i wonder wat all these negative ppl have to gain talking 5 3 5 4 nonsense here... go lick your own sour grapes la ong 9 9... curse ppls family sumore... pls la... jack ma will be vry sad ppl using his comp name to curse others... if lose alot money previously then stock doing stocks and go put your money in FD...
those who sold today i reallly no eye see. uncle already hint so obvious... and the buy queue you can see, if normal retailers wont be sapu 500lot per hand.
Posted by Henry8833 > May 20, 2020 3:08 PM | Report Abuse
Thank you Probability for the info. We are more certain that profits will jump a lot, not only costs, but ASP, and shortage of gloves in the international market.
probability IMPORTANT INFORMATION: ......................
Nitrile Gloves - raw material is 'Acrylonitrile-Butadiene Rubber'
The below article shows the price had decline 17% compared to mid of last year.
It dropped minimum another 10% just from Feb 2020 to March 2020! Infact it dropped from 16.000 RMB/ton to 12,800 RMB/ton. Huge plunge!
This means, even Without raising price of Gloves, Nitrile gloves manufacturer margins would expand by 10% from qtr ending Mar 20 results currently.
Analysis Points: Today (On March 31) domestic nitrile rubber transaction was light, and the mainstream average price was 14200 RMB/ton. According to SunSirs, the domestic nitrile rubber market prices fell. Langhua nitrile N41, 3305, 3308 mainstream prices were at 11,900 RMB/ton, 12,800 RMB/ton, and 12,900 RMB/ton respectively.
Those who r still screaming gap down...hope you learned your lesson. If you made a mistake, admit it, then join in the grp to profit together...no need to be so dengki/sore loser. Nvr fight against market sentiment..
Below is extract from Supermax qtr report released today.
They stressed Nitrile raw material cost reduced 11% year on year.
................
The demand of gloves has exponentially increased this year amid the global COVID-19 pandemic. The surge in demand has resulted in a rapid rise in average selling prices (ASPs), as buyers rush to secure their supply of personal protective equipment (PPE), including medical gloves.
As a result of the outbreak, the prices of oil and raw materials have fallen. Specifically, nitrile and natural rubber material prices have decreased by 11% and 6% respectively Year-on-Year,and 7.3% and 2.5% respectively Quarter-on-Quarter.
At the same time, the USD has strengthened against the MYR, by 2.18% Year-on-Year and 0.36% Quarter-on-Quarter.
The current market conditions favour Supermax Group, and our outlook is expected to remain strong for at least the next 1.5 to 2 years, while a vaccine against COVID-19 is still under development.
Following the outbreak of COVID-19 globally, the Company is seeing the emergence of new consumers and new consumption not previously seen. The pandemic has resulted in a demand surge for PPE products, including medical gloves.
The use of these protective and infection control products has expanded beyond healthcare and frontline workers to also include the general public.
Our usual 4-month working inventory at our distribution centres were sold within 6 weeks and at higher ASPs.
Supermax Group‟s Glove Manufacturing Division is strongly positioned for this opportunity to boost earnings and expedite and its capacity expansion plans.
The Company is building 3 new factories in tandem, allowing us to capitalize on the exponential growth in demand of medical gloves.
Although we are positive on the growth in the subsequent quarters, underpinned by an uptick in nitrile demand driven by restocking activities, players like Top Glove and Supermax could continue to be plagued by competitive pressure from low-margin latex gloves (accounting for an estimated 50% of the product mix of both players), which could offset gains in the nitrile segment.
to the journey rm3.00.. the short term destiny..rm3.00 is paktua destiny we will make it happen.. when we stand together fight.. be as a TEAM.. the TEAM = (Together Everyone Achieve More) lend word from @intouch..
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Posted by greatinvestor > 2020-05-20 16:45 | Report Abuse
Tomorrow GAP up don’t miss