later will green green again one trust me....faster buy is your last chance

Josephlee when dip just buy doesn't matter as the value is more than RM10

Long time never come back here, wow this mf is here also

207k cases x 2 pcs of gloves, that's a lot of consumption daily

very fast will be green, trust me

Folks, Hartalega's CEO will be on CNBC interview this Friday 5.30pm hehehe

Brazilian President Jair Bolsonaro has tested positive for coronavirus after months of flouting social distancing guidelines. More than 65,000 people have died of the virus in Brazil, according to the country's health ministry. CNN's Bill Weir reports

Invest89 then tmr u get 10.88 lo...

11.88 & 12.88 soon

Abalone dinner tonight

Latest Cimb revised capping:

TOP gloves $15
Supermax $7.00
Harta $11.00
Kossan $ 7.50
Comfort $3.00
Ruberex $2.50

Aiyo still green green after 4pm, how come?

aiyo why so fast rebound

Monetary now is 2 in 1, washing machine and dryer together hehehe

No 'sell' calls although target prices exceeded

Of the big four glove makers covered by analysts, none have any "sell" calls currently, although share prices have exceeded some of their target prices.

https://www.klsescreener.com/v2/news/view/698751

Faster buy lo....

https://www.klsescreener.com/v2/news/view/698867/%E5%9B%9B%E5%A4%A7%E6%89%8B%E5%A5%97%E8%82%A1%E5%86%8D%E5%88%9B%E6%96%B0%E9%AB%98

Kenanga given TP14, all getting higher and higher, hold tight the tickets fly to the moon

CannnieST u go and push it until 11 lo....

u see MF also ask u to buy now

OBM leads the way. Supermax has its own distribution network to further establish its OBM, thus creating downstream value. This should translate into better operational margins even when earnings normalise. The distribution network was previously plagued by teething operational issues which crimped margins with suboptimal utilisation rates. Apart from superior margins, demand arising for Supermax’s branded gloves could be more resilient as gloves are largely a commoditised product.

Buy............

Shines Bright Like A Diamond
Against the backdrop of unmet burgeoning glove demand, Supermax is well positioned to be the best beneficiary of record high ASP hikes. Its OBM and distribution network are the envy of the industry. To top it all, this coincides with its timely yet aggressive multi-year expansion, outstripping its peers. With all these positives and consistent execution, Supermax should narrow its deep discount to comparable peers. Initiate coverage with BUY and target price of RM12.40. FROM UOB KAY HIAN

ya dun up anymore, its enough for today

Harta pls move, comfort top 3 mover how come harta no 4? No way....

Those dun want to hold will cry later at 12, 15 & 18 level haha

I thought flying to the moon only, now flying to where i also dunno

Now next one Harta....RM17 or RM18?

TG RM20, u all can take it? RM30 is not a dream

TG 19.80, RM20 then all will follow to fly further

now is TG turn, heading towards RM20

0.02 jump now, let's go vroom....

See u all at RM10 folks, TOPGLOVE up up up

u see this stupid

hit RM10 we cut newbieinshare, u no need to cut yourself

very bullish...mad bull...

Sure hit RM10 already

This hng33 should drag him out and beheaded

Today can hit RM10?

i can't paste the link here dunno why? So you all can go to TOPGLOVE there and see the contents

2. So what will this translate to the DEMAND for GLOVES ?

There are already multiple report and analysis from local institutions (kenanga, macquarie, maybank etc) and overseas institutions (marketwatch, nikkei, financial times etc) which have noted and are well aware of the SUPER NORMAL DEMAND for rubber gloves in MEDICAL FIELD
Not only in the medical field, it is also noted that other industries (F&B, Industrial, Services etc) are also pouring in requests for Nitrile gloves which are less allergenic compared to Latex gloves.



3.Malaysia Glove Industry Big 4 ( Hartalega, Topglove, Kossan, Supermax)

Malaysia supplies more than 60% of the world demand, given this situation the industry players especially the big 4 of the industries are well positioned to gain ENORMOUS benefit from this demand as we noted the below positive points :
CAPACITY INCREASE
Topglov estimated annual production of 78billion gloves in 2020
Hartalega estimated annual production of 40billlion gloves in 2020
Kossan estimated annual production of 32billion gloves in 2020
Supermax estimated annual production of 26.2billion gloves in 2020
AVERAGE SELLING PRICES
From our trusted internal sources
Most company ASP are up by 5-15% month to month basis since May 2020
Spot order price soars as much as USD170 per carton
TECHNOLOGY
Malaysia glove industry are the world most advanced compared to other country piers, providing a consistent and reliable quality glove which have slated our industry players the major suppliers to USA and EU.
EXISTING PRESENCE IN THE MARKET

Hartalega
A possible full year EPS of RM0.92 coupled with :

PE25 a possible share price of RM23.00
PE30 a possible share price of RM27.60
PE35 a possible share price of RM32.20

Topglove
A possible full year EPS of RM1.18 coupled with :

PE20 a possible share price of RM23.60
PE25 a possible share price of RM29.50
PE30 a possible share price of RM35.40

What's the fair value then?

Our top picks are still TOGLOVE & HARTALEGA,Why?



THE RELATIONSHIP BETWEEN AVERAGE SELLING PRICE (ASP) AND PROFIT MARGINS

ASP is the single most important factor boosting the current glove industry into the next level.
Many do not understand how this works, thus giving and example below :

Assuming a company produce 1billion gloves and are able to generate a sales of RM100 million (RM0.10 per glove ASP) and an average cost of RM90 million, the company will gain a net profit RM10 million (RM0.01 per glove)

Just by a mere increment of 30% ASP, the same company generating 1billion gloves will then be able to generate a sales of RM130 million, however the cost is still fixed at around RM90 million and giving the company a net profit of RM40 million with is a tremendous 300% gain.

Knowing this, if the ASP continue to rise, can you imagine the impact to their financial bottom lines?

No bkt from now on

https://www.nst.com.my/news/nation/2020/07/605246/swine-flu-detected-malaysian-livestock

Harta also touched 16, TG 20 very soon, Supermax RM12

U all should thanks to Donald Dump making this hahaha

Let them alight the train, we will go further with superman