Posted by TradeMeSideways > 2021-02-22 12:18 | Report Abuse

What is the current support for careplus might I ask?

Posted by Mikecyc > 2021-02-22 12:25 |

Post removed.Why?

Posted by rocky_88 > 2021-02-22 12:30 | Report Abuse

1.91... if break u decide heheh

Posted by rocky_88 > 2021-02-22 12:32 | Report Abuse

today or tomorrow rebound if break support can consider to sell .. my personal opinion

Posted by huat8787 > 2021-02-22 13:20 | Report Abuse

wa,,pe 8.8 only..so cheap

Posted by stockraider > 2021-02-22 13:40 | Report Abuse

Ask yourself honestly loh!!

If u wear gloves can save these lives meh ??


Posted by GloveWin > Feb 22, 2021 1:35 PM | Report Abuse

Latest News
February 21 (GMT)
Updates
5,530 new cases and 51 new deaths in Israel [source]
Updates
2,579 new cases and 17 new deaths in Israel [source]
Updates
3,305 new cases and 36 new deaths in Israel [source]

Posted by strattegist > 2021-02-22 13:47 | Report Abuse

red

Posted by rocky_88 > 2021-02-22 14:07 | Report Abuse

doesnt matter glove or not it will rebound see chart if break support sell heheheh

Posted by TKLOOI > 2021-02-22 14:22 | Report Abuse

Today in SGX, STA went up sgd0.15 to sgd 2.14 n TG drop sgd0.03 to sgd 1.97.
Nothing to do with glove or vaccine it is Bursa dat is d problem.

Posted by ahpooki2 > 2021-02-22 14:44 | Report Abuse

https://www.afro.who.int/news/new-ebola-outbreak-declared-guinea?fbclid=IwAR0Y_zKzBpgU2ZkGEfOqibiRZHFscebCvAqS3-6n17gkIeItO0irupl1pF0

Posted by IvanC > 2021-02-22 15:09 | Report Abuse

If you got check history, Ebola outbreak almost every year for pass 20 years. Sometimes twice a year. This is rubbish news

Posted by Hui_k_c > 2021-02-22 16:40 | Report Abuse

Sifu what is the support level so i cut loss. Newbie thanks

Posted by IvanC > 2021-02-22 16:47 | Report Abuse

support is for buy in, not cut loss. don't confuse

Posted by bigby7 > 2021-02-22 16:59 | Report Abuse

Wow.. Merah Merah..
Darah

Posted by Godlike88 > 2021-02-22 17:22 | Report Abuse

rebound at support.

Posted by imvu > 2021-02-22 17:23 | Report Abuse

wow, sebulan lebih tunggu sampai juga area support..

Posted by TradeMeSideways > 2021-02-22 17:29 | Report Abuse

rebound at support is a good sign?

Posted by strattegist > 2021-02-22 17:49 | Report Abuse

closed red

Posted by sonickid > 2021-02-22 18:40 | Report Abuse

Guys, please check latest QR. Looks like careplus sold less gloves compare same quarter last year. Revenue up only 20% vs last year quarter? Looks like surviving by glove ASP. Glove price before Covid increased easily double. What happened?

Posted by rocky_88 > 2021-02-22 19:42 | Report Abuse

besok goreng kasi LU

Posted by Taipan > 2021-02-22 19:52 | Report Abuse

https://www.bbc.com/news/world-australia-56143277

Vaccination in Australia. PM first to be vaccinated. See gloves being used.

There will be doses per Australian. Imagine the demand for just vaccination.

Testing and all other medical sector continues to drive the glove demand. Ansell / Careplus will benefit the most.

Posted by gemfinder > 2021-02-22 23:34 |

Post removed.Why?

Posted by Kimly2 > 2021-02-22 23:44 | Report Abuse

downtrend, and not yet the bottom

Posted by Taipan > 2021-02-23 07:47 | Report Abuse

In a thematic report dated Feb 18, MIDF Research said sentiment towards the glove sector had changed as the development of Covid-19 vaccines progressed, however, it still maintained its positive stance on the sector as the research house believed the demand growth of gloves would continue after the pandemic.

MIDF also kept its "buy" recommendations on the four companies under its coverage, namely Hartalega with a target price (TP) of RM18.25, Top Glove (TP: RM8.29), Kossan Rubber Industries Bhd (TP: RM7.33) and Supermax (TP: RM13.83).

"Malaysia supplies about 65% of the world's total rubber gloves, which means collectively, Malaysian glove companies have market leader advantages," said MIDF.
The research house said one notable growth driver of rubber glove demand is higher hygiene awareness in the developing nations, while in the developed countries, demand is driven by more stringent medical processes, an ageing population which leads to higher medical needs, as well as consumption in other services sectors.

"The glove consumption is expected to remain high in 2021. We believe that mass testing and random testing will continue until a wide population is vaccinated.
"This is especially so if economies, social activities, and schools are to reopen while remaining safe. For example, in the US, US$50 billion has been allocated to expand testing to buy rapid tests and increase laboratory capacity to support regular testing in schools so that they can safely reopen," it said.

That said, MIDF added that industry players also expect high demand for rubber gloves from the massive roll-out of vaccination programmes.

"On top of that, buyers may need another few months to rebuild their inventory level. According to MARGMA (Malaysian Rubber Glove Manufacturers Association), glove demand is expected to grow by 15% to 20% per annum going forward. Prior to the pandemic, demand for gloves was growing by 8% to 12% per annum," it noted.

Posted by Taipan > 2021-02-23 07:47 | Report Abuse

Israel new cases are still higher +4,955. What happen to their vaccination programme.

Posted by Taipan > 2021-02-23 07:47 | Report Abuse

On 19th Feb 2021 EPF bought 6.5 Mil Top Glove shares.

On 22nd Feb 2021 EPF bought 1.5 Mil Top Glove shares.

Cheap. Fund Managers are buying when you panic sell.

Posted by Taipan > 2021-02-23 07:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/02/17/vaccinati...

Vaccination and testing to drive glove demand, price

Wednesday, 17 Feb 2021

HLIB said that while many countries are ramping up their vaccination programmes, current estimates indicate that global herd immunity could take as long as five years and this would provide support for glove demand in the medium term.

“Despite Centers for Disease Control and Prevention’s (CDC) guidelines stating that gloves are not required to be worn for vaccinations, our channel checks suggest that in most cases, gloves are in fact being used.

“For example, in the case of the United States, which is estimated to account for 35% of the world’s glove demand, the ‘National Strategy for the Covid-19 response and pandemic preparedness’ document published by the White House on January 2021 mentioned that the US is taking immediate action to fill supply shortfalls for vaccination supplies, which include nitrile gloves, ” HLIB said.

It said based on its observation from pictures and videos of US citizens receiving the vaccine, gloves were worn by nurses and doctors administering the vaccine.

“As such, while vaccinations are expected to eventually prevent the spread of Covid-19 (and hence lower the usage of gloves for testing), in the medium term, it would in fact increase demand for gloves, ” it added.

Posted by Taipan > 2021-02-23 08:23 | Report Abuse

https://www.globenewswire.com/news-release/2021/01/28/2165698/0/en/Out...


Dublin, Jan. 28, 2021 (GLOBE NEWSWIRE) -- The "Examination Glove Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global examination glove market is expected to grow at a compound annual growth rate of 10.51% over the forecast period to reach a market size of US$10,887.626 million in 2026 from US$5,975.957 million in 2020. Examination gloves are disposable gloves designed to aid medical practitioners by providing them protection from cross-contamination from patients. The demand for examination gloves will increase owing to the rising demand for healthcare services worldwide.

Moreover, the demand for examination gloves will also snowball due to the growing adoption of hygienic and cleaner medical practices. However, the environmental concerns caused by the use of synthetic material and health concerns by the use of powdered gloves will restrain the market growth during the forecasted period. The North American and European regions will have a significant share in the market due to high investment in the medical and healthcare field. The Asia Pacific market will also see ample growth opportunities on account of rising investment in the healthcare segment and an increasing number of medical cases in the region.

Increasing Healthcare Budget To drive the Market Growth

Healthcare has become one of the imperative sectors, both in terms of employment and revenue. Healthcare comprises medical devices, medical equipment, hospitals, clinics, and others. With the increasing population, worldwide, it has become imperative to spend substantial capital on healthcare, globally. According to the United Nations, the global population is expected to surge by at least 2 billion people, in the next 30 years. The population would rose from 7.7 billion in the year 2019 to 9.7 billion, in the year 2050. These trends show the importance of healthcare spending. The United States health care spending surged by 4.6% in the year 2019, to reach approx. USD 3.8 trillion, or around USD 11,582 per person.

The overall share of GDP related to healthcare budget or spending was around 17.7% in the year 2019. According to the United States National Healthcare Expenditure, retail spending for medical products such as surgical gloves and dressings, surged by 5.6% to around USD 82.1 Billion in the year 2019, compared to an approximate rate of 3.8% in the year 2018. The growth in healthcare spending in the country continued to surge in the year 2020, because of the COVID-19 Pandemic. In India, the healthcare sector is growing due to increasing expenditure by private and public players. According to the Indian Brand Equity Foundation, a trust established by the Indian Ministry of Commerce, the Indian Healthcare Market has been growing at an 18% CAGR rate. The overall government spending on Healthcare increased from 1.3% of the GDP in the year 2016 to 1.6% in the year 2020. According to the data released by the Department for Promotion of Industry and Trade, Diagnostic Centers and Hospitals attracted Foreign Direct Investment of USD 6.72 Billion, between the year 2000 and 2020.

These developments had a positive effect on the examination gloves market, as surgical and examination gloves are an imperative part of the medical equipment market. The Government of India aims to surge healthcare spending to 3% of the GDP, by the year 2022. In Europe, healthcare spending continues to surge at an exponential rate. According to Eurostat, on average in the European Union, healthcare spending had been around 9.9% of overall GDP in the year 2018. Among the European Union Member States, the biggest healthcare spending was recorded in Germany, which spends around 11.5% of the GDP, followed by France (11.3%), and Sweden, which was at 10.9%. In comparison to the population size, healthcare expenditure was maximum among the European Union member states in Denmark, Luxembourg, and Sweden.

Posted by Taipan > 2021-02-23 08:23 | Report Abuse

Bursa has already extended the suspension on IDSS and PDT Short Sale. This is indeed good news.

Hopefully Bursa also suspends RSS and IBs that manipulate share price.

Posted by strattegist > 2021-02-23 09:52 | Report Abuse

green

Posted by emil > 2021-02-23 10:14 | Report Abuse

if got profit better run out fast....once major funds dump all glove counters it spread collapse domino effect for all glove sectors.

Posted by strattegist > 2021-02-23 10:35 |

Post removed.Why?

Posted by leemeng > 2021-02-23 11:46 | Report Abuse

The Ministry of Health (MoH) has announced that there are four vaccine storage centres in Perak, namely the Raja Permaisuri Bainun Hospital here, Teluk Intan Hospital, Taiping Hospital and the Armed Forces Hospital in Lumut.He said this to reporters after monitoring the compliance of the standard operating procedure on the first day of the Sijil Pelajaran Malaysia examinations at Sekolah Menengah Kebangsaan Anderson here today.

Posted by CUTLOST > 2021-02-23 13:00 | Report Abuse

Vaccine.. Counter Pfzer and J&J

Posted by strattegist > 2021-02-23 13:11 | Report Abuse

red

Posted by Silentreader88 > 2021-02-23 15:04 | Report Abuse

Carepls is very good IF gloves sentiment is there. But realised or not, our other second liner that not purely in gloves (venture/mask/related), one by one leaving gloves sentiment behind. Just to name it, Notion, MTAG, Tekseng, Luxchem, Prlexus. They were all rebounded without need to follow gloves sentiment. Now left one still havent moved and superoversold, Oceancash. And this ocncash is undervalued stock. I think at anytime engine will starts (not buycall, but watch tight while price at seabed)

Posted by imvu > 2021-02-23 15:59 | Report Abuse

besok gap up...

Posted by HYdayne > 2021-02-23 16:22 | Report Abuse

GOV will continue supporting Gloves Industry - minister

Posted by TradeMeSideways > 2021-02-23 16:34 | Report Abuse

IPOH (Feb 23): The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the global health industry. (quoted, source below)

https://www.theedgemarkets.com/article/govt-will-continue-assist-rubber-glove-industry-says%C2%A0mohd-redzuan

____________

How would this impact glove counters?

Posted by strattegist > 2021-02-23 16:55 | Report Abuse

red

Posted by strattegist > 2021-02-23 17:19 | Report Abuse

closed red

Posted by Earthtime > 2021-02-23 21:41 | Report Abuse

Up next

Posted by rocky_88 > 2021-02-24 08:34 | Report Abuse

today rebound Lu!

Posted by Taipan > 2021-02-24 08:34 | Report Abuse

US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?

Posted by Kimly2 > 2021-02-24 08:52 | Report Abuse

1.91 can buy?
hmm.. not bottom yet, TP RM1.80 test water warm

Posted by strattegist > 2021-02-24 09:40 | Report Abuse

red

Posted by stevenckheng > 2021-02-24 10:04 | Report Abuse

wait 1.4 only buy

Posted by Kimly2 > 2021-02-24 10:07 | Report Abuse

1.80 soon, can buy?
hmm.. not bottom yet.

Posted by Luckybull > 2021-02-24 10:10 | Report Abuse

1.5

Posted by strattegist > 2021-02-24 10:16 | Report Abuse

red