Careplus has a huge market in Brazil. In Brazil, the new cases have just been increasing and remaining at 75K new cases for weeks and months. That is why Careplus PAT was huge and will remain huge for many many quarters. In fact since Covid 19 is endemic (never ending), this is going to be the new norm especially with all the new variants.
The demand for glove now is driven by mass vaccination. New pair for every dose of vaccine. This is the new norm in the USA, Europe, Australia, Malaysia, Indonesia, India, etc, etc. Also with the many new variants, Covid 19 is endemic (never ending). So booster jabs annually. So the demand for gloves will continue forever and the supply will only lag.
Many gloves may not have FDA approvals like the Malaysian gloves. Yes, you can buy them at Lazada, Shopee, etc at discount but the medical sector will only buy glove that are FDA approved. Its like you buying Rolex / Swatch / Nike / Addidas in Chow kit and Petaling Street.
but why the industry's PE is so low. applies to glove manufacturers. we bought based on what we believed the true value of the shares. but it is disappointing
Its new norm for most countries especially USA, Europe, Australia, India, Indonesia, etc, etc to use new glove for each vaccination. New variants are now airborne and easily transmittable even by touch and contact. So this is to prevent the medical staff and the patient. New glove for every vaccination dose.
tomorrow expected bursa 800 counter will red, stay away from tech stock and focus buy health and glove stock like careplus, pharma, or adventa for safety
This counter is really a bad one.Mgmt talk about listing in Main Board, but not doing anything to show confidence to investors. If it does go to main board, this counter will be a pariah stock!!
It is like small boys acting like big man! Useless.. Same observation with HLT.
Guys, put down a while ur glove counter, so that u can leverage down in future, the company is still nice from the account & balance sheet. Come joint the party in Pharmaniaga, vaccine is trending now! u can contra ur lost in glove by earning in pharma. Later ur can average down using ur earning from Pharma. Ride the vaccine trend like ur ride the Glove trend previously! Cheerlaaa Bro!!
current bursa just like casino, cannot predict which stock will up or down, all depend to shark want play which stock, rubbish stock also can limit up, very disappointed to bursa
(Jun 1): Top Glove Corporation's plan to list in Hong Kong to raise up to $1 billion has been delayed as the world's largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said.
The Malaysian firm, which is already listed in Kuala Lumpur and Singapore, flagged in late April it would sell 793.5 million shares in the listing, half what the company proposed in its application to the Hong Kong Stock Exchange in February.
However, the deal has stalled as the company awaits indications from U.S. Customs and Border Protection (CBP) on whether an imports ban would be lifted any time soon, the sources said.
Top Glove did not respond to a request for comment. The sources could not be named as the information was not yet made public. 01/06/2021 1:32 PM X shearer202 Last hope for glove counter also demolished by the news of hk ipo ! Afternoon waterfall !
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ProsperousRealm
2,775 posts
Posted by ProsperousRealm > 2021-05-30 21:42 |
Post removed.Why?