Glove supporters, quickly get more support for this petition. Target 10,000 signature. Once Bursa decides to suspend RSS, we will see a gap up immediately.
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
The good news (for investors at least) is that Carepls is not affected by the recent EMCO shutdown of gloves in Selangor. Their operations are in N9 (which I'm sure everyone here knows) and one of their recent capex was in their worker accommodation. As it's newly acquired during COVID season, I hope that they're safer than the poor quality accommodation that some of the other glove-makers are famous for.
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....
stattegist
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Posted by stattegist > 2021-06-29 14:34 | Report Abuse
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