China covid still NOT under control.
Could see more lock downs country wide.

Was told Riverstone ASP for this year 2022 much better than 2019.. GM about 20%.
Coming qtr production about 90% vs about 70% previous qtr..
Good reversal.

USD at RM4.29.
With such high exchange rate bonus, revenue and profits will be higher.
Riverstone up more than 4% today in anticipation of good news during AGM on Monday, 25th Apr.

Lasr qtr could be the worse for all gloves companies. Inflation will hold or increase ASP. The next qtr results will reverse and re rate this sector.

December to Feb qtr and Jan to March qtr can be very different.
Good orders start in Dec onward but delivery will probably a month or 2 later.
December holidays and Feb is CNY and production very limited.
Let see the coming qtr results soon ..

More orders are in esp from USA.
ASP should be stablised by now as restocking started.
Inflation everywhere provide catalyts to increase ASP soon.
Interests rate getting higher, cash rich gloves companies will be favored.
Qtr results coming soon next month for many gloves companies.
PE at this low level will give gloves companies a gap up..

China gloves suppliers continued to be affected.
Malaysia companies should benefit, getting back all the past customers orders.
Orders started end 2021 and early 2022.
With high inflation everywhere, ASP should start to move up as mentioned by Margma recently.
Be greedy now?

Demands for gloves stays high.
Supplies drop.
Whats next??

China Covid outbreak: Guangzhou closes schools, Shanghai’s new cases soar to a record
PUBLISHED MON, APR 11 20221

KEY POINTS
The southern city of Guangzhou closed in-person classes at elementary and middle schools as of Monday, shifting courses online.

In Shanghai, lockdown measures remained in place, while the city reported a record high combined number of cases for Sunday, 914 with symptoms and 25,173 without.

Electric vehicle company Nio announced Saturday it was suspending production and delaying delivery of its cars since suppliers have had to halt production due to Covid..

This is just the start???

Yes, go for both

Just feel that the gloves companies need to be steady. Manage the gloves ASP to target sustainable higher margins going forward since demands are back with China companies under lock down. The quality and certification std should be there to get that higher selling price.

Many hospitals are still very busy globally. Those countries living with Covid are starting to treat normal cases in the hospitals backlogged since 2 years back.. Singapore is one such country. Demand will be high, growing at least 10 to 12% annually. Other industries are also using more gloves for hygiene and safety reasons.

BEIJING (Reuters) 11April 2022 -- China's factory inflation slowed but beat expectations in March, official data showed on Monday, as the country grapples with cost pressures caused by Russia's invasion of Ukraine and persistent supply chain bottlenecks.

The producer price index (PPI) increased 8.3% year-on-year, according to data from the National Bureau of Statistics (NBS), easing from 8.8% growth in February but beating a forecast for a 7.9% rise in a Reuters poll.
While the year-on-year PPI rise was the slowest since April 2021, the monthly increase of 1.1% was the fastest pace in five months.

China's consumer price index (CPI) inched up 1.5% year-on-year, the fastest pace in three months, after a gain of 0.9% in February and beating the 1.2% rise tipped by a Reuters poll.

The world's second-largest economy came under downward pressure in March with renewed COVID outbreaks and the manufacturing and service sectors reporting declines in activity.

Authorities have unveiled policies to support the economy, including greater fiscal spending and reductions in income tax for small companies.
China's cabinet on Wednesday vowed more support measures for consumption and investment.
Against a year ago, food prices fell 1.5%, compared with a 3.9% decline in February, resulting in a drop of 0.28 percentage points in headline CPI.

The still modest consumer inflation points to weak demand as the sentiment in consumption was dented by Beijing's strict COVID control measures.
China reported 26,411 new asymptomatic cases for Sunday, more than 25,000 were in the financial hub of Shanghai, currently under a citywide lock down.

Iris Pang, chief economist for greater China at ING, expects Shanghai's economy will shrink 6% this month alone if the current lockdown persists, equaling a 2% gross domestic product decline for the whole of China.

Most analysts expect China's central bank to lower borrowing costs, and cut reserve requirements for banks or lower interest rate to pump more cash into the economy..

Usage of gloves continue to be high with all the variants. Q1 results likely will show some green shoots!! No wonder gloves reversed trend last 1 ,2 week.

China will suffer economically if they continue to stick to zero covid policy. Short to mid term, looks tough for them.

China can’t escape economic pain of its zero-Covid policy
as case numbers rise and cities brace for lockdown!!

As China faces its biggest Covid-19 outbreak yet, the economic impact of the government’s strict approach will make it difficult to meet annual growth targets
There are signs the policy is being recalibrated to prepare for living with the virus, but the moderation will do little to ease growth pains in the near term..

https://www.scmp.com/comment/opinion/article/3173112/china-cant-escape-economic-pain-its-zero-covid-policy-case-numbers

ASP should be stabilised or already factored in during the past months of sell down. Now with the last qtr sales closed, ppl with knowledge are seeing improvements in sales and profits? Look like better days are coming especially with China lock downs. Costs are likely to be able to be passed to buyers, with China supplies under threat. Happy for those who bought gloves counters recently!!

Stage is set for up and up trend?
RSS covering, EPF and insiders buying.
Demands for gloves started last qtr 2021. Coming qtr will see some green shoots?
Covid cases in Asia are still record high.
China production affected by lock downs and supply chains problem gives Bursa gloves spiked performance.
Current cheap stock prices with record low PE will see strong reversal.

China reports more lockdowns which will affect all their industries and supply chains and it will definitely slow down their gloves and healthcare sectors. Good for Bursa gloves companies.

Time to relook gloves?
GLOVE companies may have seen much of their earnings already bottom out, with reward-to-risk payoffs appearing to be more balanced now.
In upgrading the sector to “market weight”, UOB Kay Hian Research says the sector is expected to bottom over the immediate-term.
“While sentiment could decline in tandem with the sector bottoming out, we think downside risks to earnings have largely been factored in. “Thus, the reward-to-risk payoff appears balanced at this juncture, prompting us to upgrade the sector,” it tells clients in a report on the sector.

Glove companies reported financial results that were disappointing to say the least in the most recent quarter, but this was not at all surprising, given that their profits were extraordinary over the last couple of years due to the Covid-19 pandemic.
To be sure, average selling prices (ASPs) of gloves have already been on a steep downtrend in the last few months, moving closer to “normal” prices in tandem with the pandemic transitioning to an endemic both here and globally. One glove player for one, believes that the worst could be over for ASPs.

Iconic Worldwide Bhd group executive director James Tan says current ASPs of gloves in general, have reached pre-pandemic levels. “We foresee prices to start climbing back up over the next couple of months even as the costs of other things like labour and natural gas remain high or move even higher,” Tan tells StarBizWeek...

https://www.thestar.com.my/business/business-news/2022/03/19/time-to-relook-gloves
Soon more and more analysts will upgrade sector.

Health experts predict uptick in U.S. Covid cases due to new BA.2 variant!

U.S. health experts are warning an emerging, highly contagious Covid omicron variant, called BA.2, could soon lead to another uptick in domestic coronavirus cases.

White House chief medical advisor Dr. Anthony Fauci said BA.2 is about 50% to 60% more transmissible than omicron, but it does not appear to be more severe. Health officials continue to stress coronavirus vaccines and boosters remain the best ways to prevent serious illness from the virus.

“It does have increased transmission capability,” Fauci said Sunday on ABC’s “This Week.” “However, when you look at the cases, they do not appear to be any more severe and they do not appear to evade immune responses either from vaccines or prior infections.”

The variant has already caused cases to increase in China and parts of Europe. It is estimated to account for about 25% or 30% of new cases in the U.S., but it could become the country’s most dominant variant, Fauci said..

Read... yet ANOTHER new variant again.

TOKYO -- The brunt of new coronavirus infections has shifted to Asia, as a renewed increase in cases globally appears fueled by the rise of omicron subvariant BA.2.

The seven-day rolling average of new COVID-19 cases worldwide jumped 20% over two weeks to reach 1.79 million on Thursday, data compiled by Johns Hopkins University in Baltimore shows. Cases remain below the peak seen Jan. 25, despite the rise in patients this month.

But Asia's share of new infections, excluding China, has grown to 48% of the global total, up from 21% during the January omicron peak.

South Korea leads the world in new cases, reporting over 600,000 for Wednesday, well above the country's previous record of more than 400,000 logged Tuesday.

The increase is blamed in part on rallies held by South Korean presidential candidates ahead of the March 9 election. The government eased restrictions on business hours in late February to help restaurant and bar owners, but that move may have fueled the spread of the coronavirus as well...

China is facing mounting pressure to guard against imported infections as new confirmed COVID-19 cases have rebounded globally in the past week with more than 40 percent of cases appearing in areas surrounding China, according to China's National Health Commission (NHC) at a press conference on Saturday.

Starting from December 2021, the COVID-19 pandemic entered its fourth peak, and the number of reported cases per week has exceeded 10 million for 11 consecutive weeks, which is still at a high epidemic level. In particular, since the beginning of this year, the epidemic situation in China's neighboring countries and regions has been increasingly volatile. Since March this year, the average number of daily imported cases in China has exceeded 200.

From March 1 to 18, more than 29,000 COVID-19 cases were reported across 28 provinces and regions in China, including more than 10,000 cases in one province of Jilin, according to officials at the press conference.

As of the end of Friday, 29,127 confirmed COVID-19 cases have been hospitalized nationwide, with more than 95 percent considered mild or asymptomatic cases. The proportion of severe and critical cases is less than 5 percent, one NHC official said..

Read... Gloves and PPE still much needed.
Chinese gloves companies should be affected by cities lock downs.

Last call to put in your bet.
Extreme pessimistic prediction to the many who forecast loss of 200mil..
5 minutes to go and all will know who is right..

Lots of rumour and loss prediction..
Wait for 1 hour and all will know the real outcome.
Boss buying over the last few days... why???
I am buying with him haha.

Just 1 day to see tomorrow results.
Boss Lim buying yesterday gave out any signal ??
My guess is good results that surprise many ppl.
Tomorrow verdict out. Hold tight!!

TG results coming on Wednesday..
Revenues from US will bring up the top and bottom lines.
Hold your shares tight.

So under priced when look at the profits, balance sheet and cash per share.
Eat more with SBB, too cheap to ignore.

its time to rotate from high PE overvalued counters to oversold healthcare stocks. TG coming results will provide further upside.

Putin wont trigger nuclear weapons.. it will destroy his own country.

Results coming soon..
I have a feeling there will be a great surprise performance hinted from the last results briefing. Check it out.

China gloves making losses for every glove sold at current ASP.
Their quality std are also questionable.
US and EU likely will impose duties or restriction as well.
China how to compete going forward?
Soon one by one they will be phased out.

UG Healthcare (listed in SGX) results out and analysts start BUY call.
Revenue and ASPs are stabilising qoq and value are found in gloves companies...

Over oversold.. PE all time low still nobody wants. Lol

Can be sorted out.
I will also call WRP Asia Pacific Sdn Bhd and Top Glove Corporation Bhd, where the restrictions on these companies have been lifted. We will adopt the approach taken by these two companies as a guide and improvement for other companies....

Hart Results will show a base and soon banks and analysts re rating will come.

Trade Minister talk and Companies rep talk will be different.
Politics resolution should be faster ..

Soon Supermax ban will be lifted?

PUTRAJAYA: Human Resources Minister Datuk Seri M. Saravanan will hold a meeting soon with companies that are subject to the export ban imposed by the United States' Customs and Border Protection Department (US CBP).

He said the meeting would be held to discuss immediate action to be taken to resolve issues related to allegations of forced labour in the country.

"I will also call WRP Asia Pacific Sdn Bhd and Top Glove Corporation Bhd, where the restrictions on these companies have been lifted. We will adopt the approach taken by these two companies as a guide and improvement for other companies," he said in a statement today.

Saravanan said the ministry viewed seriously the ban imposed by US CBP on several local companies as it could tarnish the country's name and had instructed the Manpower Department to carry out an immediate investigation.

"I am committed to addressing this issue immediately to ensure Malaysia is no longer associated with forced labour practices. All companies that are subject to these export restrictions need to improve their internal practices and tough action will be taken against companies that are still in default," he added.

The US CBP recently issued a Withhold Release Order (WRO) on several local companies and seized oil palm products manufactured by Sime Darby Plantation Berhad and its subsidiaries. The order was also imposed on YTY Group's rubber glove products.

During a meeting with his counterpart Ida Fauziyah in Jakarta last Jan 24, Saravanan gave the assurance of Malaysia's commitment to protect and safeguard the welfare of all workers, including foreign workers.

He said it was in line with the National Action Plan on Forced Labour 2021-2025 (NAPFL) which was launched on Nov 26 and served as a framework for all programmes and activities to eradicate forced labour practices. - Bernama

The naysayers and shorts really can tell imaginary stories to create panic.. ground facts are so different. Interesting indeed.

GENEVA, Jan 24 (Reuters) - The head of the World Health Organization (WHO) warned on Monday that it was dangerous to assume the Omicron variant would herald the end of COVID-19's acutest phase, exhorting nations to stay focused to beat the pandemic.

It’s dangerous to assume that Omicron will be the last variant and that we are in the end game," Tedros Adhanom Ghebreyesus told a WHO executive board meeting of the two-year pandemic that has killed nearly 6 million people.

On the contrary, globally the conditions are ideal for more variants to emerge...

Rotational play in 2022..
Look for value and not growth stocks in high interest environment.
Companies with lots of Cash is king..

Profits to many seems nothing.. only know how to shout pre pandemic price. crazy market.

Top glove bosses just buy and buy. cheap cheap.

Oversold deeply due to extreme bad sentiments.

Cash is king. Supermax make so much and still making profits rvery qtr. Ppl cannot see it?

Dow dropped again.. major correction coming?
Time to switch back to healthcare at such low valuation?
Look at 2020 history..

Extreme pessimism on this counter now.. whats next??

.
Irrational market caused by greed and fear.
Pandemic over and no gloves needed?
Top glove losing money?

Supermax down , can understand.
Top gloves can benefit.
Hartga results can give a clue.. hint is ?