The Truth will Prevail!?

https://youtu.be/5ukuOAv7epc

So u think u are fully understand value investment ? But i can tell u a very famous value investment guru also was trapped in Harta ! I think not only me but a lot of people with VI mindset all kena this lesson !

Actually the top 4; quite relevant in terms of capital growth; like Harta; if u invested n hold #IPO @1.80; April 2008; Now so much capital appreciation!?

US market and HKEX has much much more big companies with strong future growth. The company are mostly monopoly and global presence. Value investing is much more meaningful in US and HKeX.

U must understand; then go in; there are many empty shells; especially HKEX; even Buffett has allocated 75% into #4/5 growth companies!?

pjseow Geary , You have not included the dividends received every year . The dividend in FY 2021 alone is already 28 % of RM 569.95 k or 160 k .
If you add all the dividends recd , the total would have been a million or more instead of just rm 570k.

Value Growth Investing, is logically accepted by rational investors; when they read the Intelligent Investor;or Security Analysis; at first glanced!? No doubt about it!?
Most people want excitement; most are shortsighted; that's why many don't have such patience; to succeed in stock markets; everywhere
U don't have to Swing at every stocks just predicting Prices everyday!?
All u have to do is whether your Invested Capital Now; will grow #1,000% or more; in few years time!?

AlvinTSK TopGlove IPO price RM2.70 March 2001
2,000 units X RM2.70= RM5,400

Bonus issues:
2002 3:10 ==> 2,600 units
2003 2:5 ==> 3,640 units
2005 1:1 ==> 7,280 units
2007 2:5 ==> 10,192 units
2010 1:1 ==> 20,384 units
2016 1:1 ==> 40,768 units
2018 1:1 ==> 81,536 units
2020 2:1 ==> 244,608 units

244,608 units X RM 2.33 = RM 569.95!?
Hold 10,000 Units for 2 Decades = RM 2,849.75!?

This chart tell everything~
Still a millionaire !?!?!?

Markv572421 So funny why got ppl buying even the price dropping .......pity that guy buying topglove shares

Yup; Q @1.99!?
100 Metric Tons of gloves!? A feighter plane; to EU countries!?

ahbtzh ular bro, 0.80 is my limit, after that stop adding
08/11/2021 12:28 PM

Those who bought TopGlov in 2018; before Oct bonus issued; @10.00; Now their invested capital come to around #0.88!?
That's called Value Growth Investing!?
Apa lu tahu!?

Imagine those who invested much earlier; even @10.00!?
It's zero capital portfolio; that's #100% Margin of Safety!?
Shareholders friendly company; there are only a fistful in Bursa!?

https://sg.news.yahoo.com/covid19-singapore-3035-new-cases-12-deaths-154515773.html
Look scary right; everyday around #10 died!?
Endemic Already; Vaccines are like normal Flu Vaccines!?

http://www.xinhuanet.com/english/2021-06/24/c_1310026009.htm#:~:text=With%20the%20technological%20support%20from,19%20vaccine%20manufactured%20by%20Pakistan.

The Truth will Prevail sooner or later; we are Guineas Pigs!?

https://www.khaleejtimes.com/travel/pakistan-all-international-flights-to-operate-at-full-capacity-from-november-10

Pakistan Only used Chinese Cansino Vaccines; Declining Covid-19 cases!?

bsinvestor geary must be disappointed as it was fake news. why geary disappointed? so black heart?

geary CEO of Pfizer arrested, charged with fraud – media blackout https://www.conservativebeaver.com/2021/11/05/ceo-of-pfizer-arrested-c...
06/11/2021 3:42 PM

Who are those evils u can't even see; not vaccinated then he should get Delta Variant very soon; but selling expensive vaccines; condemning China vaccines; then u ask yourself; US vaccines can be trusted; so many, are infected n suffering; even fully vaccinated n died!?
Then u tell me who to trust!?

Smart n Cunning desired a bullet into back of the head n paid for the bullet, law from China!?

https://www.channelnewsasia.com/singapore/moh-covid-19-new-cases-deaths-weekly-infection-growth-rate-nov-5-2293461


Who are those asymptomatic spreading the Delta Variant viruses; even fully vaccinated also died; more n more; before that so many migrants workers was infected, not vaccinated, only 1/2 died!?

CEO of Pfizer arrested, charged with fraud – media blackout https://www.conservativebeaver.com/2021/11/05/ceo-of-pfizer-arrested-charged-with-fraud-media-blackout/

CEO of Pfizer arrested, charged with fraud – media blackout as #PfizerGate trends

Habis conspiracies...Prizer Gates!?

Mr.Sm Invest123 They gave u TP RM40 RM50. Haha pity those follow These lives
04/11/2021 8:28 PM

Those who want to do Swing Trade; should follow those EV trends; like Genetec; just only one month; Oct 4 was #36.00; now almost #50.00!
Or they are so superhuman, it was only #1.70 in Nov 4, '20!?
Then after they died; their tomstone; inscribed the Greatest Traders of all Time!?
Happy!?

https://www.cnn.com/2021/11/03/asia/thailand-police-skymed-gloves-intl/index.html

Arrested in Thailand; Only; if he run out of luck; then probably kena Delta Variant; n died better; probably those worms also not interested to eat his flesh!?

polycarp Smallpiggy ppl I know who bot in pbb shares
for a million sold for big losses. They freak
out when dropped to 3.00. Somebody pick shares and got big bonus. Others bot yearly
for past 10 years and sold at btm price. Even
with dividend outcome loss.
02/11/2021 10:04 PM

@3.00!? Why never add or buy!?
Probably the best bank in Bursa!?

getingreal Top Glove (and I assume other companies they are associated with) are not going to account for their massive losses in value of their buy back shares. Top Gloves case they have a massive loss of 921 Million. They are going to hide the loss, and maintain the shares on its books at cost, even though it is highly unlikely they will every be worth that much again. Be warned fellow investors, if the KLSE and Auditors allow Malaysian Public Companies to get away with hiding these huge losses, then henceforth Malaysian companies Audited accounts cannot be trusted as they are fudged. All Assets marked as Equity will have to be considered to having no market value as such need to be deducted from their NTAs.
04/11/2021 1:38 PM

So u are one of those dirty money earners!?
Well good; our free cash already standby to grab gradually; anyway TQ; for creating such extreme Pessimism!?

UPlanet Ha, if Buffet rules, I think better quit Malaysia fast, coz Buffet never invest in Malaysia!
04/11/2021 12:49 PM

Bursa; probably only within our ten fingers; graded companies; even in DJ probably around #25!?

ahbtzh Drama between journalist, shortist, investor and tg, only value investor can win at last
04/11/2021 12:07 PM

Stock markets everywhere have such Dramatic Scenarios; most news are controlled by political parties; corporate identities; n even private identity with huge net worth; to create pessimism or optimism; for their own benefits!
"There are two important to know how to be a good Value Growth Investor", Buffett;
1. Approximately know the Company Valuation.
2. Analyze those price movements, or Volatilities; to invest n have good Margin of Safety.
TQ!

https://www.theedgemarkets.com/article/top-glove-says-share-buyback-not-investment-no-impairment-needed
Those Edge writers or whatever; don't know meh; they are paid to write nonsense; so many people who don't understand those Treasury Shares; will think otherwise.
So many naive investors will panic sell!?
That's how those journalists will publish more negative news, to earn dirty money, from shortsellers.
They are afraid, when more longhaulers start to buy n buy, they will have to force buy at higher price; because in the beginning they sold first, n buy later!
When it goes into that extreme Pessimism; the waves will change or swing Uptrend!?

Covid-19 n its Variants are created by those unreasonable political motives, fake force labour issues, plus many who like to purchase discarded n used gloves, low quality gloves, that's why those Variants have happy time killing more than #5M humans, n infected almost 300M!
More to say, they think there are superhumans, no need to wear masks, face visors, n gloves!?
Pandemic are created by ignorant humans; now everybody are afraid human beings, because we feel everyone are infected or carrying the viruses!?
It's better humans all die, then earthworms, bees n all insects will flourish!?
Imagine if all earthworms are dead because of insecticide; humanity will perish, within #18 months!?

"Bull is Born in Pessimism"!
Q...@2.28.!

jolynce Actually, what happened to TG today? Why so red while the others are green? Don't tell me it's about the paper loss reported in the Edge yesterday? What's the big deal anyway.. that's small money to them, and the dividends they collect will gradually narrow the loss, or if they buy more shares at this price, it will bring down the cost too. Right?
03/11/2021 12:37 PM

Don't waste your precious time answering those pariahs forumers, praising their own target prices, gloves become toilet paper, bankruptcy coming soon, etc!!!
Standby your free cash n WAIT; attack gradually, from now onwards◉‿◉!?

Mr. Market,
"TopGlov Bull, will again reborn on pessimism, grow on skepticism, mature on optimism and die on euphoria"!

Stock: [VS-WB]: V.S. INDUSTRY BERHAD
Jun 28, 2021 5:35 PM | Report Abuse

Bought...@0.28...5,000 lots◉‿◉!
Hahaha...hahaha...hahaha...｡◕‿◕｡

FRONTKN-WB...Good Potential...Bought...! ◉‿◉

VS-WB...FRONTKN-WB...Sold #50%...◉‿◉
24/09/2021 10:30 PM

VS n VS-WB Got Potential...Holding Free Shares...No Stress◉‿◉! Hopefully >1.00... then will Sell.

luckyfei if gloves manufacturing are not worth the investment then why Hong seng pours in 3 billions n venture into this biz ??!! perhaps there are things which commoners do not know n keep criticising gloves are a dying biz or investment ! with billions why don't they venture into others more profitable biz rather than a biz where asp is dropping fast n soon market will be flooded with gloves !?? something which we need to ponders on gloves stocks ...

U take advantage of those 'wayang'; slowly u steady u will know how Mr. Market behaves!
Take advantage from him; don't kena con from him; it's always his way n his habits of irrational emotions n trends!
Be Rational yourself; then u look into those Waves; when to buy or sell or hold!
Do your own homework for those FA!
No free lunch!

https://www.corporatewellnessmagazine.com/article/vietnamese-ppe-scams-used-gloves-and-condoms

"Pandemic brings out the best of people, plus the worst of people!"
Not only gloves; Condoms ada jugs; lagi disgusting: almost same like some forumers here!?

Thailand; CNN; '21 Oct, 26.
Prime Minister Prayut Chan-o-cha has ordered a probe into tens of millions of counterfeit medical gloves reportedly imported into the US from Thailand, following a report by CNN.

Some 80 million counterfeit rubber gloves were believed imported into the US and the Commerce Ministry has asked for further information about the case from the Food and Drug Administration (FDA).

Normally, when it comes to a fraud case involving medical gloves, it typically involves one of three forms -- used gloves that have been washed and repackaged, sub-standard medical gloves imported from China and repackaged, and sub-standard medical gloves produced locally in Thailand, police said.

The CNN report concerns two cases of counterfeit medical gloves in Thailand, and the first case dealt with the unauthorised production and repackaging of medical gloves and unlawful usage of two trademarks, SkyMed and Sri Trang.

The second case dealt with the production of counterfeit medical gloves by Athip Chumphon, who had earlier last year made headlines when he was reportedly involved in the hoarding of millions of surgical masks during the Covid-19 outbreak, police said.

In a raid carried out last December at a warehouse owned by Paddy The Room Trading Co, the authorities found a large volume of used gloves and a number of workers packing those gloves in new packages containing the SkyMed label.

Paddy The Room Trading; probably there are some in Malaysia; maybe there are here; glove forumers!?

That's the same everywhere; dirty, soiled PPEs, especially gloves; because there are Big Money to Earn; humans will take all types of Risks n Cheating to fight for Money!?
It's the same here, in Bursa, in the Stock.Markets;
Mr. Market can be very illogical, irrational n very, very Emotional; don't get affected; in the long run; FA will prevail; TA are emotional waves!?

A new investigation by CNN has revealed that tens of millions of dirty, soiled medical gloves are being made to look clean again at several factories in Thailand. The second-hand gloves, some even blood-stained, have reached the United States. “There's an enormous amount of bad product coming in,” industry expert Douglas Stein told CNN. “An endless stream of filthy, second-hand and substandard gloves coming into the US of which federal authorities, it seems, are only now beginning to understand the enormous scale.”

Buffett, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine”

EQ usually makes a huge difference; that's how Mr. Market behaves always, end of the day, u got to check the weight!

kimpau son (VS-WB) conversion price RM1.38

mother price now is RM1.56

VS-WB RM1.56 - RM1.38 = RM0.18 only

without premium, son should be RM0.18 only

with some premium, son should be around RM0.2x only

e.g.

RM0.18 + 30% = should be fair @ RM0.234 only

RM0.18 + 50% = should be fair @ RM0.27 only

RM0.18 + 100% premium = should be fair @ RM0.36 only
24/10/2021 12:23 PM

Where have such straight forward formula...then how about...Genetec...???

Stock: [VS-WB]: V.S. INDUSTRY BERHAD
Jun 28, 2021 5:35 PM | Report Abuse

Bought...@0.28...5,000 lots◉‿◉!
Hahaha...hahaha...hahaha...｡◕‿◕｡
05/08/2021 9:11 PM

FRONTKN-WB...Good Potential...Bought...! ◉‿◉

VS-WB...FRONTKN-WB...Sold #50%...◉‿◉
24/09/2021 10:30 PM

Got Potential...Holding Free Shares...minimum...#200 Days...◉‿◉

https://sg.news.yahoo.com/china-t-look-singapore-way-143440602.html

Zero Tolerance!!!

https://www.channelnewsasia.com/singapore/covid-19-new-cases-deaths-oct-21-moh-update-2258806

Gtrade Today is Oct 22th,any one got Oct 21th Singapore covid19 cases?
22/10/2021 11:50 AM

https://www.cnbc.com/2021/10/19/the-uks-covid-infection-rate-is-rising-heres-why.html
Endemic Reality we are vaccinated; but still get infected; booster shots are yearly happenings!!!
New Norms PPEs demand on upward trends; new norms; ASP of average US 40/1000 PCs!!!
Dumping of gloves counters are overdone; of course everybody knows supernormal profits aren't sustainable; new-norms ASP will be sustainable; these are facts; but many IBs cannot estimate those facts; when all dumped, because their report cards are RED!!!
That's why most funds n even EPF cannot have supernormal profits!!!
They knew those valuations; but Dump instead; for those value investors to Grab!!!
That's Mr. Market behavior!!!

UlarSawa Why so few JPM n Tiger Macai appear leh. TG price green and they are hiding again kah. When price red ha. Berpuluh puluh Macai dunno from mana one also appear at here leh. Correct?
11/10/2021 9:15 PM

All are the crowds of dumping or pumping; creating fake n genuine news, etc; no real FA at all; when the crowds start dumping; funds managers, margin account traders, panic retailers, all are dumping, because of red reports cards, margin calls, n panicking selling plus shortsellers coming in;
So the pumping or reversal, u think or guess for yourself!?

No problem can try, investment graded another thing, to consider; for Swing Traders it's okay!
I'm holding VS-WB n FRONTKN-WB; at least #1.00 n above both! Patience Only!
11/10/2021 7:52 PM

Dare or Daren't it's up to u to decide; anyway I already took back my capital; still have potential, that's why I hold another half of it!?

Beautyseeker Gloves will be forgotten

Posted by mintingmoney > Oct 11, 2021 7:23 PM | Report Abuse

Reality is, recovery is on beast mode now, more vaccines, more drugs, topglove price will be weaken daily. Good luck until the next pandemic once in a lifetime - no vaccine , no drug, lockdown
11/10/2021 8:01 PM

Investing, Swing or Day trading aren't so simple as u think!
There are many variables to decide why u invest, why u trade!?
So simple all become multimillionaire very fast!?

Dear UlarSawa,
Please buy Hiaptek and hold until at least 1.00.
This target price will be achieved before September 2022.
I assure you that you can win big on this stock.
I continue to buy on every weakness.
Thank you.

No problem can try, investment graded another thing, to consider; for Swing Traders it's okay!
I'm holding VS-WB n FRONTKN-WB; at least #1.00 n above both! Patience Only!

According to Maybank, in 2023 TanSri will returned back to 31 yrs ago....left one factory and
38 office boys (with PhD ) DonT know how to pay them
Maybank, nonsense n corrupted bank, formerly also run by Public Bank Boss!?
The best bank in Bursa is still Public Bank; their analyts at least Boleh Pakai Lah!?

UlarSawa Actually Ular want to get out from TG forum tahts why move to HiapTek forum to avoid the retarded Con Tikus keep looking for Ular mah. Mana tau He keep trolling Ular sampai Hiaptek and make the forum with revycle retarded questions and want Ular reply leh. Then Ular run to Hibiscus and Sapnrg and he retarded one also trolling Ular to Hibiscus and Sapnrg leh. Then Ular U turn come back TG forum lah. Not my fault mah. Ular keep cakap not going to reply the retarded question leh. Correct?

Haha...Why Mouse want to take revenge; u ate too many of his or her anak-anak or mscai-macai woh!!!???
He worked #24 hours for unproductive gains, Not like China citizens work #24 hours for productivities n improving the living standard of their citizens!
AngMoh sleep #8/9 hours, talk nonsense #/9 hours hours n productivity only #6/7 hours!
It takes #100 years for those AngMoh, but China only #30 years to overtake them!!!???

China industrial revolution #5.0/maybe going #6.0. are all into semiconductor, automation, Artificial Intelligence, Space exploration, all are highest technology advancement; to be the best in the world; Not glove production lah; they still need to import natural rubber gloves from Malaysia n Thailand!
It all started earlier, and speed up during Trump admistratiion; maybe most IBs, never go to those logistics centre to see for themselves, they are just computer analysts!

Malaysia Technology counters better buckup n be counted; if not in few years times China will be self reliance; in most sectors of technologies!
China imported so many gold bars, higher Technologies equiments, products n those related to 5G/6G, Artificial Intelligence n Smart Cities development, so many, so many direct to Shanghai n some to Beijing!?
US n EU are still sleeping, Malaysia no need to talk Loh...!!!???

Investoz88 While there are so many ppl claiming ASP dropped to pre pandemic and over supplies persist due to China production spikes.. these are all forecasts and projection by analysts..
But in reality it will not come true. China production are still a pipe dream due to power outrage and low or no profits if they carry out their plans.

Pandemic become endemic, demand will continue to be higher as the new norm needs more PPE and gloves.

<\Many local institutions are selling. BUT foreign funds are stocking and buying up. Singapore and US based funds are increasing their stake at these low prices. Check it out all the fund websites

China industrial revolution #5.0/maybe going #6.0. are all into semiconductor, automation, Artificial Intelligence, Space exploration, all are highest technology advancement; to be the best in the world; Not glove production lah; they still need to import natural rubber gloves from Malaysia n Thailand!
It all stated earlier, and speed up during Trump admistratiion; maybe most IBs, never go to those logistics centre to see for themselves, they are just computer analysts!
How many semiconductor, automated equiments, plus many high Technology equiments n products are imported in Pudong Airport I'm Shanghai, do u know???

TopGlov Bhd;
Tan Sri Lim is confident that Top Glove is ready and in a better position to handle the down-cycle situation faced by the glove industry compared to new players.

“These are normal practices. For the past 30 years, we have gone through all the ups and downs, this is a business cycle. We have the experience to handle all these."

“Maybe for some new players, it may be more challenging,” he said, adding that the group also remains open to mergers and acquisitions when the opportunity arises.

Top Glove managing director Datuk Lee Kim Meow said the ASP for gloves is likely to ease by between 8% and 10% every month, going forward. However, he thinks the downtrend will be cushioned by the group’s resumption of sales to the US market by the end of September.

The group’s executive director Lim Cheong Guan meanwhile shared that the glove ASP for September and October is around US$40 per 1,000 pieces.

Cheong Guan noted that the ASP of nitrile gloves was down 37% for the fourth quarter ended Aug 31, 2021 (4QFY21), compared with the immediate preceding quarter, while the ASP for natural rubber gloves fell 27%.

However, for the full-year (FY21), nitrile gloves’ ASP jumped #194%, while that of natural rubber gloves surged #122%.

“Nitrile latex price declined further, as butadiene price declined steeply due to additional supply capacity and lower demand from downstream production. While natural rubber latex concentrate price has normalised after the winter season ended,” Cheong Guan explained.

Going forward, he said the cost of nitrile glove raw materials butadiene and acrylonitrile are expected to normalise and this is a positive development for the group. Raw material cost is the largest cost component for the group, comprising 53% of the group’s total costs in FY21.

In terms of capital expenditure, Top Glove has budgeted RM1 billion for FY22, mainly to expand its capacity and upgrade its plant, to build hostels for its employees, to construct its own nitrile rubber latex processing plant and surgical gloves sterilisation plant.

For 2022, Top Glove expects its production capacity to grow 11% or add 11 billion pieces to 111 billion pieces of gloves per annum, from 100 billion pieces currently. By 2025, it expects to have a total annual capacity of 201 billion pieces of gloves.

Meanwhile, Top Glove said it is allowed to operate at 100% workforce, as 90% of its workers have been fully vaccinated.

Those IBs, makan gaji saja: they aren't millionaire, like many TopGlov old-timers: plus most glove bosses are multimillionaire, u listen to some pariah fund managers, who don't have business acumens: or u listen to bosses who have vast business experiences!
Bad news or sentiments won't stay for long, those who have patience will be fully rewarded.
Of course TA at present is negative or stabilizing; Strong FA do apply on such scenario.

Glove bosses believe the floor price of gloves will not return to pre-pandemic levels, owing to changes in the cost structure.

“We believe our ASP or rather our margin will be normalised by the first quarter of the next calendar year. The ASP will then be higher, meaning it will not be lower than pre-pandemic times, because the cost structure has actually changed for us. We are experiencing additional costs from social compliance and also the material cost seen today is actually higher.

“For example, nitrile gloves' raw material [cost] is still higher than pre-pandemic levels. So, the price should not be anything below US$35/40;[per thousand gloves]. Glove bosses believe the floor price of gloves will not return to pre-pandemic levels, owing to changes in the cost structure, to really have good margins and profitable.

“We believe our ASP or rather our margin will be normalised by the first quarter of the next calendar year. The ASP will then be higher, meaning it will not be lower than pre-pandemic times, because the cost structure has actually changed for us. We are experiencing additional costs from social compliance and also the material cost seen today is actually higher.

“For example, nitrile gloves' raw material [cost] is still higher than pre-pandemic levels. So, the price should not be anything below US$35/40;[per thousand gloves]. Otherwise, this doesn't make sense in terms of margins,” he added.

Established glove manufacturers will determine the supply chains complexity, to determine the reasonable price per thousand gloves: of course new comers will have lower margins.
Plus many new comers don't have proper certifications to export to specific countries, plus no proper sales offices, like many from China, n some in Malaysia and Vietnam.
News from established bosses!

A blogger in this forum has raised the alarm that there could be an over-supply of gloves and equated it to a tomato glut. I think many holders of glove stocks will have been jolted by it. But the basis on which the blogger came to that conclusion is clearly wrong as you will see below.

Yes the prices of gloves are declining, but is there a glut? Should glove investors be fearful?

To answer these questions, let’s start by going through the principles of supply and demand and examine the market dynamics of the glove sector.

The price of any product, when there is excess supply, will drop and it will drop until the excess stocks are cleared and the price will stabilise. It is a natural law of economics. And once excess stocks are cleared, manufacturers will only produce to order, even if they have excess capacity, because no company will produce to sell at a loss. So price dropping in an over-supply situation is temporary and prices will revert to a level that is profitable to the manufacturer.
New entrants to the market will have a higher production cost than the established leaders. Therefore, when market price stabilises, it will stabilise at a level that gives the established companies a higher margin than the new ones. And the products of market leaders, like Top Glove, Harta, Supermax and Kossan will also be able command premium prices because of their branding and a long track record of assured quality.
The blogger claimed that Vastar Gloves from China are selling at 50% discount on Singapore Lazada at S$17.22 per 100 pcs or S$170.22 per 1000 or US$130.10 per thousand. This would probably translate to an export price of US$65 per thousand. This price is not so bad. Our Malaysian glove manufacturers will be quite happy with it. A price of US$65 per 1000 does not justify the depressed prices of glove shares today as you will see from my calculations below. This blogger obviously does not understand glove pricing well.
The claimed over-supply of gloves by the blogger is not based on credible industry sources but on erroneously jumping the gun when he saw the 50% discount advertised in Lazada Singapore.

In all likelihood, these gloves may not have proper certifications, or they may be from new players who don’t have the market network to sell into the high glove consuming markets. Hence they are selling on online stores whose shoppers are less discerning.
GLOVES ARE NOT LIKE TOMATOES. Medical and food grade gloves have stringent specs and are regulated by FDA in the US and equivalent authorities in Europe, China, Japan and other developed countries.
In an article published in the Edge in March this year, the Malaysian Rubber Glove Manufacturers Association (MARGMA), expects global supply of rubber gloves to reach 420 billion pieces this year, some 80 billion pieces short of the projected demand of 500 billion pieces. And glove demand is expected to be robust until the second quarter of 2022 (2Q22) as new norms due to Covid-19 are expected to stay and sustain current elevated demand, said MARGMA president Dr Supramaniam Shanmugam.

Another factor that could limit the expansion of glove supply is the tight supply of Nitrile Butadiene Rubber (NBR). NBR is not just required for the glove industry but also for the automotive, oil & gas and other industries. NBR production is only expected to increase by 5% per year.
The shortage of NBR together with the current shortage of natural rubber and the tight labour market in Malaysia mean that THE CLAIMED OVER SUPPLY OF GLOVES BY THE BLOGGER IS AN IMAGINARY ONE.
YES SUPPLY HAS INCREASED BUT DEMAND REMAIN HIGH. THE ASP WILL DROP GRADUALLY BECAUSE THERE IS NO LONGER A RUSH FOR GLOVES AS THERE IS MORE COMPETITION. BUT GLOVE MANUFACTURERS WILL STILL BE VERY PROFITABLE AT THE REDUCED PRICES.
Post pandemic, according to MARGMA, demand for gloves will still grow more than pre-Covid-19 rates, with an estimated annual growth of between 12% and 15%, compared with an annual growth of 8% to 10% before Covid-19.

SHOULD YOU SELL YOUR GLOVE STOCKS NOW??

The answer to this question depends on what you think the ASP of gloves will be post pandemic.

Based on the Frost & Sullivan report, the ASP of gloves could be around USD44 per thousand in 2022.

If we assume USD40 is the maintainable ASP post pandemic; (as indeed the shares of the entire glove sector) is grossly undervalued!
Disclaimer: Buy or Sell do your own Analysis!

https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/coronavirus-disease-2019-vs-the-flu

https://youtu.be/GU8ft9qH74I
Sharing is Caring!

https://youtu.be/CsczX7_MVCA
The Truth! But many just cannot face the Truth!