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https://edition.cnn.com/2021/11/04/europe/europe-covid-winter-who-projection-intl/index.html

Europe facing 500,000 more Covid deaths by February, WHO warns

Europe is facing a potentially devastating winter that could see half a million people die with Covid-19, the World Health Organization (WHO) warned on Thursday, as it sounded the alarm over a surge in cases and bemoaned stuttering vaccination rollouts on parts of the continent.

"According to one reliable projection, if we stay on this trajectory, we could see another half a million COVID-19 deaths in Europe and Central Asia by the first of February next year," he warned, adding that 43 of the 53 countries on his patch could also see high or extreme stress on hospital beds.
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This signals the arrival of the global 4th wave' projected another 500,000 death in the next 3-4 months in Europe alone. Europe cannot afford to ban a world class glove maker and risk buying reused gloves from less reliable glove suppliers.

kbtsyl68 @RISK8888
You are absolutely right. This is the last week selling below RM 2. Next week should be selling at above RM 2 .
05/11/2021 8:11 PM

Ah Ting dumped so much shares on shorties, now they are trying to make some profit out of it by pushing above the purchase price of 1.84, Looks like if less buyers, then they may have to push higher >2,0 to create FOMO to sell Ah Ting's shares. Be careful. On the other hand, Ah Ting is waiting for the share to dip lower than his dumping price and then buy back when Stanley SBB later.

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I believe Stanley will divert the 3.7b cash in hand into other new bizs. No point to build factories in US now with the ban. Just putting the cash in some financial instruments will make around RM 100 mil p.a oredi. This ban could be a blessing in disguise. Its time to explore other viable recovery biz rather than to further commit into gloves. The doubling up to 48b capacity by end 2022 is good enough as far as glove biz is concerned.

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That's why ASP drop so drastically, bcos of all the counterfeit gloves. Something nasty is happening with these glove markets. Black and blood money being used to support activists crusade against bone fide glovemakers in order to support counterfeit suppliers and market shortists. Really shameful evil acts being carried out. US CBP is doing injustice against its own ppl by not doing anything against such counterfeit suppliers but by banning world class products instead.

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https://edition.cnn.com/videos/world/2021/10/23/medical-gloves-us-thailand-investigation-mclean-pkg-intl-vpx.cnn/video/playlists/top-news-videos/

check out video at 3.00 min, complain were lodge to CBP regarding the sub standard reused glove in Feb21 but record showed that CBP continue to allow huge quantity of same products to come into US. Something is wrong with this US CBP. Ban bona fide supplier but allow counterfeit products. Biden really need to investigate these donkeyholes.

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With the US ban Stanley can forget about US expansion. Save the USD 550mil and distribute more dividend. He should distribute at least 3b dividend, which he and wife will get 1.2b and let the price drop to 65sen. Then using the dividend just sapu all the shares from open market and take company private.

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I have to admit Stanley a bit lembik in responding to the CBP ban, unlike TG boss. Should have suspend trading and make strong response announcement to give confidence to investors. It seemed like he woke late that morning, took a long yawn and only then realized there is a ban, then start to make some calls to ascertain the problem and slowly work out a response plan.

https://www.hindustantimes.com/world-news/will-covid-19-end-in-the-next-6-8-months-here-s-what-experts-say-101631664663817.html


For those hoping for an imminent end to the coronavirus disease (Covid-19), which has the world in a chokehold, there is some bad news. Epidemiologists say that we ought to brace for more of what we've already been through – renewed outbreaks, more waves of the infectious disease, cancelled classes in educational institutes, and hospitals overwhelmed with the burden of treatment on the verge of a medical breakdown – all over again.

Almost all experts agree at this point that the end to Covid-19 is not in sight anytime soon, at least not for the next six to eight months. Before the pandemic comes to end, every single person in the world will be infected by the virus at least once, with an unlucky few having to deal with it more times than that. The race between the waves of transmission that lead to new variants of the coronavirus and the battle to get the globe inoculated against it won’t be over until the coronavirus has touched all of us.

it won’t be over until the coronavirus has touched all of us. “I can just tell you, this is a coronavirus forest fire that will not stop until it finds all the human wood that it can burn,” said Osterholm, sounding a grim alarm.
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4th wave is imminent and Covid won't end until everyone is infected

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@Maridien2 UK records 42,776 new Covid cases, 136 deaths

LONDON, Oct 13 — Britain reported 42,776 new Covid-19 cases today, the highest number since mid-July, and 136 more deaths within 28 days of a positive test, official data showed.

https://www.malaymail.com/news/world/2021/10/13/uk-records-42776-new-c...
14/10/2021 11:19 PM

Yup Maridien, I have been predicting there will be a 4th wave coming, and still believe its on its way. Now that globally ppl mostly will be slowly letting their guards down.

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Its obvious without RSS, the shortists cannot move the price lower. But if they RSS, their bullets are running out fast. They are left with 28mil bullets only. Looks like they are running out of options.

With inflation impacting on prices of everything now, there are ppl still dreaming of prices going back to prepandemic level.

Today the shortists are sleeping, so that's why its green.

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@pjseow

FY 2024 Projection

ASP : 28
capacity: 48 billions p.a
Revenue : 28 x 48 x 0.8 x 4.15 = 4462 m
Nett margin : 25.%
PAT : 4462 x 0.25 = 1116 m
EPS = 1116/2720 = 41 sen
Nitrile to Latex ratio : 80 to 20 %
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The post pandemic price based on normalised PE 12 = RM 4.90 should be the fair price. Even if u base on profit margin of 0.2, it would still be ard RM 4.0, being the fair price for post pandemic.

@pjseow The Grand Formulas

03/10/2021 11:45 AM

Thanks pjseow, likely the most accurate and realistic profit projection for FY23 and FY24. Can dump all the "lie-censed" analysts projections in the bin.

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WC niet. Looks like China glove wings will be clipped for the meantime. Msia glove shall continue to dominate globally.

@myinvestor WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai will unveil the Biden administration's long-awaited strategy for the troubled U.S.-China trade relationship in a speech on Monday at a Washington think tank, her office said.

Biden administration officials say China has not met its Phase 1 trade deal commitments and they intend to hold it to its international trade commitments.

Chad Bown, a senior fellow at the Peterson Institute for International Economics in Washington, estimates that China's purchases of U.S. exports through August are running at about 62% of the Phase 1 targets, based on U.S. export data.

US tariff on imposing 15% tax on China medical gloves will be announced on Monday.
01/10/2021 2:06 PM
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Likely USTR will reimpose the tariff on medical products to force China to comply with Phase 1 targets. China glovemakers will likely face with double jeopardy. power price hike and US tariff.

https://www.scmp.com/economy/china-economy/article/3150634/chinas-power-crisis-beijing-vows-increase-coal-imports-and

China power crisis will have major impact on glove production cost.

They just cari makan Benho3X , we all know they just do guessing work, at least pjseow try to be as objective as possible.

Yup pjseow, agree with (36 +48 )/2 = 42 b estimate. I think ur overall assumption is quite realistic. Only thing is we hope going forward every qtr can continue to get 0.15 dividend. The PE 12 was based on the Kenanga estimate. But just looking at overall market expectation, by FY23, its not too demanding to expect EPS of 40-45sen base on ASP of USD28-30. Even using PE 10 should give a TP of RM 4.0-4.5

They intentionally totally destroy the value perception of the glove counters beyond recognition.

@bpsiah Authorities must look into manipulation on all situation. The current rate of 3 to 4% for RSS is too high. To prevent being taken advantage of the RSS rate must be reduced to minimal, say 0.3%.
01/10/2021 9:00 AM

Very simple solution actually. Since the shortist over abuse the RSS for Big4, just remove the Big4 from RSS list for 6 months.

@pjseow Tonee, I defintely do not agree. A drop.from.ASP of US 30 to US 28 should not have a drop.of EPS.from 56 sen to 19 sen. Kenanga drop the blended margin from 25 to 15 . In.a way, it ignored the distribution profit . I think.they use the capacity of 36 billions. The FY 2020 has an ASP of US 25 , a capacity of 24 b and nett margin of 24.7 %. The PAT of FY 2020 was 526 millions . How can FY 2023 which has a capacity of 36 b and assumed ASP of US 28 has.a projected PAT of 530.7 millions ?

Yup pjseow, if we just take a simplified calculation base on their assumption as an OEM entity it would be 48b/1000 x 28 x 4.2 x 0.8 x 0.25 = RM1.13b PAT or EPS 0.41 x12 = RM 4.98 TP base on FY2023 est. If base on OBM profit, then fair value closer to RM 6.0. What do u think?

I think not 26b but 22b capacity ! This is base on prepandemic capacity.

https://klse.i3investor.com/servlets/ptres/60903.jsp

SUPERMX (Downgrade from OP to MP; TP: RM2.35): Our FY22E/FY23E net profits are downgraded by 40%/47% as follow; (i) FY22E – ASP cut from USD48 to USD42 per 1,000 pieces and reduce EBITDA margin to 36% from 51%; (ii) FY23E – ASP reduce USD30 to USD28 per 1,000 pieces; EBITDA margin assumption reduced to 25% from 37%; and utilisation cut from 85% to 80%. Correspondingly, we downgrade our TP from RM5.00 to RM2.35 based on 12x FY23E EPS (at -0.5 SD below 5-year pre-COVID forward historical mean of 15x). We have raised our PER multiple from 9x to 12x since ASP is normalising faster than-expected.

Source: Kenanga Research - 30 Sept 2021
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pjseow, u agree ka with Kenanga TP RM 2.35 ? base on 12X FY23E EPS base on USD 28 utilisation of rate 80% and margin 25%. I think Kenanga still using 26b capacity rather than 48b. What u think?

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@Ryan83 Heavy selling even with low RSS volumes as short term traders cut loss and local institutions keep disposing glove shares
27/09/2021 9:00 PM

Today mainly right hand pocket sell down to left hand pocket

Oi MM, ppl no more fear or worry la. That feeling was in the past alrdy. Now bag holders are in the fighting spirit. Alrdy numb, beyond suffering.

@Gtrade INARI PE 42 BUDDY WILL JOIN GLOVE kia PE2 very soon.
coutesy of RSS shortist approved by BURSA
INARI TP3.30 first batch of RSS 7.3m shares shorted
This EPF is the main culprit in glove RSS
Lets us bomb this one
27/09/2021 4:20 PM

Yup Bossku should highlight that EPF should stop lending their shares to shortists. Why sabotage own stock market?

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can see they are trying to push down without RSS, just the sharks selling to each other, but when buyers come in they will stop. So very disruptive to their activities. So this 2nd session, they are going to RSS to press down. With RSS, its just borrowing only mah, later return back, once price is lower.

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@Start_0f_the_bull MM if 65c still can't be erased from your mind perhaps it is the time you need to see a psychiatrist.
26/09/2021 8:43 PM

There is no psychiatrist qualified to treat him la