ok i will hold. If u think about it kens88, how does a rally begin? when qr releases good results and when the banks give positive outlooks like what rhb and affin hwang is giving. But now i dont even see a rally, its just a sea of red blood. u can say oh well where to invest in. honestly i also dont know the answer except for gloves. will hold until break even at or more abit
Malaysia investors not very smart when come to buying shares. Because of so many dumb fellas, the smarter ones also need to act and think stupid so that will not be burned by these fellas. Good stock and ever growing demand, still shout about selling.
Malaysia's glove makers struggle to meet booming demand By AFP September 5, 2020 @ 10:00am - NSTP / FAIZ ANUAR
PARIS: With no end in sight to the coronavirus pandemic, worldwide demand for surgical gloves – as for other types of personal protective equipment – is booming, leaving manufacturers struggling to keep up.
The global PPE market – from masks, gowns and gloves, to shoes and sanitising gels – is expected to balloon from US$52 billion in 2019 to US$93 billion in 2027, according to German market data specialist, Statista.
And, like other such products that were previously predominantly the domain of specialist medical personnel, the surgical glove has become much sought after even by the general public.
US-based Allied Market Research estimates that the global disposable gloves market amounted to US$6.8 billion in 2019, and is expected to nearly triple to US$18.8 billion by 2027.
Covid-19: Malaysia's Top Glove overwhelmed by international orders Spike in demand for rubber gloves: Top Glove to the rescue Top Glove now Malaysia's second-biggest company Just as worldwide shortages of masks and disinfectant gels have pushed up the prices of those products, single-use medical gloves have become increasingly difficult and costly to come by during the health crisis.
Malaysia is the world's biggest maker of rubber gloves, accounting for around 60 per cent of global exports.
And according to the Malaysian manufacturers' association MARGMA, worldwide demand is projected to rise from 296 billion in 2019 to 330 billion this year.
Given the surge, the industry is forecasting a shortage that is expected to last well into next year, MARGMA said.
Malaysian manufacturer Top Glove, which describes itself as the world's biggest producer of rubber gloves, said it is seeing orders for 11-12 billion a month, compared with 4.5 billion prior to the pandemic.
As a result, customers must now wait nearly 600 days for their orders to be filled, compared with a normal delivery time of 30-40 days, said chief executive, Lim Wee Chai.
In addition, with raw materials in short supply, production costs are also rising.
"The shortage of raw material for our nitrile gloves and the disruption to the supply or production of other material such as packaging materials due to the global lockdown, has caused an increase in the production cost," said Top Glove.
That would be passed on to customers in the form of higher prices.
While health experts argue that regular handwashing offers better protection against Covid-19 than gloves, the current boom for PPE is expected to pose another problem further down the line.
Environmental campaigners are concerned that millions of tonnes of single-use gloves will end up polluting the oceans.
Comfort is not a kaki lima company , with the current quarterly report 43 m after tax abt 43 m. So one yr will be 172 m ..It will be more if more output as demand more than supply now
Support seems to be at Rm 4.00 +-Rm0.05. Might be the time to enter. Good quarterly results, good economic environment (for gloves). KIV of a covid vaccine, that might disrupt this share
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tahong
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Posted by tahong > 2020-09-08 10:33 | Report Abuse
Top up if got money