Investoz88

Investoz88 | Joined since 2021-05-24

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Stock

2022-09-23 12:32 | Report Abuse

The ASP is the key for real reversal i think.
Once ASP can move up, the rev and margin will increase.
Analysts will start repricing TP....

Stock

2022-09-23 11:54 | Report Abuse

Top glove started to increase ASP5%.
All the glove companies just need to announce one by one that they increase ASP. Distributors will start to panic and restock again..
The higher price can be reasonably passed to consumers as inflation is real. Just check around.....

Stock

2022-09-23 11:51 | Report Abuse

The glove companies just need to annouce one by one that they increase ASP. Distributors will start to panic and restock again.. The higher price can be passed to consumers as inflation is real. Just check around.....

Stock

2022-09-23 11:31 | Report Abuse

Increase ASP, sell less but make more. The global suppliers of 65% can make it happen.
No brainer.. let the chinese make more losses if they are still there.

Stock

2022-09-23 11:26 | Report Abuse

Top glove announce 5% increase in ASP.. what do you think the other companies will do?
Follow price up or still sell at same ASP and make more losses??
The reverse should be coming i believe.

Stock

2022-09-21 13:30 | Report Abuse

From news report about Top Glove..
In October, Top Glove hiked its selling price by 5 per cent. We need an initiator to start raising prices, he added, noting that other players might follow suit and increase prices as well. He added that the company did face some resistance from its customers after the price increase.
For now, Top Glove does not have plan to raise funds from markets, said managing director Lim. He noted that the group also has banking facilities that it can draw on if there is a need .

A company spokesperson told The Business Times that the company upward price revision, declining raw material prices and a stronger US dollar will help the group return to profitability. ASPs are bottoming out, and there should be no need for further writedowns if the price continues to stabilise. Hence, we should see an improvement next quarter the spokesperson added.

Supermax and the other gloves companies MUST increase ASP to reverse the down trend.. Period.

Stock

2022-09-21 13:17 | Report Abuse

All the big 4 need to increase ASPs.. Otherwise, no end to losses qtr after qtr.

Stock

2022-09-21 13:16 | Report Abuse

From news report..
In October, Top Glove hiked its selling price by 5 per cent. We need an initiator to start raising prices, he added, noting that other players might follow suit and increase prices as well. He added that the company did face some resistance from its customers after the price increase.
For now, Top Glove does not have plan to raise funds from markets, said managing director Lim. He noted that the group also has banking facilities that it can draw on if there is a need .

A company spokesperson told The Business Times that the company upward price revision, declining raw material prices and a stronger US dollar will help the group return to profitability. ASPs are bottoming out, and there should be no need for further writedowns if the price continues to stabilise. Hence, we should see an improvement next quarter the spokesperson added.

Stock

2022-08-08 10:29 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.

MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.

Spring comes after the winter...

Stock

2022-08-08 10:27 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.

MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand...

Stock

2022-08-08 10:24 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.

MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.

He explained that MARGMA’s initial forecast on global glove demand had taken into consideration the potential risk from the outbreak of the Omicron variant.

“Now we find most of these [risks] have come under control. That’s why we need to reassess the numbers,” said Supramaniam.

He was speaking at the press conference on Wednesday (Aug 3) in conjunction with the memorandum of understanding (MOU) signing ceremony for the upcoming 10th International Rubber Glove Conference & Exhibition (IRGCE).

MARGMA and the Malaysian Rubber Council, which will jointly host the IRGCE, had signed the MOU with 18 key sponsors of the IRGCE on Wednesday.

Supramaniam said Malaysia, which produces an estimated 240 billion pieces of gloves in 2022, is expected to command a 65% share of the global rubber glove market, followed by China (20%), Thailand (10%) and Indonesia (3%).

In line with the decline in global demand this year, MARGMA projects that the export value of rubber gloves from Malaysia would drop by 58% to RM23.10 billion this year, from RM54.81 billion last year and RM35.26 billion in 2020.

Nonetheless, MARGMA foresees that the export value for rubber gloves from Malaysia would grow 10% annually from 2023 onwards.

“Glove manufacturing will still be a profitable business, bearing [in] mind, in normal conditions, its (annual global demand) growth is about 15%,” said Supramaniam.

Nonetheless, Supramainam expects the outlook of the Malaysian glove industry to be tough in the next six- to nine months, in terms of production capacity utilisation and glove average selling prices.

“Supply pipeline has sufficient gloves. Upon (supply-demand) equilibrium, players will expand only to the tune of demand growth,” he said.

Supramaniam also updated that MARGMA members have so far automated about 85% of their glove production operations, and that it will take them another three- to four years to automate 95% of their operations.

“The last mile is very important and we are investing continuously to achieve that. One of the examples we like to use is 10 years ago, we needed 9.7 workers to produce one million pieces of gloves. Today, to produce the same [number] of gloves, we need 1.7 workers. So, we will continue to automate,” he said.

Stock

2022-07-29 10:03 | Report Abuse

Tokyo's new COVID-19 cases hit a record high of 40,406 on Thursday, surpassing 40,000 for the first time, with health experts urging "maximum vigilance" as the country continues to struggle with its seventh wave of infections.

Japan reported 233,100 daily coronavirus cases the same day, hitting a new record for the second consecutive day, raising concern about the strain on the medical system as the number of available designated hospital beds continues to decline.

The daily figure in the capital was up by about 8,500 from a week before, and comes after daily COVID-19 cases hit a record high of 209,694 on Wednesday.

Stock

2022-07-29 09:40 | Report Abuse

BEIJING – China could face more than 630,000 COVID-19 infections a day if it dropped its zero-tolerance policies by lifting travel curbs, according to a study by Peking University mathematicians.
In the report published in China CDC Weekly by the Chinese Center for Disease Control and Prevention, the mathematicians said China could not afford to lift travel restrictions without more efficient vaccinations or specific treatments.

Using data for August from the United States, Britain, Spain, France and Israel, the mathematicians assessed the potential results if China adopted the same pandemic control tactics as those countries.
China’s daily new cases would reach at least 637,155 if it adopted the United States’ pandemic strategy, the report said.

Stock

2022-07-29 09:36 | Report Abuse

Tokyo's new COVID-19 cases hit a record high of 40,406 on Thursday, surpassing 40,000 for the first time, with health experts urging "maximum vigilance" as the country continues to struggle with its seventh wave of infections.

Japan reported 233,100 daily coronavirus cases the same day, hitting a new record for the second consecutive day, raising concern about the strain on the medical system as the number of available designated hospital beds continues to decline.

The daily figure in the capital was up by about 8,500 from a week before, and comes after daily COVID-19 cases hit a record high of 209,694 on Wednesday.

Stock

2022-07-29 09:34 | Report Abuse

Tokyo's new COVID-19 cases hit a record high of 40,406 on Thursday, surpassing 40,000 for the first time, with health experts urging "maximum vigilance" as the country continues to struggle with its seventh wave of infections.

Japan reported 233,100 daily coronavirus cases the same day, hitting a new record for the second consecutive day, raising concern about the strain on the medical system as the number of available designated hospital beds continues to decline.

The daily figure in the capital was up by about 8,500 from a week before, and comes after daily COVID-19 cases hit a record high of 209,694 on Wednesday.

Stock

2022-07-27 10:15 | Report Abuse

BEIJING: China's central metropolis of Wuhan temporarily shut some businesses and public transport in a district with almost a million people on Wednesday (Jul 27), as the city where the pandemic first emerged raised vigilance after several new infections.

China, heavily invested in its "dynamic COVID zero" policy, relies on mass testing, quick restriction on business activity and people's movements and strict quarantine of cases to block nascent clusters from widening...

Stock

2022-07-25 16:58 | Report Abuse

Results to be out soon.. Boss show card soon!
Ready everyone.

Stock

2022-07-23 12:37 | Report Abuse

If big Boss makes an offer to take company private.. what is a fair price to sell him?
It can happen if cash pile is so huge and still making profits every qtr...

Stock

2022-07-22 09:35 | Report Abuse

Boss bought and bought.. taking company private and keep cash??

Stock

2022-07-22 09:28 | Report Abuse

Just checked. Sgx listed gloves companies running up.

Stock

2022-07-22 09:27 | Report Abuse

More covid cases worldwide reported. More death as well, sad.

Stock

2022-07-20 16:03 | Report Abuse

Market discounted all bad news.. in fact overshot.
Priced below pandemic while companies balance sheet and cash are ath.
Once hear something good, ASP reversal etc.. am sure all counters limit up gao gao.

Dun buy now.. buy when all up....

Stock

2022-07-20 16:02 | Report Abuse

Market discounted all bad news.. in fact overshot.
Priced below pandemic while companies balance sheet and cash are ath.
Once hear something good, ASP reversal etc.. am sure all counters limit up gao gao.

Stock

2022-07-19 12:47 | Report Abuse

China covid will affect productions and overall supply.. correct?
With lockdowns, how they deliver supplies.. correct?
They also create more demand for themselves.. correct?


Ular
Haiyoh China lockdown ke or no lockdown over capacity issue still need to get rid first leh. Need kucing kurup glove maker close shop first leh. Tak tutup shop they will make a comeback if ASP go up again leh. They are like never say die lipas ini macam can survive leh. Haiyoh. Correct?

Stock

2022-07-19 11:31 | Report Abuse

Cash is KING in high interest environment.

Stock

2022-07-19 11:29 | Report Abuse

With Covid still creating havoc, China need more gloves herself.

Stock

2022-07-19 11:28 | Report Abuse

China’s Covid Cases Near 700 as Shanghai Widens Testing
Financial hub to test around 20 million residents this week
July 19, 2022 at 9:24 AM

New Covid-19 cases in China jumped to almost 700, with more infectious strains of the virus continuing to test the country’s hardline approach as outbreaks spread beyond the major cities.
China reported 699 cases for Monday -- the highest daily tally since May 22 -- after recording more than 1,000 infections over the weekend.
Most of the cases are centered in the hotspots of the Guangxi region in the south, which recorded 243 cases on Monday -- taking its total since the outbreak there flared six days ago to 829 -- and the remote northwestern province of Gansu, which reported 231 new infections, taking the number of cases there in the past week to 953.

Stock

2022-07-18 15:14 | Report Abuse

Just read their Qtr results.. cannot be more transparent these days.
So much cash in their banks.. and running a profitable business.

Stock

2022-07-18 15:00 | Report Abuse

Results coming in about 10 days time.
Boss keep buying.. why??

Stock

2022-07-18 14:57 | Report Abuse

Europe shows latest COVID-19 wave is not just a winter thing

London - It may be a long, hot summer but a major COVID-19 surge is sweeping through Britain and Europe, as omicron variants BA.4 and BA.5 reach a peak.
Officials in both London and Brussels late last week began expanding the rollout of a second booster shot.

But the escalating infection and hospitalisation rates have not prompted widespread explicit concern among the public or politicians.
In Britain, the Office of National Statistics estimates that almost 3.5 million people had COVID-19 in the first week of July, a stunning 29 per cent increase from the previous week.
That is one person in every 20. Although that is still below the record of 4.9 million during the March BA.2 tsunami, it is the highest yet recorded for a summer month...

Stock

2022-07-18 14:14 | Report Abuse

SHANGHAI: Several large Chinese cities including Shanghai are on their toes due to new outbreaks of COVID-19 infections, rolling out repeated mass testing or extending lockdowns on millions of residents, with some measures triggering a public outcry.

China has reported an average of around 390 local daily infections in the seven days ending on Sunday (Jul 17), higher than about 340 seven days earlier, according to Reuters calculations based on official data as of Monday. That is tiny compared with a resurgence in other parts of Asia. Still, any flare-up would unnerve local officials, with China adamant in implementing its dynamic "zero-COVID" policy of eliminating outbreaks as soon as they emerge and punishing officials if they fail to do so.

The commercial hub Shanghai, which has yet to fully recover from the harsh two-month lockdown in spring and is still reporting daily sporadic cases, said on Monday it plans to hold mass testing in many of its 16 districts and in some smaller areas where new infections had been reported recently, after similar testing last week.

Shanghai will require residents across nine of the city's districts and some smaller areas to undergo testing for COVID-19 from Jul 19 to Jul 21 in an effort to stem any community spread of the virus, the city government said on Monday. Residents of the districts, which include Xuhui, Jingan and Huangpu, will be required to take two COVID-19 tests over the three-day period...

Stock

2022-07-18 13:26 | Report Abuse

Reversing soon to limit up..

Stock

2022-07-18 11:16 | Report Abuse

Super cheap..
Cash per share is 1.13
Trading 82c
Ppl sell, i buy.

Stock

2022-07-18 11:14 | Report Abuse

SHANGHAI (BLOOMBERG) - New Covid-19 cases in China continued to climb as outbreaks in some regions widened, with the authorities in Shanghai saying the situation in the city remains severe.
The country reported 580 local cases on Saturday (July 16), according to the National Health Commission.
It is the highest since May 23 and a jump from 450 the day before...

When Covid will end in China if zero covid policy continues?
Covid reinfecting in US, Europe, Singapore etc etc..
All know yet ......

Stock

2022-07-18 10:48 | Report Abuse

Boss Lim and his parties can buy out and keep cash..

Stock

2022-07-18 10:47 | Report Abuse

Look at Kossan cash.. Market undervalued this gem.

Stock

2022-07-18 08:41 | Report Abuse

SHANGHAI (BLOOMBERG) - New Covid-19 cases in China continued to climb as outbreaks in some regions widened, with the authorities in Shanghai saying the situation in the city remains severe.

The country reported 580 local cases on Saturday (July 16), according to the National Health Commission.

It is the highest since May 23 and a jump from 450 the day before...

Stock

2022-07-18 08:38 | Report Abuse

SHANGHAI (BLOOMBERG) - New Covid-19 cases in China continued to climb as outbreaks in some regions widened, with the authorities in Shanghai saying the situation in the city remains severe.

The country reported 580 local cases on Saturday (July 16), according to the National Health Commission.

It is the highest since May 23 and a jump from 450 the day before...

Stock

2022-07-15 21:39 | Report Abuse

Big boss Lim buy buy buy.. thanks.

Stock

2022-07-15 13:35 | Report Abuse

The big 4 collectively join hand to stamp ASP drop!!
Less supply output with higher ASP is way to go.

News & Blogs

2022-07-15 11:13 | Report Abuse

Other gloves companies listed overseas incl Singapore, Thai , Australia are moving up..
Why??

News & Blogs

2022-07-15 10:50 | Report Abuse

Easier said than done.
Not easy for chinese companies to fully automate gloves productions.
Their costs could be higher due to more expensive labour, high energy costs and supply chain disruption etc..
Zero Covid strategy is going to hurt them a lot.
Quality is another issue for chinese made gloves.
Thats why they are all making losses.
More and deeper losses if they continue the same path.

Stock

2022-07-15 08:47 | Report Abuse

Vaccine also infected.
Infected also reinfected.
Covid really stubborn.

Stock

2022-07-14 15:43 | Report Abuse

Inflation at all time time high.. Its time gloves manufacturers increase ASP.
USD also will help margins. Cheers

Stock

2022-07-14 15:37 | Report Abuse

Vaccines and previous infections offer NO PROTECTION.
Aiyoh....

Stock

2022-07-14 15:32 | Report Abuse

Hospitals across the country are bracing for another surge in Covid-19 patients as the highly contagious omicron subvariant BA.5 sweeps the nation.
July 13, 2022
By Erika Edwards

“Statewide, we’re definitely seeing an increase,” said Dr. Jeanne Marrazzo, director of the infectious diseases division at the University of Alabama at Birmingham.

In Utah, Dr. Brandon Webb, an infectious diseases physician at Intermountain Healthcare in Salt Lake City, said his health care system has noted a “significant uptick in hospitalizations over the last month.”

Nationwide, hospitalizations have doubled since May, Centers for Disease Control and Prevention Director Dr. Rochelle Walensky said during a media briefing Tuesday. An NBC News analysis found that Covid-related hospitalizations are up in all but four states, with the biggest recent jumps in the South.

The increase is driven by BA.5 and another closely related subvariant, BA.4, Walenksy said. BA.5 accounted for 65% of new cases for the week ending July 9, according to the CDC. BA.4 accounted for 16.3%.

Both subvariants are “more transmissible and more immune evading” than previous versions of omicron. That is, any immunity a person has from vaccination or previous infection may offer little to no protection against what’s currently circulating...


Stock

2022-07-13 17:35 | Report Abuse

A new dominant omicron strain in the U.S. is driving up cases — and reinfections
July 11, 2022 ALLISON AUBREY

For much of the pandemic, the only silver lining to coming down with a case of COVID-19 was that you likely wouldn't catch it again for a while (though there isn't exactly a definitive answer on how long that period of immunity typically lasts).

Increasingly, however, more people appear to be contracting the virus multiple times in relatively quick succession, as another omicron subvariant sweeps through the U.S.

The BA.5 variant is now the most dominant strain of COVID-19 in the country, according to the Centers for Disease Control and Prevention. And while it's hard to get an exact count — given how many people are taking rapid tests at home — there are indications that both reinfections and hospitalizations are increasing...

Stock

2022-07-13 16:40 | Report Abuse

A new dominant omicron strain in the U.S. is driving up cases — and reinfections
July 11, 2022
ALLISON AUBREY

For much of the pandemic, the only silver lining to coming down with a case of COVID-19 was that you likely wouldn't catch it again for a while (though there isn't exactly a definitive answer on how long that period of immunity typically lasts).

Increasingly, however, more people appear to be contracting the virus multiple times in relatively quick succession, as another omicron subvariant sweeps through the U.S.

The BA.5 variant is now the most dominant strain of COVID-19 in the country, according to the Centers for Disease Control and Prevention. And while it's hard to get an exact count — given how many people are taking rapid tests at home — there are indications that both reinfections and hospitalizations are increasing...

Stock

2022-07-08 11:57 | Report Abuse

The World Health Organization says more than 6,000 cases of monkeypox have been reported in 58 countries, with over 80% of the cases in Europe.

The WHO was expected to determine whether to declare the outbreak a global health emergency, the highest level of alert, later this month, Director-General Tedros Adhanom Ghebreyesus told a virtual news conference from Geneva Wednesday.

"I continue to be concerned by the scale and spread of the virus across the world," Tedros said, adding that because of a lack of testing, many cases are being unreported.

The viral infection, which is endemic in Africa, is normally mild and similar to the flu, but can cause skin lesions. The current outbreak began in May. It is unclear what the fatality rate of the current strain is, but previous strains have been about 1%.