Posted by Investoz88 > 2022-01-19 08:29 | Report Abuse

See quite a few favorable things going for gloves companies..
1. Analysts predicted pandemic ending after vaccine rolled out. But WHO cautioned that unvaccinated countries will prolong pandemic and all are not safe until whole world is. Omicron is one of many others..
2. Omicron caused new record cases and hospitalizations. Likely restocking and demands are back.
3. ASP should be stabilised or even go up with elevated demands and lower than expected supplies.
4. Cost of raw materials are down to normalised level.
5. USD up, RM down will increase margin and profits.
6. Current PE is too low due to sentiment. Likely to trend back to above 15 times with re rating on the card due to above factors.
7. Funds and Institutions likely rotate back to healthcare from other expensive sectors. Dow correction coming?
8. Above scenarios happened before.. can repeat again.

Posted by Ryan83 > 2022-01-19 08:39 | Report Abuse

The major averages fell sharply Tuesday as government bond yields hit Covid-era highs and after Goldman Sachs reported disappointing earnings.

The Dow Jones Industrial Average slipped 543.34 points, or 1.5%, to close at 35,368.47. The S&P 500 fell 1.8% to 4,577.11, and the Nasdaq Composite declined 2.6% to 14,506.90, hitting its lowest level in three months.

The technology-focused Nasdaq sits more than 10% from its most recent high and closed below its 200-day moving average for the first time since April 2020. The small-cap benchmark Russell 2000 slid nearly 3.1%.

Technology stocks declined on Tuesday, continuing their downward trend in 2022 as interest rates rise. Higher rates typically hurt growth pockets of the market that rely on low rates to borrow for investing in innovation. Further, their future earnings look less attractive when rates are spiking.

Posted by mh87 > 2022-01-19 09:07 | Report Abuse

Global market already reacted earlier to rate hike.

Same goes to glove stock after high vaccination rate and economy reopening. No matter how high covid19 record by global it does not boost glove stock share price anymore.

Posted by Up_again > 2022-01-19 09:23 | Report Abuse

Some people think nitrile grow on rubber trees lol

nitrile is derived from acrylonitrile, butadiene, as well as various chemicals (almost all of which are petroleum derivatives), the industry leaders are expecting nitrile prices to eventually increase in accordance with the rise in crude oil prices.

Posted by UlarSawa > 2022-01-19 09:35 | Report Abuse

What lah. Become teacher again kah. Nitrile price ada drop sikit sikit levery qtr lah. You takda baca Taikor news kah. Director ada shiw report about it lah. Nitrile price will drop when demand drop mah. Dont forget supply also increased with new plants mah. You wait lah. Se QR out ada drop or not lor. Even Petronas JV with LG Chem in Johor plant also in progress well mah. Later Taikor also produce own Nitrile raw material in 2023 lah. Hong Seng lagi ambitious setting up the largest plant in the world dunno jadi or not lah. Ular ingat Hong Seng blow water lah. Same as Latex Taikor ada plant in Thailand lah. Hidup Taikor. Hidup Tan Sri. Mati small Gloves makers. Correct?



Posted by Up_again > Jan 19, 2022 9:23 AM | Report Abuse

Some people think nitrile grow on rubber trees lol

nitrile is derived from acrylonitrile, butadiene, as well as various chemicals (almost all of which are petroleum derivatives), the industry leaders are expecting nitrile prices to eventually increase in accordance with the rise in crude oil prices.

Posted by masterus > 2022-01-19 09:41 | Report Abuse

Printing (planting) more and more usd in 2020 to 2021. In 2022, taper (water) and interest hike (fertiliser) untill inflation high (plant grown up) and ready to harvest all usd in the world in order to buy goods around the world.

Posted by Up_again > 2022-01-19 09:45 | Report Abuse

Yes ular you are correct. Brent oil reach usd 100 also nothing to do with glove. Correct? Lol

Posted by JovaneChua > 2022-01-19 09:50 | Report Abuse

Have a look at HARTA

Posted by masterus > 2022-01-19 09:55 | Report Abuse

Usd growing high high and us can purchase gloves with cheaper prices as foreign exchange rate increase high high.

Posted by masterus > 2022-01-19 09:57 | Report Abuse

Gloves company can earned more by price hike of gloves as usd increase.

Posted by UlarSawa > 2022-01-19 09:58 | Report Abuse

Director said Nitrile raw material got down but not as much as ASP down leh. You blow water or Director blow water. Ular dunno lah. Every JPM macai also cakap Gloves demand drop kaw kaw mah. Lagi cakap hospital takda pakai gloves anymore and only use to clean toilet and dish washing purposes only mah. Then Raw material supply takda drop then raw material price must drop also lah. Correct?



Up_again Yes ular you are correct. Brent oil reach usd 100 also nothing to do with glove. Correct? Lol
19/01/2022 9:45 AM

Posted by masterus > 2022-01-19 10:02 | Report Abuse

To prevent from being harvested by them, increase the gloves price. If foreign exchange rate increase 3%, then increase the gloves price 3% to tally the difference in foreign exchange rate.

Posted by masterus > 2022-01-19 10:04 | Report Abuse

Brent oil will not affect the gloves company but will affect the ringgit value as Malaysia is oil exporter nation.

Posted by Up_again > 2022-01-19 10:06 | Report Abuse

Ahhh okok. So glove industry usage of oil higher than transportation or power plant industry. Alright, learn something new today.

Posted by masterus > 2022-01-19 10:06 | Report Abuse

Ringgit movement will affect the price of gloves exported. Us can use dollar harvest to get cheaper gloves as ringgit weaken. Increase gloves price.

Posted by masterus > 2022-01-19 10:11 | Report Abuse

Transportation cost will increased such fuels for vessels and aeroplane rise as crude oil rise. Unless the gloves can deliver using magic aeroplane and magic vessels to deliver the product around the world especially to us, than fuel prices hikes will not affect gloves company

Posted by newbie1111 > 2022-01-19 10:12 | Report Abuse

Really big brain move, when ringgit weaken and become favourable to export like glove, you want glove to increase price to remove our own advantage?

Posted by Ryan83 > 2022-01-19 10:15 | Report Abuse

US dollar increase due to US interest rate hike 3-4 times this year will be positive news to exporters like glove companies in Malaysia with higher profits

Posted by IronShirt > 2022-01-19 10:16 | Report Abuse

Up_again Yes ular you are correct. Brent oil reach usd 100 also nothing to do with glove. Correct? Lol
_______________________

Nitrile is made from polymer, and polymer is 95% made from Oil

Posted by masterus > 2022-01-19 10:16 | Report Abuse

Then let us get the advantage of buying gloves from our gloves companies at cheaper price as ringgit weakening. People can harvest gloves companies with the dollar printing policy. By this, us can pass their country inflation to Malaysia by import export activities.

Posted by masterus > 2022-01-19 10:20 | Report Abuse

Inflation made purchasing power weakening and money became worthless

Posted by titan3322 > 2022-01-19 10:21 | Report Abuse

UlarSawa kapal dah tenggelam don't ask people to sink with you dah kata abandon ship mah !

Posted by planta > 2022-01-19 10:22 | Report Abuse

Why harta up but the rest drops? Hmm…

Posted by UlarSawa > 2022-01-19 10:36 | Report Abuse

Dont forget Taikor products mixed is adjustable leh. Last QR 60% latex gloves Nitrile 33% and surgical 3% vinyl 4% leh. Taikor is the best lah. Many expanding the most lucrative Nitrile gloves make it oversupply alot and ASP drop the most leh. Taikor is still depending alot of Latex sales which is lesser new players enter into this category mah. Taikor still dominate the Latex gloves leh. Coming QR see apa macam lah. Many will report QR next moons. Siapa better siapa worst will know lah. Smaller gloves makers will be the worst hit lah. Semua pun masuk Nitrile Glove category. Mati kudasai lah. Correct?

Posted by mh87 > 2022-01-19 10:39 | Report Abuse

You guys can see la.

New variant cannot boost share price anymore.

New global covid19 record cannot boost share price anymore.

Strong dollar also cannot boost share price anymore.

Something is wrong CORRECT?

No more big interest anymore Unless big bosses push by themself up.

Posted by UlarSawa > 2022-01-19 10:44 | Report Abuse

Kapal mau sink or not how you know leh. Still above rm2.00 leh. Mana ada sink leh. Work harder pls. Ular is Taikor friendly mah. Cannot work for JPM or Tiger
paymaster leh. Nanti kena lightning strike leh. Correct?


titan3322 UlarSawa kapal dah tenggelam don't ask people to sink with you dah kata abandon ship mah !
19/01/2022 10:21 AM

Posted by Markv572421 > 2022-01-19 10:58 |

Post removed.Why?

Posted by AdCool > 2022-01-19 11:10 | Report Abuse

Kossan QR should be released next week. Market anticipating higher results? If follow Top Glove trend, it should down to round RM250 mil profit.


Markv572421 Kossan nice nice green green compare to topglove .....hahahahaa
19/01/2022 10:58 AM

Posted by Markv572421 > 2022-01-19 11:25 |

Post removed.Why?

Posted by Mrkingstock > 2022-01-19 11:45 | Report Abuse

kossan Going up
TOPGLOV Going down

Posted by Ryan83 > 2022-01-19 11:52 | Report Abuse

Today is Hartalega day super bull anticipating good QR announcement next week

Posted by Mrkingstock > 2022-01-19 12:10 | Report Abuse

TPGLOV 2.26 MYR
−0.090 (3.83%)today
Going Down

Posted by masterus > 2022-01-19 12:58 | Report Abuse

Supermax falls after Canada terminated glove supply contract on forced labour allegations
Bernama
/
Bernama

January 19, 2022 11:31 am +08

Posted by masterus > 2022-01-19 13:04 | Report Abuse

Supermax falls after Canada terminated glove supply contract on forced labour allegations
Bernama
/
Bernama

January 19, 2022 11:31 am +08

Posted by Mrkingstock > 2022-01-19 13:06 | Report Abuse

Supermax
TPGLOV
Going down

Posted by Johnzhang > 2022-01-19 13:09 | Report Abuse

Glove industry big problem is serious overcapacity . This will result cut throat product pricing in the near future.

Posted by masterus > 2022-01-19 13:12 | Report Abuse

UK banned Huawei because of 'US pressure': former minister
The ban had nothing to do with national security, says Sir Vince Cable
News Desk | January 13, 2022

Posted by masterus > 2022-01-19 13:14 | Report Abuse

Huawei Meng Wanzhou case at Canada because of us pressure.

Posted by Snowpiercer > 2022-01-19 13:16 | Report Abuse

Please abort HK listing..... it is not time to save face......save the company

Posted by Vicky > 2022-01-19 13:20 | Report Abuse

GG for Topglove. Should focus on the value creation rather than....

Posted by ken2004 > 2022-01-19 13:53 | Report Abuse

Save the company? LOL, seriously to the company, it is stable earning money especially resolving the US ban, maybe the boss will be scratching his head thinking why people think the company in crisis when everything business as usual with no crisis ongoing, just ongoing future expansion......

Posted by Investoz88 > 2022-01-19 15:05 | Report Abuse

GG for Topglove?
Company busy taking more orders from US and Europe with record hospitalisaion.
Directors buying more shares.. why?
Next quarter results will know the reason..

Posted by Investoz88 > 2022-01-19 15:13 | Report Abuse

Kossan and Hartalega up due to results coming?
The rest will follow when the time comes ..

Posted by ken2004 > 2022-01-19 15:15 | Report Abuse

Actually with US rates hikes, any company deal with foreign currency will be in advantage as ringgit sure drop......

Posted by Mikecyc > 2022-01-19 15:17 |

Post removed.Why?

Posted by ken2004 > 2022-01-19 15:54 | Report Abuse

Yes, the vision one forgot about his own backyard till got ban by US lol

Posted by masterus > 2022-01-19 15:57 | Report Abuse

KUALA LUMPUR (Nov 23): Bank Negara Malaysia (BNM) and the People’s Bank of China (PBoC) have renewed their bilateral currency swap arrangement for another five years under an unchanged RM110 billion (180 billion yuan) scheme to reinforce the ongoing cooperation between the two central banks, BNM said on Tuesday (Nov 23).

In a statement, BNM said the first bilateral currency swap agreement between BNM and the PBoC was established in 2009.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said in the statement: "The swap arrangement supports settlement of regional trade and investment in the local currency, as well as promotes regional financial stability.”

Posted by masterus > 2022-01-19 15:58 | Report Abuse

Measure to avoid harvested by printing many many dollars

Posted by masterus > 2022-01-19 16:01 | Report Abuse

Singapore, 5 November 2021…Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the extension of the USD10 billion bilateral financial arrangement to 4 November 2022. This arrangement has been endorsed by Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong, and will continue to support monetary and financial stability in both countries amid the on-going recovery from the COVID-19 pandemic.

Posted by masterus > 2022-01-19 16:03 | Report Abuse

The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Bank of Thailand renewed the existing Bilateral Swap Arrangement (BSA) between the two countries today. The BSA is a two-way arrangement, in which both authorities are able to swap their local currencies in exchange for the US Dollar. The arrangement also enables Thailand to swap the Thai Baht against the Japanese Yen. The size of the BSA remains unchanged, that is, up to 3 billion US Dollars or its equivalent in Japanese Yen.

The renewed BSA introduces a precautionary scheme, which is a new feature to supplement the existing crisis-resolution scheme. It also incorporates amendments to align the BSA with the recent amendments to the Chiang Mai Initiative Multilateralisation (CMIM) Agreement.

Both authorities agree that continuing such bilateral financial cooperation will help preserve financial stability in both countries, and support the close bilateral economic and trade relations between Japan and Thailand.

Bank of Thailand
23 July 2021