The Gloves Century Rally

Glove Rally With Vaccine - Gloves + Vaccine

Stockiss
Publish date: Wed, 09 Dec 2020, 07:56 PM

Glove Rally With Vaccine - Gloves + Vaccine

  1. http://www.globenewswire.com/news-release/2020/12/04/2139760/0/en/Global-8-98-Billion-Nitrile-Gloves-Disposable-Durable-Markets-2020-2027-Increasing-Demand-for-Single-use-Gloves-Due-to-the-COVID-19-Outbreak.html researched and reported the following findings and forecasts
  1. The global nitrile gloves market size is projected to register a CAGR of 14.1% to reach USD 8.98 billion by 2027.
  2. Disposable nitrile gloves are expected to expand at CAGR of 14.5% over the forecast period on account of the increasing demand for single-use gloves across the end-use industries post the outbreak of the COVID-19 pandemic.
  3. Medical and healthcare end-use segment accounted for 69.4% of the global revenue in 2019 as nitrile gloves are widely used across the industry as it aids in preventing cross-contamination and transmission of pathogens during medical examination and surgeries.
  4. The demand for nitrile gloves in North America is expected to witness a CAGR of 13.7% over the projected period on account of the rising healthcare expenditure, increasing elderly population, and growing awareness pertaining to healthcare-acquired infections.

 

  1. https://klse.i3investor.com/blogs/freetospeak/2020-08-18-story-h1512394632-VACCINE_OR_WITHOUT_GLOVE_STOCK_RALLY.jsp presented the price chart of TopGlove in comparison of the outbreak and glove demand.

It shows that their stock price continue to rise for at least 2~3 years after the start of the outbreak, regardless if a vaccine is available or not.

 

  1. World Trade Atlas, Affin Hwang also published that the glove demand do not fall below pre-pandemic level during Sars & H1N1 outbreak. In fact, the demand keeps increasing after the end of the outbreak.

 

Conclusively, the above studies serve to confirm the life cycle of a glove bull rally and demand outlast even if a vaccine is available to public. It is the market sentiment that glove rally will end and replace by vaccine rally but in reality, it should see both Glove+Vaccine rally together.

 

Discussions
4 people like this. Showing 3 of 3 comments

Luren

well said

2020-12-09 20:17

koolset

so far, no news about "needing less glove" next year. there is still global demand for it for sure.

2020-12-09 20:20

stockraider

Interpret the Good News release mah...!!

This is an important high level of share play mah....!!

Let market tell u, what is behind the story loh...!


Posted by stockraider > Dec 9, 2020 8:08 PM | Report Abuse X

This bcos the good news already factor in the share price mah...!!

Going forward they knew the current very good profit cannot sustained mah...!!

Thus they sell ahead loh....!!

Posted by VolatileIsMyGold > Dec 9, 2020 4:59 PM | Report Abuse

Malaysian investors are the stuppidest & the weirdest in this whole wide universe

Any company makes awesome profit, they don't chase, but they dump

Then they go grabbing companies that make gigantic losses

2020-12-09 20:21

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