nazrzach
I was told the price has been goreng up.

I was told, this is the goreng share, is it true? Why price keep coming down?

Examination glove is a commodity product. No Speacialty. Production profitability rely on mass volume.
Who can produce with cheaper cost and equal quality will win the battle.

Developer also trying to make glove, which is unwise direction.
Currently supply over demand.
Answer for ASP drop is there. Not speculation.
Thank you.

Not speculation. Just happen to know the industry. Thank you.

Looks like gomen bailed out is a drama.

My suggestion, wait and see as forecasting the glove share price will drop further. Thank you.

Not sure on their management capability, but did observe in one of the Margma Rubber Glove Conference on how the Sr Kuan lecturing his entire sales team, which is a really serious session.

Among the Big 4, Hartalega machine technology is leading others. Perhaps, hopefully their technology can outperform others that make them different.

Glove is recession proof. Glove still needed in hospital. Just that those solely making examination glove do not have competitive advantages. Small player will be consolidated.
Eventually those survive through will continue to sail. Now just have to wait for their price come down to the bottom then enter.

Majority of glove makers located in Asia. Same region, similar operational advantages, similar competition advantages and most probably deliver to the similar group of customer in oversea country.
If product is examination glove, no additional competitive advantages, except pricing due to lower glove weight, a commodity product, probably in red ocean now onwards till the merging and acquisition taking place and settle down.

price keep coming down...

Meanwhile, Malaysia glove company also facing competition from Thailand and Vietnam glove makers. Now EPF started to dispose their share in glove stock, just thinking that their share price will probably drop further and need more time to observe before enter. Just sharing my thought.

in the 80's, when AIDS become a issue, a lot of glove factories being setup, then it started to consolidate, small factory being acquired by big company.
I think same thing heppen here.
China's key players already setup their facility with modenised technology, while a lot of local players factory due to already long established, perhaps the efficiency will not be as good as these China's newly setup factory. Glove, especially examination glove is volume orientated. They need mass volume to substantiate their cost. With spike in gas price, labour cost (minimum wages), tranportation cost, etc... will their ASP able to cater for their operating expenses and giving better profit margin.
Situation in 10 yrs ago is different than now. Just trying to understand.

I am a new learner in stock market. What I notice is, Harta is on Nitrile glove market which most market player is producing including developer who has no experience on glove also produce this product. Meanwhile, China major producer like Intco also their key competitor. Will this business sustain due to supply too high and demand will probably starting to drop due to the available of vaccine and most country started to move to endemic phase? Will this impacting their share price? EPF also starting to dispose glove stock. Thank you.