Posted by Kossan > 2020-11-24 09:13 | Report Abuse

Fresh from Reuters
Due to temporary closure of Top Glove Corp Bhd factories, it has guided that the average selling price (ASP) for its nitrile gloves will increase by 30% in November, 40% in December and another 40% after December, as outlook for the gloves shortages remains a concern.

As of this month, the group's ASP for nitrile gloves stands at US$85 per 1,000 pieces. With the higher revisions and spot sales mix, 2020 industry blended ASP to increase by 89% year-on-year (y-o-y) (versus 23% y-o-y previously),

Posted by Goku88 > 2020-11-24 09:57 | Report Abuse

Top glove's situations may benefit to all other Gloves Manufacturer

https://klse.i3investor.com/blogs/glove2020covid/2020-11-23-story-h1536581016-Top_glove_s_situations_may_benefit_to_all_other_Gloves_Manufacturer.jsp

Posted by Goku88 > 2020-11-24 09:58 | Report Abuse

Kossan latest quarter EPS of 13.60 cent,

Kossan has previously informed there will be more than 30% increase in ASP for it's next quarter which may translate to a possible

earning of EPS 25 cent

Thus trailing 4 quarter EPS may achieve RM0.886

If we assume,

PE10 = 8.86

PE15 = 13.20

Posted by drago_7 > 2020-11-24 10:51 | Report Abuse

Timber....~!!!! Free fall today hahahahahahahahaha

Posted by kens88 > 2020-11-24 11:08 | Report Abuse

how good also free fall lol.

Posted by newkid > 2020-11-24 11:11 | Report Abuse

If TG factory workers infected, Kossan will fall victim soon as theirs factories are located within the vicinity and theirs foreign workers are staying in same row of shops, inter mixing everyday after work !!!

Posted by supersinginvestor > 2020-11-24 14:47 | Report Abuse

Aiyo
Vaccine needs gloves
Looks like gloves need vaccine more
Ahahahahah
Luki i sold all my gloves 2 weeks ago...
Looks like only bad luck coming for gloves..

Posted by Terrenceyeo > 2020-11-24 14:55 | Report Abuse

Kossan factory people kena covid? Isit true ???

Posted by PZOGRO > 2020-11-24 15:05 | Report Abuse

SUPERMX PICKS INTO INDEX SOON

KOSSAN NOSEDIVES AS NO CHANCE TO BE INDEX STOCK

KOSSAN TO BE PENNY STOCK LATER

https://www.theedgemarkets.com/article/supermax-likely-be-included-klci-index-says-cgscimb

Posted by supersinginvestor > 2020-11-24 15:22 | Report Abuse

Aiyo
Die lor

Posted by abunene > 2020-11-24 16:50 | Report Abuse

collect @6.00. ok?

Posted by Apple1234 > 2020-11-24 16:51 | Report Abuse

supersinginvestor (无常): why come back glove counter again? Please go back to your bank sector. You cut lose two time, want come again? Okok, I told you one secret, this time all in Kossan, because Kossan is good, is super good. This time you all in Kossan I think you won't cut losses edi.

Posted by abunene > 2020-11-24 16:55 | Report Abuse

keep til cny and collect angpao.

Posted by supersinginvestor > 2020-11-24 17:09 | Report Abuse

Aiyoyoyo...

Posted by supersinginvestor > 2020-11-24 17:09 | Report Abuse

Apple1234 u stuck in kossan ah?
Ahahahaha....pity u never listen to sifu told u sell 2 weeks ago

Posted by Ukga > 2020-11-24 17:28 | Report Abuse

So far we know the high profit margin for gloves counters will definitely maintain well into next year.
But this might not reflect into unimaginable high shares prices we have seen in the past few months. We can see that investors sentiment had changed on gloves counters due to vaccine news..... cheers.

Posted by cbkia4896 > 2020-11-24 18:47 | Report Abuse

Hmmm someone keep saying kossan got cases
Then someone keep collecting at rm6
So fishy
Me like

Posted by Kossan > 2020-11-24 19:08 | Report Abuse

Guys, fresh Bloomberg subscribed news

Gloves mania has had a big year so far and 2021 could be even bigger. ASP’s more than doubled in price through third Quarter’ 20 and this Quarter would surpassed to new height due to halted production lines in world’s largest gloves manufacturer, Top Gloves.

The ASP has added almost 30% since the unprecedented closure news broke out, shooting toward its all-time high of around $95-105/ 1,000 pieces spurred on by a wave of orders for mass vaccination.

Traders and government officials are now turning to panic spot order what will happen if gloves does manage to break its all-time high—with one analyst predicting it will be the beginning of a two-year run toward a $150/ 1,000 pieces.

Posted by Ukga > 2020-11-24 19:26 | Report Abuse

Yes. We can also see shares buyback and EPF dipping into it. But will this mean glove counters will fly (say for Kossan to RM9 or even Rm10 or higher)? Personally I have strong reservation on it. I will be laughing all the way to my bank if's happen....Stay safe all and enjoy shares trading ..Cheers

Posted by Apple1234 > 2020-11-24 20:57 | Report Abuse

Supersinginvestor (无常): yes yes, you say anything also yes. But please la, already cut lose Kossan go banking sector why come back again?

Posted by supersinginvestor > 2020-11-24 20:58 | Report Abuse

Double fuk u@apple1234..
Where i go none of ur business bastard..

Posted by Apple1234 > 2020-11-24 21:20 | Report Abuse

Supersinginvestor (无常): after cut lose Kossan, welcome back. Later open fb live can clean your hair first?

Posted by Apple1234 > 2020-11-24 21:21 | Report Abuse

supersinginvestor (无常): I think you get lose from Kossan better ba, ok?

Posted by Basketball4Life > 2020-11-24 21:21 | Report Abuse

@Kossan
Guys, fresh Bloomberg subscribed news

Legit?

Posted by Ukga > 2020-11-24 22:19 | Report Abuse

While the world is waiting for immunization, some investors are beginning to move some funds out of glove counters into other sectors as we can witness share prices picking up over there. Slowly but surely we are going back to more norm in 2021. The focus on glove counters will not be as 'hot cakes' as before going forward. Glove counters will go north or south from here is anyone guess and will depend very much on investors' sentiment.....Cheers

Posted by NPRA1985 > 2020-11-24 23:38 | Report Abuse

Malaysia's crucial Budget 2021 vote likely to be delayed

The vote on Malaysia's budget in Parliament, scheduled for Thursday (Nov 26), that could decide the fate of the Muhyiddin Yassin administration is set to be delayed to next week on Dec 1.

https://www.straitstimes.com/asia/se-asia/malaysias-crucial-budget-2021-vote-likely-to-be-delayed

Posted by NPRA1985 > 2020-11-25 01:25 | Report Abuse

The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

https://apnews.com/article/joe-biden-donald-trump-financial-markets-coronavirus-pandemic-financial-markets-b28c38a5d1f7b000a7598b91d12bdc4b

Posted by PanjiAlam55 > 2020-11-25 03:28 | Report Abuse

Politician especially UMNO always creating inconsistent to the market, WTH....!

Posted by PanjiAlam55 > 2020-11-25 03:35 | Report Abuse

UMNO members still thinking that they are fully in powered, just wait for the GE15 rakyat will not give them not even 1 vote, rakyat already feed up with UMNO ever since the big liar and pirate stealing rakyat money (KWAP)..but he still deny it although court has sentence him to jail few month ago...

Posted by awlovely > 2020-11-25 08:37 | Report Abuse

Good morning everyone. Should buy in more now or will it
keep dropping?

Posted by Kossan > 2020-11-25 09:11 | Report Abuse

Guys, fresh Bloomberg subscribed news

Gloves mania has had a big year so far and 2021 could be even bigger. ASP’s more than doubled in price through third Quarter’ 20 and this Quarter would surpassed to new height due to halted production lines in world’s largest gloves manufacturer, Top Gloves.

The ASP has added almost 30% since the unprecedented closure news broke out, shooting toward its all-time high of around $95-105/ 1,000 pieces spurred on by a wave of orders for mass vaccination.

Traders and government officials are now turning to panic spot order what will happen if gloves does manage to break its all-time high—with one analyst predicting it will be the beginning of a two-year run toward a $150/ 1,000 pieces.

Posted by yamapipi > 2020-11-25 11:25 |

Post removed.Why?

Posted by NPRA1985 > 2020-11-25 12:57 | Report Abuse

Schedule for budget voting on track — source

As for now, the schedule for the crucial Budget 2021 vote set for tomorrow is on track, according to a source familiar with the matter.

“Ministers have also been reminded to stick to their 20-minute allocation and not exceed it — as what happened on Monday and Tuesday. Questions that can’t be answered due to time constraints will be answered in writing,” a government source familiar with the scheduled budget vote told The Edge, adding that at present, the budget voting is still “confirmed” for tomorrow as scheduled.

https://www.theedgemarkets.com/article/schedule-budget-voting-track-%E2%80%94-source

Posted by Apple1234 > 2020-11-25 16:10 | Report Abuse

supersinginvestor (无常): yes yes, vaccine need glove, welcome back Kossan and all in.

Posted by Apple1234 > 2020-11-25 16:11 | Report Abuse

Supersinginvestor (无常): yes yes, vaccine need glove. All in Kossan ok?

Posted by Kossan > 2020-11-25 18:32 | Report Abuse

Fresh from BBC

Personal protective equipment (PPE) stockpiles in England were inadequate for the Covid pandemic and price rises earlier this year cost taxpayers about £10bn, the spending watchdog has said.
The National Audit Office said there had been a particular shortage of gloves and aprons.
The government said the NAO's report recognised that NHS providers had been able to get what they needed in time. Almost £12.5bn was spent on 32bn items of PPE between February and July 2020. During the same period in 2019, 1.3bn items were bought at a cost of £28.9m.

Posted by Apple1234 > 2020-11-25 20:33 | Report Abuse

Supersinginvestor (无常): you are genius...... can you wash your oily hair?

Posted by Kossan > 2020-11-25 21:30 | Report Abuse

Fresh from Reuters

Malaysia's Top Glove Corp, which has shut some factories after thousands of workers tested positive for COVID-19, said on Wednesday it expects some supply shortages that could push up prices of medical rubber gloves.

The company, the world's largest latex glove maker, said in a media briefing that it had not yet seen any cancellation of orders, and that it expected the virus outbreak among its workers to be contained within a month.

Posted by Kossan > 2020-11-25 21:38 | Report Abuse

Fresh from CNA

Malaysia's Top Glove, the world's largest rubber glove maker, said Wednesday (Nov 25) that supply disruptions at its factories due to a COVID-19 outbreak may push glove prices up.

The company said it has shuttered 20 of its factories in an area outside Kuala Lumpur in stages since Nov 17 after nearly 3,000 workers tested positive for the coronavirus, with another eight facilities in the same area running below 20 per cent of capacity.

Posted by Kossan > 2020-11-26 08:10 | Report Abuse

Fresh from the star news

The temporary closure of the world’s largest glove maker’s factories following a spike in Covid-19 cases among its workers will affect the production and supply of surgical gloves in the country and globally, said an industry group.

Malaysian Pharmaceutical Society president Amrahi Buang said the chain effect should be viewed carefully as Top Glove is the largest manufacturer of surgical gloves in the world.

Posted by Goku88 > 2020-11-26 14:11 | Report Abuse

https://nypost.com/2020/11/24/moderna-boss-says-covid-shot-not-proven-to-stop-virus-spread/

Posted by Goku88 > 2020-11-26 14:11 | Report Abuse

Moderna boss says COVID-19 vaccine not proven to stop spread of virus

Moderna’s coronavirus vaccine may not get life back to normal right away because it hasn’t yet been proven to prevent the deadly bug from spreading, the company’s top doctor says.

Posted by Kossan > 2020-11-26 15:04 | Report Abuse

Fresh from NY times

Research has shown that the biotech firm’s shot is effective at preventing people from getting sick with COVID-19, but there’s no hard evidence that it stops them from carrying the virus “transiently” and potentially infecting others who haven’t been vaccinated, according to Dr. Tal Zaks, Moderna’s chief medical officer.

Posted by Kossan > 2020-11-26 15:38 | Report Abuse

Fresh from Reuters

Gloves manufacturing companies in Malaysia is expecting skyrocketing earnings upside to the FY21 estimates due to global shortages of gloves amid closure of world’s largest glove producer, Top Gloves factories. The glove ASP may continue daily doubling rise until reopening. Previous analysts FY21 earnings may be underestimated.

Posted by Kossan > 2020-11-26 15:47 | Report Abuse

Fresh from Bloomberg

Gloves manufacturers raised average selling prices (ASPs) of its gloves by another 40 per cent on a day-on-day basis due to partial closure of Top Gloves factories.

Business insiders said further ASP revisions were expected in the coming days as countries are gearing for mass vaccination program. Gloves security is a new terminology created and widely used by government officials. With the steep ASP hike projected, a spectacular earnings are expected for gloves producers.

Posted by Goku88 > 2020-11-26 16:17 | Report Abuse

Supermx + TG already flying, time to hop into Kossan and ready to fly.

Posted by Goku88 > 2020-11-26 16:18 | Report Abuse

https://www.nst.com.my/business/2020/11/644112/top-glove-tumbles-plant-closure-move-may-push-glove-prices-higher

Posted by Goku88 > 2020-11-26 16:18 | Report Abuse

Top Glove tumbles on plant closure, move may push glove prices higher

Posted by Kossan > 2020-11-26 19:09 | Report Abuse

Fresh from CNBC

After observing the steep rise in ASP a week go and onwards while the ASP is projected to skyrocket to a new level, our assumptions, we project Nov’20 ASP to increase by 50% and 60% in the following month before decreasing to 20% in FY21.

This is based on the assumption of a significant growth in ASP due to unprecedented closure of a leading glove manufacturer, Top Gloves which controls 25% of global market share. The elevated ASP will sustain into the first half of 2022 before moderating in FY23.

The earnings upside to the FY20 estimates would be high if Top gloves factories remain close for another week, which would suggest that the non- Top gloves counters may continue to rise and the precious FY20 earnings may be underestimated.

Posted by speakup > 2020-11-26 22:57 | Report Abuse

https://www.malaymail.com/news/what-you-think/2020/11/25/case-for-windfall-taxes-lim-wei-jiet/1925899

WINDFALL TAX again?