Posted by hng33 > 2020-06-19 13:32 | Report Abuse

Well said, thumb up.

Glove profit growth still at infancy stage. It is yet to unleash fully as current ASP hike of 20% yet to account into topglove Q result. Topglove only account 5% in latest Q result as ASP hike only begin in April, but price locked in 1 month ahead, therefore, topglove only account mere ASP 5%hike impact in month of May for its financial year Mar-May. Therefore, topglove ASP further hike impact 20% only can record in fully in June-Aug.

Supermax, the sole OEM + OBM business model even will record much higher explosive profit growth as its ASP is based on spot price which is 200% - 300% higher than ASP by OEM ( topglove, harta, Kossan) of just 20%.

All ASP hike is direct translate go to bottom line straightly. Based on historical net profit margin of glove maker around 10%: A 10% ASP hike direct to 100% profit growth, a 100% ASP hike direct to 1000% profit growth.

Posted by hng33 > 2020-06-19 13:43 | Report Abuse

Glove demand is growing rapidly even at time of just screening covid, which is less than 5% of population. What will glove demand for vaccination if 50% of the population needed for protection?

To screening less than 5% population now, it take almost 3 month in US, what will vaccination time to take for 50% population? The glove demand is not only to growth rapidly but also at prolong period once vaccination period begin.

Posted by megat36 > 2020-06-19 13:56 | Report Abuse

Supermx looking good...i prefer kossan based on pe..recent selloff triggered my stop loss on kossan n ruberex. Should i not have stop loss since this sector is strong and i am planning to hold at least 6 months?

Posted by gloveharicut > 2020-06-19 14:03 | Report Abuse

VERY SMART!

I like your statement. I buy the BIG FOUR.
My top pick is TOPGLOV too. Thank you

------------------------

this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.

Posted by gloveharicut > 2020-06-19 14:04 | Report Abuse

kita jaga kita.

protect our hair from the banker!

Posted by katappa > 2020-06-19 14:26 | Report Abuse

kasi botak kan bagus, no need hair cut, wahahahahaha

Posted by hng33 > 2020-06-19 15:10 | Report Abuse

Those patient recover from covid virus only have antibody effective last for 2 month. Will coming vaccine can last for how long protection remain in ?

Glove demand is growing rapidly even at time of just screening test covid, which is less than 5% of population. What will glove demand for vaccination if 50% of the population needed for protection?

To screening less than 5% population now, it take almost 3 month in US, what will vaccination time to take for 50% population? The glove demand is not only to growth rapidly but also at prolong period once vaccination period begin.

Vaccine development mostly funded by Government globally, therefore, once develop, it will administered widely to almost entire population in the world. Therefore, once vaccine become available publicly, Gov may require all people to be vaccinated especially in US, European region.

To boost effective protection against covid, it may need multiple dose at interval time to upkeep protective antibody against covid.

https://www.chinapress.com.my/20200619/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e7%a0%94%e7%a9%b6%ef%bc%9a%e6%9f%93%e7%96%ab%e5%ba%b7%e5%a4%8d%e5%90%8e-%e6%8a%97%e4%bd%93%e6%81%90%e5%8f%aa%e7%bb%b4%e6%8c%812/

Posted by hng33 > 2020-06-19 15:30 | Report Abuse

Vaccine period is the time boom for glove demand. All major glove maker already foresight these huge increasing huge, Topglove and supermax are now aggressively expand further its current capacity, topglove to produce 100 billion glove pa next year, growth of 25% from current 75 billion pa. Top glove to boost further capacity to further 140 billion by end 2025. On the other hand, supermax to boost capacity to 32 billion by next year from current 26 billion and further boost to 46 billion by 2023.

Glove demand is growing rapidly even at time of just screening test for covid, which is less than 5% of population. What will glove demand for vaccination if 50% of the population needed for protection?

To screening less than 5% population now, it take almost 3 month in US, what will vaccination time to take for 50% population? The glove demand is not only to growth rapidly but also at prolong period once vaccination period begin.

Vaccine development mostly funded by Government globally, therefore, once develop, it will administered widely to almost entire population in the world. Therefore, once vaccine become available publicly, Gov may require all people to be vaccinated especially in US, European region.

Posted by Erudite > 2020-06-19 18:03 | Report Abuse

gud one HNG33. Thumbs up Tradeview & U

Posted by qqq33333333 > 2020-06-19 19:27 | Report Abuse

started the article with tulip mania over the winter of 1636...........and when spring came in 1637, all crashed...........then ended the article by promoting gloves...............lol..........knowing spring will come.............greater fool theory?

a greater fool will come along, don't worry............

Posted by qqq33333333 > 2020-06-19 19:31 | Report Abuse

by starting the article with tulip mania story, the writer is saying, don't worry, I too know about tulip mania, trust me.....this is a good psychology trick employed to overcome objections before they arise.......................


good show, tradeview...........!!!

Posted by qqq33333333 > 2020-06-19 19:36 | Report Abuse

incidentally Nov to Feb is 3 months...................April to June also about 3 months...........

Posted by qqq33333333 > 2020-06-19 19:41 | Report Abuse

as a good corporate citizen, Top Glove announced very good Q1 results and distributed in the form of dividends most of the Corona extra profits in the form of a 14 sen dividend amounting to $ 250 million.................so, how many more quarters of extraordinary profits to justify a $ 10 increase in share price??

Posted by CharlesT > 2020-06-19 19:42 | Report Abuse

4q to 8q?

Posted by qqq33333333 > 2020-06-19 19:43 | Report Abuse

Tradeview is a great marketing guy..........thumbs up...........good show.........

Posted by CharlesT > 2020-06-19 19:44 | Report Abuse

Why this round u followed yr master kyy to buy but exit so early?

Posted by zhangliang > 2020-06-20 01:14 | Report Abuse

Respect. Succinct. Gud read 4 glove stock kaki

Posted by qqq33333333 > 2020-06-20 02:07 | Report Abuse

charles....supermax............how was the ride from >$ 9 to $ 6.50?

Posted by CharlesT > 2020-06-20 08:36 | Report Abuse

Fm rm1.50 to rm9.00+ was great
Fm rm9.00 to rm6.50 also great

Posted by speakup > 2020-06-20 12:08 | Report Abuse

many uncle & aunties cut-loss at rm6.xx cos so many experts here advised to sell and cut-loss

Posted by PMHLDG288 > 2020-06-21 17:48 | Report Abuse

many uncle & aunties read this forum ? are you sure?

Posted by kenie > 2020-06-22 11:18 | Report Abuse

https://www.orientaldaily.com.my/news/international/2020/06/19/347103