Posted by Mikecyc > 2020-11-23 14:45 | Report Abuse

EPF is emerged as Hartalega substaintial shareholder as it is 95 % nitrile gloves with better prospect ..

Posted by Mabel > 2020-11-23 15:15 | Report Abuse

Meow Mickey..

Good information.. Thank you

Mabel has all the Big 4..

All of them have been good to me..

Meow

Posted by Wen 温 > 2020-11-23 17:16 | Report Abuse

@supersinginvestor all plantation counters down also la. You little bit panic already. How earn big money? Aiyoooo this stupid boy really. No hope. Balls not big enough.

Posted by strattegist > 2020-11-23 17:26 |

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Posted by strattegist > 2020-11-23 17:50 | Report Abuse

closing red... down 3 sen... its okay

Posted by strattegist > 2020-11-23 18:14 |

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Posted by Mikecyc > 2020-11-23 19:45 |

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Posted by strattegist > 2020-11-23 19:56 |

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Posted by awesome20 > 2020-11-23 20:17 | Report Abuse

profit taking as expected...tomorrow green again

Posted by Wen 温 > 2020-11-24 04:09 | Report Abuse

Aiyoyo this 2 Mike & supersing keep talk shit only. Really nothing new.

Posted by calvintaneng > 2020-11-24 06:44 | Report Abuse

Wen,

Actually naysayers have helped us to get even more Fgv shares on the cheap

Only feaeful hearts will sell because of their negative postings

Strong smart hands are taking the opportunity to collect cheap

Posted by Hidup_PN > 2020-11-24 08:59 | Report Abuse

Felda Budget 2021 allocation cannot cut?

Posted by Mikecyc > 2020-11-24 09:05 |

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Posted by Mikecyc > 2020-11-24 10:22 |

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Posted by Mabel > 2020-11-24 10:32 | Report Abuse

@Mikecyc haha see Kon mabell is so kan cheong bought TG ..panic selling ke ..
24/11/2020 10:22 AM

Today Mabel is busy with my O&G and Gloves Team. My Serba Dinamik net profit jumps to RM148m in Q3 and 30% increase YoY. This is 17th record consecutive profits! Now waiting patiently to fire my first missile from my Armada Battleship..2 sen to go..

Yes, Thank you so much for pressing Top Gloves down.

Yesterday, Mabel collected one batch at RM 7.31.

Today, Mabel collected another batch at RM 6.83.

Sometimes good things comes out of every crisis. You only benefit only when you take action.

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).

Have a great week!

Meow Meow Meow

Posted by Mikecyc > 2020-11-24 10:46 | Report Abuse

Table 2 – Top Global Manufacturers and Producers of Nitrile Gloves based on Industry Research’s 2019 Global Market research report
Note – Annual revenue values derived from company websites and annual financial reports.
Company Name Location Estimated Annual Revenue



AMMEX Kent, Washington, USA Privately held

Ansell Richmond, Australia $1.499 billion

Aurelia Gloves Aurora, IL, USA Privately held

Barber Healthcare Leyburn, United Kingdom Privately held

Comfort Rubber Gloves Industries Perak, Malaysia $109.8 million

Dynarex Orangeburg, NY, USA Privately held

Hartalega Holdings Kuala Lumpur, Malaysia $655 million

Illinois Glove Northbrook, IL, USA Privately held

Kimberly-Clark Irving, TX $18.45 billion

Kossan Rubber Selangor, Malaysia $492 million

Medicom Montreal, Canada Privately held

Renco Corporation Manchester, MA Privately held

Riverstone Selangor, Malaysia $211.8 million

Rubberex Perak, Malaysia $47.6 million

Semperit Vienna, Austria $925 million

Sempermed North Clearwater, FL, USA $925 million

Synthomer Essex, United Kingdom $1.81 billion

Tan Sin Lian Johor, Malaysia Privately held

Top Glove Shah Alam, Malaysia $1.1 billion

United Glove Newton, NC, USA Privately held

VWR Radnor, PA, USA $1.52 billion

YTY Group Kuala Lumpur, Malaysia $10.8 billion - include mother company group revenue.

Shandong Yuyuan Shandong, China Privately held

Zhangjiagang Dayu Jiangsu, China Privately held

Posted by Mikecyc > 2020-11-24 10:47 | Report Abuse

Most synthetic rubber is produced in the United States, Japan, Russia, and the countries of Western Europe.

Posted by Mikecyc > 2020-11-24 10:48 | Report Abuse

Top Glove thinks big despite slowing growth of glove prices

* CORPORATE NEWS
* Friday, 18 Sep 2020 

PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.

Top Glove executive chairman Tan Sri Lim Wee Chai (pic) said the ASPs for nitrile gloves is currently US$70 per 1,000 pieces and is expected to increase by 30% in October and 15% in November.

Posted by Mikecyc > 2020-11-24 10:52 |

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Posted by Mikecyc > 2020-11-24 10:53 | Report Abuse

Nitrile Gloves Market 2020 Global Industry Share, Size, Revenue, Latest Trends, Business Boosting Strategies, CAGR Status, Growth, Opportunities and Forecast 2026 Says Market Reports World

Tuesday , June 23rd 2020

Top listed manufacturers for global Nitrile Gloves Market are:

* AMMEX
* Ansell
* Aurelia Gloves
* Barber Healthcare
* Brightway Group
* Dynarex
* Hartalega Holdings
* Illinois Glove
* Kimberly-Clark
* Kossan Rubber
* Medicom
* Renco
* Riverstone
* Rubberex
* Semperit
* Sempermed
* Synthomer
* Tan Sin Lian
* Top Glove
* United Glove
* VWR
* YTY Group
* Shandong Yuyuan
* Zhangjiagang Dayu
* Shandong Xingyu
* Zhenjiang Suhui
* Zhangjiagang Hongyu
* Sihui HongFu

Posted by Mikecyc > 2020-11-24 10:54 |

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Posted by Mikecyc > 2020-11-24 10:55 |

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Posted by hng33 > 2020-11-24 10:56 | Report Abuse

sold back all FGV at 1.17-1.19

Posted by Mikecyc > 2020-11-24 11:00 |

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Posted by vincent555 > 2020-11-24 11:50 | Report Abuse

Mikecyc,大家都是想赢市场的钱，何必处处针锋相对心存歹念，存好心，做好事，说好话，对你才有帮助。

Posted by Mikecyc > 2020-11-24 12:07 |

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Posted by hanafi9670 > 2020-11-24 13:08 | Report Abuse

last I check CPO price still more than RM3000..then why this giant still sleeping?????

Posted by calvintaneng > 2020-11-24 13:32 | Report Abuse

happy to buy more on weakness again

Posted by Letsfly > 2020-11-24 14:31 | Report Abuse

thank you for discounts... :) more fuel to fly my rocket to the moon.

Posted by strattegist > 2020-11-24 15:44 | Report Abuse

overall market is bad and gloomy... just cool and relax..

Posted by strattegist > 2020-11-24 15:50 |

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Posted by Letsfly > 2020-11-24 18:25 | Report Abuse

@supersinginvestor So that means, global demand and cpo price meaningless to you, they turned around good profit meaningless to you if you assume it should go tumbling down all the way.

Posted by Mabel > 2020-11-24 18:41 | Report Abuse

#supersinginvestor I reckon by now the smelly cat gang leader mabel.must be bankrupt aldy..
With his gloves n fgv in the shiits...
24/11/2020 3:06 PM

Wah this superstupidinvestor really have all the time in the world come barking here...

If I follow you, confirm bankrupt. Imagine asking all of us to buy PPB at RM19.50

Today..

PPB closed at RM 18.80 with minute share trading of 400,000 shares

FGV closed at RM 1.16 with hugh share trading of 8.263,700 shares

At that time when you ask me to buy PPB, my cost for FGV is below RM 1. How to bankrupt? What is FGV price today?

Top Gloves

As I told you many times in Harta, Kossan, Supermax and TG Forum, I have bought Gloves Fantastic Four since early this year when Teresa Kok pledge to donate China 18 million Gloves. I have traded many time in TG. What was TG highest price? Just in case you don't know, the highest price for Top Gloves this year before the Bonus Issue and Dividend Distribution was RM 28.5 per share. At that time everyone including you were chasing for this share.

How to bankrupt?

Despite Stellar Q3 Performance, the bad news have been used by the Sharks and Syndicates to press TG Price down. The consequence is the whole KLCI index is pull down by 5 pts. Most likely today could be the WORST ever market day for TG, with yesterday’s killer head line news.

Today, trading is pretty heavy in Top Glove with 89,734,400 35 million shares traded with many investors took opportunity buying TG. Currently TG price is like a virgin factory yet to produce but with $billions of orders has already been taken in with 20-40% upfront payment. All glove stocks already sold at 100% capacity up to 400-600 days waiting list. How can they benefit from TG's factory issue?

Only one, the ASP has to go UP for new orders taken today onwards. Today Lady Mabel bought another batch at RM 6.83 for 1,500 shares was matched. Yesterday, Mabel collected one batch at RM 7.31. Sometimes good things comes out of every crisis. You only benefit only when you take action.

Fresh from Reuters this morning

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).

Bankrupt?

Let me share to the Impact on 2021 Top Glove Profit based on yesterday's closing price at RM 7.35 per share..

Assuming the impact on Klang factory close down to be reflected on Q2 2021, I'm using the expected profit of Q1 2021 as a reference.

Expected profit of Q1 2021 = RM2b

Klang contributes 50% of total production (16/11 CIMB report)
= RM2 b / 2
= RM1 b

Assuming all factories in Klang are closed for 1 month TOGETHER (in fact they are closing rotatively) :
= Profit of Klang factory / profit per month * profit of two months
= RM1 b / 3 * 2
= RM0.67 b

Cost assumption: RM330 per COVID test (CIMB) for 8000 workers in Klang (CIMB)
= (RM330 * 8000 workers) + RM560,000 (other costs by CIMB)
= RM3.2 m

Total profit
= Profit from remaining factories + profit from Klang - Additional costs
= RM1 b + RM0.67 b - RM0.032 b
= RM1.638 b

* This calculation has yet to factor in the increased ASP (which is likely to reach its new high in 2021)
_
Q3 2020 - RM347,895,000
Q4 2020 - RM1,291,995,000
Q1 2021 - RM2,000,000,000
Q2 2021 - RM1,638,000,000
Total profit = RM5,277,890,000
Number of shares = 8,196,000,000
EPS = RM0.643
PE = 11.43 (share price at RM7.35)

Understand?

Remember what Mickey said yesterday?

There are only 7 Good FA gloves company still can enjoy 10 to 12 % yearly growth in normal situation for long term holders. Mabel Fantastic Four are the Top 4. Go and read what he posted last night..

Summing up,,

Mabel is not like you selling shares before it's fully ripe. Go and watch Armada and Serba Dinamik, many cannot tahan already and sold their share. I will only share when I meet my target price.

Kossan and Harta why you sell when the price is not ripe? So Pondan...

Meow

Posted by Mikecyc > 2020-11-24 19:32 |

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