Best Gloves for Barbers and Stylists

https://www.elegancegel.com/blog/best-gloves-for-barbers-and-stylists/#:~:text=Nitrile%20Gloves&text=Nitrile%20is%20perfect%20for%20use,protect%20themselves%20and%20their%20clients.

Many professions require the usage of gloves while they work, barbers and stylists are among those professionals. Not everyone working in this field wears them though; you can say it is a personal preference. If you ask around there are arguments for and against wearing gloves.

According to some barbers or stylists they do not wear gloves because they consider gloves uncomfortable to wear, especially for extended periods of time. They can make your hands sweaty and make it hard to grip the clippers.

Here are some reasonable points on why it’s important for barbers and stylist to wear gloves:

Gloves are sanitary and good for everyone’s overall hygiene.
Wearing gloves helps to protect you and your clients from any possible blood contact, especially during razor cuts.
Gloves will prevent client’s hair from getting under your nails and will protect you from getting painful hair splinters.
Gloves will also keep your hands from getting stained while you’re applying color to client’s hair.


Nitrile Gloves
................

Nitrile gloves are made from synthetic rubber and often referred to as “medical grade.” Nitrile gloves mold to your hand for a superior fit and they are comfortable for wearing for extended periods of time. They will protect you and your client from puncture resistance better than any other type of glove. Available in different colors, like blue, red, or pink you can easily see if they happen to get a puncture in them. Nitrile is perfect for use with color and perms as they are resistant to most chemicals. The shelf life of Nitrile gloves is long, and there is no worry about allergies.

Nitrile Gloves are the best choice for barbers and stylist to use to protect themselves and their clients.

With Nitrile gloves being so comfortable, the glove trend seems to be a tendency that not only protects the professional but the client. Wearing gloves might not just be for style purposes but a shop necessity.

Mutation could make coronavirus more infectious, study suggests

June 13, 2020

https://edition.cnn.com/2020/06/12/health/coronavirus-mutations-scripps-gene/index.html

"Sometime in the middle of January, there was a change that allowed the virus to become more infectious. It doesn't mean it's more lethal," Haseltine said. "It makes it about 10 times more infectious."

"This virus is going to respond to whatever we do to control it. We make a drug, it is going to resist it. We make a vaccine, it is going to try to get around it. We stay at home, it is going to figure out how to hang around longer," he said.

.....................

Above fact means, the change in hygiene habit is going to be permanent.

See Harta's presentation page 14 'Gloves per capita consumption':

https://www.insage.com.my/Upload/Docs/HARTA/12th%20AGM%20Presentation.pdf

all european countries even developing countries is above 112 while china is at 6

Imagine if China, India and Indonesia comes to half the level (112 ) at 56.

3 Billion times x (50) = 150 Billion per annum rise

Pre-Covid demand was at 300 Billion level, meaning 50% increase in global demand.

Its not that difficult to envisage China and India increasing their consumption by 10 times compared to pre-covid level permanently, just at 50% level of other developing countries.

all the governments already book order till next year 2021 winter (northern hemisphere)...by coming winter all back to square one looks like...

i will never invest in any other businesses...all are heading doom direction especially retails, tourism, airlines, hotels...

https://www.worldometers.info/coronavirus/country/china/

Zero cases from 22 April (20 days)....and now 45 cases!

may be already infected 1000s...

Beijing District in 'Wartime Emergency Mode' After Fresh Virus Cluster in Market, Some Areas Locked Down

https://www.news18.com/news/world/beijing-district-in-wartime-emergency-mode-after-virus-case-spike-in-wholesale-market-2667337.html

Chu Junwei, an official of Beijing's Fengtai district, said at a briefing that throat swabs from 45 people, out of 517 tested at the district's Xinfadi market, had tested positive for the new coronavirus.

.......

walao...from zero suddenly 45 new cases!

Malaysia must be joking to open up so soon.....

"Its show how damn difficult it is to eliminate this virus"
............................................

and the world is generating 140,000 new cases daily....WTF!

if TG can drop, may be super will drop further too

the question is will TG drop?

“Monthly sales orders went up by some 180%,” it added.

https://www.cnbc.com/2020/06/12/share-price-of-malaysias-top-glove-surged-due-to-coronavirus-pandemic.html

Such an increase in demand has led to an increase in the average selling price of Top Glove’s products by as much as 30% since the start of this year.

...............

30% todate + 15% June / July = 45%

https://www.theedgemarkets.com/article/still-screaming-buy-top-glove-it-prepares-more-bumper-results

Furthermore, Top Glove also plans to raise the ASPs by 15% a month in July and August respectively, which would widen its profit margin.

.........

must be the barber effects

Post removed.Why?

well said hng33

covid 19 changed standard operating procedures (SOP) of healthcare and uplifted global hygiene awareness permanently

just like 9/11 attack permanently change SOP of screening at the airports

the potential implication is reflected by the enormous difference in per capita consumption of the developed nation vs developing countries like China, India, Brazil and Indonesia

this is the fundamentals that is driving glove players to invest heavily on new capacity

RM 2 per glove kah?

...................


All the SOPs, like having to wear a disposable apron and new gloves for each customer, will be followed as long as they can go back to work.

Yusof said he would charge RM5 more for each service at his 10 outlets in Terengganu and Pahang to cover the cost of buying disinfectants, disposable aprons and gloves to comply with the SOP

Posted by Apple1234 > Jun 8, 2020 10:45 AM | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2020/06/07/barbers-to-charge-rm5-extra-to-cover-cost-of-gloves-apron-disinfectant/

Coronavirus: top glove supplier Malaysia says shortage to drag on, warns buyers to beware of scammers

- The coronavirus-driven surge in demand for the personal protective equipment will spill into 2021, Malaysia’s glove manufacturers body says
- It cautioned buyers to stay vigilant as bogus agents offer ‘ridiculous’ prices with a promise to cut short delivery time

5 Jun, 2020

https://www.scmp.com/news/asia/southeast-asia/article/3087615/coronavirus-top-glove-supplier-malaysia-says-shortage-drag


“MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at US$7.6 billion last year and is expected to reach U$11.8 billion by 2025, according to

MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Coronavirus: top glove supplier Malaysia says shortage to drag on, warns buyers to beware of scammers

- The coronavirus-driven surge in demand for the personal protective equipment will spill into 2021, Malaysia’s glove manufacturers body says
- It cautioned buyers to stay vigilant as bogus agents offer ‘ridiculous’ prices with a promise to cut short delivery time

5 Jun, 2020

https://www.scmp.com/news/asia/southeast-asia/article/3087615/coronavirus-top-glove-supplier-malaysia-says-shortage-drag


“MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at US$7.6 billion last year and is expected to reach U$11.8 billion by 2025, according to

MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Agung birthday also fall on 8 liao!

fantastic news...supermx the greatest beneficiary among all gloves stocks

Posted by freetospeak > Jun 5, 2020 6:40 PM | Report Abuse

- Plant #12 (Lot 6061) • Block B (production machineries only)
- Plant #13
- Plant #14
- Plant #16 (Lot 6062)
TOTAL
65.0
230.0
230.0
190.0
715.0 million Total CAPITAL EXPENDITURE

Supermax can apply for factory expansion.

Companies, both foreign and local, which make capital investment of between RM300 million and RM500 million will be able to enjoy zero investment tax for 10 years.
For capital investment above RM500 million, companies will be given 15 years of tax holidays.

brings back memory...


Stock [SUPERMX]: SUPERMAX CORP BHD
Announcement Date 15-Apr-2020
Date 15-Apr-2020
Shares Ordinary Shares
Number of Shares 8,888,000
Shares Retained in Treasury 8,888,00

8.88 must be...

beautifully expressed......'crystal clear'

Posted by freetospeak > Jun 5, 2020 10:20 AM | Report Abuse

leslie..wat is reveue cannot match with profit???how do u know wat is supermax qtr 4 profit? price already at almost 9 now even when jun not over...what is the price gonna b b4 qtr 4 result in aug?even managment also dunno 100% how much the profit.

But i can tell u...normal asp precovid is about US$23/k pcs ,
now the highest price on retail is about 150USD/k pcs

lets say supermax only sell at US$43/kpcs(u think realistic or not?)

6 bill x 20/kpcs (43-23)= 6b x 8 sen/pcs profit = RM480 million....

i giv it 50% discount = RM240 million.

still not convince me.

Shortage of medical gloves to persist into 2021, says top supplier Malaysia

World consumption of the personal protective equipment is estimated to jump more than 11% to 330-billion pieces in 2020

04 JUNE 2020 - 10:46 KRISHNA DAS

Kuala Lumpur — The global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into 2021, Malaysia, the world's biggest gloves supplier, said on Thursday, warning buyers to be wary of scammers promising quick supplies.

World consumption of the personal protective equipment is estimated to jump more than 11% to 330-billion pieces in 2020, two thirds of which are likely to be supplied by Malaysia, its rubber glove manufacturers association (Margma) said.

It recently received more than a dozen reports of fraud and fake agents claiming to represent member companies for glove supplies. Counterfeit company letters were produced to appoint bogus agents or potential customers were quoted “ridiculous” prices with a promise to cut short delivery time.

“Buyers are reminded that while glove prices have soared and demand is overwhelming, the industry’s supply is being fully booked until early next year,” Margma president Denis Low said in a statement.


“Margma foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at $7.6bn last year and is expected to reach $11.8bn by 2025, according to VynZ Research.

Margma, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Last week, a group of European politicians urged the EU trade commissioner to make sure higher demand does not become an excuse for exploiting workers, who come mainly from Bangladesh, Myanmar and Nepal.

The US in March lifted a ban on imports from Malaysian glove maker WRP Asia Pacific it had accused of using forced labour.

Developed economies, home to only a fifth of the world's population, account for nearly 70% glove demand due to their stringent medical standards.

Reuters

.........

@Maxam, thanks for sharing

supermax shed its skin today...to grow larger

added to to FTSE!

http://www.mira.com.my/misc/media_release-04062020.pdf

As a result of this review, AMMB Holdings, Axis Real Estate Investment Trust, Datasonic Group, Malaysia Airports, Mega First and MI Technovation have been added to the FTSE Bursa Malaysia Mid 70 Index

may be they will reopen margin after reaching TP

i miss RM8...

Supermax Corporation - Quantum Leap
..................................

Date: 03/06/2020

Source : KENANGA

Contrary to our earlier assumptions, the industry ASP has risen further month-on-month in anticipation of tighter supply and supernormal demand due to the pandemic. We highlight that SUPERMXs OBM distribution model could yield higher price and margins. Industry ASP over the next few months is now higher by between 5% and 15%, as opposed to the previous monthly 5% hike. With a diverse customer base, we expect SUPERMX to have better pricing power, potentially getting higher than industry average selling prices. Hence, we raised our FY20E/FY21E net profit by 11%/43%, to account for higher margins. TP is raised from RM7.60 to RM10.90 based on unchanged 26x CY21E EPS. Reiterate OP.

Dual-stream incomes from manufacturing and distribution. We gather that it is confident of raising ASP by between 5% to 10% each month from June till Dec 2020, vs. our previous expectation of 5% monthly increase from June to Sep 2020 indicating supply tightness have further propelled ASP higher. Specifically, Supermax is expected to gain from higher margins from both its gloves manufacturing and distribution. We expect higher margins going forward due to higher product mix skewed towards OBM distribution which accounts for 95% compared to 70% pre Covid-19 which we believe had caught us as well as the market by surprise at a time when supply is tight due to aggressive stockpiling of critical medical supplies including gloves. Supermax is getting enquiries from foreign government agencies, non-government organisations, retailers and restaurants chains. Amplifying the pent-up demand, buyers are paying between 30% to 50% deposits in advance to secure glove supply and timely delivery. From a conference call with its investor relations, we understand that demand has continued to climb over the past 2 weeks indicating that lead time is now 12 months compared to 10 months and order-book filled up to June 2021. This led to higher utilisation rate of >95% as compared to pre-COVID-19 level of 80-85%. Case in point is Supermax’s overseas distribution centres which are experiencing fast inventory depletion from the normal 4 months to within 6 weeks. Supermax expects the heightened demand to continue for the next 1 to 1.5 years.

Outlook. Plant 12 consists of Block A and Block B, each consisting of 8 double former lines with 2.2b pieces each (total 4.4b pieces). As of now, for Block A, its remaining 3 lines started commissioning in end March 2020 on top of the 5 lines already in commercial production. For Block B, all 8 lines are expected to be fully commissioned by 2H 2020. Upon full commercial production by 2H 2020, installed capacity will rise 13.4% to 26.2b pieces per annum.

Raised FY20E/FY21E net profit by 11%/43% after raising pre-tax margin assumption from 16%/18% to 17%/25%.

Undemanding FY21E PER valuation of 18x compared to earnings growth of >100%. Correspondingly, our TP is raised form RM7.60 to RM10.90 based on unchanged 26x CY21 revised EPS of 41.9 sen (at slightly above +2.0SD above the 5-year historical forward mean). We like Supermax because: (i) the stock is trading at an undemanding 18x FY21E EPS compared to expected earnings growth of >100%, and (ii) of its OBM model, where it can extract higher margin from distributor prices, compared to the OEM model at lower factory prices. Reiterate Outperform.

Key risk to our call is longer-than-expected commercial operations of new plants.

Kenanga latest TP 10.90

glad to hear this from OTB...

Posted by OTB > Jun 2, 2020 8:26 PM | Report Abuse

Posted by freetospeak > Jun 2, 2020 5:40 PM | Report Abuse

The kyy calculation is not fair to supermx in term of selling price and product %. Should higher than 13

he he...not many understand supermax obm centre, obm independant distributor and oem composition. using supermax price chart to compute topglove n comfort. its already very wrong. u can say 100% ASP for topglove obm department ,that i can understand. for comfort, i think very difficult. only for supermax can capture full 300% increment for 55% obm segment. the other glove company is very very wrong to use this pricing to compute their profit.
-----------------
Ans :
Mr Koon takes my report to attach to his article.
This calculation is very conservative, 10.14 is still has not hit yet.
No reason to put up so high target price.

"The Manufacturer's selling price of gloves had increased from USD 25 to USD 110, an increase of 340%."

From the above statement, I know how high is the target price.
Wait for next quarter result out, I will revise up the target price again.
Thank you.

lets see changing name bring some luck to supermax today...

OMG... and this panther is sleeping

Posted by CharlesT > Jun 1, 2020 2:04 PM | Report Abuse

topglove SG limit up...lol

https://www.theedgemarkets.com/article/malaysian-state-cargo-carrier-profits-soaring-demand-medical-gloves

MAB Kargo profits from soaring demand for medical gloves

May 19, 2020


Posted by CharlesT > Jun 1, 2020 11:25 AM | Report Abuse

Posted by super_newbie > Jun 1, 2020 11:25 AM | Report Abuse

Btw, guess next quarter might not excellent as expected with so many holiday between Apr-Jun.

lol!

Posted by CharlesT > Jun 1, 2020 11:25 AM | Report Abuse

Maybank garang garang revised abt RM9 higher on Topglove from their last TP...io revising 5 times in a month like Kenanga on Supermax

https://www.biometricupdate.com/202005/datasonic-stock-analysts-and-precise-biometrics-ceo-hear-industry-opportunities-knocking

Malaysia’s Datasonic is rumored to be on the heels of a series of government contracts, while Precise Biometrics’ CEO is optimistic about the company’s digital ID and access control offerings. Other announcements by publicly traded industry players include a new client for Nuance, a new board member for Synaptics, resolutions from Fingerprint Cards’ and Idex Biometrics’ AGMs, and a new implementation of Goodix technology.

Datasonic rumored to be in line for government contracts

Datasonic Group Bhd shares have surged in price on rumors that it may win a new contract with the government of Malaysia, where the company is based.

The company already provides biometric facial recognition to the government for border control, and stood up a joint venture to develop next-generation biometrics with Digent last year.

A contract for online renewal of temporary foreign workers for the country’s Immigration Department was extended, ahead of a possible new contract. The news sent Datasonic company warrant DSONIC-WA up by 11 percent in a day to 65 sen, on the second highest volume among public companies on Bursa Malaysia, with nearly 109 million units traded.

The contract for temporary foreign workers is currently held by MyEG, which has received notice to continue providing the service until informed otherwise. The contract had been set to expire on May 22.

Other contract expected to be handed out in the near future include tenders for the Foreign Visa System, One-Stop Centre, Foreigner Identity Card (I-Kad), Electronic Medical Records, and National Digital ID, according to market analyst firm RHB Research, which notes Malaysia’s government is attempting to attempting to speed up its digitalization.

RHB raised its target price for Datasonic stock from RM1.67 to RM1.84.

HIV until now no cure? I rather they find the vaccine first for this one....

@charlesT, ha ha...my stakes are much higher than i ever had on any other stocks earlier...thats why keep calculating....

Good morning Wok, im totally fine with your practical assumptions

agree freetospeak derivation is much more realistic...

was only expressing numbers based on available data

thats just US$ 0.01...as an OBM...easy...

Posted by freetospeak > May 31, 2020 9:50 AM | Report Abuse

Imagine for 24 billions gloves le...each one earn 5 sen more already 1 billion more profit.

the price Maybank saying is for Jan 20 at Ex-factory at 13 cents / piece

your data is current price online i guess?


Posted by Wok > May 31, 2020 12:23 AM | Report Abuse

@probability... I hv doubt of IB's Kim Eng price of USD 0.06/pair is correct.

If we check online, one box of 100pcs of nitrile glove of TP retails at rm26~30. This is around 26~30sen per pc.

Assuming the trader/retailer takes a 40% margin/cut, which I think is already ver high for just a trader, it comes to 15.6~18/pc...not per pair. Take into consideration of transport cost of 2%~5%, ex work price is 14.8~17.2/pc and not per pair....

With this I don't think these IB guys are talking proper here...furthermore the glove industry lingo has always been per pc and not per pair....

using the reference ASP provided for Jan 20 and the ASP in March & May provided by Supermax in Analyst Briefing


Posted by Iambuyingshares > May 31, 2020 12:37 AM | Report Abuse

@probability May I know how did you come up with ASP avg of 22c/glove?

ASP Q3: 13 cent/glove
ASP Q4: 22 cent/glove

Thus revenue for Q4;

= Revenue of Q3 x (ASP Q4/ASP Q3)
= 447m x (22/13)
= 773m

the gloves ASP are rounded figures, where the ASP for Q3 is actually 12.7 cents/glove

Posted by mrstrong > May 31, 2020 12:04 AM | Report Abuse

@probability , how you count Revenue: 773m?

@wok, to help you on your derivation, please use the following:

Q3:
...

ASP avg of 13 cent/glove
Sales volume: 3.5 Billion gloves
Revenue: 447m
Costs: 352m
PBT: 95m
PAT: 72m


Q4: (assuming no change in sales volume, but purely ASP change to reflect Analyst briefing charts)
...

ASP avg of 22 cent/glove
Sales volume: 3.5 Billion gloves
Revenue: 773m
Costs: 352m
PBT: 421m
PAT: 320m

......................

I leave it to you to calculate the effects of raising throughput/sales volume to say 5 Billion gloves in Q4

Re-posting:
..........

https://research.sginvestors.io/2020/05/top-glove-maybank-kim-eng-research-2020-05-29.html

They say ex-factory price of Nitrile gloves at 0.06 USD per pair from above link. This means minimum price of ASP of Supermax in Q3:

= US$0.06/pair x (0.5 pair / unit) x 4.2 (RM-US exch)
= US$0.03/unit x 4.2 (RM-US exch)
= 0.126 RM/glove
............

If you use the above ASP which is the "minimum" possible in Q3, you get max Sales volume possible for Q3:

= 447,000,000 (RM) / 0.126 (RM/glove)
= 3.5 Billion gloves sold in Q3

which is half the capacity Supermax has

@wok again.....

My statement below is incorrect. If Maybank incorrectly used 'pair' for 'unit', then price per glove in Jan 2020 was even more higher than US$ 0.03 i had used to derive throughput (it becomes US$ 0.06 per unit)

This conclusively means, it was impossible for Supermax to have sold more than 3.5 Billion gloves in Q3

and in Q4 we will see the effects of selling 6-7 Billion gloves



Posted by probability > May 30, 2020 4:16 PM | Report Abuse X

yes, i thought of the additional Incoterms factor you mentioned...thats why its extremely conservative

unless Maybank wrongly said 'pair' of gloves for 'pieces'

Posted by Wok > May 30, 2020 4:13 PM | Report Abuse

@Proabability.....now we are quite sure that OEM Ex Factory ASP is USD 0.06/pc .... this makes it around MYR 26.5sens/pc at Ex Factory.

If DDP, CIF, and OBM factor.....MYR 40sen/pc is quite realistic

Analysts unfazed about US FDA's import alert on Top Glove’s unit

May 28, 2020

https://www.theedgemarkets.com/article/analysts-unfazed-about-us-fdas-import-alert-top-gloves-unit

With a very diversified customer base and sales location, of which 26% of its 1HFY20 sales volume were to North American countries such as the US, Canada, Mexico and others, the research house believes that Top Glove can reroute its gloves to other countries with less stringent requirements.

..................


Appears like Supermax loosing competition from rivals Top Glove and Comfort for U.S market...

This nationwide protests in U.S, will spread the virus to every single corner , household...U.S will be center of the virus again....

@freetospeak, yes...

guess its just about 2 months away for q4 earnings release...and we dont have much trading days for supermax to rise to the reality...

@20202023, i agree...no doubt on that

discussion is on the actual sales volume vs production capacity in Q3
which indicates there could big potential for higher sales volume in Q4

@wok, yup DDP will be including customs and tariffs...easily 20% higher

yes, i thought of the additional Incoterms factor you mentioned...thats why its extremely conservative

unless Maybank wrongly said 'pair' of gloves for 'pieces'

Posted by Wok > May 30, 2020 4:13 PM | Report Abuse

@Proabability.....now we are quite sure that OEM Ex Factory ASP is USD 0.06/pc .... this makes it around MYR 26.5sens/pc at Ex Factory.

If DDP, CIF, and OBM factor.....MYR 40sen/pc is quite realistic

Hope sifu OTB also rejoin here....

Posted by Bearvsbull Bendia > May 30, 2020 4:06 PM | Report Abuse

The thing is, i did buyback but keep quiet! I am too embarrass to admit i was wrong!