without checking that the beater is the Nepalese supervisor. He hasn't got the facts on the ground but tend to write or tweet online of migrant labour abuse. see tweet https://twitter.com/Atomicalandy/status/1288999377873203200

I hope the HomeMinistry can put him on the watchlist. I believe he has moved from Thailand to Nepal. I'm also watching him as s***stirrer

Shortage of gloves has started in .....
https://www.washingtonpost.com/health/2020/07/08/ppe-shortage-masks-gloves-gowns/

Dear rr88,
You've made my day.... I'm glad you have said something positive and comforting...

"A breakout above 4.20 will take it to 4.20 + (4.20 - 2.97) = 5.43 +/- 10 cents. It will get there in waves. Once you manage to catch it, ride the waves up."

tqVM

Dear rr88,
I don't you but I need to say this to you politely.
You shouldn't be calling everyone... monkeys.
It's just simply unbecoming of you to simply keep badgering for no particular reason or sense.
if you still continue to do, I can only conclude that you need help or some counselling.
I sincerely hope I've not offended you but we need you to respond more positively if you wish to write in this forum. If you see any sign of fraudulence in the directors or Management of the listed company, you can say your piece but do write your rationale to support it.
We are all playing in the same game and they are many players with their own skills & style.
if you think you are the real sifu with a special skill... show us.
Earn my respect and I'll listen to you... whatever it is, you need to earn it.

A good carpenter need to use many tools, not just always use a hammer..

Comfort latest qtr ending Jan 2020 earned 2 sen/qtr and TopGlov for past 6 qtrs averaged 4 sen/qtr. Why people buy Topglov shr at RM13? Any big difference in glove prices and Mgt in all the glove companies ?

Topglov bot Aspion for RM 1.3 B. and then sue for RM700 M. becos of over valued by RM640 M. ... TPG mgt may need provision for poor due diligence
https://www.theedgemarkets.com/article/top-glove-aspions-price-tag-overstated-rm6405m

why convert Warrant-B at 54 sen?
Better to sell Warrant-B at 24 sen and add 44 sen to buy mother shr at 68 sen - still got 10sen to spend

substantial shareholder of Petra is OBYU Holdings https://klse.i3investor.com/insider/substantialShareholder/5133/29-Aug-2018/437414_1163006127.jsp
OBYU is implicated in 1MDB seized assets https://www.theedgemarkets.com/article/obyu-holdings-denies-interest-seized-assets-related-1mdb-sought-govt

Difficult to do business if you're in the wrong team....
Only hope is to wait for takeover by PNB's Sapnrg or Valesto

For the O&G Services sector, Carimin is a safe bet better than Dayang or Petra. Dayang may impair the Rm 650 M under their Goodwill asset. Petra has Bustari (Shorefield Resources) as co-owner whose Pan Borneo Highway project was just taken away by Putrajaya today

Is the Goodwill Rm 653M (investment in Perdana Petroleum) be an issue for impairment?

Nizam Razak is a major shareholder as in latest AR

Main Shareholders like Mokhtar Hashim, Platinum Castle & Lim Yew Hoe have not really sold down their main stake In Carimin. Their shareholdings as at 31 Dec 2018 (FY18 AR) and at 5 Mar 2019 are almost similar. Some major shareholders do trade in the stock in the past months - I wonder how frequent they can trade before you can consider it as irregular. Certainly if you are inside the company, you will always have the advantage and the privilege..........unless a code of ethics is drawn out for directors, ex-directors & senior Management. For a start, an advance notice of 2-3 months should be mandatory if any director wish to up their stake or draw down their shareholdings.

“Dayang Enterprise Sdn Bhd and Petra Resources Sdn Bhd are established corporations of which Sarawakian individuals have substantial interests, though a brother of the ex-Prime Minister Datuk Seri Najib Tun Razak was also made a director in Petra Resources very recently.”
Petronas awarded contracts for the provision of maintenance, construction and modification services (MCM) at its offshore facilities in Peninsular Malaysia, Sabah and Sarawak on Jan 16, 2018 to several companies..... read Borneo Post online.

Will the new Petronas Board or Mgt review this contract... any one's guess?

Indonesia's palm oil inventory stocks now almost similar to Malaysia...
http://www.palmoilanalytics.com/article/5c5cd397aa3172b0273d4499

Massive spike of palm olein exports to India for Malaysia....
http://www.palmoilanalytics.com/article/5c524468eb3d03736caa975f

Worldwide, demand for palm oil continues to rise. India uses the most, 17 percent of the global total, followed by Indonesia, the EU, and China. The United States currently ranks eighth. In 2018 global consumption is expected to reach 65 million tonnes, or roughly 9 kilograms of palm oil per person.

CS, I guess you like cars for poorer people. I like palm oil as it feeds cars and poorer people.

The growth industry is no longer the auto industry whether it's in Malaysia, EU or China.

The next growth story is coming from India.
The top 10 fastest growing cities in the world for 2019-2035 are in India ... https://economictimes.indiatimes.com/news/economy/indicators/india-claims-top-ten-in-list-of-worlds-fastest-growing-cities/articleshow/66963987.cms

India's annual consumption of palm oil has increased from 5.7 M t in 2009 to 10.6 M t in 2018.
Also, India relies on imports for 60-70% of its edible oil consumption.
Import duty for refined palm oil in India is currently 45% compared to 54% earlier and this may reduce further as it will benefit India's consumers.

Urbanisation of farmers to Indian cities has translated to GDP growth and this will accelerate increase in employment and consumption.

Indonesian palm oil stocks plunging....
Indonesian year-end stocks are seen plummeting by 6% to 3.650 million tons in December to the lowest in 9 months in response to lower production and unchanged domestic consumption in the country, according to median estimate from Bloomberg survey of analysts, refiners and plantation executives. Production is estimated to have fallen 7% to 3.870 million tons, also the lowest in 9 months and dipping below the 4 million ton mark for the first time in 6 months.

Re: Kenanga's small picture ... In FY20, production yields are expected to improve as c.1,000 Ha comes into maturity. Maybe should look closer at the big picture that the Indon 23,730 Ha that was stated as immature palms in FY13 will eventually be classified as prime palms (8-10 yrs old) to contribute the bulk of production.

Whatever it is, there is a big risk in this counter and in the gulf countries... the risk of hostilities may trigger the risk of war... http://www.aljazeera.com/news/2017/06/sigmar-gabriel-gulf-crisis-lead-war-170610204151829.html