For sure the Notion management has their planning and strategy. Try to think, if they do not have signed any agreement with those glove big player manufacturing company to OEM / assist in production of their gloves, will you able or dare to signed the supply agreement with those European company for the continue gloves supply? Are they not worry that later those companies will sue them and ask them to pay for the penalty or any business lost for unable to supply later? Think before making any unnecessary comments ya....
Sometimes, when you listen to those rumours and comments....You may need to filter and think the logic behind and what is their purpose and will they share with you for their rice and bowl in making money? Invest with your extra money and do the research and study...
@VT899 Notion maybe JV with one of Glove maker in Malaysia... Supermx, Harta, Kossan, TopGloves for assist supplying gloves or Notion buy cheaper from them and sell Higher to European company... Bussiness is business as long can make profit.
Agreed with VT899..... Notion Mgmt would be stupid enough to sign Sales Agreement especially with European Co. (not China companies) if Notion is unable to supply and they will definitely be sued for compensation of non-compliance. You cannot afford to "play play" with European companies especially like hospitals and healthcare bodies.
Contract value means I’ll supply x amount of gloves for x amount of money. It’s in contract. However gloves ASP is increasing every month. Meaning margin will be lesser and lesser.
They’ll need to buy now at spot price or buy expensive gloves later. If you order now, need to wait for a year only can get gloves. In spot orders, gloves price are at very high price. This is why topglove and supermax earn chunk of money.
Of course no one will sign a contract with the intention to make loss. We all want to make money. However miscalculation will happen which will make the contract a loss
European company name not mentioned. Bursa should query. Scammers at work. I don't understand why Bursa allowed this type of news in Bursa website. No wonder it's nicknamed DeBursa
Don't be stupid pls, the whole world know the glove is short in demand and the Queing time is up 1 year ahead. So you saying Notion going to be a middleman and buying from those glove producers and selling to this unknown European company? C'mon la,if your are glove producers would you have time to entertain this hanky panky deal when you got tons of demands on hand?
Exactly, if this European company is buying in this big bulk, why not straight away buy from manufacturer? Why want to let the middleman earn? We all know trading is a sunset business
@newbie1805........ pending political announcement by Anwar and PM this afternoon. Change in Govt again ??? Our Msian politicians are well-known frogs !!!
Personally, I see is worth to buy now and ok to keep for the coming price up... As we can see the Anwar news don't make big influence to the price drop... Compare to others counter... The holding power is still strong. The buy rate in my screen show 64% ...Which over 50% Thinking to buy more and waiting for another coming news release...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LOOK009
1,079 posts
Posted by LOOK009 > 2020-09-23 09:36 | Report Abuse
You can read it (Sin Chew Daily Finance).