A good read. personally point of view, I don't think this covid is easily settled. We are still long long way to go.....to go and be freed. Therefore, Gloves will be an essential items in major Hospitals, Clinics, even household ( taking care of the sick one) in the future. And don't worry about the new entry ( eg: MahSing) as rubberex competitor because gloves will be so important in the future to come that hospitals will prefer to keep more stock of gloves than not enough of it. Don't forget, Those young one who kena covid and fast recovered, they dont feel any effect now but days to come when after 10 years onward or older they might feel some weakness in their body. And hopefully by then, no more new virus attacking human kind, if not , there will be more human life scarified because their body is weak to fend off new virus due to covid back then...
Can u imagine the gloves price will fall from USD 70 to as low as usd 25 post pendemic leh ?? This is a fall of almost 65% from the peak of usd 70 mah!
U ask yourself lah....the cost of manufucturing gloves as gone up so much for example the cost of labor wages all in and plus cost of accomodation and investment into billion of machinery in the case of topgloves, do u think the sustainable price of gloves at usd 25 compare to usd 22 pre pendemic an increase of only 13% can support the majority of its operations with still good profit leh ??
And whats more u think the gloves company normalise far lower earnings base on selling price of USD 25 can still support the mkt cap of topgloves Rm 46.3b, Harta Rm 35.3b and supermax Rm 16.4b leh ??
Look here the forecast of lower price of gloves is not done by Raider loh, it is done by Topgloves employing very reputable consultants Harps n vital factors to forecast the normalise average selling price of gloves in conjunction of their decision to list in HK market mah!
Never b4 in the past 1 year during the pendamic, that both Lazada & shoopee offer discount on gloves to its customer mah!
If they offer discount....that means another no good sign on gloves...is coming mah!
Thus be very careful loh!!
Posted by shortinvestor77 > May 2, 2021 4:48 PM | Report Abuse
No shares don't need to be jealous like KYY here. Kossan has the gloves ordered till at least the end of year 2021. Getting more order for year 2022. Mutation of viruses are not going to end like that (Look at India and it is spreading to the whole world). Premium gloves are like Mercedes price cannot compare to Proton which is like a substandard glove.
first of all ask yourself no margin business who want to do.. if everything also up end of the day the selling price will up as well.. look at steel and copper price
Like I said before about covid , medical items are essential and crucial including Gloves in the future to come. And we human kind , don’t need a war to destroy us but a spec of virus . We will not be sure what kind of new and interesting virus beside covid is growing among and around us due to the climate change , countries affected by war due to political unstable ( power and money ). It is always better to store enough stock of medical items eg gloves in major hospitals , clinics and even households ( care for the sick) than having not enough of it. So , I don’t worry about more supply but really worry when the supply is not enough . Our world has change to a total stranger to me . Sad.
So …I believe Gloves business will still be making good return …and correct me if I am wrong, if the mutation of COVID has no vaccinations to fend it , we will be living with mask and gloves for a longer time to come. And Rubberex might not need to worry about competitor like MahSing as I said, keep extra stock in hospital is better than not enough stock
hahaha...see u at the bottom MR1.70 this coming week. Shortie is not glove experts.,..ohh!!! StockRaider is able to predict global glove price..OMG !! Mahsing only comes into production 2023. PassBy?? to what..They are nervous tonight.
Titijaya Land Bhd has signed a distribution agreement with Rubberex Corp Bhd to export gloves, personal protection equipment (PPE) and medical products to China, via Sinopharm Medical Equipment QuanZhou Co Ltd.
Sinopharm is part of China National Pharmaceutical Group Corporation (CNPGC), a China state-owned healthcare group.
CNPGC owns over 1,100 subsidiaries and six listed companies covering research and development, manufacturing, logistics and distribution, retail chains, healthcare, engineering services, exhibitions and conferences, international business and financial services.
If has deal with china...possible to RM 2.50 in short term to come ( my point of view). But of course there will be some healthy consolidate phase in the share price for upward adjustment to reach RM2.50
RSI for the stock is currently below 50 mark and the prevailing price is on consolidation phase for the last several days. IF other glove stocks up expects the stock to follow up today. Current financials,EPS,ROE,profitability every quarter good. To know more view the price chart - https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=7803&mode=1D
@Albukhary our steel counters Steel,Ann Joo,Master,etc are very bullish just one hour ago.Likewise for Pmetal,Alcom,LbAlum,etc.That in lieu of the great global commodity boom. Wall Street bankers expect the commodity prices to run until second quarters.Source : Bloomberg News.
volume big, price small. should up but drop. up hard down easy.who sold who bought?mysterious counter, any body can explain? pe low, but just for look.
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ket4212
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Posted by ket4212 > 2021-05-01 18:54 | Report Abuse
I no greedy 1.80 enough