all the downtrend are orchestrated, The trends Topglov, Supermx, Ruberex and many other are all the same. somebody is engineering this sell down ... Damn it.
Glove supply is capped by the raw material and foreign labour cannot come in malaysia now. Expansion is difficult only way is to improve in technology. The shortage of raw material may persist until 2023, nitrile
The consumption increase by 15-20% every year according to Malaysian Glove Manufacturing Association. laboratory expand their testing rapidly due to the variant covid 19 virus, and school open incresed the usage of gloves
So far only 100 million world population are vaccinated, or leass than 1.5 % world population. More gloves are needed to do vaccination. Even now you call in the glove companies, must que until next year to get your stocks...
It is a bright future for glove companies BUY and enjoy the ride and dividends
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....
Fundamental123
609 posts
Posted by Fundamental123 > 2021-03-02 14:26 | Report Abuse
It is matter much more about supply of glove next year 2022 as compared to demand following vaccination.
So , we need to monitor and wait until May 2021 over vaccination and glove purchasing support and glove share price trend from April to May .
Good luck !