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2020-09-16 17:46 | Report Abuse
https://klse.i3investor.com/blogs/sinchew_company_story/2020-09-15-story-h1513520091.jsp
Got oversupply? Demand affected by vaccine news ? Truth will surface and nobody can beat the trend..
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2020-09-16 17:00 | Report Abuse
Top Glove Corporation Berhad
SGX: BVA
2.98 SGD +0.20 (7.19%)
16/09/2020 4:50 PM
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2020-09-16 16:53 | Report Abuse
Top Glove Corporation Berhad
SGX: BVA
2.98 SGD +0.20 (7.19%)
16/09/2020 4:50 PM
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2020-09-16 16:52 | Report Abuse
Top Glove Corporation Berhad
SGX: BVA
2.98 SGD +0.20 (7.19%)
16/09/2020 4:50 PM
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2020-09-16 16:52 | Report Abuse
Top Glove Corporation Berhad
SGX: BVA
2.98 SGD +0.20 (7.19%)
16/09/2020 4:50 PM
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2020-09-16 16:51 | Report Abuse
Tomorrow glove rally will lead by Tai Kor TG , break RM 9 will be excellent since it need play catch up with Singapore price
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2020-09-16 12:24 | Report Abuse
Better go to Glove counter Careplus or others which foresee a good profit return due to great demand in pandemic crisis rather than keep con by this puan
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2020-09-16 10:00 | Report Abuse
Believe that Careplus price will overtake Comfort one day...
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2020-09-16 09:59 | Report Abuse
Carplus expansion plan is double as compare to Comfort , if u believe profit generated in next 2 years , personally I think that glove industry offer the biggest opportunity in this 100 years pandemic crisis...
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2020-09-15 21:42 | Report Abuse
ps://www.enanyang.my/财经新闻/贺特佳新常态的必需品-手套需求3年内不降
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2020-09-15 19:41 | Report Abuse
Have confidence that Careplus will climb to level 4 follow the full power from HLT Global
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2020-09-15 19:39 | Report Abuse
In the century covid time I think that either you are in glove production or Musang king durian owner in Malaysia then you can make tons of money in this difficult time. Can't think of any other industry that can offer good profit returns in this difficult time
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2020-09-13 12:20 | Report Abuse
Will glove sector recover and rally lead by Top Glove next week ?
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2020-09-03 09:14 | Report Abuse
https://www.theedgemarkets.com/article/hospital-bed-maker-lkl-jumps-after-it-secures-nitrile-glove-supply-contract
China also shortage of glove la,,,glove still in great demand
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2020-09-03 08:40 | Report Abuse
There is a concern that there is oversupply of gloves from China factory but it is not reflect the actual situation and indeed there are shortage there
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2020-09-01 21:47 | Report Abuse
Best thing to do is to invest on good fundamentals. Gloves are fully booked and undergoing line expansion. It is not so easy to expand as the production lines require high investment and testing before it can be used. Not to mention compounding of raw materials before the actual production can start. One glove production line can be up to 1.2km long depending on the type and speed. this is a stark contrast to mask production which machines are lower cost and the skill to manufacture is not as complicated. Believe in the companies and the demands which all are fully booked till next year. Lets not create disharmony. Threads are for constructive ideas and we all live in the same country.cheers guys
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2020-09-01 11:01 | Report Abuse
As I said in my previous posting last week , Careplus will follow the up trend of Comrfort price
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2020-09-01 08:53 | Report Abuse
Careplus latest quarter ended June 2020 EPS is 6.7 sen vs Harta 6.49 sen and Comfort 2.8 sen. Its share price is RM 3.47 vs Harta RM 16.52 & Comfort RM 4.31. Very obvious Careplus is very much under valued. Careplus has pricing advantage, is small OBM like Supermax...
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2020-09-01 08:41 | Report Abuse
Haha..higher low higher high now..level 4 today
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2020-08-31 22:39 | Report Abuse
OPR TO CUT BY 25 BASIS POINT FROM CURRENT 1.75% TO 1.50%?
Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead.
Bank Negara to announce opr cut again... that means more retailer money going into Bursa.
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2020-08-31 22:34 | Report Abuse
OPR TO CUT BY 25 BASIS POINT FROM CURRENT 1.75% TO 1.50%?
Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead.
Bank Negara to announce opr cut again... that means more retailer money going into Bursa.
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2020-08-31 22:34 | Report Abuse
OPR TO CUT BY 25 BASIS POINT FROM CURRENT 1.75% TO 1.50%?
Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead.
Bank Negara to announce opr cut again... that means more retailer money going into Bursa.
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2020-08-31 22:31 | Report Abuse
OPR TO CUT BY 25 BASIS POINT FROM CURRENT 1.75% TO 1.50%?
Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead.
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Bank Negara to announce opr cut again... that means more retailer money going into Bursa.
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2020-08-31 20:41 | Report Abuse
The barrier of entry into Glove Industry is much higher than making masks :
1. Higher costs to manufacture glove
2. High quality requirements by hospitals.
3. Tough certification process
4. Longer time required to set up glove lines
5. Branding is important.
6. Raw materials supply are very limited and not easily available for new entries
Everybody can make face mask as it is a low tech product .
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2020-08-31 18:37 | Report Abuse
BUSINESS DEALS
Malaysia's Petronas and LG Chem to build glove material plant
State energy firm moves into nitrile as COVID-19 spurs demand for protective gear
Malaysia's state energy company Petronas is hoping to tap growing demand for nitrile gloves used in the health care industry. © Reuters
P PREM KUMAR, Nikkei staff writer
August 24, 2020 18:07 JST
KUALA LUMPUR -- State energy company Petroliam Nasional, better known as Petronas, and South Korean chemical giant LG Chem have inked an agreement to build a manufacturing plant in Malaysia to produce nitrile butadiene latex -- a core raw material for making synthetic rubber gloves.
The manufacturing plant is slated to begin production in 2023 to tap the growing market for rubber gloves, in which Malaysia is already a global leader. Major manufacturers in the country include Top Glove, Hartalega and Supermax.
Construction of the plant will begin in 2021 at Petronas' petrochemical complex in the southern state of Johor, and it will have an initial production capacity of 200,000 tons of nitrile butadiene latex a year, the company's chemicals arm, Petronas Chemicals, said in a statement on Monday. No investment values were disclosed.
Nitrile butadiene latex is a synthetic rubber that uses butadiene as the main feedstock and is a core raw material for making nitrile gloves, which are widely used in health care and the food industry. Nitrile gloves are gaining traction against their natural rubber counterparts thanks their improved durability and chemical-resistance features.
Recently, the use of nitrile gloves has surged amid efforts to prevent the spread of Covid-19 and other infections. Demand is growing at more than 10% a year on average and nitrile gloves are expected to account for 70% of the entire latex glove market in 2024.
Petronas Chemicals says the partnership with LG Chem is timely given the steady growth in demand for nitrile gloves globally, and will help create new revenue streams and open up new markets by the two companies' resources. The plant is will offer various grades and new applications of butadiene latex, as well as develop high-value-added products through research and development and investment, the company added.
"It provides a compelling entry point into the growing nitrile butadiene latex-based products and enables Petronas Chemicals to enhance its presence in attractive end-markets, especially for personal care and healthcare, mainly in the Asia-Pacific region," Petronas Chemicals Managing Director Sazali Hamzah said.
For Petronas Chemicals specifically, Sazali said the partnership with LG Chem will further strengthen the pursuit of its growth agenda following the acquisition of a silicone player last year. "With more specialty chemicals in our portfolio, we are moving into segments with higher growth potential," he said.
In 2017, Petronas inked an agreement with Saudi Arabian Oil Company, also known as Saudi Aramco, with the latter investing $7 billion for a 50% stake in refinery and cracker plants in a $27 billion refineries and petrochemical integrated complex in Johor.
Petronas Chemicals, which released its second-quarter financial results last week, saw its net profit for the three-month period fall 83% to 186 million ringgit from 1.11 billion ringgit registered in the second quarter of 2019. The company blamed the weak performance on lower plant utilization rates and decreased production volume and sales volumes, all related to the aftermath of the coronavirus pandemic, which forced Malaysia to impose a three-month lockdown.
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2020-09-16 18:31 | Report Abuse
https://klse.i3investor.com/blogs/sinchew_company_story/2020-09-15-story-h1513520091.jsp