A technical rebound only. Currently, utilisation is less than 50% as per management guidance and existing inventory are being sold lower than USD20 per 1k due to pressure for China players. Customers are still holding on average 6 mths of inventory depending on sector. On top of current labor cost increase from 1.2k to 1.5k and surge in energy cost by 25% in Q2 2022 as mentioned by Gas Malaysia, will likely push makers towards heavier loss in coming quarters.
Wow banker suddenly pivot u turn just like uk gormen , all smart money rush back to tech stocks , glove fools once again buy high trapped high or sell low at 1.20 soon !
NatsukoMishima
4,350 posts
Posted by NatsukoMishima > 2 hours ago | Report Abuse
History once again will teach all glove fools an expensive lesson which is never buy a sunset business with challenges with China ! U think it will hit rm 2 .xx but too bad banker more clever n faster than u all !
Where is the coronavirus surging around the world? Signs point to a surge in Europe, which could foretell another winter wave in the United States. Cases rose by 104 percent in Portugal and 42 percent in Switzerland over the past week, while the virus has also surged in Germany, France, Italy and Austria, according to The Washington Post’s coronavirus tracker.
The World Health Organization and European Center for Disease Prevention and Control warned Wednesday that the continent is probably entering a new covid wave, which will coincide with a resurgence in the flu. In the ECDC’s latest weekly report, it noted “widespread increases were being observed in all indicators,” including cases, hospitalizations and deaths across the continent.
Covid cases are also up in parts of Asia, including South Korea, Taiwan and Japan, which have dropped most of their travel restrictions in recent months.
In Singapore, which has seen a 44 percent increase in the average number of daily reported cases over the past week, the Ministry of Health said Saturday that an omicron subvariant known as XBB jumped from a 22 percent share of local cases to 54 percent over the course of a week.
When cases rise in Europe, it’s often “just a matter of weeks or months” until a surge follows in the United States, said Sanjana Ravi, a visiting assistant scientist at the Johns Hopkins Center for Health Security at the Bloomberg School of Public Health.
“We saw that with the delta variant. We saw that with the omicron variant,” Ravi said. “I think it’s safe to take precautions considering that we’re starting to see those numbers go up again in Europe now.”
Winter last till Feb 2023? ASP still low? What happens when they up ASP 10% ? 2023 will be a bull year ?
channel checks with glove makers indicate continued weak demand, while there has been no increase in orders despite the emergence of new Covid-19 variants. Glove makers are reporting that their utilisation rate remains low at 50-55%. Costs remain elevated, while ASP hikes have been difficult to implement given the current supply-led industry dynamics. We expect ASPs to stabilise at US$20-21 per 1,000 pieces (below pre-pandemic levels), with slow recovery anticipated in the midterm (three to six months).
Which are sector that benefit from hypeinflation? When inflation rises and purchasing power decreases, many investors turn to real assets for an inflation hedge. Of the many physical items available for investment, wine remains one of the best performers. Real estate. ... Energy. ... Bonds. ... Financial Companies. ... Commodities. ... Healthcare. ... Consumer staples.
When there’s uncertainty in the market, the healthcare sector can provide inflation protection. For example, a Deloitte report found that the COVID-19 pandemic conditions coupled with advancements in science, technology, and analytics have been a catalyst for transformation in the industry.
The healthcare sector is also growing significantly faster than the overall global economy. However, the healthcare sector is broad and incorporates biotechnical companies, medical device companies, insurers, and healthcare providers, which could offer decent inflation protection.
European, US officials track BQ.1 Omicron subvariant rises Oct 24, 2022
The European Centre for Disease Prevention and Control (ECDC) late last week projected that the Omicron BQ.1 sublineage and its offshoots will likely fuel rises in COVID-19 activity in the weeks and months ahead.
In the United States, the Centers for Disease Prevention and Control (CDC) said last week that BQ.1 and BQ.1.1 are spreading relatively quickly, but still make up a small proportion of the overall variant picture.
As summer drew to a close, health officials warned that a variety of Omicron subvariants could drive a winter surge, but now there seem to be a few frontrunners, such as BQ.1 in Europe and XBB in parts of Asia...
Covid is not over. AFTER profit taking, be sure of another rise. Hold tight..
Investor alert: Maybank investment annoucement. Pls informed some trades done 5/Oct/2022 were overcharged in brokerage amount fee. Our team is midst in rectifying the issue.
Malaysia rubber gloves is the best in the world... will not leak under pressure... demand increase...low quality rubber gloves competitors stop production due to zero covid instructions...
Nothing can stop virus...not even the best warrior in history...not even the biggest n strongest creature on earth...virus can Only block by High quality Malaysia rubber gloves...
I was caught with 8,793 shrs (incl dividend shrs) @ a high average cost of just over $1.99 & then forced myself to average down patiently @ 90.5c, 75c, 76c, 70.8c, 70.7c, 67.5c, 66.5c & finally @ 70.3c in the past 2 mths... to bring my holdings to 17,385 shrs. Stopped buying when the downtrend ended but it failed to return to my correction tgt of below 80c so I added more @ 96c today.
MALAYSIA RUBBER GLOVES IS THE BEST IN THE WORLD...WILL NOT LEAK UNDER PRESSURE...low quality rubber gloves competitors stop production due to zero covid instruction...tripledemic is coming...demand increase...UPTREND MARI...BUY SUPERMX...
For the financial year ended 30 June 2022, the Supermax Group achieved another extraordinary set of results, second only to the year before when the Group recorded its best ever returns from the very favourable market conditions which lasted throughout the financial year. In this financial year, the Group achieved a very creditable performance with revenue of well over RM2.6 billion and profit before tax of over RM1.0 billion. Its net assets have continued to rise, achieving its highest ever level of over RM5.0 billion, and with a cash pile of about RM3.0 billion as at the financial year end, it is in a strong position to weather the current challenging market conditions. About RM1.3 billion has been set aside for the Group’s expansion plans in Malaysia and a further USD550 million allocated for Phase #1 and Phase #2 of its manufacturing project in the US.
Disney Resort Shanghai menghentikan operasi serta-merta dalam mematuhi langkah pencegahan COVID-19 bermula Isnin.
Memetik laporan Reuters, semua pengunjung dan tetamu yang ada di premis tidak dibenarkan keluar dari kawasan itu dan hanya dibenarkan beredar sekiranya keputusan pemeriksaan COVID-19 adalah negatif.
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....
Larn
280 posts
Posted by Larn > 2022-10-17 15:35 | Report Abuse
carefull...pullback...