They want to press down coz got one more warrant expiry

Just buy when it dip, that's it. Even this qtr no good also can buy now for next few quarters are confirmed to be good. However this quarter it will be good also. Just that people want to collect cheap.

KUALA LUMPUR/SINGAPORE (Feb 6): Lim Wee Chai heads the world’s biggest glove-maker, with 43 factories that can churn out 70.5 billion pieces every year. The coronavirus is putting those facilities to the test.

 

“We have seen a surge in glove demand, especially from China, Hong Kong, Singapore and Taiwan,” said Lim, the 62-year-old founder and executive chairman of Malaysia’s Top Glove Corp.

 

“Over the past week, the total sales orders received are equivalent to more than double our usual sales to China.”

 

The outbreak has killed almost 500 people and spurred a rush for protective gear, with stores running out of surgical face masks and hand sanitizer. Top Glove, which Lim founded in 1991, now expects sales will climb 25% this year, up from an earlier forecast of 10% to 15%.

 

Shares of Top Glove have gained 20% this year, lifting Lim’s net worth to $1.1 billion, according to calculations by the Bloomberg Billionaires Index, which excludes the value of his pledged shares.

 

Malaysian manufacturers supply more than 60% of the world’s gloves and have said they plan to donate 18 million pieces of medical gloves to Wuhan, the epicenter of the crisis where local hospitals are appealing for additional protective medical supplies including masks and suits. Top Glove alone has pledged to donate 3 million pieces, with 1.3 million already shipped,

and Lim said he’s confident it can meet future demand.

 

“We are pleased to be in a position to help protect and save lives, and are able to ramp up our glove production to ensure we are able to cater to the surge in demand when the need arises,” he said.

 

Alan Lim, an analyst at RHB Research Institute, raised his recommendation on Top Glove to buy from neutral in a Jan. 23 research note, based on expectations for an increase in long-term demand for gloves because of the virus.

 

Top Glove isn’t the only gainer. Heightened concerns over the virus have also boosted the shares of Malaysian competitors including Hartalega Holdings Bhd. and Supermax Corp.

 

 - Bloomberg

KUALA LUMPUR/SINGAPORE (Feb 6): Lim Wee Chai heads the world’s biggest glove-maker, with 43 factories that can churn out 70.5 billion pieces every year. The coronavirus is putting those facilities to the test.

 

“We have seen a surge in glove demand, especially from China, Hong Kong, Singapore and Taiwan,” said Lim, the 62-year-old founder and executive chairman of Malaysia’s Top Glove Corp.

 

“Over the past week, the total sales orders received are equivalent to more than double our usual sales to China.”

 

The outbreak has killed almost 500 people and spurred a rush for protective gear, with stores running out of surgical face masks and hand sanitizer. Top Glove, which Lim founded in 1991, now expects sales will climb 25% this year, up from an earlier forecast of 10% to 15%.

 

Shares of Top Glove have gained 20% this year, lifting Lim’s net worth to $1.1 billion, according to calculations by the Bloomberg Billionaires Index, which excludes the value of his pledged shares.

 

Malaysian manufacturers supply more than 60% of the world’s gloves and have said they plan to donate 18 million pieces of medical gloves to Wuhan, the epicenter of the crisis where local hospitals are appealing for additional protective medical supplies including masks and suits. Top Glove alone has pledged to donate 3 million pieces, with 1.3 million already shipped,

and Lim said he’s confident it can meet future demand.

 

“We are pleased to be in a position to help protect and save lives, and are able to ramp up our glove production to ensure we are able to cater to the surge in demand when the need arises,” he said.

 

Alan Lim, an analyst at RHB Research Institute, raised his recommendation on Top Glove to buy from neutral in a Jan. 23 research note, based on expectations for an increase in long-term demand for gloves because of the virus.

 

Top Glove isn’t the only gainer. Heightened concerns over the virus have also boosted the shares of Malaysian competitors including Hartalega Holdings Bhd. and Supermax Corp.

 

 - Bloomberg

Now all so optimistic here, good haha

Luckily I didn't wait I grab also 1.68

Another sell down wave come again so can shake again. Its very exciting and keep buying low

Yalo I q 1.63 I went to changed it to 1.60 I thought can get who knows 1.61 only... Nvm I q again at 1.62 now

Aiyo I not manage to get as I have changed my q for today

I want to buy faster come down to 1.60

Before result releasing usually its like that drop like hell

Yes we know what is value investing

Tmr sell some more pls... Happy to see red again

Aiya I didn't collect today leh bro

Tmr I just add then hehehe

Got fren working in glove companies, big orders received. If u all think is sochai, let's see

Pang72 dun leh I queueing at 1.63 now, after this then over ok

Tumble again pls fast fast

Got one warrant expired this mth end that's y

Hehehe faster drop I want to buy

Give 18 mils u can get 12 billions of extra sales, u all dunno maths?

They all very funny said give free gloves no orders, I cannot stop laughing.

Can come down more to 1.60? I want to collect more

Ahbah, we need those people

Hangzhou and Taizhou far from city locked down

If any IB here want to sell down just sell

Yes u r right Pang72, I collected from 1.30. Why scared?

Yes very attractive

Supermax next earning result around 17-19 Feb

U r right as that its basic

Happy to see u rr88, coz when u r out it will be green like hulk haha

https://www.klsescreener.com/v2/news/view/631602

Becoz got warrant expired in Feb lo

Haha ya new low... Lou ya...

Bases on health authority said 10,990 patients have been hospitalised in Hubei, including 576 who are in critical condition. Source from CNN

Chinese said small money dun go out, big money won't come in.

More noise it's better means it will go up usually

If he join this boat, dayang might be dropping. U all watch out lo...

Uncle YY is good when u r faster than him, that's simple hehe

Plus one thing when YY uncle said something negative on it as he did not buy and want to buy it low. If those believe him sure Holland...

Pang72, yes I am a long term holder for glove. I did collect again at 1.71 today too. Those sold already have been washed out by BB sadly.

Why today dun drop till 0.68 I want to buy, now have to buy 0.70

Pang72 u r absolutely right, just 100% we are not greedy.

If u got see news, margin is higher now compare to few years ago

Cccc I dun care who u r, this is free forum for us to comment our thought and provide correct information

Yes 2020 will be the glove counter year

Not only that, u believe the number of deaths that so little? They sure cover up and figures not only so little.

Sanitizer the more u use your skin will dry and thinner so use glove safer. Got fren back from guangzhong, staffs in airport all wear mask and gloves

The news said 100% but 50% already 5-6 billions gloves. If 100% u can imagine?

Pang72 I bought already just now