Posted by ks55 > 2022-11-14 21:17 | Report Abuse

Chinese businessmen like to join the crowd for quick buck. When property price shoot through the roof, every Dick, Tom and Harry jump into the band wagon, then all get killed. When Covid first emerged, many big timers converted plants into making face mask, now surgical mask is selling at RM 3 for 50's. Likewise the glove makers. Other than the Big 4 glove manufacturers in Malaysia, China is producing like nobody's business, Thailand new glove factories all over Southern Thailand, and in Malaysia, everyone of the big 4 ramp up production facilities plus companies like Mah Sing and George Kent also buta buta masuk jamban.

Business fail because selling price is lower than cost of production (including interest charged). Surely industries won't collapse overnight, but all over in less than 2 years after the pandemic. Rule of the Jungle applies, Survival of the Fittest. Many glove factories will close shop very soon. The survivors will also bleeding to three quarter dead.

Posted by ks55 > 2022-11-14 21:26 | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.