https://www.thestar.com.my/business/business-news/2020/08/24/kenanga-investment-2q-net-profit-surges-to-rm2046m

Where did you get this info GiantPanda?

(another 120 million PAT was not captured in time for the 2020Q4 result, otherwise will be RM 520 Million!!!!!)

Yes, we are just sharing facts for everyone to be better informed, as usual, everyone should DYOR (do your own research).

i think we can all agree that US and Europe - with four seasons and high labour cost - will not be able to compete with Malaysia.

Again, was just replying to the CGS-CIMB piece you posted on China capacity expansion, to be honest, have not looked into US and Europe glove manufacturers, maybe you can do that and let us know.

Mikecyc to be fair here's the additional analysis piece:

https://www.klsescreener.com/v2/news/view/693585/ramp-up-in-china-nitrile-glove-output-not-a-threat

According to CGS-CIMB, domestic glove makers have greater technological advances in the industry, cost advantages as well as better production quality when compared to China-based players.

“Besides higher labour costs, natural gas prices are higher in China versus Malaysia.

“The consumption of natural gas to manufacture gloves in China, which makes up 10% of total cost, is also higher due to weather conditions (four seasons).

“Additionally, China has in the past had issues with natural gas shortage, which may lead to quality issues and production disruption, ” said CGS-CIMB in a sector note.