100acres = another 40b of gloves... good prospect... the land acquisition proposal said to be completed by 2H 2022.... not bad... 2023 onwards expansion... for the next 5 years

cost increase - ASP will be higher due to cost pressure

https://www.reuters.com/article/health-coronavirus-gloves/malaysias-medical-glove-makers-warn-of-chronic-shortage-cost-increases-idUSK7N2AN000?fbclid=IwAR2GwSy1xB_dMrJ_KUt_epjFdh3amJsCeSDzJQzsA1bW6rRohvAKUT5If-M

re: JN88, problem is the other sectors are not allowed to work... namely the packaging materials according to Topglov...

https://www.klsescreener.com/v2/news/view/656207/virus-fight-at-risk-as-world-s-medical-glove-capital-struggles-with-lockdown

only left 2 weeks of packaging supplies left...

re:Bullballs, today just shoot above 1.50... but still got shot down.... need to really wait for next week

actually JN, I think its true... Kossan new plant is a lot more capacities... maybe 32b by this year...
while Harta is almost 40b gloves soon....

supermax after adding this year, maybe 25 to 27b....

it is really true

JWLL1668 And supermax is not in the good position compare to Kossan and Harta has the right timing where their new plant begin production during this outbreaks.

tomorrow 3 Countries will auction US dollar bond.... expect US dollar liquidity will even more affected...
https://www.nasdaq.com/articles/nordic-central-banks-to-auction-u.s.-dollars-on-march-26-2020-03-24
MYR will be under pressure again... my 2 cents

JWLL, money bought for land is from cashflow, either bank borrowing (financing cashflow) or operating cashflow or money in bank, nothing to do with bonus issue... bonus issue is based on accumulated profit into retained earnings... still way to go for bonus... retained earnings need 1.36b at least before next bonus... now I think it is at 0.8 or 0.9b only.... so need to earn more....

a lot of counters taking profit.... due to MCO extended to 14 April... tomorrow once news on newspaper all over Malaysia... will be even more drastic... best chances for operator to keep pressing down... until few days later more pple digest the news...

on i3 klse... click warrant tab....

but June is MACQ again... tricky....

Adcool, May operator = Maybank, Ambank and RHB bank... maybe not so powerful as kenanga and Macq... hoot hard hard....

re: wbwanabe... your advise is ok... at this time of period, even if it does not rise... it is a capital preservation technique... they can always sell at 1.50.... and buy other stock... then sell the other stock when they rise and come back here... few more days to play.... after that no more incentive for operator to press below 1.50 anymore...

wbwanabe... at the end of the day, local/foreign fund needs to see growth in earnings... mgmt first thing need to show the results... a ATH net profit earnings will at least be the first step to start the talking to institutional fund outside... when profit rise, also can do more share buyback... with the land purchased, the company will need to use lots of money to develop its capacity...

Uncle Lim's own investment... nothing to do with TG... but maybe when he build enuff townships with LBS, who knows, each township has a hospital that TG has a business in....

Thailand next country declaring state of emergency

double gloves protection
https://www.facebook.com/PohChoo985/videos/1355137428004707/

Unlimited QE.... no idss short selling.. wat more can ask for... hoot...

unlimited QE...
https://www.theguardian.com/business/live/2020/mar/23/markets-slump-us-senate-covid-19-ftse-dax-shares-recession-stimulus-business-live

now pending Senate approval...

few more days only to press... 31 March expiry of MACQ call warrant...

USD to MYR 4.44 now... previous highest was 4.4995...

I saw on facebook some smes are sating waiting for Miti approval, of which they are doing the approval process over the weekend. Hopefully those important and related industries can get the go ahead...

https://www.thestar.com.my/business/business-news/2020/03/21/rubber-gloves-from-oversupply-to-shortage-due-to-pandemic-and-mco

1) Long lead time
“To put into context, we understand that average lead time for glove makers to fulfil orders has risen up to a minimum of four months vs. usually one to two months on average.
Note that the lead time for rubber gloves during the SARS outbreak was two months and H1N1 (bird flu) outbreak was three months, ” CGS-CIMB says.
It also notes that Top Glove has also secured large orders for delivery in the coming months, with some clients already placing orders six months ahead of time, as opposed to the usual three months.
2) Raw material prices down
“On top of that, key raw material prices have continued to decline with global uncertainties, such as nitrile butadiene and latex, ” it adds.
3) USD vs MYR increase

UK lockdown...

latest i checked, the aurelia gloves on amazon and ebay uk... price has gone up for nitrile... about 10pounds to above 10pounds per box, some are charging 20 pounds... for latex 100 pcs prices have gone up to about 10 pounds too...

In US ebay... powder free latex gloves, some are selling USD32... which is ridiculous...

almost similar to lehman brother situation.... https://www.chicagobusiness.com/finance-banking/ronin-capital-assets-auctioned
next week should be very volatile as well...
but only after monday...

another few more containers just arrived in US warehouse...
https://panjiva.com/Supermax-Healthcare/4546427

Thx Max...

means whatever the action, will help with the volume...

maybe smax need some news from the mgt...? like give treasury share, or use treasury share as private placement to get money for expansion or any news related to capacity utilisation/order received etc....

re:max... answer is quite obvious - smax... but really need to see it to believe it... pray hard...

topglov think its also cup with handle... but think the handle already finish...

harta looks like doing a cup with handle....

re:maxprofit, what u think today how much smax will close?

doesn't make sense... topglove also produce a lot of rubber gloves, but still can up so much...

Foker Rubber gloves vs nitrile gloves. I think this counter produce more latex/rubber gloves, that's why it commands lower price

what is the idss value now?

"Its president Denis Low said the glove industry is currently running at 50 percent capacity as requested by the Government.

“The Government has requested that we use 50 percent of our workforce (during the MCO); as such, 50 percent production capacity will be lost."

maybe this is the reason for the not dare to surge upwards... coz possible lost of capacity...
https://www.theedgemarkets.com/article/margma-urges-govt-allow-rubber-glove-industry-run-full-capacity

ok thx...

Maxprofit... what is ur plan for supermax... remain trading btw 1.3 to 1.93 or hold eveb after rm2?

Smax should have better results... since march is calculated inside

Not bad... but full benefit not fully felt yet.. need next quarter when more capacities come on stream...

topglov harta green again... market is very volatile...

previous high

means 1 usd = RM4.4985

previous high was 4.4985... little bit to go... then glove counters will run crazy...

a lot of funds inside.... defensive among the index stock... that's why PE 52... other index stocks get slaughtered...

next week US will be high volatility again... not saying it will crash to 15000 DJI... but daily can swing few thousands maybe....
https://www.businessinsider.com/nyse-will-close-trading-floor-in-response-to-coronavirus-2020-3?IR=T
coz the closing of NYSE trading floor will have less market makers... less liquidity...
so all glove counters better rise a lot these 2/3 days before any small pullback by the volatility...

supermax didn't announce good result for previous QR at least not YOY increase... so no choice, need depend on other glove counters good results or news to be pushed up.... my 2 cents

For supermax.... next QR will be very good... when 1 usd close above 4.30....