Koon Yew Yin's Blog
Glove Price is dropping - Henry Wong Wei Khen
Koon Yew Yin
Publish date: Sun, 25 Apr 2021, 03:08 PM
Koon Yew Yin
0 1,454
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
I buy gloves from several Malaysian glove manufacturers to sell in Europe. I have a licence to supply gloves to Hospitals in Spain. I notice there is an oversupply of gloves. As a result, glove price is dropping.
All existing glove makers have expanded their production.
Currently all the existing glove manufacturers have expanded their production.
Many companies have diversified
Many companies which are not in the glove business before have diversified to manufacturing gloves. For example:
Mah Sing, a property developer has diversified into the healthcare industry by venturing into glove manufacturing. Establishing its first glove manufacturing factory in Kapar, Mah Sing aspires to be one of the top five glove producers in Malaysia in the future.
Luster Industries Sdn Bhd specialises in plastic moulds, plastic injection moulding (moulding) and assembly. Incorporated in 1986, the Malaysia-based company. 12 Apr 2021 Luster Industries signed a contract for the construction and commissioning (EPCC) for 12 rubber glove production lines in the US. The agreement was inked between Luster and American Nitrile.
Many new glove makers in Malaysia
AT Gloves
The company is set to commence glove production as early as Dec 2020 and increase production up to 2.6 billion pieces of medical grade nitrile gloves per annum by June 2021.
JR Engineering and Medical Technologies have grown from a rubber gloves processing agent to a full-scale glove manufacturer.
GREAT ECO GLOVE SDN BHD (GEG), is one of the rubber glove manufacturers in the State of Selangor, Malaysia. We aspire to serve our customers with full commitment from the heart.
AXG INDUSTRIES SDN BHD We are specializing in Latex, Rubber & Nitrile (Synthetic) Glove in powdered and powder free form with OEM brand allowed and which has been marketed
EONMETALL Group Bhd plans to invest RM51 mil in a 51% stake in Lienteh Technology Sdn Bhd (LTSB), which is expected to begin its nitrile glove manufacturing operation next month.
Besides the new glove makers as stated above, there are many more glove makers in Malaysia namely
Leader Steel, Rimba Gloves, HLT Global, Kanger Tech, CE Technology, Inix Technology, 23 Gloves Johore, Ol Gloves, etc
I am sure I can also buy gloves at cheaper prices from China.
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Discussions
1 person likes this. Showing 50 of 86 comments
conman is trying accumulate? what kinda sor hai conman would buy expensive overpriced ticket? lol
2021-04-26 09:23
Uncle KY recently post a lot negative news on glove counter, why? he use to promoted AT, Supermax , Rubberex before CNY... Why
2021-04-26 10:12
ks55, yeah, my china masks printed with "Made in Taiwan".
China has no brand power, at all.
老頭此乃黔驢之技。
2021-04-26 11:16
uncle play stocks until blur already,jump here jump there instead of bying glove stocks
2021-04-26 11:17
The glaring facts are clearly detailed yet, glove huggers refuse to consider the dilution in market share, increased supply and competitors. Indeed a price war would claw down the maniacs.
The wise man says, don't argue with fools who forgot the TULIP mania.
2021-04-26 12:14
I’m not sure if China ASP price is cheaper or not for the same type of glove. But I’m very sure their share price definitely much higher in term of PE ratio.
2021-04-26 12:49
Why bother about comment of someone(s) who proven he is wrong in the glove stocks cycle? Logic tells you highly likely he will be continuously be wrong in predicting the cycle.
2021-04-26 12:52
馬來西亞為什麼成為一次性手套霸主？
中國替代馬來西亞廠商的冠軍地位有難度
1.) https://wap.stockstar.com/detail/IG2021012800001815
2.) http://stock.jrj.com.cn/2021/01/28184431802341.shtml
2021-04-26 13:26
Vaccine, lower ASPs, windfall tax, ESG all these cannot stop glove bull lah cos now dah panic buying dah. Noboday cares about all these old news
2021-04-26 14:19
Hahahahahaahahahaaa ... Monyet FYY.
____________________________________
Targeted Hahahahha................panic selling LBalum.....lol
26/04/2021 1:14 PM
2021-04-26 14:45
Uncle never learnt new skills and still relied on past experience. Now people trade using HP, info/news easily available, many tools to work out stock intrinsic value etc...
2021-04-26 15:24
not only for uncle, a lot of old fund managers are outdated as many mutual funds performed poorly last 5 years and their returns cannot even beat EPF. Even Warren Buffet's Berkshire cannot beat S&P return last 5 years.
2021-04-26 15:29
Kyy don't need to care about your temptation. Follow your temptation better than your FA.
2021-04-26 15:35
Glove price is dropping but the demand for glove didn't drop. So the company will continue to report profit growth in next few quarter.
2021-04-26 17:36
Why why K,
Still not learning from Sifus here.
Why why K, is outdated already.
Uncle not Red eyes seeing everyone here earn money kah???
2021-04-26 17:50
Uncle everyone happy happy alrd, u still yet join the wagon? Later where to put your face laaa.......
Don't wait uncle......
2021-04-26 20:31
Uncle is the biggest swinger in bursa history.
Salute you uncle with your swinging skill, probably alrd reach 4some, 5some or even 6some...level
Congrats uncle.
2021-04-26 20:40
Koon should just accept he had been wrong big time TWICE, and adapt accordingly. Instead of being such a sour grape; so sulky he had lost big with Supermax, and then failing to jump onto the gloves rebound.
"prices of gloves cheaper... more players in the market" etc. etc. - even if these are correct, for Bursa investors, speculators and especially traders, WHO CARES?!
Tell us, Koon, *what* is the one and only goal when we enter the stockmarket? Why, it's to MAKE A PROFIT, of course. Specifically, capital gains. If it's not clear enough yet, "To buy something and then sell at a higher price later on", and thereby making a profit.
It doesn't matter how much cheaper gloves are selling now and in the future. As long as the current price is higher than what we had bought a counter for, then all is well and fine.
If Koon hadn't been such a sour grape, he could have recovered some of his losses by jumping onto the rebound. Unfortunately his pride and ego were obstacles. And he is seething in resentment seeing the "gloves ship" leaving without him.
So unfortunate a former `Bursa Guru' has degenerated to this very low level!
2021-04-26 21:38
Old Con sold all his shares at the bottom few weeks ago...since then price hardly drop below his selling price...So I guess he didnt buy back....solely sourgrape only
2021-04-27 08:24
sour grape..haha..the moment he said you can x4 to get full year net profit for a cyclical stock..i lose interest on him..u cant even guess the price of comodity next month yet you can predict the price will stay the same for the whole year..wow
2021-04-27 13:52
haiyoo... uncle, if you can source glove from china at cheaper price, then china will not become one of the major market for new glove player like Mah Sing
2021-04-27 15:49
when glove shares drop, everybody talks about Vaccine, lower ASPs, Windfall Tax, ESG.
when glove shares rise, everybody forget about Vaccine, lower ASPs, Windfall Tax, ESG.
2021-04-27 21:33
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Conman is trying to accumulate more silently. Just do the opposite what this KYY is suggesting and you will be fine. He hint sell, then you BUY. he hint BUY, then u must sell. He has taken many of the ppl here for a ride, after all his famous disclaimer is he is "not obliged" for your profit/losses. After satisfied exiting/entering, then he will be "obliged" to inform you. Mudajaya, JAKs, AT, Supermax? Familar?
2021-12-20 13:20