ikan bilis taking profit... no big volumes selling

all small ikan bilis taking profit...

Thank you PJSeow. Great analysis.
Posted by pjseow > Sep 1, 2021 2:02 PM | Report Abuse

To predict the future , it is good to know the history .
Let me share with you what is the CAGR or compounded Average Growth rate for PATs of the Big 4 glove makers for the 11 years during the pre pandemic period before 2019 . I choose 11 years mainly because 2008 was the year immediately before the H1N1 Epidemic which caused few hundred thousands deaths in US and the rest of the world . The H1N1 Epidemic lasted 18 months from 2009 till mid 2010 .There was also a spike in Glove demands and ASP increase during this period . THereafter , there was a slight drop and then the demands and ASP went up again .

Thanks pjseow. Very sharp analysis!
Posted by pjseow > May 7, 2021 12:51 PM | Report Abuse

After Supermx QR was out ,there was a misconception that the last Qtr slightly lower revenue and PAT were due to lower ASP of 15 to 25 % . Such misconception is due to poor supermx guidance . While every glove counters reported a 30 to 50 % increase in ASP , it is unlikely

Hartalega: Sales volume (Billion pcs) dropped to 6.7 from 9.5 due to container shortage and despite this they achieved a 10% increase in PAT. This is commendable!

Hartalega :
On 4 May 2021, the Board has declared a third interim single tier dividend of 17.70 sen per share in respect of the financial year ending 31 March 2021 and payable on 9 June 2021. The
entitlement date has been fixed on 24 May 2021.

Supermax is being shorted... (2nd article in the link)
https://www.theedgemarkets.com/article/great-gloves-discourse

Shorties still active, this time targeting Supermax too.
https://www.theedgemarkets.com/article/investors-resume-shorting-top-glove-supermax-shares-after-oneday-break