Billions of medical gloves from Thailand coming to grab market share from Malaysia top four glove companies very soon. All the high expectation of higher ASP going to the drain when billions of Thailand's gloves flooding the market.
Posted by geary > Aug 31, 2020 1:57 PM | Report Abuse
PZOGRO In US, ppl buying Apple Tesla until stock split today’s also keep pushing higher; but Malaysian will normally do the other way. Buy before stock split and Sell after stock split! That’s Malaysian! Happy Merdeka! 31/08/2020 1:47 PM
For counter with high earnings growth...still have legs to run...plus there are final n special dividend...o:-)
Sri Trang Thailand has 33 bil capacity only. Global demand is currently over 320 bil with current supply(Big 5) less than 230 bil. The rest has to be delivered next year which is a backlog of more than 9 months.
Once China serious to produce glove, it is game over for glove industry in Malaysia. Max within 2 hrs glove company in Malaysia production cut in half.
Rubberex latest q pat 23m. Production 1b nitrile glove per annum. Q is for month of April, May n June 2020. TOP glove q for month of June, July n August 2020 with production of 80b per annum will give what pat?
china has the capacity to depress prices. i just buy face mask from shoppe shocking sale RM16.90 per 100pcs 3 ply one woo. if use shoppe coin can get as low as RM12.00WOO... Imagine happen to globe if they serius....
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Posted by greedy44444 > 2020-08-31 01:28 | Report Abuse
Billions of medical gloves from Thailand coming to grab market share from Malaysia top four glove companies very soon. All the high expectation of higher ASP going to the drain when billions of Thailand's gloves flooding the market.