Posted by MoneyMakers > 2021-07-02 17:00 | Report Abuse

Desperate genting trader stuck high in the house woopwoop

Posted by MoneyMakers > 2021-07-02 17:02 |

Post removed.Why?

Posted by GlovesOff > 2021-07-02 17:02 | Report Abuse

https://www.reuters.com/article/us-usa-humantrafficking-asia/forced-labour-main-human-trafficking-crime-in-malaysia-u-s-says-idUSKCN2E80H6?fbclid=IwAR009zjDwemFGNWJXd5M1zI1H_qkp59lsYEAUKDk9EMT4nBvWUn_HW_A5qw

Nah fresh from the oven from U.S. Secretary of State Antony Blinken

Posted by AdCool > 2021-07-02 17:05 | Report Abuse

GlovesOff https://www.reuters.com/article/us-usa-humantrafficking-asia/forced-la...

Nah fresh from the oven from U.S. Secretary of State Antony Blinken
02/07/2021 5:02 PM

“The sectors primarily where we see the greatest forced labour – which is the predominant form of the crime within Malaysia – includes on palm oil and agriculture plantations, in construction sites, in the electronics, garment and rubber product industries,” said Johnstone.

Im still waiting for ppl to sell down electronic, palm oil and construction but still no movement. IJM plant even up rm1 last month due to acquisition.

Posted by GlovesOff > 2021-07-02 17:05 | Report Abuse

@pjseow got time go yum ha cha w funds managers , sucb mgmt ... I already warned taipan back then w industry rumours ... dont just calculate till cow comes home

Posted by GlovesOff > 2021-07-02 17:07 | Report Abuse

It's the overall business sentiment ... where is our gov / hr minister???

Posted by strattegist > 2021-07-02 17:09 | Report Abuse

closed red

Posted by MoneyMakers > 2021-07-02 17:12 | Report Abuse

Local IB analyst alrdy said US almost finished stock-up gloves

Feel like CBP just waiting to slap MY glovers with another US export ban

Posted by invest_malaysia > 2021-07-02 17:16 | Report Abuse

US almost finished stock up gloves????

Posted by sharemarket21 > 2021-07-02 17:17 | Report Abuse

Investors ought to careful with potential news like these. This is something many have forewarned much earlier. Fund houses and institutional funds have obligations to meet certain investments criteria before investing into stocks or companies with some restrictions and potential setback. They can't just brush the news away. This includes they have to reduce their stakes so that it won't be backfired in the event the news is reliable and proven to be real one day. Just digest every piece of information here.

Posted by observatory > 2021-07-02 17:18 | Report Abuse

Wow. So many comments in the Supermax forum since I last visited!

I just thought of drawing attention to the recent CIMB Rubber Gloves sector report. CIMB analysts have done a great job in their research. This is the first time where I read Malaysian analysts doing a detailed breakdown on capacity expansion by not just in Malaysian but also overseas players.

In summary, based on published info, the Malaysia Top Four capacities will increase from 196 billion pieces p.a. from 1Q21 to 327 billion by 4Q23. This is about 67% increase over the next 11 quarters, or a CAGR of 20%.

The top three foreign players Sri Trang, Into and Bluesail are projected to expand from 51 billion as of end 2020 to 152 billion, or 198% growth over three years, or CAGR 44%. I note CIMB has excluded much of the aggressive growth plan announced by Intco.

But in Intco's place is Thailand Sri Trang which plans to grow from current 33 billion to 71 billion by 2023. In fact The Edge carried an article on Sri Trang in recent week where it plans to expand to 80 billion by 2024 and 100 billion by 2026. Currently expansion is already running in three of their Southern Thailand facilities.

As CIMB assumes demand growth at 10% per annum, the much faster growth in capacity if unchecked will result in a surplus. That’s why CIMB believes glove makers may have to delay their expansion. We shall see how the interplay of capacity expansion, ASP and profit margin play out in the coming quarters.

This is also why I prefer the most efficient players which will better withstand any possible industry shakeout while maintaining acceptable margin and profitability.

Posted by Beary > 2021-07-02 17:26 | Report Abuse

Diu.... did not manage to buy any today.

I heard singapore is considering to open up its economy 100% without any restriction.

That's exactly as I anticipated, countries cannot afford to lock down their economic sectors much longer.

Is this positive or negative news for gloves?

I Hope its negative lah so that my bidding price can be met next week haha.

Posted by MoneyMakers > 2021-07-02 17:34 |

Post removed.Why?

Posted by GlovesOff > 2021-07-02 17:36 | Report Abuse

Beary got so cha or not always miss your bids

Or chui sui only

Posted by invest_malaysia > 2021-07-02 17:42 | Report Abuse

Why don’t want buy today beary? That day you day want average up right. Now averaging down is a deal for you already. Not good ah

Posted by Beary > 2021-07-02 17:47 | Report Abuse

I queued to buy but didn't get.

invest_malaysia Why don’t want buy today beary? That day you day want average up right. Now averaging down is a deal for you already. Not good ah
02/07/2021 5:42 PM

Posted by Citadel666 > 2021-07-02 17:54 |

Post removed.Why?

Posted by Bullrunrun > 2021-07-02 17:54 | Report Abuse

Im from 4th floor. I will start buying next week

Thanks to RSS shorth 58 million shares

Posted by AdCool > 2021-07-02 17:54 | Report Abuse

In summary, based on published info, the Malaysia Top Four capacities will increase from 196 billion pieces p.a. from 1Q21 to 327 billion by 4Q23. This is about 67% increase over the next 11 quarters, or a CAGR of 20%.

The top three foreign players Sri Trang, Into and Bluesail are projected to expand from 51 billion as of end 2020 to 152 billion, or 198% growth over three years, or CAGR 44%. I note CIMB has excluded much of the aggressive growth plan announced by Intco.

All these expansion mean one thing, much better business for glove former supplier. Take a look at Esceram. Dont say I didnt ajak as Esceram has business in Malaysia and Thailand.

Posted by Citadel666 > 2021-07-02 17:55 |

Post removed.Why?

Posted by Citadel666 > 2021-07-02 17:56 |

Post removed.Why?

Posted by observatory > 2021-07-02 18:03 | Report Abuse

@Adcool, unfortunately the esceram idea was late by a year. The share price has gone up from RM0.1 to RM1 and now RM0.5. It seems to track glove stocks prices.

Posted by monetary > 2021-07-02 18:33 | Report Abuse

ff exodus. who is going push these elephants? even the smallest elephant 8.8B market cap

Posted by Robinhud > 2021-07-02 18:57 | Report Abuse

From rm 24 drop to rm 7.people call it long term investment.

Posted by MoneyMakers > 2021-07-02 19:25 | Report Abuse

Last year ‘longterm investment’
This year ‘longterm bad investment’
Next year ‘longterm worst investment’

** Pick want which year

Posted by Citadel666 > 2021-07-02 19:28 |

Post removed.Why?

Posted by GlovesOff > 2021-07-02 19:29 | Report Abuse

Where's your 9999 haha

Posted by GlovesOff > 2021-07-02 19:30 | Report Abuse

Gloves haven't issue press release if they're open ... if not operational lesser PAT ...

Posted by Glovefinishretard > 2021-07-02 19:33 | Report Abuse

Relax, gloves shortage will be kaw2 due to emco! Asp flybto the moon !!!

Posted by Glovefinishretard > 2021-07-02 19:34 | Report Abuse

Emco will be minimum 14days, but until when? Shortage kaw2 people die kaw2

Posted by invest_malaysia > 2021-07-02 19:40 | Report Abuse

Citadel9999 kena blocked? Haha

Posted by Citadel666 > 2021-07-02 19:49 |

Post removed.Why?

Posted by Citadel666 > 2021-07-02 19:49 |

Post removed.Why?

Posted by GlovesOff > 2021-07-02 20:07 | Report Abuse

@gfretard ~ so ...

with vaccine rollout & force labour, US will pay premium ASP this time because ...

Msia weak gov failed to nullify the pandemic, and enforce rds & rds of lockdown ...

hmmm no wonder you're stucked in gloves no business 101

Posted by pjseow > 2021-07-02 20:14 | Report Abuse

Citadel 666 , will you use 666 forever?

Posted by Citadel666 > 2021-07-02 20:15 |

Post removed.Why?

Posted by Citadel666 > 2021-07-02 20:16 |

Post removed.Why?

Posted by hondacrv > 2021-07-02 20:17 | Report Abuse

https://www.hlib.hongleong.com.my/Published/Download.ashx?ArticleId=17181&mode=view

Posted by Citadel666 > 2021-07-02 20:18 |

Post removed.Why?

Posted by pjseow > 2021-07-02 20:18 | Report Abuse

Citadel 666, This number 666 suit.you very much.

Posted by pjseow > 2021-07-02 20:21 | Report Abuse

Citadel 666 , this number match with your character very much.

Posted by kingkong99 > 2021-07-02 20:25 | Report Abuse

https://www.thevibes.com/articles/business/33223/rubber-glove-average-selling-prices-at-us67-us75-in-h2

Posted by pjseow > 2021-07-02 20:26 | Report Abuse

Citadel 666 , the Chinese is very particular about numbers, they like 888 , 999 , 828 or numbers which sound like bringing good luck , wealth or prosperity. Chinese dont like 444.

Posted by invest_malaysia > 2021-07-02 20:30 | Report Abuse

I know there’s dato seri use 4 as their car plates

Posted by Citadel666 > 2021-07-02 20:30 |

Post removed.Why?

Posted by pjseow > 2021-07-02 20:39 | Report Abuse

Citadel 666 , You were banned with 8888, 9999, 12 and 1688 right.? That means these 4 numbers are not suitable for you . I.feel very.strongly 666 is beautiful number for you.
.Very ""NGAM" " in cantonese. Hope.i3 wont.ban this number.
-----------------------------------------
Citadel666 I got 8888, 9999, 12 ,1688,
02/07/2021 8:30 PM

Posted by Citadel666 > 2021-07-02 20:40 |

Post removed.Why?

Posted by pjseow > 2021-07-02 20:43 | Report Abuse

I think.the Caucasians , Malays and Indians dont mind the number 4 but Chinese dont like. The caucasians.also dont like 13. I think 666 is beautiful number for Citadel.
---------------------------
invest_malaysia I know there’s dato seri use 4 as their car plates

Posted by monetary > 2021-07-02 20:52 | Report Abuse

For your information. UK no. of tested positive the past 7 days is 146,360. The hospital admission for the past 7 days is 1735. Only 1.18% infected patients are admitted to hospital. I m not sure if these patients get medication from pharmacy or visit any practitioner. How does it boost usage of medical glove?

Posted by Mr.Sm Invest123 > 2021-07-02 21:41 | Report Abuse

马来亚投行称金发女朗幸福日子结束
风光不再大幅调低手套股目标价格
02/07/2021

手套业＂金发女郎幸福日子＂不再有？马来亚投资银行指出，手套平均售价（ASP）在今年上半年＂触顶＂，随新冠疫苗接种率提高，售价开始滑坡，手套股最风光日子一去不复返。

马来亚投行最新报告指出，手套集团盈利上涨趋势出现掉头，因为手套平均售价滑跌的速度，比预期更快。

「平均售价滑跌，意味手套集团盈利滑跌，主要是受供应大幅增加，疫苗接种率提高，以及行业竞争激烈，最风光的日子不再有。」

该行分析员指出，手套集团更面对全球环境，社会及监管标准的压力，估值会因此滑落。

贺特佳(HARTA 5168)最近向分析员举行汇报时透露，手套平均售价在下个月会进一步滑跌。

根据一家国际会计楼报告指出，丁腈手套平均售价将在2023年时下跌52%至59%之间，每1000只手套售价是35美元至20美元之间。相比目前的每1000只手套US$85/US$42.70。

马来亚投行调低高产柅品（KOSSAN）和顶级手套（TOPGLOVE）评级至＂观望＂，不过维持贺特佳（HARTA）的＂买进＂评级。

该行将贺特佳目标价由RM13.10调低至RM9.80，高产柅品目标价格由RM5.25调低至RM3.20。

顶级手套目标价格也由RM4.51调低至RM3.98。

高产柅品股价今午报RM3.11，顶级手套报RM4.03，贺特佳报RM4.02。