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2024-02-23 09:57 | Report Abuse
China Manufacturers doing lost making business now, they are depending on interest income and some fake profits like asset revaluation. Excellent glove player like Kossan already posted profit from the core business!!
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2024-02-23 09:54 | Report Abuse
Kossan reported above expectation result this QR. The core glove business shown operating profit before the impairment. Cashflow from operation also positive.
The glove division has posted slightly increase in revenue unlike Harta beaten down by Red Sea crisis.
Congratulations Kosan, well-done!
TG`s next QR will be out End March during Ramadan month. Looking forward for Green Packet from Tan Sri Lim.
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2024-02-22 20:08 | Report Abuse
Open your dumb eye the gloves division has revenue increase 2.6%. Go read QR report first before talk kok here.
How many time I have to kick your asss?
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2024-02-22 19:19 | Report Abuse
Kossan reported operating profit 39 million !!! However this quarter posted a RM35 impairment lost. Net profit 806K. Cash flow from operating is positive!! Declared dividend 2 cent.
Congratulations to Kossan Shareholders!! This result is much better than China Manufacturers still in operating lost!
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2024-02-22 17:07 | Report Abuse
You are not in the business, TG business relationship with OEM customers already built for decades. Quality, reliability, after sales service, all take into consideration not just the USD 1 to 2 per 1000 pieces price difference.
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2024-02-22 17:03 | Report Abuse
TG doing 85% OEM business is more secure compared to Supermax majority running on own brand.
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2024-02-22 16:53 | Report Abuse
Expected one or two big Ang Pow from other oil counter but is after Chap Goh Meih. Belated Ang Pow.
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2024-02-22 16:51 | Report Abuse
I already have Big Ang Pow from my Armada. TG wait for green packet during hari raya. No need to rush.
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2024-02-22 16:14 | Report Abuse
Are you idxt. You shout here got kok use meih?
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2024-02-22 16:12 | Report Abuse
Repost here reasons for V shape recovery in Malaysia Gloves industry.
The reasons why Malaysia glove industry in V shape Recovery now:
1. Strong USD is good for export industry like gloves industry.
2. Raw material price like latex and NBR are lower now.
3. Overall demand has improved. Market has digested the stock bought during Covid. Customer stock bought during Covid either already consumed or expired or near expiry.
4. Small players have exited the market.
5. ASP price could hit bottom and rebounding due to improved demand.
(90% probability ASP price will be increased in coming quarters!!!)
6. Cost down saving and lower depreciation cost due to impairment write off (one time).
7. Natural Gas price dropped from the peak.
8. US custom ban lifted.
9. US and China trade war.
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2024-02-22 15:50 | Report Abuse
I queue buy 0.85 you bising bising apa? Diam lah!
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2024-02-22 14:36 | Report Abuse
TG`s cash flow from operation already positive, EBITDA also positive.
This is good sign. Cash flowing in now
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2024-02-22 14:22 | Report Abuse
Idixt compare with Tesla. How many components in EV cars? Gloves is a simple product how much cost different now USD 1 to 2 per 1000 pieces only.
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2024-02-22 14:14 | Report Abuse
China Manufacturers running full capacity but in lost, why is the purpose?
Malaysia gloves manufacturers already slowly profitable after cost optimization exercises.
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2024-02-23 11:32 |
Post removed.Why?