You are shooting your own feet la if still want to invest in gloves now. Even China having problem to sell their own capacity with dirt cheap ASP. Better go and invest in making EV car battery la..

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and I always wonder what stopping cash rich China glove companies from telan Top Glove. Why compete with Top Glove if now they can telan the whole Top Glove? Paying x2 from current price is just around RM11 billion. Malaysia great grand sales to them.

All will be RED. TG just started the wave of negative QR. The worse has just begun. No rebound in sight yet. Gloves OFF guys.!!

My take on this gloves sector..Up to you all how to accept this.
If we have seen the extreme positive side of gloves, now we will see the extreme negative side. For how long? Maybe until we hear announcement by new players OR existing players exiting this market. Until then, the outlook is still a challenge.
Market is still full of gloves due to aggressive inventory build up during 2020 - 2021. The impact from huge loss from buying high price and sharp decline in ASP made buyers to adopt wait and see. I am predicting at least until mid 2023 before you can see some light from this sector. Take your bet on who will remain in this industry as the battle for survival has just begun.

Talked all good about China, just go and buy Intco or Bluesail shares lah, if you are so confident with China.
Why need to talk nonsense about MY gloves players..Are you trying to promote anything here..?

380K equivalent to 0.011% only. Why worry?

Nothing to do with private placement. Look at the whole gloves sector. Everyone are red and you expect this Careplus to be green? Bursa also down...

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Larn private placement @2.000 effective tomorrow..shit game..for this sake stock price down 25sen..

How do you know Intco so cost effective and efficient?

I think its about timing when they react to ASP increase. Supermax and TG very aggressive in raising ASP while Harta & Kossan is not..Observe the QoQ growth and you may spot the trend. Also, observe their covid19 outbreak case and we can find whether this result good or not..

this gloveburnhand dunno what is his intention. nothing better to do ahh?

dia mau 100B profit.. then he thinks share price can shoot up like Tesla..Bursa al kasino, company profit 1 trillion also share price will drop..

TG use prison labor la..that's why TG is being banned. Not so much on other so called social compliance issues where its quite a grey areas to enforce ..It's a quite clear cut standard requirement for exporters to US and EU.. No child/prison labors being used..

rubbish la..chinaman stingy la..looserlega la..dont like the stock just go away..no need to have this kind of love hate situation..
Sure this ppl got stuck at 20..hahaha

Other competitors cannot take advantage of this closing down as they themselves also full. But will make others easy to increase ASP to their customers because of supply shortage.

Bigbull99 One thing for sure is if coming QR, Top glove cant report better profit from 1.2bil, we'll see TG start to slowly collapse. The peak is definitely over for gloves, now its the matter of maintaining its price. I think TG wont even hit 1.1bil next month due to ASP slowly coming down. Let's see, good luck.

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No issue on ASP. It's going to go up. you can talk about ASP going down only in 2022. Not now. Most of gloves contract are forward selling and most of gloves factories have sold out their capacity until end 2021.
The only reason why TG cannot hit 1.1bil NP will be because of EMCO. When you need to close down factories - 28 of them, these will impact their daily production capacity. Missing one day can cost them hundred of million RM in revenue.