Posted by NPRA1985 > 2020-12-12 02:40 | Report Abuse

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle?type=malaysia

Posted by Legend > 2020-12-12 08:12 | Report Abuse

KUALA LUMPUR (Dec 11): JP Morgan has reinstated coverage of Top Glove Corp Bhd, but with an underweight recommendation and a fair value of RM3.50 — that's about half its current market price of RM6.90 — as it sees the passing of a supernormal growth cycle for glove makers, in anticipation of a huge oversupply in the market, as glove demand decelerates in tandem with the pace of testing for Covid-19.

Besides the world's largest rubber glove maker, it also initiated coverage of its closest peers Hartalega Holdings Bhd and Kossan Rubber Industries Bhd, also with UW ratings.

It gave a fair value of RM8.50 for Hartalega, down 38% from its last traded price of RM13.72, and a fair value of RM3.80 to Kossan, which is 30% less than its closing price of RM5.39 today.

Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year.

"Global testing trends have also plateaued, which ought to ease current supply tightness. JP Morgan’s proprietary fund flow analysis indicates the glove sector is a crowded trade, implying significant downside momentum. Near-term concerns on rising costs, plus long-term overcapacity risk, spell downside risks. Once Malaysia lifts the short selling ban, downward pressure could be amplified," they wrote.

JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over...

Posted by Mr.Sm Invest123 > 2020-12-12 09:40 | Report Abuse

JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over

KUALA LUMPUR (Dec 11): JP Morgan has reinstated coverage of Top Glove Corp Bhd, but with an underweight recommendation and a fair value of RM3.50 — that's about half its current market price of RM6.90 — as it sees the passing of a supernormal growth cycle for glove makers, in anticipation of a huge oversupply in the market, as glove demand decelerates in tandem with the pace of testing for Covid-19.

Besides the world's largest rubber glove maker, it also initiated coverage of its closest peers Hartalega Holdings Bhd and Kossan Rubber Industries Bhd, also with UW ratings.

It gave a fair value of RM8.50 for Hartalega, down 38% from its last traded price of RM13.72, and a fair value of RM3.80 to Kossan, which is 30% less than its closing price of RM5.39 today.

Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year.

| https://www.klsescreener.com/v2/news/view/765419

Posted by AxeCapital2077 > 2020-12-12 09:55 | Report Abuse

my grandma bought comfort coz it has a nice name for gloves even she sold already xD

Posted by gemfinder > 2020-12-12 09:58 |

Post removed.Why?

Posted by jolow > 2020-12-12 09:59 | Report Abuse

game over. play in bank sector

Posted by stockraider > 2020-12-12 10:38 | Report Abuse

THE DEMAND FOR GLOVES ALREADY PEAKED....THE NEXT STAGE IS FALLING DEMAND, OVERSUPPLY & FALLING PROFIT & SHARE PRICE LOH...!!

RUN B4 TOO LATE LOH...!!

Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year.

"Global testing trends have also plateaued, which ought to ease current supply tightness. JP Morgan’s proprietary fund flow analysis indicates the glove sector is a crowded trade, implying significant downside momentum. Near-term concerns on rising costs, plus long-term overcapacity risk, spell downside risks. Once Malaysia lifts the short selling ban, downward pressure could be amplified," they wrote.

In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. This, they wrote, may be an early indication that glove prices too have peaked, and similarly for producers’ profits and share prices.

Posted by Morpheus61 > 2020-12-12 10:39 | Report Abuse

Stokraider, honestly, which Invest Bank do you work for ?

Posted by stockraider > 2020-12-12 10:40 | Report Abuse

Get ready for the coming big upside potential of insas in view of its growth potential, value rerating and big improvement in financial stock business mah....!!

Jump in & buy big b4 too late loh....!!

INSAS IS A MISUNDERSTOOD STOCK LOH....!!

IF U LOOK BACK AT INSAS FOR PAST 10 YEARS, IT HAS BEEN CREATING VALUE NON STOCK ALMOST EVERY YEAR WITH INCREASING SHAREHOLDER FUND MAH...!!

THATS THE REASONS WHY ITS NTA GROW FROM RM 1.00 SAY 10 YEARS AGO TO ALMOST RM 4.00- 5.00 AS AT NOW MAH...!!

INSAS BIGGEST WINNER LIKE INARI, CONTRIBUTE MORE THAN RM 1.4B MARKET CAP & SMALLER WINNER LIKE SENGENIC CAN CONTRIBUTE MORE THAN RM 60M LOH...!!

SMALL INVESTMENT LIKE OMESTI & DGSB ARE DOING EXTREMELY WELL LOH...!!

INSAS IS LIKE BERKSHIRE HATHAWAY BUSINESS MODEL LOH...!!

BUT UNLIKE BERSHIRE, ACTUALLY INSAS IS BETTER IT PAYS DIVIDEND BUT BERSHIRE DON'T PAY LOH...!!

THOSE INVESTING IN INSAS IS GETTING COMPOUND GROWTH RETURN AVERAGING 10 TO 12% PA EVERY YEAR LOH....!!

IF U BUY INSAS NOW U R PAYING RM 0.865 FOR A FAIR VALUE OF RM 4.00 IN INSAS LOH....!!

A GREAT INVESTMENT LOH...!!

BUT MOST EXCITING PART THIS INSAS IS GROWING WITH GOOD PROFITABILITY MAH!


Just look at the amazing growth track record of value creation of insas for the past 10 yrs

Sept 2020- Nta Rm 2.75

June 2019- Nta Rm 2.62

Dec 2018- Nta Rm 2.54

Dec 2017..Nta rm 2.49

Dec 2016 ...Nta Rm 2.18

Dec 2015..Nta Rm 1.96

Dec 2014..Nta rm 1.82

Dec 2013 nta..rm 1.71

Dec 2012 nta ..rm 1.51

Dec 2011 nta..rm 1.38

Dec 2010 nta...rm 1.22

Dec 2009 nta ..rm 1.14

INSAS IS GROWING STRONGLY MAH....ONLY THOSE PEOPLE DO NOT UNDERSTAND BERKSHIRE HATHWAY BUSINESS MODEL ARE SAYING INSAS HATHWAY BUSINESS MODEL ARE LOUSY LOH...!!

BUT INSAS BUSINESS MODEL ARE SAME SAME MAH, IN FACT INSAS GENERATE COMPOUND EARNINGS OF 12% PA SAME SAME AS BERKSHIRE WOH..!!...HOW COULD BE BERKSHIRE VERY GOOD & INSAS VERY BAD LEH ??

Posted by Morpheus61 > 2020-12-12 10:46 | Report Abuse

I have to hand it to JP Morgan for that absolutely IMPECCABLE TIMING of that TP. Monday to Thursday is the VWAP calculation for MacQuaire C69.

BRILLIANT JP MORGUE

Posted by ooi8888 > 2020-12-12 11:24 | Report Abuse

JP Morgan only know how to jiak sai... from stockraider

Posted by jolow > 2020-12-12 11:29 | Report Abuse

life is like a dick
sometimes it's up
sometimes it's down
but it won't be hard forever

Posted by stockraider > 2020-12-12 11:30 |

Post removed.Why?

Posted by Morpheus61 > 2020-12-12 11:32 | Report Abuse

Stockraider, why the F88K you so concerned. It's not your money.

Posted by stockraider > 2020-12-12 11:42 |

Post removed.Why?

Posted by stockraider > 2020-12-12 11:43 |

Post removed.Why?

Posted by Morpheus61 > 2020-12-12 11:43 | Report Abuse

Warrant's List.
All you need to do is look at the Expiry Dates & Exercise Prices and compare with the Share Price of the ACTUAL ASSET (The SHARE) & THE ANALYSYTS TARGET PRICE.

What a co-incidence !

Out of Money !

https://imgur.com/KVsaLxJ



In the Money !

https://imgur.com/cEk679H

Posted by stockraider > 2020-12-12 11:46 | Report Abuse

LISTEN DON BE SOHAI...HOLDING ON A FALLING KNIFE ON GLOVES STOCK LOH...!!

RUN 1ST....U CAN ALWAYS REVISIT GLOVES AT A MUCH LOWER PRICE AT LATER MAH...!!

RUN EARLY LOSSES WILL BE MUCH LESSER NOW MAH...!!


THE INVESTMENT BANKERS ARE HELPING THE RETAILER & INVESTORS RUN B4 TOO LATE LOH!

IN KLSE IT WILL BE 1ST COME IST SERVE BASIS LOH...!!

JUST RUN B4 TOO LATE MAH...!!


SENSIBLE STUBBORN INVESTOR HOLDING ON NOW WILL BE LOSING 30% TO 50% OF HIS CAPITAL SOON MAH..!!

Posted by Morpheus61 > 2020-12-12 11:53 | Report Abuse

'Contracts For Difference' are issued on INDEXES & CURRENCY World over.

Only Futures & Options are issued on Equity. There is a difference. In Futures & Options the Underlying Asset (The Share) is actually delivered. In CFD's it's a Cash Settlement.

Like a Casino. Does the Casino Pay you in Cards ? Spades, Clubs, Hearts, Diamonds ?

Posted by stockraider > 2020-12-12 11:56 | Report Abuse

IF U R GLOVES INVESTOR THE RIGHT TIME TO PANIC IS NOW LOH...!!

JUST RUN B4 TOO LATE MAH....!!

Posted by stockraider > 2020-12-12 12:04 | Report Abuse

IT IS BETTER TO BE FEARFUL THAN HOPEFUL LOH...!!

TSUNAMI GLOVES CRASH IS COMING LOH...!!

Posted by Geek2020 > Dec 12, 2020 11:59 AM | Report Abuse

Aiya you all game over since dont know when. Windfall tax la, Russian vaccine la, emergency la, Pfizer, JP Morgan, FDA, ESG etc etc....

But prices are holding well. In facf, on Monday, it might just go up

Posted by ChaseBros > 2020-12-12 14:59 | Report Abuse

JPMorgan analysis is laughable like a Form 3 essay writing competition. Must be under a lot of pressure to report targeted profit by year end, and hope to press down the sector, in order to collect cheap and then push up. US market is directionless hovering around 30,000 points probably till Biden took office in Jan 2021, recycling among vaccine, unemployment, stimulus news.

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-make...

<1> Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year >>> The glove manufacturers already received orders through Apr 2022 and with 50% downpayment in some cases. The stockpile is critically low and whatever the user received today is barely enough to support daily activities, while it will take quite sometime to replenish the stockpile.

<2> In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. >>> This must be a joke, the record high cases seen in most part of the world including Malaysia which is set to surpass China in matter of days, is it not because of higher number of testing? or is it by telepathic guess-work?

<3> Once Malaysia lifts the short selling ban, downward pressure could be amplified >>> How do you know when IDSS will be reintroduced?

<4> While it is hard to measure the potential oversupply, we can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s >>> Oil palm is alternative to soy oil while glove is primary PPE and there is no substitute, and further to that, glove is on the rising horizon due to hygiene and health awareness.

...................... and we can go on and on to rebuke each and every single point.

Posted by ChaseBros > 2020-12-12 15:02 | Report Abuse

Bursa Malaysia rebukes Macquarie for Market Manipulation https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-mark...

Sep 29 2020 : JPMorgan Admits Spoofing by 15 Traders, Two Desks in Record Deal https://www.bloomberg.com/news/articles/2020-09-29/jpmorgan-pays-920-million-admits-misconduct-in-spoofing-probe

The last time Macquarie downgrades TG TP to RM5.45 in Sep, the glove stocks pick-up steam thereafter.

Posted by NPRA1985 > 2020-12-12 17:18 | Report Abuse

Pfizer Vaccine Cleared in U.S., a Landmark in Covid-19 Fight

Pfizer Inc. gained emergency U.S. authorization for its Covid-19 vaccine on Friday, completing an unprecedented scientific sprint that could eventually help bring an end to a pandemic that has killed nearly 300,000 Americans

https://www.bloomberg.com/news/articles/2020-12-12/pfizer-covid-vaccine-wins-u-s-fda-emergency-use-authorization

Posted by ChaseBros > 2020-12-12 17:19 | Report Abuse

http://www.aastocks.com/en/funds/quote/quote.aspx?funds=1127

JPMorgan Msia top holdings :

TopGlove 9.8%
PBB 9.3%
TNB 6.8%
Hartalega 6.7%
MBB 6.1% so on and so forth

And, that is how you should diversify your portfolio. Not all-in one counter or sector, or everyday yelling buy, buy, buy or sell, sell, sell like a gambling den.

And do you think JPMorgan would be so kind to ask you to run first so they would incur big losses and kena "goreng-sotong"? Year end window dressing coming already, probably 1 week before Christmas and New Year holiday?

Posted by Cash Only > 2020-12-12 17:23 | Report Abuse

https://www.facebook.com/watch/?v=1046002255918514

Posted by ChaseBros > 2020-12-12 17:57 | Report Abuse

<< Cash Only >> Thanks for sharing. Many countries are not only worried but frightened with short of medical grade gloves and this situation will persist at least for next couple years. The analysts should have such info with them.

Posted by benykp > 2020-12-12 17:58 | Report Abuse

Long lecture. Sell. Kind Samaritans reminding you again and again to sell. So motivated and caring.

Posted by xcu843 > 2020-12-12 18:07 | Report Abuse

Vaccine approved only for emergency use, not all the country will follow United States. It still got some risk. Health care product like glove and face mask still can survive.

Posted by selesa2020 > 2020-12-12 18:15 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2020/12/12/research-model-puts-new-covid-19-cases-at-5000-in-march/

Posted by Wukong > 2020-12-12 21:29 | Report Abuse

摩根大通：全球产能料过剩 顶级手套或跌至RM3.50！
2020年12月12日
（吉隆坡12日讯）摩根大通（JPMorgan）预测，一旦新冠肺炎疫苗变得触手可及，全球手套市场将出现供应过剩的情况；该行因此把全球最大手套龙头顶级手套（TOPGLOV，7113，主要板医疗保健）的合理价，大幅下调至3.50令吉。

摩根大通在分析报告中指出，手套价格料在明年下半年走软，这意味手套业者的超强盈利能力将结束，使股价存在巨大下行风险。


该行将顶级手套的合理价下调至3.50令吉。若根据周五（11日）闭市水平6.90令吉计算，意即该股有接近50%的下跌空间。

同时，摩根大通也对贺特佳（HARTA，5168，主要板工业）的合理价调整至8.50令吉，对比周五闭市价13.72令吉，也有38%下跌空间。

至于高产柅品（KOSSAN， 7153，主要板工业）的合理价也从周五闭市价5.39令吉，进一步下调至3.80令吉，下跌空间达30%。

摩根大通预测待一旦疫苗变得触手可及，全球手套市场将出现供应过剩的情况，因此大砍手套股合理价高达50%。（彭博社）
摩根大通预测待一旦疫苗变得触手可及，全球手套市场将出现供应过剩的情况，因此大砍手套股合理价高达50%。（彭博社）
或重演棕油过剩情况
“我们的合理价预测是根据公司经常性收入作为评估标准。目前每1000只手套的市场价是100美元（约405令吉），是疫情前价格的5倍。”

摩根大通指出，该行对于2022年手套价格的基准预测是每1000只手套30美元（约122令吉）。也就是说，手套的超强盈利能力将走向终点，股价下行空间高达40%至50%。

“只要马股的卖空禁令一解除，手套股的卖压风险就更大。”

摩根大通指出，目前最令人担心的是手套供应过剩的问题。毕竟除了我国四大天王-顶级手套、速柏玛、贺特佳和高产柅品大举扩张，其他新业者也不断涌入。

“虽然目前仍难以估计手套市场的过剩情况将会有多严重，但这可从2000年时期，原棕油盈利超涨的情况借鉴。”

摩根大通解释道，自原棕油盈利暴涨后之后的10年内，都出现了供应过剩的情况。此情此景，或与当前的手套领域相似。

因此该行指出，手套业近期内的下行风险是成本开销增长，长期风险则是产能过剩。

股价上行空间达到顶限

政联资金唯一救星
摩根大通指出，我国政联企业资金是手套领域的唯一希望；但近来可见公积金局也在不断抛售手套股（顶级手套）。

该行指出，目前我国四大手套股的总市值高达1700亿令吉，而我国非政府关联基金的总管理资产值（AUM）仅有1122亿令吉，相当于四大天王手套股的总市值的66%。

“但本地基金已将管理资产值的高达11%投入手套股，已是很高的占比。再加上今年来本地散户和外资不断涌入手套股，已是历史新高纪录。”

摩根大通指出，目前市场已找不到多余资金可提振手套股，除非政府有意注资提振该领域。

“换言之，手套股的上行空间已达到顶限。”

针对市场预期全球手套使用率在疫情后仍会增长一倍，摩根大通认为这项预期过于乐观。

“毕竟全球总人口的成长，其实比手套产能的增长还要慢。”

Posted by stockraider > 2020-12-12 22:46 |

Post removed.Why?

Posted by stockraider > 2020-12-12 22:52 | Report Abuse

STAY ON TRACK WITH INSAS, U DEFINITELY WILL MAKE MONIES MAH...!!

FUNDAMENTALLY VERY SOUND MAH....!!

JUST BUY LOH...!

Get ready for the coming big upside potential of insas in view of its growth potential, value rerating and big improvement in financial stock business mah....!!

Jump in & buy big b4 too late loh....!!

INSAS IS A MISUNDERSTOOD STOCK LOH....!!

IF U LOOK BACK AT INSAS FOR PAST 10 YEARS, IT HAS BEEN CREATING VALUE NON STOCK ALMOST EVERY YEAR WITH INCREASING SHAREHOLDER FUND MAH...!!

THATS THE REASONS WHY ITS NTA GROW FROM RM 1.00 SAY 10 YEARS AGO TO ALMOST RM 4.00- 5.00 AS AT NOW MAH...!!

INSAS BIGGEST WINNER LIKE INARI, CONTRIBUTE MORE THAN RM 1.4B MARKET CAP & SMALLER WINNER LIKE SENGENIC CAN CONTRIBUTE MORE THAN RM 60M LOH...!!

SMALL INVESTMENT LIKE OMESTI & DGSB ARE DOING EXTREMELY WELL LOH...!!

INSAS IS LIKE BERKSHIRE HATHAWAY BUSINESS MODEL LOH...!!

BUT UNLIKE BERSHIRE, ACTUALLY INSAS IS BETTER IT PAYS DIVIDEND BUT BERSHIRE DON'T PAY LOH...!!

THOSE INVESTING IN INSAS IS GETTING COMPOUND GROWTH RETURN AVERAGING 10 TO 12% PA EVERY YEAR LOH....!!

IF U BUY INSAS NOW U R PAYING RM 0.865 FOR A FAIR VALUE OF RM 4.00 IN INSAS LOH....!!

A GREAT INVESTMENT LOH...!!

BUT MOST EXCITING PART THIS INSAS IS GROWING WITH GOOD PROFITABILITY MAH!


Just look at the amazing growth track record of value creation of insas for the past 10 yrs

Sept 2020- Nta Rm 2.75

June 2019- Nta Rm 2.62

Dec 2018- Nta Rm 2.54

Dec 2017..Nta rm 2.49

Dec 2016 ...Nta Rm 2.18

Dec 2015..Nta Rm 1.96

Dec 2014..Nta rm 1.82

Dec 2013 nta..rm 1.71

Dec 2012 nta ..rm 1.51

Dec 2011 nta..rm 1.38

Dec 2010 nta...rm 1.22

Dec 2009 nta ..rm 1.14

INSAS IS GROWING STRONGLY MAH....ONLY THOSE PEOPLE DO NOT UNDERSTAND BERKSHIRE HATHWAY BUSINESS MODEL ARE SAYING INSAS HATHWAY BUSINESS MODEL ARE LOUSY LOH...!!

BUT INSAS BUSINESS MODEL ARE SAME SAME MAH, IN FACT INSAS GENERATE COMPOUND EARNINGS OF 12% PA SAME SAME AS BERKSHIRE WOH..!!...HOW COULD BE BERKSHIRE VERY GOOD & INSAS VERY BAD LEH ??

Posted by NPRA1985 > 2020-12-13 17:44 | Report Abuse

Bahrain Approves China’s Sinopharm Covid-19 Vaccine

Bahrain approved the registration of the Sinopharm Group Co Ltd. vaccine against the coronavirus, about a week after the United Arab Emirates registered the Chinese-made vaccine.

“Results from Phase III clinical trials showed an 86% efficacy rate, a 99% seroconversion rate of neutralizing antibody and 100% effectiveness in preventing moderate and severe cases of Covid-19,” the National Health Regulatory Authority said in a statement Sunday.

Bahrain has participated in phase III clinical trials, in which more than 7,700 volunteers signed up. Bahrain had previously authorized the emergency use of the vaccine, which was provided to frontline workers in contact with coronavirus patients.

The UAE registered the Sinopharm vaccine after finding it had a 86% efficacy rate, paving the way for a full public use and allowing for a re-opening of the Gulf nation’s economy.

Egypt plans to start the process of inoculation against the coronavirus after receiving the first shipments of Sinopharm vaccine.

https://www.bloomberg.com/news/articles/2020-12-13/bahrain-approves-china-s-sinopharm-covid-19-vaccine

https://abcnews.go.com/Health/wireStory/bahrain-approves-chinese-covid-19-vaccine-74699175

Posted by NPRA1985 > 2020-12-13 18:21 | Report Abuse

Govt to increase Covid-19 vaccine purchase to cover 60%-70% of M'sians — PM

The government has plans to increase its purchase of the Covid-19 vaccine to cover the immunisation needs of about 60%-70% of Malaysians compared with 30% currently.

Prime Minister Tan Sri Muhyiddin Yassin said this was because some nations had purchased doses exceeding their population.

“As for Malaysia, we have already got 30%. I have instructed Health Minister Datuk Seri Dr Adham Baba along with [Science, Technology and Innovation Minister] Khairy Jamaluddin Abu Bakar to negotiate and increase it from 30% to 60% or 70%.

https://www.theedgemarkets.com/article/govt-mulls-increasing-covid19-vaccine-purchase-30-6070-meet-msians-immunisation-needs-%E2%80%94-pm

Posted by Everybodyhuat > 2020-12-13 18:43 | Report Abuse

Do you know that if retailers start disposing glove stocks, who stand to benefit the most? Bank stocks. This is because many retailers who bought and hold glove stocks are holding on for strong fundamental and the same guy would have bought banking stocks if not for the gloves. These banks would want more bad news for gloves, so that retailers will switch their portfolio to banking stocks. Imagine billions of stock worth money suddenly switch to banks. Their stock price will jump up. Now you know why there is a thorough effort to create bad news for glove industry especially the big brother Top Glove?

Posted by NPRA1985 > 2020-12-13 20:22 | Report Abuse

COVID-19 vaccine is permissible for Muslim use, preservation of life is key consideration: MUIS

SINGAPORE: The Islamic Religious Council of Singapore (MUIS) said on Sunday (Dec 13) that it "holds the position that a COVID-19 vaccine is permissible for Muslim use".

"We would advise and encourage Muslims to be vaccinated once it is available and when the vaccine has been medically authorised as safe and effective, as this is a basic necessity to protect lives in the context of a global pandemic," said MUIS.

The council made its religious position on the vaccine known in a media release.

It said that the objectives of introducing a COVID-19 vaccine and the processes involved in producing vaccines are "largely aligned to established Islamic principles and values".

Islamic jurisprudence places great importance on the sanctity and safety of human life and the protection of livelihoods, it said.

Efforts to protect human life from any form of danger and harm, such as the development of vaccines, are therefore highly encouraged in Islam, it added.

https://www.channelnewsasia.com/news/singapore/covid-19-vaccine-muis-permissible-for-muslim-use-halal-13762806

Posted by benykp > 2020-12-13 22:13 | Report Abuse

https://www.prnewswire.com/news-releases/nitrile-gloves-market-size-worth-8-98-billion-by-2027--cagr-14-1-grand-view-research-inc-301125277.html

https://www.theedgemarkets.com/article/comfort-gloves-majority-shareholder-sells-stake

Please sell. Cycle is over. Sell sell sell.

Posted by ChaseBros > 2020-12-13 22:58 | Report Abuse

https://www3.nhk.or.jp/nhkworld/en/news/backstories/1421/ Japan's hospitals facing medical glove shortage

A recent survey of medical staff involved in the fight against COVID-19 found the shortage is becoming a serious issue nationwide. Almost 60 percent of those who responded said that they were running out.

Some facilities have resorted to using gloves that are not medical grade, but Professor Sugawara Erisa, an infection control expert at Tokyo Healthcare University, says that's putting people at risk.

"Sending frontline workers in without medical-grade gloves is like sending them to war without ammunition," she says.

Posted by ChaseBros > 2020-12-13 23:00 | Report Abuse

Whoever claim ASP is dropping, glove is oversupply, please leave your contact, how much you have in hand and how much you are willing to let go including lead time because I have inquiries from overseas and willing to pay 50% upfront (and additional premium/bonus for shorter delivery). It's better than trading glove stock.

Common sense lah, Covid cases are shooting up and number of people drop death are increasing day by day and this is only the beginning of winter. Hospitals are turning away non critical procedures/surgeries. Medical grade glove already running out in many countries. By the way, glove market span over 195 countries. The annual consumption is 350 billion, thus whether or not they wear glove for vaccination, there is little impact. 10% annual demand growth is expected as evident from past few years record, thus glove manufacturers are playing catching up and it may be another 3 years or more.

Posted by themeg > 2020-12-14 00:14 | Report Abuse

@ChaseBros great write up. all these are facts. thank you.

Posted by AxeCapital2077 > 2020-12-14 08:56 | Report Abuse

There’s always bear and bull case. Anyone can justify why they THINK a sector will go up or die down

Posted by Dannyfyl88 > 2020-12-14 09:00 | Report Abuse

Going to be another Lau Sai week folks. Have to say the opposite. Everytime we hope for up, it is Lau Sai days...

Posted by Timercheng > 2020-12-14 09:20 | Report Abuse

Kaki contra , margin player kena kau2, so don"t plays with Operators

Posted by Timercheng > 2020-12-14 09:35 | Report Abuse

Only long term investors will exist

Posted by Play_Joy > 2020-12-14 09:52 | Report Abuse

those without holding power....institution & investment bank will thank you....especially JPMorgan, let you sell and collect from you....good luck guys

Posted by Baby Shark > 2020-12-14 09:58 | Report Abuse

Rugi besar.. bought sikit 2.29

Posted by Baby Shark > 2020-12-14 10:02 | Report Abuse

Dis is the onli counter I rugi among all my counters..

Posted by Liquidity > 2020-12-14 10:02 | Report Abuse

really all in now. bought at 3.25. shit better go up.

Posted by thlim123 > 2020-12-14 10:04 | Report Abuse

I bought at 3.98