mikecyc ia back,
spamming the same news, over and over,
tq for sharing,
but, pls2,
dont spam le.

relax, TG fly,
all glove will follow.

TG boss already give big hint,
share buy back,
even live interview.

it is clear entry signal since last friday.

woaah,
confirmed tomolo limit up again,
this time will be before 10am

well2,
i wonder where the conmam team now?
so quiet..

out of idea?
what next,
vaccine news?
ban news?
glove oversupply?

haha

well2,
where is the conman team,
i wonder,
did they out of idea?
vaccine news?
ban news?
what else?

haha

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/

PETALING JAYA: The global demand for gloves is likely to continue outstripping supply for the next three to four years, even if a vaccine for the Covid-19 becomes available, according to Hartalega Holdings Bhd.

The world’s largest nitrile glove maker says the consumption of gloves worldwide will continue to increase because of changes in user behaviour.

Speaking at a press conference after the group’s AGM yesterday, Hartalega CEO Kuan Mun Leong said the Covid-19 pandemic has changed user behaviour, and that was driving up demand for gloves.

“Demand in developed countries has increased 30%, while in developing countries, demand has more than doubled, ” Mun Leong said.

Due to heightened hygiene and safety awareness, there is now a structural step-up in the use of gloves, he said, adding that this was why the medium-term outlook for glove demand would remain strong.

The industry, he said, was currently facing a huge shortage, with about 120 billion pieces of gloves as additional demand.

“This demand can only be fulfilled in three years, ” Mun Leong said, adding that the industry would not see an oversupply in the next three to four years despite players actively ramping up their production capacities.

Mun Leong pointed out that without the pandemic, global demand for gloves typically expanded at an average of 8%-10% per year.

Meanwhile, Hartalega executive chairman Kuan Kam Hon said the company was constantly expanding at an average rate of about 20% per annum, which was slightly more than the organic growth in the industry.

“For us, the situation for the next three years is that of supply not meeting demand, ” Kam Hon said.

“Even if we have extra gloves by the fourth year, it goes into inventory building. When you have a supply shortage, you are not able to build inventory, ” he added.

On capacity expansion, Mun Leong said Hartalega was currently accelerating growth through its next generation glove manufacturing complex (NGC) to to meet the demand.

“To date, we have commissioned 10 out of 12 production lines for plant six, while for plant seven, the first production line is on-track for completion by October 2020, ” Mun Leong said.

The group recently acquired a 24.23ha land in Sepang, Selangor, adjacent to its NGC plant seven, for RM158mil.

The group plans to build four new plants on that piece of land with an investment of RM1.5bil.

“The first line will start production in October 2021, ” Mun Leong said.

Upon completion, the four new plants would add 19 billion pieces per annum in installed capacity.

In addition, Hartalega is expected to invest RM3bil for its next expansion phase, code-named NGC 2.0 to build seven factories on a 38ha in Banting, Selangor. The first production line is expected to be commissioned in the first half of 2022.

Mun Leong said once fully completed by 2027, Hartalega’s expansion plans would see the group’s total annual installed capacity increase to 95 billion pieces per annum.

Hartalega’s net profit more than doubled to a record RM219.7mil for the first quarter ended June 30,2020, while revenue jumped 44% year-on-year to RM920.1mil.

Mun Leong said Hartalega is expected to continue posting better results in the quarters ahead, supported by rising average selling prices due to strong global demand for gloves.

Glove prices, he said, are now three times as high as they were in pre-Covid-19 days.

This quarter alone, spot prices for gloves jumped 30%, and he expected them to increase 40%-50% in next quarter.

PETALING JAYA: The global demand for gloves is likely to continue outstripping supply for the next three to four years, even if a vaccine for the Covid-19 becomes available, according to Hartalega Holdings Bhd.

The world’s largest nitrile glove maker says the consumption of gloves worldwide will continue to increase because of changes in user behaviour.

Speaking at a press conference after the group’s AGM yesterday, Hartalega CEO Kuan Mun Leong said the Covid-19 pandemic has changed user behaviour, and that was driving up demand for gloves.

“Demand in developed countries has increased 30%, while in developing countries, demand has more than doubled, ” Mun Leong said.

Due to heightened hygiene and safety awareness, there is now a structural step-up in the use of gloves, he said, adding that this was why the medium-term outlook for glove demand would remain strong.

The industry, he said, was currently facing a huge shortage, with about 120 billion pieces of gloves as additional demand.

“This demand can only be fulfilled in three years, ” Mun Leong said, adding that the industry would not see an oversupply in the next three to four years despite players actively ramping up their production capacities.

Mun Leong pointed out that without the pandemic, global demand for gloves typically expanded at an average of 8%-10% per year.

Meanwhile, Hartalega executive chairman Kuan Kam Hon said the company was constantly expanding at an average rate of about 20% per annum, which was slightly more than the organic growth in the industry.

“For us, the situation for the next three years is that of supply not meeting demand, ” Kam Hon said.

“Even if we have extra gloves by the fourth year, it goes into inventory building. When you have a supply shortage, you are not able to build inventory, ” he added.

On capacity expansion, Mun Leong said Hartalega was currently accelerating growth through its next generation glove manufacturing complex (NGC) to to meet the demand.

“To date, we have commissioned 10 out of 12 production lines for plant six, while for plant seven, the first production line is on-track for completion by October 2020, ” Mun Leong said.

The group recently acquired a 24.23ha land in Sepang, Selangor, adjacent to its NGC plant seven, for RM158mil.

The group plans to build four new plants on that piece of land with an investment of RM1.5bil.

“The first line will start production in October 2021, ” Mun Leong said.

Upon completion, the four new plants would add 19 billion pieces per annum in installed capacity.

In addition, Hartalega is expected to invest RM3bil for its next expansion phase, code-named NGC 2.0 to build seven factories on a 38ha in Banting, Selangor. The first production line is expected to be commissioned in the first half of 2022.

Mun Leong said once fully completed by 2027, Hartalega’s expansion plans would see the group’s total annual installed capacity increase to 95 billion pieces per annum.

Hartalega’s net profit more than doubled to a record RM219.7mil for the first quarter ended June 30,2020, while revenue jumped 44% year-on-year to RM920.1mil.

Mun Leong said Hartalega is expected to continue posting better results in the quarters ahead, supported by rising average selling prices due to strong global demand for gloves.

Glove prices, he said, are now three times as high as they were in pre-Covid-19 days.

This quarter alone, spot prices for gloves jumped 30%, and he expected them to increase 40%-50% in next quarter.

haha,
hlt sure is power,
carepls, just hold,
level 4 is coming

wohoo,
hlt sure is power,
upper limit also no effect,
thursday sure level 2 before lunch.

haha,
topglove so hot now

conman failed at hlt, haha

jaja,
salute hlt fan,
they hold the price cap

well rm1.6 is cheaper compare to 2.0

last call,
soon will clear level 8,
to level 9,

glove demand will be in 3 years run,
what is the price by then, after so many qr,
better park some.

level 3 will.clear soon,
better enter if want to join to level 4 this thursday

well,
GLOVE HIGH DEMAND,
ALL GLOVE, WILL LEAD HEALTH CARE BUSINESS

steady,
big market cap,
slow up, but steady, strongger than ever,
everyone can join.

better enter today,
if limit up again on thursday,
bye2 rm1.5,
rm2 coming

just see bursa index,
toglove active,
bursa also up..

easy.

lol,
conman very desperate to push down price,

want cheap ticket? should have buy last week, haha

KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.

Speaking to reporters at a press conference after the group’s annual general meeting today, Kuan said currently there is an enormous shortage of gloves due to the Covid-19 pandemic.

“Right now, there is an enormous shortage, so we (are) always short on gloves. So the system is compromising because there's not enough gloves. So we do not even know whether we have 120 billion more pieces of gloves in the next three years, do you think it's sufficient? I don't think it's sufficient.




READ MORE
“Glove dipping is a long process, the expansion transition period [for gloves] is at least three years, we are constantly expanding, and what is our glove (production) per annum? Maybe 20%, slightly more than the organic growth,” he said.

Kuan added: "To us, (this) is a big challenge because it is in relation to our capacity, in relation to what we produce, 20% is a lot more."

KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.

Speaking to reporters at a press conference after the group’s annual general meeting today, Kuan said currently there is an enormous shortage of gloves due to the Covid-19 pandemic.

“Right now, there is an enormous shortage, so we (are) always short on gloves. So the system is compromising because there's not enough gloves. So we do not even know whether we have 120 billion more pieces of gloves in the next three years, do you think it's sufficient? I don't think it's sufficient.




READ MORE
“Glove dipping is a long process, the expansion transition period [for gloves] is at least three years, we are constantly expanding, and what is our glove (production) per annum? Maybe 20%, slightly more than the organic growth,” he said.

Kuan added: "To us, (this) is a big challenge because it is in relation to our capacity, in relation to what we produce, 20% is a lot more."

haha,
mickey team bz here,
carepls is gem ?
want to drag down below 3?

new normal,
glove will always in high demand.

relax,
today down a bit,
profit taking,
with covid still raging,
rm2 no problem,
next limit up, on thursday.

nothing can kill this stock price just yet,
vaccine news progress, passed,
official vaccine will not available soon, WHO confirmed.

downgrade target price by analyst, passed.
well, recently happen, rebound back, people bought back. strongger support.

easy le,
back to fundamental,

covid raging,
all glove counters continue robust profit,
other counter will try to venture into health care.

sure sell now,
but many will wait to collect low.

all speculation,
but only health care profit more,
especially glove,

well, malaysia already main glove supplier before covid.
now glove demand more than ever.

all health care counter will benefit from this.

lol,
conman desperate to collect cheap,
bcos, when topglov qr out, carepls will stay above 3 at least

well,
mickeymickey,
try to push down carepls price,

hlt, better hold,
chance to enter today,
thursday sure limit up again,
covid still raging,

vaccine long way,
better be cautious, avoid crowd places,
keep social distancing,
malaysia seems in the brink of 2nd wave,
maybe worst than before,
virus mutated, no simptom, more contagious than before.

tomorrow, holiday,
thursday, qr out, be patience,
last time qr, 1.6B revenue.

since topglove boss give hint already,
this thursday qr result shoud be interesting.

relax,
mickey mouse is everywhere in glove counters,
they have team, to spread fear, push down price,

u can lock profit now, but,
thursday topglove qr will answer your doubt.

lol,
conman team sure ia strong,
very weird, flooding forum with bad comment i. hope to drag price down.

better take profit if unsure,
but thursday qr will answer.

lock profit, just sell,
it is good, upper limit,
people will more cautious.

lol,
mikecyc,
that desperate to get cheap ticket,
bravo, haha

normal,
mini pullback,
contra sure take profit,
already gain 20%+ profit, tomorrow holiday,

investor come in, check the buy volume.

as vaccine, i hope there will he soon,
but, u see, even malaysia now in brink of 2nd wave covid,
becareful, covid mutate, now got super spreader, be safe.

conman,
bla bla bla,
ignore,

just wait qr, kaboom
they will vanish

wow,
mikecyc is back,
to collect more cheap ticket

well u see,
topglove green, other glove counter will follow,
it is simple.
just monitor topglove.
if red, sure can consider exit.

Reasons why tomorrow TG will continue to go up :-

1. Technical charts shows an uptrend resuming back to normal.
2. Fundemental strong until next year. IB Analysts Guaranteed.
3. Wednesday is Hari Malaysia so is a holiday and Thursday already qtr report coming out. "BUY BUY BUY" sentiment is in play before Investors miss out on the "EXPLOSIVE" earnings.
4. Special Dividend Incoming ?
5. TG Share buybacks shows Tan Sri & management confidence!
6. Glove industry is the only industry with huge earnings capability until 2021 for sure. Look at Comfort, Careplus, HLT & so on ~
7. Local Institutions has started coming into the market as you can see in the Daily Trading Statistics
8. Tan Sri ANNOUNCE LIVE ON TV HE WANTS TO OVER TAKE PUBLIC BANK & MAYBANK BY END OF SEPTEMBER 2020 OR EARLY OCTOBER 2020. What else is needed to say.
9. Vaccine has nothing yet that is approved by WHO. As long as WHO dont approve any vaccine , it is not safe for usage.

Lets us get aboard the TG rocketship and go to the Moon together ~

Reasons why tomorrow TG will continue to go up :-

1. Technical charts shows an uptrend resuming back to normal.
2. Fundemental strong until next year. IB Analysts Guaranteed.
3. Wednesday is Hari Malaysia so is a holiday and Thursday already qtr report coming out. "BUY BUY BUY" sentiment is in play before Investors miss out on the "EXPLOSIVE" earnings.
4. Special Dividend Incoming ?
5. TG Share buybacks shows Tan Sri & management confidence!
6. Glove industry is the only industry with huge earnings capability until 2021 for sure. Look at Comfort, Careplus, HLT & so on ~
7. Local Institutions has started coming into the market as you can see in the Daily Trading Statistics
8. Tan Sri ANNOUNCE LIVE ON TV HE WANTS TO OVER TAKE PUBLIC BANK & MAYBANK BY END OF SEPTEMBER 2020 OR EARLY OCTOBER 2020. What else is needed to say.
9. Vaccine has nothing yet that is approved by WHO. As long as WHO dont approve any vaccine , it is not safe for usage.

Lets us get aboard the TG rocketship and go to the Moon together ~

Reasons why tomorrow TG will continue to go up :-

1. Technical charts shows an uptrend resuming back to normal.
2. Fundemental strong until next year. IB Analysts Guaranteed.
3. Wednesday is Hari Malaysia so is a holiday and Thursday already qtr report coming out. "BUY BUY BUY" sentiment is in play before Investors miss out on the "EXPLOSIVE" earnings.
4. Special Dividend Incoming ?
5. TG Share buybacks shows Tan Sri & management confidence!
6. Glove industry is the only industry with huge earnings capability until 2021 for sure. Look at Comfort, Careplus, HLT & so on ~
7. Local Institutions has started coming into the market as you can see in the Daily Trading Statistics
8. Tan Sri ANNOUNCE LIVE ON TV HE WANTS TO OVER TAKE PUBLIC BANK & MAYBANK BY END OF SEPTEMBER 2020 OR EARLY OCTOBER 2020. What else is needed to say.
9. Vaccine has nothing yet that is approved by WHO. As long as WHO dont approve any vaccine , it is not safe for usage.

Lets us get aboard the TG rocketship and go to the Moon together ~

Reasons why tomorrow TG will continue to go up :-

1. Technical charts shows an uptrend resuming back to normal.
2. Fundemental strong until next year. IB Analysts Guaranteed.
3. Wednesday is Hari Malaysia so is a holiday and Thursday already qtr report coming out. "BUY BUY BUY" sentiment is in play before Investors miss out on the "EXPLOSIVE" earnings.
4. Special Dividend Incoming ?
5. TG Share buybacks shows Tan Sri & management confidence!
6. Glove industry is the only industry with huge earnings capability until 2021 for sure. Look at Comfort, Careplus, HLT & so on ~
7. Local Institutions has started coming into the market as you can see in the Daily Trading Statistics
8. Tan Sri ANNOUNCE LIVE ON TV HE WANTS TO OVER TAKE PUBLIC BANK & MAYBANK BY END OF SEPTEMBER 2020 OR EARLY OCTOBER 2020. What else is needed to say.
9. Vaccine has nothing yet that is approved by WHO. As long as WHO dont approve any vaccine , it is not safe for usage.

Lets us get aboard the TG rocketship and go to the Moon together ~

conman oredy vanish,
maybe collected some ticket before limit up

News flash on Rubber glove sector - Covid-19 Vaccine mass product can only achieve by 2024

Recommendation: Overweight - maintained

Stock calls: Top Glove (Add, TP: RM9.20), Supermax (SUCB MK, TP:RM13.50), Hartalega (Add, TP:RM24.30) & Kossan (Add, TP:RM17.00)

*Key highlights of the news: *

1) Financial Times (FT) quoted Adar Poonawalla, CEO of world’s largest vaccine manufacturer, Serum Institute of India which highlighted that not enough Covid-19 vaccines will be available for everyone globally until end-2024 at the earliest.
2) He estimates that it will take 4-5 years for every single person globally to obtain vaccine, which should be a two-dose vaccine (similar to measles or rotavirus). This would indicate that the world would require at least 15bn doses.
3) Note that, Serum Institute is the world’s largest vaccine manufacturer by volume, with a total capacity of 1.5bn pieces. It is currently producing vaccine for polio, measles and influenza.
4) It has partnered with five international pharmaceutical firms including AstraZeneca and Novavax to develop a Covid-19 vaccine and is committed to produce 1bn doses, which half is pledged to India. It is also looking to partner with Russia to produce the Sputnik vaccine.
5) Adar also commented that total commitment for Covid-19 vaccine far exceeded global production capacity of Covid-19 vaccine.
6) This is echoing what was said by WHO’s chief scientist, Souyma Swaminathan in May-20. He said that it would take 4-5 years for Covid-19 to be in control. However, other factors to consider are containment measures and virus mutations which could make a vaccine ineffective.
7) Peter Hale, executive director of Foundation of Vaccine Research in the US, stated that assuming that there are 2 or more vaccines that have at least 75% or more protection against infection, only ¾ of the world’s population could be vaccinated by mid-2023.

Comment: We believe that this is a *clear indication
I that there remains many hurdles leading to the discovery of a Covid-19 vaccine, and post the discovery of it. This is given that it is nearly impossible to vaccinate everyone globally in a short time frame due to production capacity constraints even if a vaccine is found in the near term. As a result, we expect global glove demand to stay elevated in the longer term, which is positive for the Malaysian glove sector in terms of sales volume and ASPs.

Please let me know if there are any questions!

Warm regards,

Walter Aw, CGS-CIMB Research

News flash on Rubber glove sector - Covid-19 Vaccine mass product can only achieve by 2024

Recommendation: Overweight - maintained

Stock calls: Top Glove (Add, TP: RM9.20), Supermax (SUCB MK, TP:RM13.50), Hartalega (Add, TP:RM24.30) & Kossan (Add, TP:RM17.00)

*Key highlights of the news: *

1) Financial Times (FT) quoted Adar Poonawalla, CEO of world’s largest vaccine manufacturer, Serum Institute of India which highlighted that not enough Covid-19 vaccines will be available for everyone globally until end-2024 at the earliest.
2) He estimates that it will take 4-5 years for every single person globally to obtain vaccine, which should be a two-dose vaccine (similar to measles or rotavirus). This would indicate that the world would require at least 15bn doses.
3) Note that, Serum Institute is the world’s largest vaccine manufacturer by volume, with a total capacity of 1.5bn pieces. It is currently producing vaccine for polio, measles and influenza.
4) It has partnered with five international pharmaceutical firms including AstraZeneca and Novavax to develop a Covid-19 vaccine and is committed to produce 1bn doses, which half is pledged to India. It is also looking to partner with Russia to produce the Sputnik vaccine.
5) Adar also commented that total commitment for Covid-19 vaccine far exceeded global production capacity of Covid-19 vaccine.
6) This is echoing what was said by WHO’s chief scientist, Souyma Swaminathan in May-20. He said that it would take 4-5 years for Covid-19 to be in control. However, other factors to consider are containment measures and virus mutations which could make a vaccine ineffective.
7) Peter Hale, executive director of Foundation of Vaccine Research in the US, stated that assuming that there are 2 or more vaccines that have at least 75% or more protection against infection, only ¾ of the world’s population could be vaccinated by mid-2023.

Comment: We believe that this is a *clear indication
I that there remains many hurdles leading to the discovery of a Covid-19 vaccine, and post the discovery of it. This is given that it is nearly impossible to vaccinate everyone globally in a short time frame due to production capacity constraints even if a vaccine is found in the near term. As a result, we expect global glove demand to stay elevated in the longer term, which is positive for the Malaysian glove sector in terms of sales volume and ASPs.

Please let me know if there are any questions!

Warm regards,

Walter Aw, CGS-CIMB Research

ow wow,,
with this news,
small cap glove counter sure to limit up tomorrow,
other related health care counter possibly also up.

2 leading is better than 1

hhaha,
this price, if u dont enter today,
go chase it at rm9 later,
big market cap, hard to move up, once up,
hard to go down.

sell lo...
dont let limit up,
haha