India says virus strain also found in many other countries, including Australia, Germany, New Zealand, Singapore, the UK and the US.

https://www.aljazeera.com/news/2021/4/19/is-a-double-mutant-covid-variant-behind-indias-record-surge

TG:Expect higher performance in 2H21
Higher ASP in 2h21.
Additional capacity 2h21
low material costs.
High utilization 2h21.
strong demand despite shorter delivery time.

https://www.thestartv.com/v/top-glove-2-h-21-performance-to-be-stronger

Global demand for nitrile exam gloves currently exceeds existing production capacity by an estimated 215 billion units, or nearly 40 percent. Raw material scarcity, port closures and delays, and a two-fold increase in gloves usage since June 2020 have exacerbated ongoing shortages.

In a January 2021 survey, Premier members cited access to exam gloves as the no. 2 greatest challenge to care for COVID-19 patients, after clinical staffing. And as of March 1, 2021, most Premier members have fewer than 30 days on hand.

Given this, many providers have been implementing glove conservation practices and other precautionary measures with the goal of increasing product days on hand and helping ensure a reliable supply of gloves.
Source: Premier data

Gloves spend continues to climb year-over year:

Up 40 percent between March and June of 2020
Up 130 percent between July and October 2020
Up 250 percent between November 2020 and February/March 2021

https://www.premierinc.com/newsroom/blog/premier-data-the-state-of-ppe-supply-one-year-in-to-covid-19

JP Morgan who cried "wolf" 2nd times, no one will believes in their story anymore.

16/4 World 140,503,282 n/cases +828,340 +12,494

1 USA 32,305,912 n/cases +81,773 +887
2 India 14,521,683 +233,943 +1,338
3 Brazil13,834,342 +76,249 +3,070

Peoples are starting to neglect the safe distance and wearing masks. World new cases 828k yesterday still hit record high.

I wonder how much profit if shorties cover on 31/3 which is at lowest price of the month?

Japan Olympics will it be covid19 super spreader event.

https://www.bloomberg.com/news/articles/2021-03-30/the-olympics-is-relying-on-a-giant-virus-bubble-it-could-burst

13/4 World 138,006,932 Ncases+735,486 +12,848
1USA 32,070,784 +77,720 +819
2India 13,871,321 +185,248 +1,026
3Brazil 13,601,566 +80,157 +3,687

While Asia pacific and Europe are in 3rd waves of covid 19, US still in the extended 1st wave. US had not recovered from covid19 since March 2020.


https://finance.yahoo.com/news/fauci-the-us-is-still-in-the-first-wave-160137351.html

Supermax had the lowest forward/trailing PE and market cap. of top 30 companies in klci.

https://www.klsescreener.com/v2/news/view/815249/v%E5%9E%8B%E5%A4%8D%E8%8B%8F%E5%90%8E-%E9%A9%AC%E8%82%A1%E7%99%BE%E5%A4%A7%E5%85%AC%E5%8F%B8%E6%9C%89%E5%A4%9A%E5%90%B8%E5%BC%95

“We are at a critical point in the pandemic now, the trajectory of this pandemic is growing for the 7th week in a row,” said the WHO team leader on Covid-19, Maria van Kerkhove.

Noting that there had been a 9 per cent rise in cases last week, the seventh consecutive week of increases, and a 5 per cent rise in deaths, she added: “If you look at the epi (epidemic) curve and the trajectory of the pandemic right now, it is growing exponentially”.

https://www.malaymail.com/news/world/2021/04/13/covid-19-pandemic-a-long-way-from-over-whos-tedros-says/1966082

More than 12,400 people have tested positive for coronavirus in Israel after getting inoculated by the Pfizer/BioNtech vaccine, including 69 people who had taken their second jab.

Israel's health ministry tested 189,000 people after they vaccinated by Pfizer's vaccine and 6.6 per cent of the people still tested positive for COVID-19.
https://www.wionews.com/world/israel-over-12000-people-test-positive-for-covid-19-after-receiving-pfizer-vaccine-358242

Post removed.Why?

Pfizer halted a shipment of 700,000 COVID vaccine doses to Israel, alleging that the country has not paid for a previous shipment of 2.5 million doses.


https://www.jewishexponent.com/2021/04/08/pfizer-reportedly-halts-covid-vaccine-shipment-to-israel-after-failure-to-pay/

New cases hit record 772. Going to hit 1m cases in coming days. Depend solely on vaccine and lockdown can't really tackle the various variants. China and Singapore are so successful to containing the spreading of covid19 because they are using 3 protocols Test-Trace-Treat and quarantine.

World 135,276,521 +772,548 2,927,493
1 USA 31,800,853 +83,449
2 Brazil 13,375,414 +89,090
3 India 13,202,783 +144,829

Assuming the ASP did not drop due to exponential increase in the new cases. Continues big order in the year 2021.
Pat 4b 2021 26b capacity
Pat 5.5b 2022 32b capacity (1.38x Pat 4b)

8/4 World 134,502,688 +737,425 +13,827
1 USA 31,717,404 +80,161
2 Brazil 13,286,324 +89,293
3 India 13,057,954 +131,893

Yesterday new cases hit record 737425 in April.

Shorties are ignorant of bad covid19 situation. They should cover when supermax was below 4 and TG was below 4.6.

Buyers Affected by Unavoidable Price Increases
The result of having a high demand for nitrile gloves, while at the same time, having a shortage, is that price increases are inevitable. A lack of manufacturers who can keep up with the demand, as well as shortages of raw materials, and everything in between, has caused distributors to be hit hard with higher costs. This, in turn, impacts the end-users who now have a higher price tag also.

In the end, having access to quality protective gloves, and safety in general, is priceless, and worth paying a little more to safeguard yourself and your staff.

https://gloves.com/blogs/news/strong-demand-nitrile-gloves-2021

TOKYO: The Japanese metropolis of Osaka is to declare a medical emergency as new COVID-19 infections climb to all-time highs, the Kyodo news agency reported on Wednesday.
New infections will likely exceed 800 a day and authorities in the prefecture are preparing to declare an emergency as the medical system comes under increasing strain, Kyodo reported, citing officials.

A spokesman for the Osaka prefecture could not confirm that infection figure when contacted by Reuters and said an emergency declaration was still being considered.

Health authorities are worried that variants of the coronavirus are causing a fourth wave of infections with just 107 days until the Tokyo Olympics are due to begin

https://www.thesundaily.my/world/japan-s-osaka-set-to-declare-emergency-amid-record-covid-19-cases-KH7494936

KUALA LUMPUR (April 6): Hong Leong Investment Bank (HLIB) Research has maintained its "overweight" stance on the rubber glove sector amid resurging global Covid-19 cases, which are expected to provide short-term support for demand.

The research house in a note today said this was despite recent price corrections and the ongoing labour freeze, adding that its top picks are Top Glove Corp Bhd ("buy"; target price [TP]: RM7), Hartalega Holdings Bhd ("buy"; TP: RM15.80) and Kossan Rubber Industries Bhd ("buy"; TP: RM5.22).

In a meeting with HLIB analyst Gan Huan Wen, Malaysian Rubber Glove Manufacturers Association (MARGMA) president Dr Supramanaim Shanmugam said the estimated supply of disposable gloves is set to increase by 22% to 420 billion pieces per annum in 2021, of which new Malaysian entrants will contribute 6.5 billion to 10 billion pieces, with numbers collated from the ASEAN Rubber Glove Manufacturers Association, new and existing rubber glove players locally, as well as the tracking of capacity expansion from other countries.


https://www.klsescreener.com/v2/news/view/812225/hlib-keeps-overweight-stance-on-rubber-glove-sector-amid-resurgence-in-global-covid-19-cases

In its outlook note, TA Research said corporate earnings would show a significant surge this year especially due to the strong contribution by the glove makers.

“The four glove companies under our coverage, Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd will witness a surge in their aggregate profits to RM20.8bil in 2021 versus RM10.9bil and RM1.8bil in 2020 and 2019 respectively

https://www.klsescreener.com/v2/news/view/811993/banks-and-glove-makers-in-for-strong-earnings-rebound

South African Covid variant raises fears
https://www.msn.com/en-my/news/national/south-african-covid-variant-raises-fears/ar-BB1fiAZC

Let's review three reasons the demand has surged:
https://www.gloves.com/blogs/news/strong-demand-nitrile-gloves-2021
1. All Medical Facilities Require Hand Protection
Because of the risk of contracting or spreading the virus, all medical professionals have been advised to wear hand protection - from hospitals to independent physician's offices. Those physicians who were already using gloves have noted that their consumption has gone up by two boxes a day.

2. COVID Vaccine Rollouts Elevated the Demand for Nitrile Gloves
Reliable gloves are needed when administering the COVID vaccine, and distribution has recently started. This has greatly increased the need for hand protection. Additionally, the vaccine rollout will start to speed up as the months go by and will bring about an even higher urgency for nitrile gloves.

3. Increased Glove Use in Various Industries
As mentioned, there has been an increased use in the medical industry, which for obvious reasons, is a priority. However, this leaves other industries falling short on their own glove supplies. What is left is being requested for frontline workers such as grocery store clerks, post offices, airline staff, various small businesses, and many others.
https://www.gloves.com/blogs/news/strong-demand-nitrile-gloves-2021

Those Ib analysis still thinking ASP USD 47-50 per 1000 pcs for nitrile gloves. Latest price ASP for nitrile gloves selling in market now is USD 150+/1000 pcs and USD 20+/100 pcs.
https://www.gloves.com/collections/nitrile-gloves

JPMorgan & top global banks moved trillions in dirty money for oligarchs & criminal networks - ICIJ report

The documents reveal that the US-based JPMorgan moved money for people and companies tied to the massive looting of public funds in Malaysia, Ukraine and Venezuela. The ICIJ reports that tainted transactions continued to surge through accounts at JPMorgan despite the bank’s promises to improve its money laundering controls as part of settlements it reached with US authorities in 2011, 2013 and 2014.


https://www.rt.com/business/501264-banks-moved-trillions-potential-crimes/

Citadel Griffin hedge fund big player in Asia pacific. Probably is the gloves shorties in bursa. They have office in SG since 2020.

https://klse0.i3investor.com/blogs/kianweiaritcles/2021-03-07-story-h1542061699-Biggest_players_in_short_selling_are_getting_a_pass.jsp

Data from PPE Shortage Index shows critical need for personal protective equipment in U.S.
DEMAND
91,000,000+
pieces of PPE requested to fill need for just ONE WEEK

Top 3 most requested PPE items
1 Disinfecting wipes
2 Nitrile gloves
3 N95 masks.

https://getusppe.org/data/

World 129,453,854 +638,251 +12,236

Covid19 new cases infection.
USA +68,756 565,256 +1,115 death
Brazil +89,200 321,886 +3,950
India +72,182 162,960 +458

Note: US had placed priority of forced labor and preventing the their health care workers from getting sufficient gloves.

US must be crazy placed more priority on the forced labor instead saving life of their health care workers and prevention of infection of covid19. Karma will hit them hard this time.

However, the group said other subsidiaries could still sell to the United States and that other countries would easily absorb any returned shipments.

TG subsidiaries in other countries still can ship to US.


https://www.reuters.com/article/us-top-glove-usa-idUSKCN24H0K2

While TG was banned in US for using forced labours. Goldman sach also used forced labour and they are not banned US or UK..

The banker, who spoke to the Guardian on the basis of anonymity, said staff were worried about speaking out on issues including 18-hour shifts that left juniors earning less than the living wage, or the number of colleagues on sick leave due to burnout. The employee – who is one of 100 recruits hired to work at Goldman each year – did not want their gender disclosed due to fear of repercussion.
https://www.theguardian.com/business/2021/mar/24/goldman-sachs-junior-bankers-rebel-over-18-hour-shifts-and-low-pay

Retailer not buying/selling and shorties are not shorting. This mean the shorties are happy to pay daily interest 3%.

Low volume for several days in a row, it is good indicator. Shorties are not shorting at high volume and small change in price.

USD/MYR - US Dollar Malaysian Ringgit
4.1525 +0.0085 +0.21%
Ringgit weakening very fast. Most gloves exported are USD based. Expected better revenue and profit on the next QR

World covid19 news 622k new cases yesterday 25/3
Demand of gloves are more than supplies. ASP will be on the rise and as the large volume orders will expected to pickup in coming weeks.

USD/MYR - US Dollar Malaysian Ringgit.
4.1455 +0.0165 +0.40%
Ringgit weakening fast.

Covid 19 new cases exceeded 550k on 24/3
24/3 World 125,415,939 +583,779

https://www.worldometers.info/coronavirus/

(March 24): Overseas investors have been pulling out of Malaysian equities for 20 straight months. March could mark the turn of the tide.

Foreigners have poured a net US$97 million into local stocks this month through March 22, while withdrawing a combined US$1 billion from four other Southeast Asian markets tracked by Bloomberg.

The inflows come as valuation of Malaysia’s main equity gauge is now the cheapest in the region while the dividend yield of 3% is the highest among major Asia Pacific indexes after Singapore.

Foreigners becoming net buyers would mark a rare event for a market that saw global funds pull a record US$5.7 billion last year. That’s as political upheaval combined with the Covid-19 outbreak to sour sentiment even as local investors turned Malaysian glove makers into one of Asia’s hottest pandemic trades.


https://www.klsescreener.com/v2/news/view/806567/turning-point-seen-for-malaysia-stocks-as-foreigners-pile-in

USD/MYR - US Dollar Malaysian Ringgit
4.1300 +0.0100 +0.24%
Weaker ringgit is favorable to Supermax as their gloves export all are in USD.

As the new covid19 still exceeding 400k, pandemic is not over yet. ASP remains high and uptrend as the demand exceeded supplies.

World 124,790,055 +486,240
https://www.worldometers.info/coronavirus/

Europe again in lock down It is not surprising that new cases is increasing rapidly as they just depend vaccination and lock down to reduce the cases. I think they have not learnt from the past mistakes. Singapore is so successful in controlling spread because they using protocol test-track-treat protocol and quarantine those infected peoples. Europe,America and most of countries are using test-treat only on infected cases..
So don't expect fast recovery in those countries that use test-treat protocol.

What Lies Ahead in 2021 for the Disposable Glove Industry?

No one, of course, knows what lies ahead. We expect a substantial part of 2021 to look a lot like what we saw in 2020. Glove prices will likely remain high, especially for nitrile and latex, and supply will struggle to keep up with demand.

Early 2021 will likely feel a lot like 2020. Glove prices will in many cases be going up until we see reduction in the scale of the pandemic. It is safe to say that supply, demand, and prices all will be reset at a completely different level than COVID-19.

https://blog.ammex.com/what-lies-ahead-in-2021-for-the-disposable-glove-industry/#.YFnTS67ivIU

New Delhi: Concern over an alarming increase in new coronavirus cases in India - 131,750 over the past 72 hours - was underlined Monday by a spike in the 'R', or 'reproduction rate', of the virus, which has jumped to 1.32 - the highest since April last year, when there were fewer than 27,000 cases.
The 'R' factor - a statistic used worldwide to track, and potentially, control the spread of the virus - is a measure of how many people are being infected by one infected person.

A 'R' of 2.0 indicates that one person with COVID-19 will, on average, infect two others. Each of those two will infect two more (spreading the disease to an average of four people) and so on.


https://www.ndtv.com/india-news/coronavirus-r-factor-india-as-covid-cases-increase-indias-r-factor-highest-since-april-last-year-2396523

22/3 India Indiaexternal-link +74,892
https://virusncov.com/

The Centers for Disease Control and Prevention (CDC) said two coronavirus variants first detected in California, B.1427 and B.1429, are now considered as variants of concern. The CDC said the variants may be 20% more transmissible.

https://www.cidrap.umn.edu/news-perspective/2021/03/cdc-ids-new-covid-19-variants-concern-hot-spots-reemerge

Bill Gates famously warned about the risk of a pandemic in 2015, and in 2021 he offers ideas on vaccines and preparing for the next pandemic. Gates stresses that spending in advance is actually quite a “bargain” compared to the cost of reacting to a pandemic once it ravages the world

https://www.youtube.com/watch?v=tDjQ8ivwbCU&t=822s

USD dollar rising.
1USD-4.11 MYR
https://www.klsescreener.com/v2/news/view/805995/hedge-funds-turn-bullish-on-us-dollar-again

“The SC is monitoring this closely and will, where appropriate, take action against those who breach securities laws,” it said.

It also urged the public to report to the SC if they had been approached by unlicensed persons offering capital investment advice at aduan@seccom.com.my or call +603 6204 8999.

“While the SC carries out proactive Internet surveillance to stem illegal capital market activities perpetrated through social media, the public are also reminded to be vigilant and be cautious of the risk of participating in any investment schemes as they could be subject to fraud or used as part of a market manipulation scheme,” it said.


https://www.theedgemarkets.com/article/sc-issues-ceaseanddesist-order-seven-unlicensed-operators?fbclid=IwAR1BBiduwpPOGQ5A_1LkKEA3KOE-7st-qjLJVZkhK4E5TF6IZ_InogEh7xc#.YFgu-4CAdwU.facebook

Each order of gloves have the MOQ 15M x12 months.

DIRECT TO FACTORY
Prices for production with SBLC

Hartalega Paloma 200 pcs per box –
PRICE $14.80+5% commission
MOQ: 15 million x 12 months
Monthly production capacity: 5OM per month

Guidance for Glove Price Increases: Top Glove 30% in October and 15% in November
In August the glove manufacturers connected to this website provided guidance that the prices would be going up 10 to 15 percent every two weeks through May of 2021. Now that story is coming true. 30% in October and 15% November.

https://theglovereport.com/2020/10/05/guidance-for-glove-price-increases-top-glove-30-in-october-and-15-in-november/

NEW YORK, March 18, 2021 /PRNewswire/ -- Disposable gloves sales are set to grow impressively at nearly 10% CAGR through 2021 and beyond. Growing personal hygiene and safety awareness, especially the spike witnessed during COVID-19, has accelerated the production of disposable gloves. Fact.MR's analysis reveals that high demand for nitrile gloves from manufacturers will further gain traction in 2021.

The latest edition of disposable gloves market by Fact.MR finds that the
consistent demand of surgical gloves from medical sector is spurring the
sales. Additionally, demand for nitrile disposable gloves from non-medical sector such as chemical, automotive and oil & gas is spiraling. Growing awareness regarding personal hygiene and favorable government policies to bolster the demand of disposable gloves.
Sky-high demand for nitrile disposable gloves from medical sector is aiding manufacturers, while initiatives undertaken by private and government organizations are spurring the growth of the market," says a Fact.MR analyst. In August 2020, Supermax Corporation Bhd's revenue surged to US$ 226.2 million increasing by 147% as compared to the year 2019. The organization is anticipating witness more hike by 2021-end.

https://www.bloomberg.com/press-releases/2021-03-18/demand-for-nitrile-disposable-gloves-growing-fact-mr-study

Asp per box 22-30 USD/100 pcs depend model. If per carton, the price is USD 220-300/1000pcs (10 boxes in 1 carton). The ASP for nitrile gloves still high in open market.
https://www.amazon.com/s?k=nitrile+gloves+supermax&ref=nb_sb_noss_1

“There are three things investors need to do: Have a plan, stick with that plan, and rebalance. Don’t sell something just because it’s going down, because it won’t go down forever.”

The Michigan Department of Health and Human Services reported 3,730 new COVID-19 illnesses on Friday for a total of 622,151. That is the highest daily increase since Jan. 7 and the fourth consecutive daily increase above 2,000 new cases.

https://www.msn.com/en-us/health/medical/michigan-reports-highest-covid-19-increase-in-six-weeks-with-3700-new-cases/ar-BB1eLLZK

Shorties have close some position on Kossan,Supermx and Harta.

Supermx (-219k shares 15/3)
Kossan (-2.9m shares 15/3, 14/3)
Harta (-1.2m shares 14/3,10/3)
TG - Added 11.4m shares(11/3-15/3). Almost 60m dividend need to pay to lender if they don't close position.

According to former MARGMA president Denis Low Jau Foo, the global rubber glove shortage will continue until 2023, given that manufacturers are currently still in an “oversold” position. He anticipates that the average selling prices (ASPs) of gloves will not see a sharp fall, since most of the glove majors, who currently have big government contracts, are having difficulty in meeting demand.

Mr Supramaniam revealed that Malaysia’s rubber glove industry is expected to invest up to RM3 billion ($720 million) per year for capacity expansion, R&D and on automation to reduce reliance on foreign workers. Productivity in the country’s glove manufacturing sector has improved from needing 9.7 workers to produce 1 million gloves in 2008, to needing 1.7 workers to 1 million gloves in 2020, but he said the rubber glove industry aims to further improve this ratio to 1.5 workers for 1 million gloves by 2024.

https://irjournal.com/singleblog/2036/global-rubber-glove-shortage-to-continue-till-2023-margma

17/3 World 121,804,087 +528,933 2,691,926 +9,794

Covid19 new cases exceed 528k in March.

https://www.worldometers.info/coronavirus/

USA 30,231,550 +85,215
Brazil 11,609,601 +84,124

US new covid19 cases fast increasing.
https://virusncov.com/


Two coronavirus strains first detected in California are now officially "variants of concern," according to the US Centers for Disease Control and Prevention.

The variants may be about 20% more transmissible, the CDC said, citing early research. Some Covid-19 treatments may also be less effective against the strains. Still, the CDC didn't say that vaccines would stop working against them.
Still, health officials are concerned that some treatments may not work as well against the variants, which are officially called B.1.427 and B.1.429. Scientists have been monitoring the strains closely in California over the past few months.
The US Department of Health and Human Services recently halted shipments of a Covid-19 antibody treatment to California, Nevada and Arizona, where the variants are circulating widely.

https://edition.cnn.com/2021/03/17/health/california-variants-of-concern-cdc/index.html