Posted by CUTLOST > 2020-09-16 09:11 | Report Abuse

Big Boys always Win.. Just like Mickecyc

Posted by KK > 2020-09-16 09:27 | Report Abuse

https://www.themoscowtimes.com/2020/09/15/1-in-7-russian-coronavirus-vaccine-volunteers-report-side-effects-a71444

Posted by KK > 2020-09-16 09:28 | Report Abuse

https://www.cnbc.com/2020/09/15/the-coronavirus-has-killed-at-least-121-young-people-in-the-us-mostly-minorities-cdc-says.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Posted by Mikecyc > 2020-09-16 09:29 |

Post removed.Why?

Posted by KK > 2020-09-16 09:56 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-09-14-story-h1513495077.jsp

Posted by KK > 2020-09-16 09:59 | Report Abuse

Carplus expansion plan is double as compare to Comfort , if u believe profit generated in next 2 years , personally I think that glove industry offer the biggest opportunity in this 100 years pandemic crisis...

Posted by KK > 2020-09-16 10:00 | Report Abuse

Believe that Careplus price will overtake Comfort one day...

Posted by denzadesu > 2020-09-16 11:15 | Report Abuse

PETALING JAYA: The global demand for gloves is likely to continue outstripping supply for the next three to four years, even if a vaccine for the Covid-19 becomes available, according to Hartalega Holdings Bhd.

The world’s largest nitrile glove maker says the consumption of gloves worldwide will continue to increase because of changes in user behaviour.

Speaking at a press conference after the group’s AGM yesterday, Hartalega CEO Kuan Mun Leong said the Covid-19 pandemic has changed user behaviour, and that was driving up demand for gloves.

“Demand in developed countries has increased 30%, while in developing countries, demand has more than doubled, ” Mun Leong said.

Due to heightened hygiene and safety awareness, there is now a structural step-up in the use of gloves, he said, adding that this was why the medium-term outlook for glove demand would remain strong.

The industry, he said, was currently facing a huge shortage, with about 120 billion pieces of gloves as additional demand.

“This demand can only be fulfilled in three years, ” Mun Leong said, adding that the industry would not see an oversupply in the next three to four years despite players actively ramping up their production capacities.

Mun Leong pointed out that without the pandemic, global demand for gloves typically expanded at an average of 8%-10% per year.

Meanwhile, Hartalega executive chairman Kuan Kam Hon said the company was constantly expanding at an average rate of about 20% per annum, which was slightly more than the organic growth in the industry.

“For us, the situation for the next three years is that of supply not meeting demand, ” Kam Hon said.

“Even if we have extra gloves by the fourth year, it goes into inventory building. When you have a supply shortage, you are not able to build inventory, ” he added.

On capacity expansion, Mun Leong said Hartalega was currently accelerating growth through its next generation glove manufacturing complex (NGC) to to meet the demand.

“To date, we have commissioned 10 out of 12 production lines for plant six, while for plant seven, the first production line is on-track for completion by October 2020, ” Mun Leong said.

The group recently acquired a 24.23ha land in Sepang, Selangor, adjacent to its NGC plant seven, for RM158mil.

The group plans to build four new plants on that piece of land with an investment of RM1.5bil.

“The first line will start production in October 2021, ” Mun Leong said.

Upon completion, the four new plants would add 19 billion pieces per annum in installed capacity.

In addition, Hartalega is expected to invest RM3bil for its next expansion phase, code-named NGC 2.0 to build seven factories on a 38ha in Banting, Selangor. The first production line is expected to be commissioned in the first half of 2022.

Mun Leong said once fully completed by 2027, Hartalega’s expansion plans would see the group’s total annual installed capacity increase to 95 billion pieces per annum.

Hartalega’s net profit more than doubled to a record RM219.7mil for the first quarter ended June 30,2020, while revenue jumped 44% year-on-year to RM920.1mil.

Mun Leong said Hartalega is expected to continue posting better results in the quarters ahead, supported by rising average selling prices due to strong global demand for gloves.

Glove prices, he said, are now three times as high as they were in pre-Covid-19 days.

This quarter alone, spot prices for gloves jumped 30%, and he expected them to increase 40%-50% in next quarter.

Posted by denzadesu > 2020-09-16 11:39 | Report Abuse

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/

Posted by warrantsmaster0 > 2020-09-16 11:56 | Report Abuse

: https://klse.i3investor.com/blogs/trading_warrants/2020-09-13-story-h1513467113-Take_Research_Reports_with_A_Pinch_of_Salt_Glove_Warrants.jsp

Posted by KK > 2020-09-16 12:19 | Report Abuse

https://www.youtube.com/watch?v=sEHutcEPszc

Posted by Newbie318 > 2020-09-16 12:55 | Report Abuse

https://www.youtube.com/watch?v=OFNHZiazK-g&feature=youtu.be

Posted by singunsin > 2020-09-16 13:08 | Report Abuse

https://www.wsj.com/articles/brokers-peddle-fake-medical-gloves-amid-coronavirus-shortages-11600179870

Posted by KK > 2020-09-16 13:13 | Report Abuse

https://klse.i3investor.com/blogs/trading_warrants/2020-09-13-story-h1513467113-Take_Research_Reports_with_A_Pinch_of_Salt_Glove_Warrants.jsp

Posted by TKLOOI > 2020-09-16 13:19 | Report Abuse

Coronavirus update: Latest news from around the world

https://www.cnn.com/world/live-news/coronavirus-pandemic-09-16-20-intl/h_2e2f271cc29816352e45c39c79fef5ba?adobe_mc=TS%3D1600231520%7CMCMID%3D00429070696907895587442677086625963313%7CMCAID%3D2D2101A0851D0D6B-60000162C0010BDD%7CMCORGID%3D7FF852E2556756057F000101%40AdobeOrg

Posted by vespa > 2020-09-16 16:21 | Report Abuse

TG Singapore price ramped up 2.94 as we speak ( 8.90 on 3.04 conversion Sing to RM)

Posted by KK > 2020-09-16 16:51 | Report Abuse

Tomorrow glove rally will lead by Tai Kor TG , break RM 9 will be excellent since it need play catch up with Singapore price

Posted by john1 > 2020-09-16 17:12 | Report Abuse

Tomorrow, glove counter hit again. No wonder full limit q 2 days go.

Posted by denzadesu > 2020-09-16 17:26 | Report Abuse

well2,
i wonder where the conmam team now?
so quiet..

out of idea?
what next,
vaccine news?
ban news?
glove oversupply?

haha

Posted by KK > 2020-09-16 17:46 | Report Abuse

https://klse.i3investor.com/blogs/sinchew_company_story/2020-09-15-story-h1513520091.jsp

Got oversupply? Demand affected by vaccine news ? Truth will surface and nobody can beat the trend..

Posted by tzjz2017 > 2020-09-16 18:08 | Report Abuse

Today TG Singapore closed at 3 (7.9%)! Tomorrow all glove counters will limit up again! Congratulations to all shareholders!

Posted by Mikecyc > 2020-09-16 18:50 |

Post removed.Why?

Posted by Mikecyc > 2020-09-16 18:51 |

Post removed.Why?

Posted by Mikecyc > 2020-09-16 18:51 | Report Abuse

10.8 b x 2x12 months = 259.2 billion demand for netx 12 months starting August 2020

Posted by Mikecyc > 2020-09-16 18:52 |

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Posted by Mikecyc > 2020-09-16 18:53 |

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Posted by Mikecyc > 2020-09-16 18:53 |

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Posted by Mikecyc > 2020-09-16 18:54 |

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Posted by Mikecyc > 2020-09-16 18:54 |

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Posted by Mikecyc > 2020-09-16 18:55 |

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Posted by Mikecyc > 2020-09-16 18:57 |

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Posted by Mikecyc > 2020-09-16 19:04 | Report Abuse

In terms of an increase in global production, CGSCIMB in a recent report noted that China glove makers had announced aggressive expansion plans.
“Recent media reports indicate that two China glove makers, Blue Sail Medical and Intco Medical, have ambitious plans to ramp up their nitrile glove production capacity. We gather that Blue Sail aims to raise its nitrile glove production capacity to 36.1 billion by end-2023 from 4.3 billion at end-2019.

“Intco plans to expand its nitrile glove capacity to 59.2 billion per annum by end-2023 from five billion at end-2019.”

Posted by Jeju88 > 2020-09-16 19:24 | Report Abuse

Yes, it has built a higher low & has made a strong base, now ready to fly up to a higher high. The last high was at rm5. 83. Wish all loyal careplus investors good luck.

Posted by denzadesu > 2020-09-16 19:27 | Report Abuse

mikecyc ia back,
spamming the same news, over and over,
tq for sharing,
but, pls2,
dont spam le.

Posted by meimei88 > 2020-09-16 19:56 | Report Abuse

can't he be banned or something

Posted by KK > 2020-09-16 20:27 | Report Abuse

https://www.globenewswire.com/news-release/2020/09/16/2094308/0/en/Global-15-73-Bn-Disposable-Gloves-Market-to-2027-The-Upside-and-Downside-of-the-Pandemic.html

Posted by bullshitslayer > 2020-09-16 20:29 | Report Abuse

keep going Mikecyc. I missed you already

Posted by Warren ala carte > 2020-09-16 20:40 | Report Abuse

Pfizer just announced its vaccine also got problem...last week was astra zeneca...well glove will continue to reign till next year...as for Russian vaccine, it was a publicity stunt, it's a total scam

Posted by SEE_Research > 2020-09-16 20:47 | Report Abuse

SEE_Research SGD 1.00 =RM 3.04

Pls note
Topglove in
Singapore Stock Exchange
At 16 September 2020
Closing
SGD 3.00 =RM 9.00

============================================
For 17 September 2020 /
Thursday

Expecting Topglove will gap up to RM 9.00 and above and take the leadership to lift up all the
4 KINGS /
Topglove
Supermax
Hartalega
Kossan

2nd tier
Comfort
Careplus
Rubberex
Adventa

3rd tier, inter related accessories, products of rubber gloves,

HLT ( rubber gloves dipping lines systems)
KSSC (rubber gloves dipping lines systems)
Esceram( rubber gloves molds)
16/09/2020 8:37 PM

Posted by denzadesu > 2020-09-16 20:50 | Report Abuse

just vaccine news,
wont affect glove demand,

plus, WHO and main vaccine world producer,
already report, vaccine wont be available soon,
better be careful, covid19 mutated, now more contagious than before.

Posted by dinbaba91 > 2020-09-16 20:52 | Report Abuse

https://nextinsight.net/story-archive-mainmenu-60/943-2020/13765-glove-stocks-acute-global-shortage-of-gloves-likely-to-worsen

Posted by KK > 2020-09-16 21:28 | Report Abuse

https://www.youtube.com/watch?v=fRaw5qNT3f8

Posted by Gooner82 > 2020-09-16 21:33 | Report Abuse

Hehehe tomorrow careplus will limit up again. I think if TG’s results around rm1.2-1.4B, they will go up to rm9.6 and supermax, careplus will gain at least 20pct tomorrow

Posted by Grandfather > 2020-09-16 21:45 | Report Abuse

kids, since TG will be announcing their qr profit tmrw, should i Q for this countr. Announcing early seems like a good news right?

Posted by JohnFarmer458 > 2020-09-16 22:07 | Report Abuse

Thursday, 17 September 2020 LIMIT UP
Top Glove RM8.43 -> RM10.96
Supermax RM8.37 -> RM10.88
Careplus RM RM3.24 -> RM4.21
HLT RM1.63 -> RM2.12

Posted by KK > 2020-09-16 22:49 | Report Abuse

https://www.foxbusiness.com/healthcare/coronavirus-vaccine-study-by-pfizer-shows-mostly-mild-to-moderate-side-effects

Posted by Mikecyc > 2020-09-16 22:52 |

Post removed.Why?

Posted by Mikecyc > 2020-09-16 22:53 |

Post removed.Why?

Posted by KK > 2020-09-16 22:53 | Report Abuse

WHY KEEP RECYCLE OLD NEWS?

Posted by Mikecyc > 2020-09-16 22:54 |

Post removed.Why?