Last quarter they did make RM40m profit, the losses they registered is due to impairment because they closed down one of their most inefficient factory, just paper loss for accounting reasons. Doubt they will shut down any more factories, thus, if everything is ok, next quarter they will still register a profit, only how much.
Malaysia glove already lost 30% market to china cheapest with quality gloves , china dump price strategy already killed malaysia glove sector , millions of millions losses is the only rewards to holder !
Mostly goreng stocks NatsukoMishima had introduced 😑 _______ When u say vstec ,gtronics , ranhill , dnex are goreng stocks i know u are a newbies vegetable to be cutted by bankers ! 5 years later u see how many glove factories left in malaysia n how many losses they make later ! Small kid go back learn more only come to talk !
China glove companies do not have much competitive edge against the BIG 4. Price war is not gonna to sustain for long time especially with most of the local giants are having solid cash piles in accounts.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NatsukoMishima
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Posted by NatsukoMishima > 2023-06-30 19:35 | Report Abuse
Dont net loss already lucky u still hope rm 40 profit per qr ???