Posted by UlarSawa > 2024-03-08 16:46 | Report Abuse

Pre-pandemic, China was a minor player in the nitrile disposable glove market. Post-pandemic, it has substantially grown its overall nitrile production capacity and is expected to grow it further.

In the single-use glove industry, factories—especially in Malaysia, the world’s No. 1 glove-producing nation—continue to have utilization challenges, with some operating at as low as 20% capacity, and others in the 40%-50% range.

Major glove makers in China, however, are running their factories at close to full-capacity utilization, content to take financial losses for the sake of growing market share. The state of manufacturing outside of China has led experts to believe that a meaningful recovery for the industry may come slowly given the intense competition.

Posted by Huangbk72 > 2024-03-08 16:47 |

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Posted by UlarSawa > 2024-03-08 16:48 | Report Abuse

Capacity has been lacking
Disposable glove factories prefer to run production lines almost non-stop to increase revenue. It is commonly accepted that a factory needs a minimum 50% utilization rate to break even. Throughout 2023, factory utilization rates for most of the industry were well below 50% because of massive capacity added during the pandemic and high excess inventory at the end-user level. Many industry insiders predict the utilization rate will bounce back to higher than 50% in 2024-25.

At the same time, Chinese factories are also under scrutiny due to increased FDA inspection on exam glove imports into the U.S. These can take from days to a month to complete, which could push some importers to move production to SE Asia suppliers. Plus, Chinese factories will experience additional headwinds in Q1 due to disruptions that come with Chinese New Year.

Posted by DickyMe > 2024-03-08 16:55 | Report Abuse

Tell Taikor to tutup kedai and save whatever he can.

Posted by UlarSawa > 2024-03-08 16:57 |

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Posted by Felix888999 > 2024-03-08 16:58 | Report Abuse

Few hundred K cash ada. Waiting to shoot when there is opportunity.

Posted by UlarSawa > 2024-03-08 17:00 |

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Posted by Felix888999 > 2024-03-08 17:04 | Report Abuse

Haiyoh wealth mostly in properties, EPF more than 1 million. Cash few hundred K is a lot already. Some business man doing multi millions business bank account no cash only overdraft saja.

Posted by DickyMe > 2024-03-08 17:07 | Report Abuse

"Posted by UlarSawa > 8 minutes ago | Report Abuse

Tan Sri sudah save alot leh. He transfer out billion in dividend liao mah. Even Taikor close shop Tan Sri still very rich lah. Haiyoh. Correct?"
==========================
If Tan Sri is pannai, he will do that loh!

Posted by UlarSawa > 2024-03-08 17:10 |

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Posted by Huangbk72 > 2024-03-08 17:10 |

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Posted by UlarSawa > 2024-03-08 17:12 |

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Posted by Felix888999 > 2024-03-08 17:13 |

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Posted by Felix888999 > 2024-03-08 17:17 |

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Posted by Huangbk72 > 2024-03-08 17:19 |

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Posted by UlarSawa > 2024-03-08 17:21 |

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Posted by Felix888999 > 2024-03-08 17:24 |

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Posted by UlarSawa > 2024-03-08 17:28 |

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Posted by Felix888999 > 2024-03-08 17:32 |

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Posted by MrHuangBK > 2024-03-08 17:46 | Report Abuse

Since when coconuts will admit their losses.

If using coconut logic

Prove it!!!!

😂😂😂

Posted by UlarSawa > 2024-03-08 18:14 |

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Posted by Daim88 > 2024-03-08 18:23 | Report Abuse

Another losing quarter incoming, blood bath on the way. PN17

Posted by Felix888999 > 2024-03-08 18:23 |

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Posted by Huangbk72 > 2024-03-08 18:35 |

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Posted by UlarSawa > 2024-03-08 18:45 |

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Posted by UlarSawa > 2024-03-08 18:46 |

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Posted by KimSua > 2024-03-08 20:20 | Report Abuse

Just ask any neighbour working in HARTA production planning
Will know the forecast for next 3 qtrs.

Posted by Felix888999 > 2024-03-08 20:24 |

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Posted by Felix888999 > 2024-03-09 08:05 | Report Abuse

Gloves - Good timing for bottom fishing.

9 China glove makers added in US custom ban list!

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-03-08-story-h-186604742-GLOVES_Good_Timing_for_Bottom_Fishing

Posted by Balian de Ibelin > 2024-03-09 08:12 | Report Abuse

caught lying again 🤣
China Gloves export to US in USD is only a small amount, minor fraction of Top Glove Revenue.

If Top Glove needed this China export glove ban to US, then it is confirmed Top Glove already died.

=> HeLicksShit just confirmed Top Glove is DEAD! 😁

Posted by UlarSawa > 2024-03-09 08:33 | Report Abuse

Top Glove’s PU has also improved from 22% in 4QCY23 to 32% in Mar 2024, based on installed capacity of 95bil pcs/annum. The slower recovery in terms of PU for Top Glove was possibly due to: (a) lower decommissioning activities at 5% of original 100bil pcs/annum capacity in 2023 compared to Hartalega’s 30% and Kossan’s 27%, (b) more aggressive pricing strategy due to its relatively higher cost structure , and (c) competition from more competitive latex-focused Sri Trang. The PU recovery of these 3 glove makers in 1QCY24 substantiates our earlier view that inventory replenishment of rubber gloves could commence by 1QCY24F without a need to reduce average selling prices (ASP). Additionally, the relatively stronger recoveries observed in Hartalega and Kossan support our opinion that the pace of recovery could be asymmetrical among Malaysian players

Posted by UlarSawa > 2024-03-09 08:35 |

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Posted by Felix888999 > 2024-03-09 08:40 | Report Abuse

You looking at 3 months old TG`s results. Another 2 weeks TG results will be out. Return of the King is making.

Posted by Felix888999 > 2024-03-09 08:43 |

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Posted by UlarSawa > 2024-03-09 08:45 |

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Posted by Felix888999 > 2024-03-09 08:48 | Report Abuse

Malaysia gloves export to China just 6% pre pandemic. China already has own makers pre pandemic.

Posted by UlarSawa > 2024-03-09 08:48 |

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Posted by UlarSawa > 2024-03-09 08:54 |

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Posted by Felix888999 > 2024-03-09 09:42 |

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Posted by xiaoeh > 2024-03-09 09:44 | Report Abuse

wah...
sifu never say die spirit....
now no need go Sapura already...
Ular sifu take care....

Posted by UlarSawa > 2024-03-09 09:57 |

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Posted by UlarSawa > 2024-03-09 09:59 |

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Posted by Felix888999 > 2024-03-09 10:03 |

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Posted by UlarSawa > 2024-03-09 10:08 |

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Posted by Felix888999 > 2024-03-09 10:32 |

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Posted by Felix888999 > 2024-03-09 10:36 |

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Posted by UlarSawa > 2024-03-09 10:48 |

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Posted by Felix888999 > 2024-03-09 10:59 |

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Posted by Felix888999 > 2024-03-09 11:00 | Report Abuse

Don't talk about new challenge, settle that bullshit TP 2.00 for PMCorp first baru cakap besar.

Posted by UlarSawa > 2024-03-09 11:22 |

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