Comfort super profit in latest qtr.
PAT 219m. Dividend 5ct.

https://www.klsescreener.com/v2/stocks/financial-report/2127/2021-04-30

Investors should look into the value stocks during pandemic and inflation period. Gloves stocks with high cash flow, low debt and low pe would be most sought counter during this period.

KlCI -19.96 DJ -533

433 counters down.

KUALA LUMPUR: The ringgit opened at a multiple-week low against the US dollar on Friday, as traders continued to offload emerging currencies on the US Federal Reserve’s (Fed) hawkish stance on its monetary policy.

At 9am, the local note slipped further to 4.1415/1440 versus the greenback from 4.1390/1400 at Thursday’s close.

This was the lowest level last seen on May 31, 2021 when the ringgit opened at 4.1420/1500 against the greenback.

ActivTrades trader Dyogenes Rodrigues Diniz said the ringgit continued to lose ground against the US dollar since the last Federal Federal Open Market Committee (FOMC) report released on Thursday.

"As the market is seeing a possibility that the Fed will increase interest rates earlier than previously forecast, the most likely scenario is that the US dollar-ringgit pair would keep going up until it reaches the 4.1750 level as a first target, and the 4.2200 level as a final project

Supermax (50% US gloves market) revenue n profit will spikes in coming qr.

The FBM KLCI closed in the red, its third straight session in negative territory after the US Federal Reserve brought forward its outlook for an interest rate increase.
https://www.klsescreener.com/v2/news/view/842687/fbm-klci-falls-for-third-straight-day-down-7-46-points

Value stocks perform better in high inflation periods and growth stocks perform better during low inflation.

Supermax,Topglove ,Harta and Kossan are value stocks which have a strong current cash flows. Gloves stocks are best time to own in high inflation periods.

Shorties shorting for almost 20 consecutive days. Soon run out of bullets. All retailers waiting.

Gloves companies should support share buyback today.

ADR paid dividend in USD. Investors maybe attracted by 70% TG dividend.

Shorties waiting Bursa RSS ban and short squeeze before cover.

Glove makers unlikely to be severely impacted by softening prices
No panic:Other glove makers are not likely to report a decline in ASPs as experienced by Top Glove in its third quarter ended May 31, 2021. —AFP

THE recent double-digit dip in glove ASPs (average selling prices) for Top Glove Corp Bhd is not likely to be mirrored by other glove makers, due to certain factors that are unique to the world’s largest glovemaker, say research analysts.

An industry observer told StarBizWeek that other glove makers may not see a similar dip in ASPs quarter-on-quarter, as their ASPs previously had lagged that of Top Glove.

“Part of the reason Top Glove’s ASPs fell was because of the United States Customs and Border Protection’s (US CBP) withhold release order (WRO) resulting in a fall in sales to the United States. Note that selling prices to the United States are higher than the global average. So, the group had to divert orders away from the United States (to other regions with lower ASPs), ” explained the industry observer.

“So, the fall in ASPs from Top Glove is a natural convergence in pricing. However, we do expect glove ASPs (globally) to fall in the third quarter of 2021, ” he said.


https://www.klsescreener.com/v2/news/view/840467/glove-makers-unlikely-to-be-severely-impacted-by-softening-prices

Supermax and the rest will further gain big slice of the glove market in US. Expected higher sales and higher ASP due to TG Cbp ban. Malaysia FMCO will further prolong the lead time.

2021 - gloves companies in Malaysia will have to struggle to churn 23b/month of gloves due to mco3. Malaysia supply 67% of world gloves market.

Margma president Dr Supramaniam Shanmugam said 67 per cent or 23.3 billion pieces of gloves of the estimated monthly global supply would be produced by Malaysia, while the rest would come from Thailand (18 per cent), China (10 per cent) and Indonesia (three per cent).

HONG KONG -- China retaliated against international sanctions on Thursday, passing a law believed to provide legal tools for its officials and companies in responding to Western penalties.

The Anti-Foreign Sanctions Law was passed by the National People's Congress Standing Committee, state media said. No details were immediately disclosed.

The bill underwent a secret first review in April and no draft was available for companies and other stakeholders to examine. But while the contents remain under wraps, experts have warned the impact could be significant.

Tit-Tat with US, Intco medical could be banned by US or additional tariff on health products from China.

https://asia.nikkei.com/Politics/China-hits-back-at-US-and-allies-with-anti-sanctions-law

Oversold 160b acording to margma, lead time 1 year now due mco3. Demand still damn good.


The Malaysian Rubber Glove Manufacturers Association (Margma) said on Monday (Mar 15) the country was in an oversold position of 160 billion gloves.

https://www.channelnewsasia.com/news/business/malaysian-rubber-glove-group-says-demand-to-oustrip-supply-until-14410664

Ah long Ib lenders will not let the price to go down. Shorties will continues to pay interest/high commission/high dividend. TG 18ct dividend will shorties 62m. Previously already paid 60m to Ah long lenders.

op Glove plans to go for tenders as it seeks to take advantage of current prices

KUALA LUMPUR (June 9): Top Glove Corporation Bhd plans to step up its rubber glove sales via tenders in view of the delivery time of at least one year, and the opportunity to take advantage of the current average selling prices.

"Delivery time takes at least 1 year". The new contract sales has extended the lead time.

Top Glove plans to go for tenders as it seeks to take advantage of current prices

KUALA LUMPUR (June 9): Top Glove Corporation Bhd plans to step up its rubber glove sales via tenders in view of the delivery time of at least one year, and the opportunity to take advantage of the current average selling prices.

"Delivery time takes at least 1 year". The new contract sales has extended the lead time.

TG lost of business in N/America will enable other gloves companies from Malaysia will gain bigger slice of gloves market especially Supermax, Harta n Kossan. Better Qtr result for these companies.

Top Glove plans to go for tenders as it seeks to take advantage of current prices

KUALA LUMPUR (June 9): Top Glove Corporation Bhd plans to step up its rubber glove sales via tenders in view of the delivery time of at least one year, and the opportunity to take advantage of the current average selling prices.

“Right now the prices for gloves are still high, so it is a good time to go for tender business. We have closed a few tender businesses in the Middle East,” the group's managing director Datuk Lee Kim Meow said in a virtual briefing today.

He also said Top Gloves no longer receives a lot of spot orders from clients, adding that the group now has the capacity to fulfill contractual orders.

“It is not like last year where a lot of customers came and asked for spot orders. We do not see this [trend] any longer,” he said.

Top Glove's annual glove production capacity hit 100 billion pieces this month and is expected to increase to 111 billion by the end of this year.
https://www.klsescreener.com/v2/news/view/839299/top-glove-plans-to-go-for-tenders-as-it-seeks-to-take-advantage-of-current-prices

All investors here love billion profit companies. Earn 2b per qtr is not small sum . In bursa less 3 companies are able to make PAT 2b. Top Glove rank no1 in term of net profit.


6. TOP GLOVE CORPORATION BERHAD
Stock Symbol : TOPGLOV [7113]
Market Cap : RM42.67 billion
Revenue : RM7.24 billion
Net Profit : RM6.98 billion

1. MALAYAN BANKING BERHAD
Stock Symbol : MAYBANK [1155]
Market Cap : RM95.31 billion
Revenue : RM51.03 billion
Net Profit : RM6.72 billion

2. PUBLIC BANK BERHAD
Stock Symbol : PBBANK [1295]
Market Cap : RM81.52 billion
Revenue : RM20.30 billion
Net Profit : RM5.14 billion

Supermx now is a bit off confident level due to constant rogue IB and shorties constantly bashing the gloves stocks on lower ASP n overcapacity. I believe the stock performance will speak by itself on its best revenue and profit in coming qtrs.. 1st qtr earn billion probably not able to restore the confident. Subsequent good qtrs result earning billion will fully restore the confident of retailers and FF.

Some guru here had taught us not to love the stocks that is losing billion n high debts. When it already recover and starting to earn profit every qtrs then only buy.

Hartalega is recognised as a leader among 93 companies in the health care equipment & supplies industry that received AA rating from MSCI ESG Rating

https://hartalega.com.my/wp-content/uploads/2020/09/Hartalega-ILO-Factsheet-26-April-2021.pdf

Short Term Liabilities: GENM's short term assets (MYR3.4B) do not cover its short term liabilities (MYR4.5B).

Long Term Liabilities: GENM's short term assets (MYR3.4B) do not cover its long term liabilities (MYR10.3B).

Debt Level: GENM's debt to equity ratio (73.7%) is considered high.

Reducing Debt: GENM's debt to equity ratio has increased from 26% to 73.7% over the past 5 years.

Debt Coverage: GENM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if GENM's interest payments on its debt are well covered by EBIT.

So may red alert. Only GF think it have 20b cash.

BBB- rating will difficult to borrow and loan interest will above normal. Genting has relied heavily on borrowing to service their debts as their main revenue RW Genting will badly affected by FMCO. Future earning is bleak and negative earning will stay the next few qtrs. Expect more borrowing.

Why invest in Genting/GenM? Fitch ratings had already downgrade BBB-. A grade is just above the junk. Where else the TG, Supermax an Hartalega are AA grade companies.

The coronavirus variant driving India’s devastating Covid-19 second wave is the most infectious to emerge so far. Doctors now want to know if it’s also more severe.

Hearing impairment, severe gastric upsets and blood clots leading to gangrene, symptoms not typically seen in Covid patients, have been linked by doctors in India to the so-called delta variant. In England and Scotland, early evidence suggests the strain -- which is also now dominant there -- carries a higher risk of hospitalization.

https://www.bloomberg.com/news/articles/2021-06-07/gangrene-hearing-loss-point-to-delta-variant-being-more-severe

https://impacttlimited.com/wp-content/uploads/2021/04/Top-Glove-Verification-Report_Q3April2021_public_v2.pdf

Top Glove 20 year growth track record in Bursa and 5 years in SGX.
https://www.topglove.com/ir-home/

Watch AT gloves in production.
https://www.youtube.com/watch?v=gthL3I9mt5A

World had realized the need of prevention of infectious disease in service sector.. In normal times companies in leisure,travel, food, automotive and lately World casino/theme park will requires their workers to wear PPE (gloves) in handling customers. 160b of gloves in Malaysia are pre sold in March 2021 and will expect total of 300b gloves pre sold at end of 2021 which cover the entire export in 2022.

RW Genting and world casino had became big usage of gloves in their SOP. All the staff are required to wear gloves when handling customers at theme park, hotel, restaurant and casino.

RW genting
Face masks/shields and gloves are worn
by employees in accordance with the
GenM: StaySafe Protocols, regulations
and guidance given by federal and state
authorities

RW Genting and world casino had became big usage of gloves in their SOP. All the staff are required to wear gloves when handling customers at theme park, hotel, restaurant and casino.

RW genting
Face masks/shields and gloves are worn
by employees in accordance with the
GenM: StaySafe Protocols, regulations
and guidance given by federal and state
authorities

Investing in companies with poor financial strength has a higher risk of permanent loss of capital. Thus, it is important to carefully review the financial strength of a company before deciding whether to buy its stock.
It is less risky to invest in profitable companies, especially those with consistent profitability over long term. A company with high profit margins is usually a safer investment than those with low profit margins. Top Glove Bhd has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of USD $3.6 billion and earnings of USD $0.792 a share. Its operating margin is 58.18%, which ranks better than 99% of the companies in the industry of Medical Devices & Instruments. Overall, the profitability of Top Glove Bhd is ranked 8 out of 10, which indicates strong profitability. This is the revenue and net income of Top Glove Bhd over the past years:

Guru focus.

Investing in companies with poor financial strength has a higher risk of permanent loss of capital. Thus, it is important to carefully review the financial strength of a company before deciding whether to buy its stock.
It is less risky to invest in profitable companies, especially those with consistent profitability over long term. A company with high profit margins is usually a safer investment than those with low profit margins. Top Glove Bhd has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of USD $3.6 billion and earnings of USD $0.792 a share. Its operating margin is 58.18%, which ranks better than 99% of the companies in the industry of Medical Devices & Instruments. Overall, the profitability of Top Glove Bhd is ranked 8 out of 10, which indicates strong profitability. This is the revenue and net income of Top Glove Bhd over the past years:

Guru focus.

Singapore Lee hsien loong speak about pandemics. Pandemics will subside but it will becomes endemics. The virus will circulate on the pockets of the world population for the years to come.

https://www.youtube.com/watch?v=D9UtJOdHpmY


Gloves as part of PPE will be needed in both pandemics and endemics prevention of infectious disease.

Supermax financial growth from 1yrar to 10years. The financial data speak of the high growth in this stock
Annual Rates (per share 10 yrs* 5 yrs* 12 months*
Revenue Growth (%) 6.50 17.00 200.10
EBITDA Growth (%) 6.50 31.60 1303.40
Operating Income Growth (%)9.40 33.50 1354.00
EPS without NRI Growth (%)3.90 30.50 1426.60
Free Cash Flow Growth (%)N/A N/A 5781.50
Book Value Growth (%) 7.40 9.10 244.30

In fact shorties are trapped in Bursa due to miscalculation gloves explosive demand and capacity expansion in year 2021-2023.. So far shorties unable to reach TP for past 6 months. Paying high dividend/high interest/high commission to the Ah long IB is deadly lost to shorties.

Shorties short the shares. Ah long IB lenders bought the shares. In return Ah long lend the shares to shorties. The recycle repeat. The share price unchanged. End of day, Ah long earn high interest/commission.

Ahlong Ib lenders will not allow shorties cover easily. Shorties be prepare to pay high dividend/commission/high interest to year end 2021.

Supermax export total 50% (13b) to North and South America. So it is feasible to setup factory in US to cater the N/S America market. Saving big in freight cost.

https://klse.i3investor.com/blogs/bursainvestments/2021-06-01-story-h1565990656-Future_Market_Share_and_Export_Markets_of_Malaysian_Glove_Makers.jsp

Future Market Share and Export Markets of Malaysian Glove Makers by Ben Tan

https://klse.i3investor.com/blogs/bursainvestments/2021-06-01-story-h1565990656-Future_Market_Share_and_Export_Markets_of_Malaysian_Glove_Makers.jsp

Last Jan 2021 TG had shut down for 4 weeks and their revenue n profit still highest despite the US CBP ban.

Stanley Thai expected to helm Supermax again 2021?

The founders started Supermax in 1987 as a trading business to distribute latex gloves. In 1989 the company ventured into the manufacturing of latex gloves. Today, the Supermax Group has twelve factories manufacturing various types of nitrile latex and natural rubber gloves, which are exported to over 165 countries around the world. Supermax has production capacity of about 24.0 billion pieces of gloves per annum and will end the calendar year 2020 with just over 26 billion pieces in installed capacity. Its order book has swelled to over 23 billion pieces of gloves from 7 billion pieces pre-Covid-19. The Group has accelerated its expansion program and for the first time in its history, will be constructing 5 factories simultaneously. Production lines will be commissioned progressively at each plant with about 10 billion pieces added to installed capacity in calendar year 2021 and another 12 billion pieces added in 2022. RM1.3 billion has been allocated for this expansion program over the next 2 years.

Besides its principal business of making gloves, Supermax has invested RM100 million in a state-of-the-art contact lens manufacturing facility (SuperVision Optimax). SuperVision is capable of producing a wide range of affordable lenses that are in demand in the marketplace and is marketed under the brand “AVEO”. It is the first homegrown contacts lens manufacturer. The Supermax Group has also ventured into face mask manufacturing to expand its PPE product offerings.

https://www.sparrowsph.my/blog/stanley-thai-expected-to-helm-supermax-again.html

Posted by monetary > Jun 5, 2021 9:32 AM | Report Abuse

myinvestor. like wat TG did? investor briefing? how does TG share price perform?

Ya true, It will definitely help on the stock value.

Boss Stanley and his directors had performed badly in the publicity. They should be proactive to inform the public frequently of the company development and expansion plan. This will help to increase the value of the stock.

Top gloves production capacity hit 100b.
https://www.msn.com/en-my/money/topstories/top-gloves-annual-glove-production-capacity-hits-100-billion-pieces/ar-AAKGRJX

Worldwide material shortages

As a result of significant increased demand for PPE due to the COVID-19 pandemic, the PPE industry is under threat from a worldwide shortage of nitrile – the material used for gloves that enables protection for longer periods of wear. Estimated presold quantity in Malaysia as at January 2021 is 160 billion gloves which is the equivalent of 6.86 months of production capacity thus leading to a long lead time until year end. In addition, according to the Malaysian manufacturers' association MARGMA, worldwide demand is projected to rise from 296 billion in 2019 to 420 billion this year, an expected year-on-year annual growth of between 15-20%. With glove manufacturers flat out currently, this isn’t a deficit that will quickly be resolved.

Due to current shortages in nitrile raw materials, glove manufacturers are converting some production lines over from nitrile to latex, to ensure production capacity is kept running to a maximum and supply continues.

Fraudulent PPE
The shortages of PPE at the beginning of the pandemic led to fraudsters producing fake, unregulated or inferior quality products, therefore posing a risk to the healthcare workers putting their lives on the line through inadequate protection.

It’s imperative that those purchasing PPE understand how to ensure they are buying legitimate and certified PPE to avoid fake equipment that doesn’t actually protect workers and patients.

We ourselves have seen fraudsters trying to replicate our brand over the past year as groups attempted to cash-in on the increased demand for protective equipment.
With this in mind, here are the five key areas that certified and registered PPE will fall under:

Notified bodies – An organisation designated by an EU country to assess the conformity of certain products before being placed on the market. All notified bodies which are designated to assess PPE are listed on the EU Commission’s NANDO (New Approach Notified and Designated Organisations) website which is updated regularly, so purchasers should look for products that have been certified by notified bodies.

CE markings – Indicate that the product has been assessed by the manufacturer and deemed to meet EU safety, health and environmental protection requirements – a requirement for products placed on the EU market that are manufactured anywhere in the world. The manufacturer providing the EU market with the product is obliged to issue a declaration of conformity, meaning they take full responsibility for placing the product on the EU market.

Technical file – Provides information on the design, manufacture, and operation of a product and must demonstrate the product conforms to the applicable requirements. The technical documentation is necessary to prove the product meets the essential requirements to justify and support an EU declaration of conformity.

EU declaration of conformity – A mandatory document that a manufacturer or the authorised representative need to sign to declare the products comply with the EU requirements. The document must reflect: manufacturer, the address, implementation standard, ingredient content, production batch number, production date and expiration date, to name a few. Suppliers of gloves and masks should provide the technical file and EU Declaration of Conformity.

EN standards – Medical products on the EU market should comply with EN standards. For example, masks should comply with EN 14683 and EN149 standards and gloves should comply with EN 455 and EN 374 standards. A lot of businesses that are supplying fake and unsuitable PPE will have the wrong standard in relation to the given masks or gloves.

https://www.med-technews.com/medtech-insights/medtech-materials-and-assembly-insights/threats-to-ppe-supply-and-fraudulent-products/

Those so cheap gloves selling on online are mostly fraud and low quality without any standard. Some gloves factories rejected gloves are bought by fraudster in bulk and being sold cheap online. They may box n packaging as Top brand from Malaysia.

KUALA LUMPUR, June 1 — The Malaysian Rubber Gloves Manufacturers Association (Margma) has assured that its members will cope to ensure there is no severe shortage of important personal protective equipment (PPE) items worldwide even with the 60 per cent workforce ruling due to the movement control order (MCO) 3.0.
President Supramaniam Shanmugam said the current lead times on delivery would be slightly longer as Malaysian manufacturers produce 67 per cent of global supply.
“We hence have a responsibility to all humanity of the world and we will do our best to manage the situation,” he said in a statement today.
He said Margma is mindful that its members must do their best to alleviate the shortage of medical glove supply as there is dire need of this critical PPE item. As such, the association urged the members to assist India, Pakistan, Bangladesh and many South American nations by providing more medical gloves

“Demand for gloves remains extremely robust for the healthcare sector and we are gearing up to meet the demand of the non-healthcare sectors which are slowly but surely moving towards a recovery programme.

“As Europe and America move towards a recovery economic agenda, it means the awakening of the non-healthcare sectors such as food handling, industrial, cleanroom laboratory, dermatology and tattooing,” he said.

Supramaniam said traditionally, the non-healthcare sectors required about 17 per cent of all gloves produced and this would be a hefty number to contend with.

He said the implementation of MCO 3.0 is an understandable move and would be in support of the government’s effort to combat the rampaging Covid-19 cases currently prevailing in the country.

He added that the global community is advised to be cautious not to get conned and scammed by promises of quick and cheap shipments. — Bernama

Ib lenders will not allow shorties to cash out bc they want to earn high interest/high commission/high dividend for whole year 2021. The price well supported at 3.90.

I m surprise Mrdiy able to join ftse klci index as it float shares is less 15%. Actual float shares is only 14.57% did not full fill the ftse index rules which stated minimum of 15%. Some hanky panky in selection index stock. It is still ok , supermx still in ftse mid 70 index.

https://www.msn.com/en-my/money/stockdetails/ownership/kls-mrdiy/fi-bwkrp2

I agreed with PJ Seow gradual drop of ASP will not any significant changes in PAT in each qtr bc of planned higher capacity expansion in 2021/2022. Even it drop to USD46 at end of 2022, the supermax capacity already increase to 48b. The PAT will be almost the same as year 2021.