According to Malaysian Rubber Glove Manufacturers 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
Last round the support was RM2.80 and it shot up to abt RM3.76. This round the support is likely to be RM3.00 and it is likely to hit RM4.00 before the qyrly results are released which will be within next 4 weeks.
Many investors believe in what JPM wrote on declining demand for gloves. Let it be. Don't lose sleep over this. With another 5 qtrs of consecutive increases in profits, surely the investors wld realise that the pic painted was grossly incorrect.
Surely Top Glove knows what they are doing before increasing their production capacity to 91 bil units per annum..
It would help to keep their share prices up if glove companies offer both bonus shares plus improved dividends at this crucial time.
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....
RiverOfSilver
2,833 posts
Posted by RiverOfSilver > 2021-01-20 17:07 | Report Abuse
Oh dear