Banker good heart pump to rm 1.xx within 2 months for u save capital but all the greedy still want higher n higher now deflate to 3x sens for u all to cry tearless !
Supermx biggest mistake is overestimated their investment in US factory before surging costs , now the USA site sure will burn their cash flow kaw kaw until 0 !
AGM nothing extraordinary. A lot of unhappiness over granting or issue of { share grant under LTIP } to eligible directors and staffs more share dilution. Outlook for gloves still cloudy facing more competition from China puts more uncertainty
Ya better all exit, rumours boss don't want glove business and want to sell, boss will take private, then sell to china man. Price not good, only 0.90 to 1.1. Nta 1.8, minority shareholders sure cry...but u don't have choice...take it or wait for close shop like japanese guy natsu??? comment
China covid19 surging cases trigger widespread of medicine shortage . China had banned export of medical supplies in 2020. I wont suprise it will ban it again in 2023 when cases surges to the new high.
China is likely experiencing 1 million Covid infections and 5,000 virus deaths every day as it grapples with what is expected to be the biggest outbreak the world has ever seen, according to a new analysis.
Breaking news: China want the glove manufacturer supplier to ramp up the production to support the potential high demand and build up inventory from the rising China Covid19 cases.
Asp of 15-17 is not possible now in the markets, expecting shortage of medical gloves in the coming weeks.
Beijing: China has requisitioned medical supplies production across the country as millions struggle to obtain basic drugs and testing kits in the face of a surge in Covid-19 cases.
Glove makers up in early trade following rise in Covid-19 cases in China -A+A KUALA LUMPUR (Dec 27): Glove makers' shares were up in early trade on Tuesday (Dec 27) following a rise in Covid-19 cases in China.
At 10.15am, Top Glove Corp Bhd was the second most actively traded counter, up 7.93% at 88.5 sen apiece, with 35.9 million shares done.
Other glove makers were also among the top 20 active counters, including Careplus Group Bhd, up 7.61% at 49.5 sen, with 14.9 million shares traded, Hartalega Holdings Bhd, up 5.92% at RM1.79, with 8.6 million shares done, and Supermax Corp Bhd, up 7.7% at 90 sen, with 6.3 million shares exchanging hands.
China is beginning to lift its more stringent Covid-19 restrictions, after nearly three years in isolation. But what could mark the end of its zero-Covid policy may be just the beginning of the country's pandemic problems.
According to Reuters, China's National Health Commission had confirmed 393,067 cases with symptoms as of Dec 22.
The commission reportedly said that it would no longer publish daily Covid-19 data from Sunday, amid doubts about its reliability.
China reported no Covid-19 deaths in the mainland for the six days through Sunday, the Chinese Center for Disease Control and Prevention said on Sunday.
However, at the same time, funeral homes and crematoriums in the country were reportedly struggling to meet demand.
Reuters cited one Shanghai hospital as telling its staff last week to prepare for a "tragic battle" with Covid-19, as it expects half the city's 25 million people to get infected by the end of the week after Christmas.
British-based health data firm Airfinity last week estimated that China is experiencing more than a million infections and 5,000 deaths a day.
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....
Investor126
358 posts
Posted by Investor126 > 2022-11-25 16:12 | Report Abuse
Expansion is just a smokescreen.
There are ways to shift the reserved cash away.