Posted by pjseow > 2021-07-14 22:53 | Report Abuse

The windfall will not necessarily imply special taxes on glove makers only. The pandemics are causing shortages on semicon chips , palm oil and other products also which drive the ASPs higher. Semicon chips and palm oils prices are at record high . Even banks make record profits from moratarium. Assuming you borrow 1 million and 30 years to fully pay up. Now with moratarium of one year, your total loan plus interest of 4 % per annum will end up 1.04 millions one year later. You need more than 30 years to finish your loan or your monthly payment need to be increased slightly so that you can still finish paying your loan.in 30 years. Government should impose windfall tax on.banks which make billions every year.?

Posted by Boston > 2021-07-14 22:55 | Report Abuse

What’s happening?? RSS in supermax , epf unloading TG and Harta. Maybe the long term strategy someone once reminded me about these gloves counters is to sell into strength.

Posted by ToneeFa > 2021-07-14 22:56 | Report Abuse

Yup it should be across the board. 3-5% should be reasonable for this pandemic period.

Posted by Geek2020 > 2021-07-14 22:57 | Report Abuse

https://www.astroawani.com/berita-malaysia/seluruh-negara-dijangka-masuk-fasa-2-ppn-awal-ogos-ismail-sabri-308452

Because of this.. vaccination rate will bring down hospitalization dramatically here too. Judging by US and UK experience

Posted by observatory > 2021-07-14 23:16 | Report Abuse

As an ex-banker, surely Tengku Zafrul knows a windfall tax may not worth the long term damage. However, political consideration often trumps rational economic thinking, especially for a weak government that lacks mandate and is currently under assault from all directions.

Recall it wasn’t too long ago that Tengku Zafrul wrote in The Edge on why another round of loan moratorium was unnecessary. All Malaysian banks have already been providing targeted loan assistance. He rightly questioned why provide a blanket moratorium given some businesses and individuals don't need it.

But as opposition politicians including the former PM Najib made noises, coupled with the fact that many banks reported very good Q1 profits, the current government caved in soon after. That was how Tengku Zafrul had to eat his words and we got another round of moratorium. In a sense the banks could now claim to have performed their second round of “national service”.

The same could have happened to the glove sector again. I fully agree the glove industry including its supply chain has created many jobs and contributed handsomely to the national coffer. However, beyond their shareholders and staffs, the general sentiment towards glove companies isn’t friendly. Not just among ordinary folks but the media too. Malaysian politicians are only too clever to exploit such populist sentiment. After Nazir Razak, Jomo and Mahathir, more could jump on this bandwagon.

However, a windfall tax may still be avoided. As a compromise, glove companies may be “persuaded” to provide a second round of “voluntary” contribution.

If that were to happen, it’s better to happen now than later. The stock market hates uncertainty. As long as this talk about windfall tax keep surfacing from time to time, it will be like the sword of Damocles hanging over glove share price as no one knows whether it could cost tens of millions, hundreds of million or even more.

Posted by Solomon7 > 2021-07-14 23:30 | Report Abuse

Instead of windfall tax, a tax relief for each dollar contribution is more meaningful.

Posted by Geek2020 > 2021-07-14 23:45 | Report Abuse

Agree. Current government will need Mahathir’s Pejuang 5 to keep the government intact.

Posted by farisfx54 > 2021-07-15 00:34 | Report Abuse

Saya tk setuju dgn windfall tax sudah cukup byr cukai berganda2 kali apa lagi mahu org kerja kuat2 dia nk senang2 kutip je lain kerja tk de bila glove comp ada masalah tk nk tlg what the shame don't want to work but forcing comp to give donation sama mcm licence robbers

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

Said Sadik was d 1st one to suggest windfall tax for gloves.Now Toon Aim again. Both was shoot down by PN gomen.Glove is not a commodity, hence not eligible for 'anginfall' takes(windfall tax).

Posted by linheng > 2021-07-15 05:50 | Report Abuse

Next Budjet is Oct. If ASP Fall, got Windfall also get not much. If ASP maintain, get windfall tax also nevermind. Any TDM is never going to be PM. Can only try to show his face only.

Posted by Jack Khan > 2021-07-15 07:09 | Report Abuse

kita sini cakap shj apa guna? Orang yang berkuasa nak duit kita shj.

Posted by monetary > 2021-07-15 08:19 | Report Abuse

It could be knee jerk reaction due to temporary closure of factories. The middle man take opportunity to reap higher profit but not sustainable when factories reopen. I don't think glove producers can benefit much from it since most of their sales are B2B.

ToneeFa @monetary check lazada n shopee nitrile medical glove price. they raised the asp alrdy.
14/07/2021 8:32 PM

The way Delta is ferociously infecting every country around the world, the medical gloves shortage will be so severe that ASP may rise even more than the previous waves. This time gloves will really be diamond.
14/07/2021 8:44 PM

Posted by UPlanet > 2021-07-15 08:24 | Report Abuse

Omg! UK 42k, US35k, Indo 54k!!! God bless us!!!

Posted by MoneyMakers > 2021-07-15 08:24 |

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Posted by xiaomixiaohai > 2021-07-15 08:34 |

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Posted by lamdba > 2021-07-15 08:58 | Report Abuse

Singapore and UK have decided to live with Covid. That means demand for gloves and masks will continue. Imagine, will you let your children without masks? Do you prefer hospital staff to always wear glove for injection? Time to buy in!!

Posted by Bgt 9963 > 2021-07-15 09:04 |

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Posted by Beary > 2021-07-15 09:05 | Report Abuse

Diuu...why no gap down???

Thought got chance to average down more.

SIGH.....

Posted by myinvestor > 2021-07-15 09:08 | Report Abuse

The implementation of a windfall tax on companies that are making money is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

Posted by MoneyMakers > 2021-07-15 09:21 |

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Posted by MoneyMakers > 2021-07-15 09:21 |

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Posted by imvu > 2021-07-15 09:29 | Report Abuse

senang je jadi jutawan . sapa kata susah stock market .

Posted by imvu > 2021-07-15 09:29 | Report Abuse

buy low sell high . simple .

Posted by monetary > 2021-07-15 09:35 | Report Abuse

has to break 3.38

Posted by GloveShortDIE > 2021-07-15 09:35 | Report Abuse

MoneyMakers's posting pushes SPX higher ...hahaha

Posted by imvu > 2021-07-15 09:36 | Report Abuse

minggu ni candlestick hijau .. , minggu depan candlestick hijau .. , bulan ni candlestick hijau gap up limit up .

Posted by imvu > 2021-07-15 09:37 | Report Abuse

ekor minggu ni sudah siap .. tinggal nak buat candlestick hijau gap up limit up .

Posted by ooi8888 > 2021-07-15 09:38 | Report Abuse

he sees glove going up no mood already, hati busuk orang.

Posted by ket4212 > 2021-07-15 09:42 | Report Abuse

lai liao lai liao have surprize

Posted by FairTalk > 2021-07-15 09:46 | Report Abuse

Wow, from the following input glove price already increased.

Congratulations to all the shareholders.

Regards
_______________________________________________________________

Posted by monetary > Jul 15, 2021 8:19 AM | Report Abuse

It could be knee jerk reaction due to temporary closure of factories. The middle man take opportunity to reap higher profit but not sustainable when factories reopen. I don't think glove producers can benefit much from it since most of their sales are B2B.

ToneeFa @monetary check lazada n shopee nitrile medical glove price. they raised the asp alrdy.
14/07/2021 8:32 PM

The way Delta is ferociously infecting every country around the world, the medical gloves shortage will be so severe that ASP may rise even more than the previous waves. This time gloves will really be diamond.
14/07/2021 8:44 PM

Posted by MoneyMakers > 2021-07-15 09:47 |

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Posted by UPlanet > 2021-07-15 09:49 | Report Abuse

https://finance.yahoo.com/news/disposable-gloves-market-size-reach-160000963.html

Posted by GloveShortDIE > 2021-07-15 09:52 | Report Abuse

Wow MoneyMakers still here, I thought you already jumped from KLCC

Posted by Goldberg > 2021-07-15 09:54 | Report Abuse

Disposable Gloves Market Size to Reach Revenues of USD 32.24 Billion by 2026 - Arizton
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Thu, July 15, 2021

The global disposable gloves market is expected to grow at a CAGR of over 10.84% during the period 2020−2026.

COVID-19 impacted the disposable glove market positively, the demand skyrocketed during the pandemic. Many vendors are already filled with the orders for 2020, and 2021. The vendors are working with full capacity continuously to supply the orders. Due to the pandemic and the global lockdown, there is a huge shortage of raw materials, which is increasing the cost of disposable gloves in the market.

Demand is set to surge further with the worldwide spread of the nasty Delta Variant.

Posted by MoneyMakers > 2021-07-15 09:56 |

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Posted by Rockers > 2021-07-15 09:58 | Report Abuse

Slowly n surely going up

Posted by ToneeFa > 2021-07-15 10:00 | Report Abuse

This morning green is good sign that glove may have finally reversed the downtrend for the moment. However, continue to be cautious. Don't chase high or contra play. Supermax retailers/supporters should contunue to hold tight tight and don't let go cheap cheap. The long hauler can slowly nibble the shortists shares up, buy and keep, slowly short squeeze them. Don't cut loss or earn nasi lemak profit, but collectively hold for >5.0.There's so much to look forward to as below:

1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. potential FF coming in to average down their investment
3. potential good dividend reward for end FY21, so much earnings to distribute. Better than FD
4. potential OGM deals updates, with coming wave the urgency for strategic supply chain will be
higher.
5. potential US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
6. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
7.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, and infect wider demographics of the population, therefore glove demand from these new markets will be exponential.

With FPE of 2.5 at current price, there's nothing much too lose. Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits

Posted by MoneyMakers > 2021-07-15 10:00 |

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Posted by Anaconder > 2021-07-15 10:01 | Report Abuse

Highly oversold, strong buy now

Posted by ooi8888 > 2021-07-15 10:02 | Report Abuse

Hi MoneyMakers good morning, can I ask you a question?

Posted by MoneyMakers > 2021-07-15 10:06 |

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Posted by MoneyMakers > 2021-07-15 10:07 |

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Posted by Sansing > 2021-07-15 10:10 | Report Abuse

What company make billions per year ? From here u know what to invest.