All the Malaysia gloves companies bosses controlling more than 60% of global market should start working together to reduce supplies and push up ASP. Why sell more gloves and make more losses.. Buy own shares to support prices will not help.. Make no sense!!
In business world, this is good for strong balance sheet company... Will become even stronger after all weaker competitors gone... Prepare to hold 2 to 3 years. No worry.
In the biz world, Unity brings prosperity. Want to kill other glove makers is bad karma.. Own company dropped 70 to 80% value.. and 2 years is a long long time.
If the Big 4 today announce that the gloves makers will SIT TOGETHER to cut supply, innovate and improve the gloves industry just like the oil cartel countries.. the share prices will jump up immediately. No need to do sbb to support price and waste company money.
China company won't cooperation, them only know keep throwing price with their government subsidy but our government only know how to charge prosperity tax and going to increase gas price. Luckily Kossan management team are well performed during the COVID period and having better cost control compare other peers.
Share market always like that..... Overvalued share, people panic buy, we sell. . .. Undervalued share, people panic sell... We buy...I don't really understand glove industry, but just do comparison among the 4, kossan has a higher chance to whether the downturn. Just hope kossan is able to show good performance in 2 to 3 years, so that I can make good money. Popi Popi
Let us all shareholders push the Big4 to form a glove cartel to manage over production, gloves ASP and innovation. Pass the msg to protect our investment. Unity brings prosperity indeed...
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....
Sharefisher
5,470 posts
Posted by Sharefisher > 2022-06-21 15:17 | Report Abuse
Asked for 1.30...market gave 1.40....celaka..