"With regards to its nature of business, there is bound to be a continuing demand for gloves. This is due to strict regulations in place for the use of gloves for hygiene purposes in the healthcare and food sectors."
"Furthermore, based on a report by Deloitte, there has been a rising demand for healthcare services worldwide. "
"... is optimistic of better sales volume growth in 4QFY17 as raw material prices start to trend downward."
1 new line cost about 3-4mil and this 4 mil should included some replacement of wear and tear. The other way to check any increase of line is thru depreciation on Q-Q basis.
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VFTRADER
788 posts
Posted by VFTRADER > 2017-06-22 19:55 | Report Abuse
Today over bought index is only 28 (acceptable)
On 9-Jun, overbought index was 62 (very high).
So next supporting level will be 0.84.