What Theme will Mr Mkt always play up perpetually? TECH
WHY? bcos NASDAQ, the world most efficient stock index will move TECH stocks everywhere. Stock players must focus fulltime on cycle knowhow of Nasdaq index, n on TECH stocks such as: INARI, MPI, UNISEM, D&O, FRONTKN, DUFU, SAM, KOBAY, GENETEC, UWC, PENTA, GREATEC
An International GLOVE Conference on 6-8 Sep 2022 at KLCC
Key words: Game Changing Initiative
all the ts of glove stocks must be planning a reversal of their fortunes. these ts will charm all the anal.ists 1 by 1 like b4. Glove stocks were great winning stocks n the pride of msia. Will they recover soon to their glorious days again by 2 X to 5 X?
The stock pro said; history repeats in great stocks but not in exact pattern, quantum or duration.
GLOVE stocks have Perpetual Growing Biz. Thus far, total global glove usage grows at > 10% CAGR n non.stop... Very few biz sector can show this growth.
PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.
MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.
He explained that MARGMA’s initial forecast on global glove demand had taken into consideration the potential risk from the outbreak of the Omicron variant.
“Now we find most of these [risks] have come under control. That’s why we need to reassess the numbers,” said Supramaniam.
He was speaking at the press conference on Wednesday (Aug 3) in conjunction with the memorandum of understanding (MOU) signing ceremony for the upcoming 10th International Rubber Glove Conference & Exhibition (IRGCE).
MARGMA and the Malaysian Rubber Council, which will jointly host the IRGCE, had signed the MOU with 18 key sponsors of the IRGCE on Wednesday.
Supramaniam said Malaysia, which produces an estimated 240 billion pieces of gloves in 2022, is expected to command a 65% share of the global rubber glove market, followed by China (20%), Thailand (10%) and Indonesia (3%).
In line with the decline in global demand this year, MARGMA projects that the export value of rubber gloves from Malaysia would drop by 58% to RM23.10 billion this year, from RM54.81 billion last year and RM35.26 billion in 2020.
Nonetheless, MARGMA foresees that the export value for rubber gloves from Malaysia would grow 10% annually from 2023 onwards.
“Glove manufacturing will still be a profitable business, bearing [in] mind, in normal conditions, its (annual global demand) growth is about 15%,” said Supramaniam.
Nonetheless, Supramainam expects the outlook of the Malaysian glove industry to be tough in the next six- to nine months, in terms of production capacity utilisation and glove average selling prices.
“Supply pipeline has sufficient gloves. Upon (supply-demand) equilibrium, players will expand only to the tune of demand growth,” he said.
Supramaniam also updated that MARGMA members have so far automated about 85% of their glove production operations, and that it will take them another three- to four years to automate 95% of their operations.
“The last mile is very important and we are investing continuously to achieve that. One of the examples we like to use is 10 years ago, we needed 9.7 workers to produce one million pieces of gloves. Today, to produce the same [number] of gloves, we need 1.7 workers. So, we will continue to automate,” he said.
KUALA LUMPUR (Aug 8): The Malaysian Rubber Glove Manufacturers Association (Margma) estimated that the Malaysian glove industry suffered losses of about RM1.8 billion from 2020 to 2022 as a result of the US Customs and Border Protection (CBP) sanctions on six glove companies.
Margma president Dr Supramaniam Shanmugam also said the CBP’s import ban for the four glove industry players, namely YTY Group, Smart Glove, Brightway Group and Supermax Corp Bhd, will be lifted “very soon”.
watch this grand ROAD SHOW to attract int fund managers n investors... THE INTERNATIONAL GLOVE CONFERENCE ON 6TH - 8th SEP 2022 at KLCC
this giant ROAD SHOW could be the catalyst to purebull GLOVE stocks.,. from their deep ocean prices.,. to RECOVERY... +++++++++++++++++++++++++++++ staring at all stock charts 247 by biz sectors = THIS IS THE TAKE:..
players as long term holders could lose lots of money. n GLOVE could be the least risky sector, do meditate on it!
KUALA LUMPUR: Hartalega Holdings Bhd bercadang untuk menghentikan operasi satu lagi kilang pembuatan di Bestari Jaya bagi menjimatkan kos.
MIDF Research dalam satu nota penyelidikan berkata, rancangan untuk menghentikan Kilang 3 Bestari Jaya yang mempunyai lapan barisan pengeluaran dan menghasilkan 3.3 bilion unit sarung tangan setahun itu adalah bagi meningkatkan keberkesanan kos.
Ia berkata, Hartalega sebelum ini telah menghentikan Kilang 2 Bestari Jaya bagi tujuan penjimatan kos berikutan jumlah pekerjanya yang ramai.
"Kilang 2 mempunyai lima barisan pengeluaran dan menghasilkan 1.2 bilion sarung tangan setiap tahun," katanya.
MIDF Research berkata, di sebalik rancangan penutupan itu, Hartalega ketika ini juga sedang menyiapkan pembinaan pengembangan empat kilang pembuatan di bawah NGC 1.5 di Sepang.
Katanya, pengurusan Hartalega menekankan bahawa pentauliahan kilang akan dibuat secara berperingkat, tetapi masanya akan bergantung kepada dinamik penawaran dan permintaan dalam pasaran.
"Berdasarkan NGC 1.5 (Sepang), kilang pengeluaran itu akan meningkatkan kapasiti tahunan sebanyak 19 bilion sarung tangan.
"Penyahtauliahan kilang pembuatan dijangka akan mengimbangi pentauliahan pengembangan dua kilang di bawah projek NGC 1.5, yang menghasilkan jumlah kapasiti yang sama," katanya.
Keuntungan bersih Hartalega merosot 96.1 peratus kepada RM88.28 juta pada suku pertama berakhir 30 Jun 2022, daripada RM2.26 bilion dalam tempoh yang sama tahun lepas berikutan peningkatan kos tenaga dan buruh yang disebabkan oleh kenaikan tarif gas asli dan pelaksanaan gaji minimum.
Perolehan turun 78.3 peratus kepada RM845.67 juta berbanding RM3.90 bilion sebelumnya.
Perolehan yang lebih rendah itu terutamanya disebabkan oleh purata harga jualan (ASP) yang kembali normal dan kemerosotan jumlah jualan sebanyak 28 peratus, berbanding suku pertama tahun kewangan 2022 apabila kedua-dua ASP dan permintaan jualan mencatatkan paras tertinggi ketika tempoh pandemik.
Ketua Pegawai Eksekutif Hartalega, Kuan Mun Leong, berkata kesan ASP dan permintaan yang kembali normal dipaparkan dalam keputusan suku pertama syarikat yang turut terkesan dengan persekitaran kos operasi yang lebih tinggi dan peningkatan tekanan inflasi disebabkan oleh kenaikan tarif elektrik dan gas asli, serta dasar gaji minimum baharu yang dilaksanakan pada Mei 2022.
"Di samping itu, persaingan semakin sengit di pasaran berikutan keadaan bekalan berlebihan dalam sektor sarung tangan global," katanya.
Taiwan's Centers for Disease Control and Prevention (CDC) confirms 35 human infections of the novel Langya Henipavirus in China's Shandong and Henan provinces. The CDC told Taipei Times that they would begin to establish nucleic acid testing, track close contacts of patients, and conduct genome sequencing.
Health officials in China are now monitoring the transmission of this novel zoonotic virus that has infected dozens of people, despite having no known close contact. Langya Henipavirus in China A study titled "A Zoonotic Henipavirus in Febrile Patients in China," published in the New England Journal of Medicine, reports a new henipavirus linked to the fever-causing illness reported in China.
The researchers of the study investigated 35 patients that have acute Langya henipavirus in Shandong and Henan provinces, of which 26 were infected with Lanya virus only and no other pathogens.
All 26 patients experienced fever, 54% reported fatigue, 50% had a cough, 50% experienced a loss of appetite, 46% also had muscle pain, 38% complained of nausea, and 35% had headaches and vomiting. More so, 54% showed a decrease in white blood cells, while 35% had low platelet count, 35 had liver failure, and 8% had kidney failure. https://www.sciencetimes.com/articles/39279/20220809/china-detects-new...
This Not Good for Super to get Out of US Border Control jail
This is good to others glovemakers who comply with the ILO standards. As more and more glove companies being banned by cbp, supply<demand US will buy from other. Even US plans to hike tariff from China which make even good prospect for US to source from other countries.
Remember, Careplus is part of Ansell so expect terrible quarterly result coming and even need to be shut down or worse cut down on their production which eventually lead to supply < demand.
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....