Posted by Citadel9999 > 2021-07-04 14:36 |

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Posted by ToneeFa > 2021-07-04 14:44 | Report Abuse

@Citadel9999 haha see u are the one I am talking about stupeed tunafa
04/07/2021 2:35 PM

If u think this forum tak boleh pakai, why u keep pakai? So don't tokok la and better make sure u don't lose ur balls.

Posted by Citadel9999 > 2021-07-04 14:45 |

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Posted by Citadel9999 > 2021-07-04 14:46 |

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Posted by myinvestor > 2021-07-04 14:47 | Report Abuse

KUALA LUMPUR: Malaysian glove manufaturers are under "tremendous" pressure from their global clients following the reinforcement of Emergency Movement Control Order (EMCO) in Selangor.

Hence, the Malaysian Rubber Gloves Manufacturers Association (Margma) has sought a meeting with International Trade and Industry Ministry to allow the sector to operate during EMCO.

Margma president Dr. Supramaniam Shanmugam said 58 per cent of all gloves produced in Malaysia came off the glove manufacturers in Selangor.

Medical examination gloves and face masks were essential personal protective equipment (PPE) highly required by countries especially in the pandemic season to fight against the spread of Covid-19 and other diseases.

"Since the government's announcement on the EMCO in Selangor, global customers of our manufacturers have been calling with great concern on shortage of production and delivery of gloves to them.

"Our members are under tremendous pressure from global hospitals and healthcare workers as the pandemic has now evolved into another variant," Supramaniam said in a statement today.

Margma said its members were exporting gloves to 195 countries, adding that they played a big role in humanity response as the largest producer of gloves as a medical device with 67 per cent supply of global consumption.

"Our members have been supportive of the government's effort to fight the spread of Covid- 19 pandemic and have been coping with the 60 per cent ordinance in the third edition of Movement Control Order (MCO 3.0) to ensure no severe shortage of this important PPE supply to the world."

Though lead times on delivery had been stretched slightly longer, he said it was still manageable. However, EMCO would further hamper the supply situation.

"We are urgently appealing to the government to allow these glove factories to continue to operate while adhering to strict standard operating procedures (SOPs)."

Margma said global demand for gloves in 2021 was expected to remain at 420 billion pieces with 13,318 pieces used every second around the world.

"Demand growth will be expected at 15 per cent to 20 per cent growth for next year," Supramaniam said.


https://www.msn.com/en-my/money/topstories/malaysian-glove-producers-under-tremendous-pressure-from-global-clients-following-emco/ar-AALKpkO?ocid=msedgntp

13,318 pieces used every second. The world usage of gloves is so high.

Posted by MoneyMakers > 2021-07-04 14:47 |

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Posted by ToneeFa > 2021-07-04 14:50 | Report Abuse

@MoneyMakers Tonee No need blame RSS..thats just how markets work

Wait coming QR profit 500Mil..will see Supermx much2 cheaper nxt month
04/07/2021 2:44 PM

MM, yaya I don't expect you to blame your paymasters, that's just how the scammers work, cause shorties have the license to "legally" manipulate the price at their whims and fancy and use various anal-lease to do their biddings. Be interesting to see the scenario once RSS is suspended. See if the price will continue to drop yam tik yam tik or not. See whose illusion will come true.

Posted by ToneeFa > 2021-07-04 14:54 | Report Abuse

@MoneyMakers Tonee No need blame RSS..thats just how markets work

Wait coming QR profit 500Mil..will see Supermx much2 cheaper nxt month
04/07/2021 2:47 PM

Haha...500mil next QR. U better prepare to chop ur kuku and rename to MommyHomeMaker.

Posted by ToneeFa > 2021-07-04 14:57 | Report Abuse

@Citadel9999 must be so stresse watching price drop everyday right
04/07/2021 2:46 PM

Citadel-seikau, u better stop thinking with ur balls, since u only have 1/3 access to it. Just take ur own advice when u said this forum tak boleh pakai, otherwise u a just a koktoker.

Posted by MoneyMakers > 2021-07-04 14:59 |

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Posted by Beary > 2021-07-04 15:25 | Report Abuse

The caller on the Chinese talk show could be any one of the chickens here.

dead dog citadel 9999? glovefinish? glovesoff? moneymakers? investmalaysia?

I am sad for him but this is reality of life lah.

Sifus see fools, fools and his money parted ways.

Next time use your brain like Beary lah ok?

Use your common sense and imaginations.

Posted by ToneeFa > 2021-07-04 15:28 | Report Abuse

https://www.msn.com/en-my/money/topstories/malaysian-glove-producers-under-tremendous-pressure-from-global-clients-following-emco/ar-AALKpkO?ocid=msedgntp

"Our members are under tremendous pressure from global hospitals and healthcare workers as the pandemic has now evolved into another variant," Supramaniam said in a statement today.

Margma said its members were exporting gloves to 195 countries, adding that they played a big role in humanity response as the largest producer of gloves as a medical device with 67 per cent supply of global consumption.
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The impact of Delta variant has made the shortage of gloves become acute once again putting tremendous pressure on our glove makers. Which other industry in MY that can say they are producing 67% of global supply and play a big role in saving humanity? Therefore the Gov't should do all it can to assist the industry.

Posted by GlovesOff > 2021-07-04 15:31 |

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Posted by GlovesOff > 2021-07-04 15:32 |

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Posted by Beary > 2021-07-04 15:32 | Report Abuse

https://www.msn.com/en-my/money/topstories/malaysian-glove-producers-under-tremendous-pressure-from-global-clients-following-emco/ar-AALKpkO?ocid=msedgntp

My imagination already saw that coming.

Will it cause the ASP to rise and lead time to increase?

Will it cause another round of panic order?



Jul 1, 2021 4:08 PM | Report Abuse

My imagination just told me that the 60% production capacity due to lock down will create another supply bottleneck.

You think that is good or bad for ASP?

Posted by GlovesOff > 2021-07-04 15:34 |

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Posted by Beary > 2021-07-04 15:34 | Report Abuse

Tradeview is a hardcore glove promoter lah chicken

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Posted by GlovesOff > Jul 4, 2021 3:32 PM | Report Abuse

From Tradeview

Newbies careful for reflags from those snake oil salesman mentioned SAILANG ...

Posted by GlovesOff > 2021-07-04 15:36 |

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Posted by MoneyMakers > 2021-07-04 15:37 |

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Posted by ToneeFa > 2021-07-04 15:39 |

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Posted by GlovesOff > 2021-07-04 15:41 |

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Posted by invest_malaysia > 2021-07-04 15:45 | Report Abuse

Pity the tour guide. Hope SC will take action against tyxxp and gang

Posted by ToneeFa > 2021-07-04 15:52 | Report Abuse

@GlovesOff From Tradeview

Newbies careful for reflags from those snake oil salesman mentioned SAILANG ...
04/07/2021 3:32 PM

The guy who call DJ CF has made a big mistake by gambling all his money. He cannot blame anyone for not thinking straight and blindly follow those fake sifus. But anyway, we can still help ppl like him by signing the petition to suspend RSS. At least the market can recover a bit and allow him to exit with less loss.

Posted by GlovesOff > 2021-07-04 15:54 |

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Posted by GlovesOff > 2021-07-04 15:58 |

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Posted by invest_malaysia > 2021-07-04 15:59 | Report Abuse

Aiyoyo, who’s going to take 280b of extra gloves? Maybe you guys can suggest people to wear two gloves at once la kikiki

Posted by GlovesOff > 2021-07-04 16:02 |

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Posted by pjseow > 2021-07-04 16:04 | Report Abuse

The shortages of gloves caused by our EMCO in Selangor will create another supply crises like last year. The explosive Delta Variants spreading like fires in US and other countries will further excerbate the acute shortages . The second half ASPs. might not drop as projected but may stay put or even rises further . These.shortages will resemble the chip or semicon shortages which impacted the car.industries for 6 months already.

Posted by GlovesOff > 2021-07-04 16:07 |

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Posted by GlovesOff > 2021-07-04 16:12 |

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Posted by pjseow > 2021-07-04 16:27 | Report Abuse

GloveOff , Dont pain such a gloomy picture as though today situation is worst than the asian financial crisis which created havoc in Thailand, Indonesia, South Korea ,Malaysia and other asian countries. Indonesia , Korea and Thailands were forced to borrowed from IMF at high interest rates. Indonesia had massive riots. South Koreans has to donate gold to save the countries. Thailand property developer went bankrupt and has to earn.a living selling sandwiches. Malaysian government has to form Danaharta to buy up NPL from all banks so that they wont go bankrupt. The scale of 1998 financial.crises are.far far greater than today.
In any crisis.危机 , there is opportunity. All these countries recovered gradually . In 2000 , most recovered. Many who went in and bought good profitable stocks made.a few x in 2000. Well , it is your right to have your own opinion. I respect that. I am an optimist and I see opportunity whenever there is a big big dip be it.in.1998 , 2008 or March of last year.

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GlovesOff @Pjseow let me put to you , gloves today is unlike before so it is wrong to blindly follow the bosses or buy a sector even at a 70-80% discount . There is a reason why Funds left .
1. Oversupply - China and New players NEVER venture into gloves before pandemic
2. Big 4 never faced CBP & Sec of State blacklist (to me this is giant killer)

True investor knows how to accept loss and exit , cannot simply quote 1998 buying discounted blue chips , it's not apple to apple comparison .
04/07/2021 4:07 PM

Posted by ToneeFa > 2021-07-04 16:30 |

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Posted by invest_malaysia > 2021-07-04 16:38 | Report Abuse

Maybe people want kena tyxxp now

Posted by ToneeFa > 2021-07-04 17:01 | Report Abuse

@MoneyMakers World’s largest producer @ TG not even receiving any spot orders..nobody in glove rush anymore..US alrdy fully stockpile

If MY cannot fulfill orders, will lose customers to other producers

Any temporary ASP freeze wont benefit MY glovers b’coz no sales..once MY glovers reenter market, ASP continue drop + lose existing customers
04/07/2021 4:30 PM

MM, u really have this narrow minded view of wanting to see total destruction to the most important industry in MY. We Msian should be proud of our world best glove producers. Don't be so black hearted always wishing for the total collapse of our glove industry. U may not realize but u r committing treason against ur country with such wish.

Posted by awesome20 > 2021-07-04 17:09 | Report Abuse

gloves gogogo

Posted by ToneeFa > 2021-07-04 17:20 | Report Abuse

https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?signed=true

Glove supporters, quickly get more support for this petition. Once Bursa decides to suspend RSS, we will see a gap up immediately. Let's not be taken for further rides by the short sellers during this pandemic. Go all out get the RSS suspended. Share to everyone you know to get their support. Current signatures is at 1962. A bit more to go to hit 2500!

Posted by Mr.Sm Invest123 > 2021-07-04 17:25 | Report Abuse

Tomorrow 2.50

Posted by GlovesOff > 2021-07-04 18:00 |

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Posted by Bullrunrun > 2021-07-04 18:18 | Report Abuse

RSS shorted 58 million shares

I will continue to buy more.

Cash in hand per share RM 1.40 and its production increased by 20% every years

Posted by ToneeFa > 2021-07-04 18:20 | Report Abuse

@GlovesOff See beat around the bush yet NEVER answer my questions.
04/07/2021 6:00 PM

And yet you dare not reply to my answers which doesn't beat around the bush.

Posted by RainT > 2021-07-04 18:33 | Report Abuse

some people still buying

.

despite all IB says gloves seem to bankrupt soon

.



.

.

Posted by ToneeFa > 2021-07-04 18:35 | Report Abuse

https://edition.cnn.com/2021/07/04/politics/delta-concerns-cloud-biden-july-4-celebrations/index.html

Biden's Fourth of July celebrations clouded by a gnawing concern over the Delta variant of Covid-19.

Posted by pjseow > 2021-07-04 18:47 | Report Abuse

Tonnefa had answerrd your questions. You can give your comments to him. If.you think.the CBP.is.such a big killer , then the share prices of plantations sectors , semicon.sector should also come down more than 60 % since US.are investigating.Sime, FGV and IOI now . Later they may investigate the labour intensive semicon sectors which also employ thounsands of foreign.labour also. If this is your macro view, might as well sell.all local stocks now and keep as cash. Wait for the stocks to tumble from the current 1550 to less than 500 .


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GlovesOff See beat around the bush yet NEVER answer my questions.

Share price drop so much not gloomy enough hehe

Posted by MoneyMakers > 2021-07-04 20:11 |

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Posted by GlovesOff > 2021-07-04 20:28 |

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Posted by GlovesOff > 2021-07-04 20:35 |

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Posted by GlovesOff > 2021-07-04 20:38 |

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Posted by GlovesOff > 2021-07-04 20:47 |

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Posted by invest_malaysia > 2021-07-04 20:53 | Report Abuse

Aiyo glove makers really trouble makers

Posted by Ahmadahmad88 > 2021-07-04 21:00 | Report Abuse

Post got deleted afterwards.