? Industry competition is high, and it is not easy for other companies to enter the glove field. The new army can survive no more than 20% in the long run
1 of the mainpoint listed out during interview with TG bosses
Mikecyc There are more n more company venture into gloves , some bought non listed glove company and do expansion ,like Vizione..
Recommendations by si-fool Mickey MOUTH like Vizione in future will overtaken TG after TG overtook MBB as biggest component in bursa
Wow, my beloved si-fool mickey MOUTH has very hi ambition I now have to quit my 猪肠粉 bussiness to follow great si-fool mickey MOUTH cari makan liao, find eat, 揾食
Like that die liao, c what my beloved si-fool predicted
------------------------------------------------------------------ > See See See loh : Up resistance 1.56 , Down support 0.95 ... Posted by si-fool mickey MOUTH, king of KL死矣
SEVERAL more companies are jumping on the glovemaking bandwagon, with four Bursa Malaysia-listed firms announcing yesterday their plans to produce gloves as demand swells amid the Covid-19 pandemic.
Cleanroom gloves manufacturer CE Technology Bhd intends to increase its raw nitrile gloves manufacturing capacity to 70.5 million pieces per month via three additional double former glove-dipping lines.
The group also aims to increase its cleanroom post-processing capacity to 83 million pieces of cleanroom gloves monthly through two new cleanroom post-processing facilities.
“The installation and commissioning of the glove-dipping lines, as well as new cleanroom processing facilities will cost RM50 million and is expected to be fully operational in one and a half years,” CE Technology said in a statement to the exchange yesterday.
Meanwhile, Inix Technology Bhd inked a letter of intent with Lyglan Properties Sdn Bhd to acquire a factory building in Negri Sembilan for RM35 million.
The agreement is the maiden step to establish a JV for a medical rubber gloves production business, its ED Lee Han Keat said.
“A JV company would be formed, where Inix will invest RM22.75 million, accounting for 65% of the company’s equity, and Lyglan will invest RM12.25 million, accounting for 35% of the company’s equity,” he said in a statement yesterday.
Inix recently appointed Macau tycoon Wan Kuok Koi as its chairman in a move aimed at turning the firm around and deploying Wan’s rubber glove business in Malaysia.
Property developer Titijaya Land Bhd noted that it is tabling a proposal to diversify into healthcare products, including glove supply.
It’s in talks with a local producer for the venture, the firm said in an exchange filing yesterday in response to a Bursa Malaysia unusual market activity query.
In April, the group signed a strategic collaboration agreement with China-based Sinopharm Medical Equipment QuanZhou Co Ltd to develop medical and hospital equipment-related and real estate businesses.
It signed another agreement in June with China Sinomach Heavy Industry Corp to develop a facility to produce PPE fabric.
Will Continue Monday uptrend. Grab before the cheap sales is gone. HLT will be the fiercest upwards trend among others same liner stocks. Happy trading guys. This is not a buy or sell call. Just my 2cents opinion.
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....
Mikecyc
47,011 posts
Posted by Mikecyc > 2020-09-13 09:46 | Report Abuse
There are more n more company venture into gloves , some bought non listed glove company and do expansion ,like Vizione..