@limkt88
You only have 7 comments and mostly negative towards glove.
CBP is enforced by customs department and is govern by the executive order of the President of United States of America.

With new president in placed, commissioner's office will likely be replaced with Biden's team.

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

Topglove: New president Biden will bring changes to US CBP decision


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-08-story-h1535688373-Topglove_New_president_Biden_will_bring_changes_to_US_CBP_decision.jsp

KYY is re-writing and re-producing old data.
The 1st slides is like 4-5months old.
There are newer data already out on Supermax in October.
Is there something wrong with him?

To be honest, Monday should be positive for glove stocks as most industry experts are looking at least RM2.4 billion for extraordinary profit taxation.

With no windfall taxation lingering, most investors have peace of mind till 2022 and beyond.

https://themalaysianreserve.com/2020/11/04/glove-industry-to-pay-higher-corporate-taxes-says-no-to-windfall-tax/

Expecting monday to move closer to RM9 and above in view of positive outcome from Budget 2021 and Covid-19 negative outlook worldwide.

KUALA LUMPUR (Nov 6): Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd have confirmed that they are donating to the Government’s COVID-19 fund set up to battle the pandemic.

When contacted by theedgemarkets.com, Top Glove said it is donating RM185 million to the fund, while Supermax will be chipping in RM75 million.

Meanwhile, Hartalega said in a statement that it will be contributing RM90 million to the fund.

“This is a corporate social responsibility initiative by Hartalega to make a positive difference in the lives of Malaysians and support the nation’s healthcare sector,” it said.

Their total contributions amount to RM350 million.

This follows the tabling of Budget 2021 this afternoon, whereby Finance Minister Tengku Datuk Seri Zafrul Aziz announced that that the three glove makers, in addition to Kossan Rubber Industries Bhd, have committed to donate RM400 million to the COVID-19 fund.

The money will be used to cover part of the cost of vaccines and health equipment expenses, said the Minister.

https://www.theedgemarkets.com/article/top-glove-hartalega-and-supermax-confirm-donations-govts-rm400-mil-covid19-fund

the breakdown does not have a proper source?

Budget 2021: Top Glove, other rubber glove manufacturers pledge RM400m to assist Covid-19 fight, including for vaccines

A small contribution to the society should be applause, NO WINDFALL TAX

Topglove is more transparent with their orderbook than supermax as the company indicates the exact month and year. So that investor will be assured.

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Topglove: Overwhelming Demand For Nitrile Glove


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

@ ahbah

To be honest, many people are promoting vaccines and that glove's demand will reduce significantly will be proven wrong.

Vaccine wannabies are thinking after 1-2 doses of vaccine, the individual will be 100% immune to covid-19. It's very sad to see these understandings.

Anyway, glove will still continue to produce after covid-19 war but vaccine for covid-19 will definitely die a natural death since vaccine wannabies believe everyone is cured in the end.

The other thing abt taxation and raw material cost increase, normally glove manufacturers will just pass the cost on to customers.

In other words, there is no impact on the glove companies.

@ soonheng

Where do you get the information from?

Though it is not announce on Bursa Malaysia.

It seems unlikely to have windfall tax as the government had not met with MARGMA and the leaders for consultation.

Besides that, many industry experts and IBs are expecting this supernormal profit period to end by mid next year once the vaccine is fully commercialized.

Thus, it would be foolish and a slap to their own face to table a tax in Budget 2021 that last for only 6 months.

Seems the more KYY writes, the lower the price.

Notice also that when he's quiet, Supermax shares are soaring.

Why Supermax?
There is the other 3 large manufacturer like Toglove, Hartalega and Kossan are also into nitrile glove.

@ ahbah
This article is to reveal that one of the vaccine manufacturer is confessing that long term mask is still needed.
Thus, PPE including glove will still be the main solution for Covid-19 even with vaccine.

Not that vaccine will not work, but production and logistic are not ready to vaccinate 8 billion ppl.

Even if both production and logistic are ready, the vaccine efficacy may not be effective.

Even if vaccine efficacy is efficient/perfect, a person vaccinated can still be infected with covid-19.

So that's the point that glove WILL surpass most IBs estimate for 2022's demand to normalise, at least till 2024/2025.

To be honest, Investment Bankers are uncertain with the future demand of gloves. Their main idea now is when vaccine is introduce somewhere by end Dec to mid next year, demand will reduce significantly.

However, in August 2020 when vaccine news had started to get louder, gloves counter had start to slow down.

But now, most top 4 gloves order book are filled to end of 2021.
That's why some IBs had started to re-rate last few days.

Of course, if IBs knew that order book for gloves will be filled up to 2024/2025, they will definitely re-rate significantly again as follows:

Topglov= RM30
Harta= RM29
Supermax=RM26 (according to KYY)
Kossan= RM24

Very rare we can experience glove manufacturer's capacity fully utilized and new capacity planned for next 4-5 years also filled up.

In fact, I believe that before covid-19 pandemic is fully 100% resolved somewhere 2025/2026, a NEW PANDEMIC would be here.
Look at the past 20 years historical data below.

https://www.visualcapitalist.com/history-of-pandemics-deadliest/

https://www.cnbc.com/2020/10/29/covid-merck-ceo-says-vaccine-wont-be-a-silver-bullet-predicts-mask-use-for-the-forseable-future.html

https://www.cnbc.com/2020/10/29/covid-merck-ceo-says-vaccine-wont-be-a-silver-bullet-predicts-mask-use-for-the-forseable-future.html

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-29-story-h1535536627-Glove_Catalyst_Part_2_Vaccine_Manufacturer_s_Confession.jsp

Almost 20 cent in value

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-28-story-h1535509694-Will_Glove_Demand_Sustain_after_2021_Van_Gogh_Of_Financial.jsp

Supermax is lacking from cornerstone investors.

It should do well if 2-3 large long term investor takes up between 10%-15% each would provide long term price sustainability.

Probably by year end when KLCI components are reviewed, funds would normally invest in index link companies.

@DickyMe

I think will be lower than RM4 if Topglov announce bonus issue 2:1

Supermax: The Best Is Yet To Come- Myth or Truth


https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-10-27-story-h1535482816-Supermax_The_Best_Is_Yet_To_Come_Myth_or_Truth.jsp