i will average out next week and see what happens

you have much to experience

ops misread brother depending on order size

brother still got order la

how issit like 1mdb haha. go read about mrepc and their function first

Brother glove manufacturers in Malaysia mostly OEM also they manufacture gloves based on orders so no order they wont produce repacking gloves and stacking them not easily brother all got date one for production customer will request production documentation for auditing purposes.

Brother MREPC has meeting with all its member every month. Get ur facts right sometimes haha.

I think you should go and have a site visit and compare the production sites of a glove factory in Malaysia and a glove factory in China or anywhere else and you will understand why customers are more keen in purchasing gloves from malaysia.

I am just stating what I feel as I have worked in the glove industry before.

Nah I am just holding my stock pray for their vietnam power plant (Second Jaks maybe)???

@i3lurker

Haha i am not too sure bout this i am just relating it in terms from an economical aspects maybe like in the commodities market whereby the Organization of the Petroleum Exporting Countries (OPEC) will inform their members to cut down supply in order to control pricing.

So Malaysian Rubber Export Promotion Council, MREPC should have the same function of OPEC but just in terms of a different product. MREPC should react by asking their members to cutdown their production in order to avoid big fluctuation in market prices of gloves that might affect the economies of both producing and purchasing countries. If not malaysian gloves reputation hailat lo cannot control.

But in the end of day is the manufacturers decision to cut down production. Like those who actually wants to push the price down can go ahead if they have the financial capabilities and support to operate a high efficiency while making sufficient profit to please the stakeholders.

Just like how the arab disobey opec and overproduce still profit for them so just keep drilling and producing lah.


Issit a criminal act really why ??

haha i bought at 0.86 hailt lo me dumb decision

They will just slow down production for the time being as they want to maintain a higher margin for longer years. Once they start dropping their prices as most of hailat lo hard for them to sell at a higher price in the future. Customer come back next time after supply stabilize, why now u quoting me higher prices than last time i better get from other country then.

i3lurker from what i know is that production already stop so there wont be a big inventor build up the management and the glove and rubber board should have already informed all the big producers to cut down their production in order to stabilize the supply of gloves. Hailat lo if the key players keep increasing their inventory it wont be a loss to them in short run but may take a longer time to recover.

Gloves can keep 3 to 5 years depending natural or synthetic. Just like oil lo oversupply and drop the global glove prices and slowly kick ur competitors out. I dont think local glove manufacturers will do that lo. The government would not recommended and definitely not support their decision for an oversupply as the government will also lose money on their export duty.

Now just wait for their annual report to see how they have written off their RM25.5 m payout to Star. Was part of the 25.5 million included in their 3rd quarter report? or will see a bigger red in their 4th quarter tune in next time.

This would be a safe heaven for EPF for capital gain as they have accumulated a big stake in Hartalega over the years it be a good time for them to capitalized on their efforts over the years for a counter which does not yield an attractive dividend.

EPF and other key fund managers should and have already started hedging in a downward trend to have a better return when a key reversal occurs reversal occurs in the second half of the year in vice-versa hedge in back in an upwards direction to have a safe capital gain and reduce their exposure and risk over the long run.

Currently it seem like there has been an over supply of gloves. In the past 5 years there has been a rapid growth in the glove making division. Too much competition may lead to an oversupply of gloves at one time. This would be time for the glove division for a correction in the supply and demand.

Inventories are rising but demand is not there. To cope with this production lines are stopped from what I heard in order to clear up inventory and reduce oversupply as from what I heard from an insider. But I hope that the glove industry would make use of this time to actually carry out through inspections and maintenance of their lines in order to operate at an efficient level when the demand starts to kick in back in the second half of the year.

Predictions would be a slow start for the glove industry in the first half of the year. Overhead costing remains while maintenance cost increases may lead to a drop in their net profit. Growth should start kicking back in after the second half. I guess there will be some casualties along the way. EPF also cant support at this time they have to safeguard their dividend payout which I estimate would be 5.5 to 6 % this year. Panic selling from those who have an ESOS price at 2 to 3 ringgit may also trigger a further drop in market price.

Now it comes down to market sentiment as there is already an oversupply of gloves and a dropping demand. I suggest to cut losses and start buying back after 2 quarters.