With no signs of slowing down in new daily COVID-19 cases worldwide, the demand for medical gloves will remain elevated next year, said MIDF Research which has upgraded its call on the glove sector to “positive” from “neutral” previously.
The research house said mass testing is expected to continue in order to curb further pandemic spreading, thus increasing the use of medical gloves.
“Gloves will also be used as a protective and preventive gear. We expect that average selling prices (ASPs) are likely to remain high in financial year 2021 based on a base-case scenario of vaccine availability in mid-2021,” it said in a note today, adding that the administration of vaccines will also require the usage of gloves.
Quite sad..As IB's presses the big 2, the 2nd tiers had to take the beating as well..Otherwise Careplus would have easily touched 5 this week..Now another 3 days of further pressing will push the gloves stock price lower..Possibly end of this week or Monday / Tuesday we can hope for a reversal..Till then trade carefully guys..
8:48 p.m. Brazilian President Jair Bolsonaro says on Facebook that his government will not buy China's Sinovac vaccine, after the health minister said on Tuesday it would be included in the nation's immunization program.
the past 7months of pandemic really bare it all. the following sector take the hit like no one's business:
banking -harder to lend money, unclaim loan, business struggling to pay hospitality -loss that may not recover, more hotels close than open airliners -one the verge of bankruptcy, world wide. manufacturing -low output, no sale, no revenue energy- factory low capacity & shop close, less energy use. oil and gas -no end in sight,massive layoff worldwide. property -gluts everywhere, unsold units, more condos but no buyer construction -need vaccine for workers to work,definitely not until 2021 . . . u can list it.
in BURSA the only bright spot with REAL revenue and profit, is GLOVE sector. its also a business thats so easy to understand. try BANKING sector, i bet not everyone understand loan impairment loss.
BURSA unfortunately doesn't have diverse tech sector which investor can ride on, for that u have to go outside. really, the brightest star is GLOVE. say what you want, until only after vaccine is found and 50% world population are inoculated, it is still GLOVE that will be making REAL MONEY. be a smart investor, ignore the naysayers.
DISCLAIMER: this is not a sell/buy advise. pls do your own research.
On the potential implementation of the windfall tax, analysts believe it
This is FAKE news. The full sentence (in today's The Star) is: " On the potential implementation of the windfall tax, analysts believe it would still be a no go"
Be careful of these lowlifes, trying to mislead ppl. mf lives up to his name i guess :)
It won’t be that good because the selling of the gloves production line to ansell and they calculated the one off profit from selling into the last quarter
temrocket, if that is so Why top glove sell their glove to ansell and let them marketing ? can't top glove do it self? weird here people just come in and talk bad about careplus. if u wanna buy top glove just buy , if u wanna buy rubbrex just buy. Zzz
He asked you not to waste time over here but he is willing to spend time over here to ask you to do so ...sincerely who will do so? who will check on the shares they are not interested in at the first place?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KK
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Posted by KK > 2020-10-21 19:52 | Report Abuse
https://www.theedgemarkets.com/article/glove-stocks-dominate-list-top-losers-investors-take-profit-vaccine-news