Posted by MoneyMakers > 2021-07-29 10:01 |

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Posted by xiaomixiaohai > 2021-07-29 10:02 |

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Posted by glovefinish > 2021-07-29 10:12 |

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Posted by glovefinish > 2021-07-29 10:14 |

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Posted by glovefinish > 2021-07-29 10:15 |

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Posted by LossAversion > 2021-07-29 10:19 | Report Abuse

The true further growth of Top Glove can only be realized if one sees the stock as "vaccinated" and disassociate its growth from covid blues.

Posted by glovefinish > 2021-07-29 10:23 |

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Posted by Jonathan Keung > 2021-07-29 10:26 | Report Abuse

On paper gloves should be trending higher with the new Delta infection strain

Posted by glovefinish > 2021-07-29 10:29 |

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Posted by glovefinish > 2021-07-29 10:32 |

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Posted by lamdba > 2021-07-29 10:33 | Report Abuse

Totally agree. Health awareness is the key here. Once countries open up, precaution measure will increase be it individually or regulated.
At that time, demands will surge
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LossAversion The true further growth of Top Glove can only be realized if one sees the stock as "vaccinated" and disassociate its growth from covid blues.

Posted by xiaomixiaohai > 2021-07-29 10:39 |

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Posted by Dannyfyl88 > 2021-07-29 10:50 |

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Posted by lamdba > 2021-07-29 10:52 | Report Abuse

Good news for Malaysia gloves
https://www.klsescreener.com/v2/news/view/860109

Posted by lamdba > 2021-07-29 10:56 | Report Abuse

Why would I need it to be back to KLCI? The fact that it is earning billions, and potentially still earning few hundred millions per quarter is enough for me to continue investing.
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xiaomixiaohai Supermax was kicked out of KLCI....u still dreaming glove for it?

Posted by EatCoconutCanWin > 2021-07-29 11:32 | Report Abuse

Fight to tp 5. Gogo

Posted by EatCoconutCanWin > 2021-07-29 11:33 | Report Abuse

Boss daily covid19 cases rise. Asp increase 5% . Goreng time

Posted by MoneyMakers > 2021-07-29 11:36 |

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Posted by MoneyMakers > 2021-07-29 11:36 |

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Posted by EatCoconutCanWin > 2021-07-29 11:41 | Report Abuse

Covid19 cases become epidemic from pendemic. Is worst than Spanish fly 1960. Which 500 negara impact. Don't play play. Glove is essential n keep increase orders. Some more obm. TP 5 not a problem. Fight fight

Posted by siulan_dion > 2021-07-29 11:44 |

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Posted by yclai118 > 2021-07-29 11:46 | Report Abuse

drink warm water will do

Posted by hng33 > 2021-07-29 11:50 | Report Abuse

Glove making have very low entry barrier, many exiting and. New. Comer from China, Thailand manufacturer have increase production volume at fastest speed than in Malaysia. The increase in production volume is at billion glove court, which is more than enough to cover resurgent in infection testing

Posted by EatCoconutCanWin > 2021-07-29 11:55 | Report Abuse

Yes. China is making but one thing to know is products quality not quantity. OBM is the best choice for quality of preventing covid19.

Posted by Benhobenhobenho > 2021-07-29 12:00 | Report Abuse

Some hidden hands are pressing down the prices, just hold. Cannot remain low forever as long as company continue to make high profits

Posted by lossmax > 2021-07-29 12:01 |

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Posted by EatCoconutCanWin > 2021-07-29 12:07 | Report Abuse

Topglove factory impact by emco. Gloves begin shortage.

Posted by Start_0f_the_bull > 2021-07-29 12:12 | Report Abuse

Wow! Fund managers know better than Supermax 's directors. Like that who follow them sure win. Ha ha

Posted by hng33 > 2021-07-29 12:22 | Report Abuse

When ASP is uptrend, supermax OBM model is the first to catch up positive hike impact, and grab 2 source of income from distributions and manufacturing.

Wonder what will impact on supermax when ASP start to downtrend!?

The logic will be, supermax distribution division will start hit negative impact due stockpile loss. Supermax manufacture will still record profit but at lower ex-factory selling price.

Posted by Benhobenhobenho > 2021-07-29 12:36 | Report Abuse

Wow! So many experts in glove business here. Seemed they know better than the bosses n founders of glove company.

Posted by pjseow > 2021-07-29 12:51 | Report Abuse

hng33, Supermx started its change of business model in March 2020 by eliminating middlemen like dealers , agents , brokers and sell direct to final customers. The acute shortages had enabled supermx to do the above and also reduce the.OEM % from 30 to 2 and also increase the sales through its own distribution channels from 40 to 58 %. These were the changes which enabled.supermx to deliver.higher revenues , profit.margins and earnings for the last one year. This change was real, solid and tangible changes . By how much supermx distributors need to.adjust the ASP.depends on the markets which.comprises many other independent distributors. In my opinion, supermx distributors will not invite the middlemen to come.back.and.share their margins after post pandemics. Once supermx had built up the relationships and channels , there is no reason for supermx to bring back these middlemen.

Posted by pjseow > 2021-07-29 12:53 | Report Abuse

hng33, you can.find such changes in 2020 End June Quarterly Report .

Posted by MoneyMakers > 2021-07-29 12:58 |

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Posted by MoneyMakers > 2021-07-29 12:59 |

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Posted by Sunyata > 2021-07-29 13:14 | Report Abuse

Why u trying to short 6 more days issit? So another 6 more days only buy then rocket ya?

Posted by hng33 > 2021-07-29 13:35 | Report Abuse

Hi pjseow

Supermax OBM model and get rid of middleman agent render it to direct exposure in the event ASP downward. There will no middleman agent to absorb stockpile loss

Posted by AdCool > 2021-07-29 13:55 | Report Abuse

Just wiat for QR and see lah if ASP is really down, if really lot of new entries, if really Supermax biz is no longer viable, etc. Just need to wait another 2 weeks.

Posted by pjseow > 2021-07-29 13:58 | Report Abuse

hng33, supermx distributors sign contractual agreements with customers with ASP and volumes ahead of production. The.factory will produce based on orders qty and contractual.delivery lead times from.customers. The questions of stockpiles should not arise.

Posted by pjseow > 2021-07-29 14:04 | Report Abuse

hng33 , you just treat supermx.distributors like Grab Food Delivery. Only when customers place orders from.Grab food., then Grab will place an order from the Food sellers. Grab Food wont stockpiles any food .

Posted by mf > 2021-07-29 14:17 | Report Abuse

BERITA UTAMA
Gesaan letak jawatan muncul selepas istana dukacita
Kerajaan mula berdepan tekanan selepas Agong dukacita dengan menteri undang-undangkerana mengelirukan dewan dalam isu pembatalan ordinan darurat.

48 minit lepas

Posted by mf > 2021-07-29 14:26 | Report Abuse

Kecoh di parlimen, MP jerit 'derhaka'

Diterbitkan 29 Jul 2021, 2:17 pm
Dikemaskini 2:18 pm
A+
A-
PARLIMEN | Dewan Rakyat menyaksikan gema suara ahli parlimen yang menjeritkan kata "derhaka" selepas kenyataan Istana Negara memaklumkan Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah bertitah "amat dukacita" dengan pembatalan Ordinan Darurat.

Posted by hng33 > 2021-07-29 14:27 | Report Abuse

pjseow, glove is export through seaborne, bulk container batch by batch, travel time need month before it reach distribution center and end user.

In previous up ASP up cycle, supermax distribution division take instant advantage to mark to market price, resulted, supermax distribution division contribute as high as 70% of supermax earning, with balance from manufacturing division. If you check recent last 2Q result, supermax distribution division contribution ratio is on downward to 35%, with balance from manufacturing division as ex-factory price catch up.

If you check supermax prepayment received from customer deposit, it have down significantly and lead time have down from > 300days to 50-60 day in such a short period, implying many supply of glove have catch up.

Nonetheless, supermax will still record good profit and declare good final dividend and treasury share to reward shareholder, but the profit will be on downtrend basis in next Q with lower ASP + lockdown impact + 60% workforce.

Posted by EatCoconutCanWin > 2021-07-29 14:35 | Report Abuse

fight fight

Posted by MoneyMakers > 2021-07-29 14:36 |

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Posted by MoneyMakers > 2021-07-29 14:39 |

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Posted by ket4212 > 2021-07-29 14:42 | Report Abuse

QR bad news

Posted by Billboard > 2021-07-29 14:47 | Report Abuse

Giving benefit of doubts
Better be safe than sorry due to uncertainties.
Superman cut off obm traders like cutting off many dealers and businesses the worse biz tactics

Posted by Billboard > 2021-07-29 14:52 | Report Abuse

These obm traders are forced migrate to kossan topglove

Posted by Maridien2 > 2021-07-29 14:54 | Report Abuse

Free fall, don't fight with sharks. They have million of tickets to throw at your face.

Posted by Habisgl0ve > 2021-07-29 15:06 |

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