According to Malaysian Rubber Glove Manufactuters Association (MARGMA), global glove demand is about 330 billion pieces per year & estimated to grow at 10% annually
For 2021 global glove demand is expected to grow to 396 billion pieces versus the total production capacity of Malaysian glove factories of 280 billion pieces
While for 2022 global glove demand is expected to expand further to 475 billion pieces against the projected total production capacity of Malaysian glove factories of 363 billion pieces
While also, a research analyst from a local IB has also written that covid-19 vaccine deployment could in fact add another further new demand source of 18 billion pieces per year, assuming that 60% of the world's 7.5 billion people gets their vaccine in two doses annually
i think these anal - yst have destroyed the glove share prices so much that nobody believes their analysis anymore, say one thing one day to suit their warrants and say another thing when they want the share price to move up coz they have collected sufficient numbers... look at the volume lately..the retailers and investors are staying away..
Yes correct...retailers must hold...not make sense intco...Sri trang..riverstone all up....malaysia down....7 straight days...no rebound....don't sell ur tickets...
trueinvestor Yes correct...retailers must hold...not make sense intco...Sri trang..riverstone all up....malaysia down....7 straight days...no rebound....don't sell ur tickets... 21/01/2021 3:06 PM ----------------------------------------------------------------------------------------------------------------------------------
exactly...!! retailers and investors, keep your tickets. if those RSS people want to buy, sell to them at RM4 or more..
RSS will try to create buy/sell among themselves with each trade price going lower..let them...dont sell your tickets to them...the more they short sell to each other, the more they will have to buy back later at higher prices..
Yes...let them buy and sell among themselves and they will push the price among them...we just stay sidelines...good counter won't go wrong...when other company is not making money during pendemic
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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....
Taeyeon09
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Posted by Taeyeon09 > 2021-01-20 16:37 | Report Abuse
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