From the historical record, it is hard to earn good profit from both comfort and seal polymer, thus I will take profit on half of my holding at 1.00. Will try again tomorrow.
1 billion glove maker , except Comfort which is around 0.5 billion market value and Latexx, i do not see any other company in Malaysia with this size and produced surgical glove.
Rubberex too small , Supermax is too big... , so the answer for Comfort is around 50%.
In terms of market capitalization the other top three are above RM1 billion, Comfort may sound possible at RM540 million whereas Rubberex is only RM186 million, the premium may be rather too high.
In May, TopGlove bought 2 factories, 1 in Muar & 1 in NS (both have strong market in China)
And TopGlove priority now is to expand China market and China will be the main growth for glove makers in 10yrs time. So its target should be glove makers with major export to China.
Currently Glove usage per year per capita: a) USA = more than 130pcs b) China = 5pcs
Think highest chances will go for supermx and comfort. To me, Supermx has glove city that is about 50 billion production capacity, Topglove after expansion is about 59-60 billion production capacity ..... in order to maintain at the top in world glove production, Topglove might go to invest in Supermx glove city project, and this might cost 1 billion and above.
Anyway, both has possibility and long term will have good prospects.
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abcb
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Posted by abcb > 2017-10-16 11:51 | Report Abuse
TP 4.00