Inflation is here. ASP also increased significantly.

https://focusmalaysia.my/is-there-double-standard-in-cbp-treatment-of-supermax-and-top-glove/

The world might need two to three years to reach herd immunity against COVID-19 through vaccination, China's top respiratory expert Zhong Nanshan said on Thursday at the Science Council of Asia Conference in south China's Guangzhou City. 

He added that it will only be attainable with global cooperation.

Selamat Hari Raya Aidilfitri

https://www.channelnewsasia.com/news/singapore/ttsh-covid-19-cluster-b16172-variant-vaccination-gan-kim-yong-14786206

Dr Rajendra Kapila, Infectious disease expert with Rutgers University was visiting India due to his father in-law's poor health. He got infected with covid and died yesterday in India. His friends here are sad and in disbelief how quickly he passed away. Apparently, he had both shots vaccines here before he left for India. Irony is he was infectious disease doctor.
So sad to know this. Looks like the vaccine may not be as effective with the new variants.
After two Pfizer vaccines shots in US , this doctor travelled to india to see his parents and succumbed to Indian variant

Last year 2020, there was no vaccine and many people died. 2021 have few vaccines but more people died in the same March - April period. The roll out vaccine is slow, will take years. Hence, glove demand will increase even in 2023. ASP will not drop off a cliff even though production increases. Top Glove will be able to maintain its high profitability for next 2 years.

This is politics of US. US dont want China to be no. 1. US dont want Huawei to be No. 1. US dont want TG to be No. 1. US just attack Huawei and not Xiaomi nor Vivo. US just attack TG and not the rest of glove companies. In political war, need to hit the No. 1, dont need to hit all. TG market in US is gone, extremely hard to recover. TG needs to automate and focus on other market outside US. This is China strategy like in the US-China trade war.

All glove counters are down. So is Bursa. Wnen glove counters are down so is the whole market. When TP is 3.50, Bursa will be 1,200 as well. Then all malaysians will be sad

Malaysia 2 largest export sectors owned by malaysians; Oil palm and rubber gloves are being sanctioned by the west. These 2 industry expanded during pandamic. This tactic is to destroy the malaysian economy until we become a pariah country. Only the semi conductor industry owned by FDA is allowed to export.

FORMER Prime Minister Datuk Seri Najib Tun Razak urged the Government not to take the US clampdown on Top Glove Corporation Bhd’s (top Glove) products lightly as it would be detrimental to the nation’s economy.

“The order given by the US authority is huge as Top Glove is the world’s largest glove manufacturer, worth about RM20 bil to date.

“What I’m worried about is sooner or later, nations allied to the US will also block products from Top Glove.

“So far, the US has already blocked products from other Malaysian companies such as Sime Darby and Felda Global Ventures (FGV),” he said, in a Facebook post.

It is odd that USA can find forced labour in glove company while we malaysians dont even notice it in malaysia. Activists are paid by CIA to destroy malaysian economy. No foreign labour to build our skyscrappers, harvest our oil plantation, etc.

Listing on HK will give a more stable price in the long term. Easier to compare Intco vs TopGlove and investors will chose a company not affected by US vs China trade war.

Doubling production is a business strategy to deter competitors from expanding. Being no. 1 is the best for market domination. It is about marketing and market share. When ASP price goes up, difficult to come down as public is used to the current price. Even when fierce price war break out in 2 years time, the biggest company will remain standing

Fantastic quarter results next week

Prior to dividend announcement, AA was about RM 2.45 and went up to 2.85 until ex dividend. AA 2nd quater is about the same as 1st quarter. Revenue is expected to hit RM 3 billion for the first time and net profit is around RM 100+ million as the fuel price is about the same in last 6 months.

So AA will rise up to RM 2.20 to RM 2.40 by end of august 2019

If the AA close around 2.90 on 29.7.19, the price will be 2.00 on 31.7.19. The price at 2.00 looks cheap and new buyers will come in and price will go up to 2.20 to 2.30 by end of August 2019. Hence, there is appreciation of 10 to 15% within next 4 weeks