Humble Boy how sure are you that the glove making will be called off when they have joint venture agrrement already. What if they confrim on the production during the coming quarter results? we wouldnt know what's coming out and i am very excited to see the good news
Prata333 By the time Luster glove factory is in operation (if it ever been built), the glove demand and its asp price will already normalized to precovid level. Glove manufacturing is a tough business prior to covid pandemic and a lot of small glove companies hardly survive. Luster's management decision to venture into glove is not really a good news. It is much better if they can focus and expand on their core business in manufacturing and property development which they have done quite good so far with the new management team lead by Chuah.
Yingying, I believe going into joint venture for bringing up the profit gurantee is not a bad decision. Joining into agreement proves the legitimate project nor business they are going into. Since Luster is already so diversified, it is no any bad reasons for them to joint a new subsidiary in as that shows the expand in internal too. I personally believe Director Chuah is making changes to adopt all his company to current situation making best or maximum return. Developing property is already in such bad situation due to current pandemic where i believe Mr Chuah has its own direction and his own foreseen future for this Glove Venture project.
Do u guy remember during the H1N1 pandemic? Look at the situation of glove uptrends even after the vaccines is out. Could possibly happen again like how it was in the past
Like i said on Monday, good news is coming. LUSTER has never disappoint me. Management is strong. It has strong financials and balance sheet. go read up before saying. Compare to the rest like AT who are making losses.
Luster concrete n genuine . Glove is just addition . As it is the co is profitable with or without glove. N the glove business comes w profit guarantee . Hope it goes to at the v least 50 sen soon
The marketing team of luster is terrible. Every time a news comes out, they are not able to sell the news nicely to the public. That's why Luster is so slow, and inactive.
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Patientiskey
9 posts
Posted by Patientiskey > 2020-11-21 14:07 | Report Abuse
0.7 market value 1687 millions.
Almost like rubberex the value
Luster have to make more profit