Posted by ThePowerOfGlove > 2021-09-17 23:25 | Report Abuse

Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia

So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang

Posted by MoneyMakers > 2021-09-17 23:27 | Report Abuse

TG’s executive director Lim Cheong Guan shared that glove ASP for September and October is around US$40

Meanwhile ASP of nitrile gloves was down 37% for Q4 compared with the immediate preceding quarter.

Posted by MoneyMakers > 2021-09-17 23:27 | Report Abuse

Market alrdy see effects of lower ASP towards profit..ASP drop accelerating..expect all gloves to drop coming weeks

Prepandemic ASP = prepandemic profits = prepandemic share price (65sen)..simple

Posted by Habisgl0v3333 > 2021-09-18 00:23 | Report Abuse

Incoming windfall tax + asp down = continue downtrend

Posted by elbrutus > 2021-09-18 00:41 | Report Abuse

end of story ..right ? ....now can we have something fresh to talk about instead of ur mf sorry tales ...lol

Posted by ThePowerOfGlove > 2021-09-18 01:23 | Report Abuse

habisgl0v3333, windfart tax from your grandma's arrse

pooooorrrrrttttt

Posted by Habisgl0v3333 > 2021-09-18 02:34 | Report Abuse

Lim said himself : leading to lower sales volume and average selling prices (ASPs), which were not matched by a corresponding reduction in raw material prices.

Posted by Habisgl0v3333 > 2021-09-18 02:34 | Report Abuse

https://www.theedgemarkets.com/article/top-glove-posts-rm608m-net-profit-4qfy21

Posted by Boston > 2021-09-18 06:34 | Report Abuse

From last year till now still blaming RSS??? QR good or bad can be control by RSS or JPM? CBP only affect this quarter alone???factories have plenty of inventories for a few months so lock down for 10 days not really an issue. Real issue is supply glut…face mask from rm70/box now between rm4.90-8.00/box. If you really need it, asp usd100 also need to pay. If you really don’t need it, usd10 also won’t pay. Inelastic demand.

Posted by joyvest > 2021-09-18 08:34 | Report Abuse

OBM or non-OBM are of no difference.the growths depend on demand and supply .

When supply is more, ASP must be dropped but who has the better edge ? Obviously, its non- OBM who is more flexible to adapt to the averse condition while OBM is rigid due to its brand which is highly associated to the price.any drop in price may sign a wrong signal as to the value of brand.

RSS is not the main issue but supply and demand.another crucial factor is vaccine optimism and availability to combat variant virus.

Posted by greatinvestor1 > 2021-09-18 08:57 | Report Abuse

The continued strong demand GLOBALLY for Medical Gloves & other PPEs following the
global outbreak of the Covid-19 pandemic.

Posted by greatinvestor1 > 2021-09-18 08:58 | Report Abuse

The demand for gloves as a personal protective equipment remains strong as the world continues
to fight the COVID-19 pandemic. New waves continue to hit countries around the world, and
continue to flare up even as more and more countries begin opening up their economic sectors
and easing their SOPs. Since the start of the pandemic, we have seen and continue to see the
emergence of new consumers and new consumption not previously seen before prior to Covid-
19.

Posted by freddiehero > 2021-09-18 08:58 | Report Abuse

don't waste to much on plastic glove, u have to reuse plastic glove after clean

Posted by freddiehero > 2021-09-18 08:59 | Report Abuse

go clean, our earth will feel more happy

Posted by freddiehero > 2021-09-18 08:59 | Report Abuse

safe green, safe our planet

Posted by greatinvestor1 > 2021-09-18 09:07 | Report Abuse

Glove needed for other sector to open their operation and government SOP. if u guys ignore this new wave will come out. Vaccine cant prevent to spread covid virus

Posted by greatinvestor1 > 2021-09-18 09:12 | Report Abuse

Covid Virus still forever exist in this world and doctor use glove forever in hospital to handle patient. u think other sector can save Malaysia economy ??? Make Bursa Malaysia Great again. Without glove, Bursa Malaysia cant going up. Only Glove sector can make profit during this pandemic.

Posted by greatinvestor1 > 2021-09-18 09:15 | Report Abuse

IB / jpmorgan / blackrock cant make profit if u put the money to other sector.

Posted by greatinvestor1 > 2021-09-18 09:17 | Report Abuse

Many investor scare to put their money during this pandemic situation

Posted by myinvestor > 2021-09-18 09:25 | Report Abuse

Supermax healthcare Canada inc was awarded a contract of 222m to supply nitrile gloves in 2021.

Table 3: Nitrile gloves

3.12 Supermax Healthcare Canada Ltd. $222,263,152.32
3.13 Tenaquip Ltd.Table 3, footnote2 $71,013.16
Total $513,894,149.42

Posted by rennin > 2021-09-18 09:25 | Report Abuse

'On May 20, 2015, JPMorgan Chase was charged by the U.S. Department of Justice with one felony count for rigging foreign exchange markets. It pleaded guilty to the charge.'

(source https://wallstreetonparade.com/2021/09/the-latest-outrage-over-fed-presidents-trading-stocks-is-just-the-tip-of-the-iceberg

Posted by Habisgl0v3333 > 2021-09-18 09:37 | Report Abuse

Higher cost , lower selling price, continue downtrend

Posted by sharemarket21 > 2021-09-18 09:47 | Report Abuse

All points are valid and no one is very wrong. However the market is supported by strong fund managers, short and long term and retailers. There was already obvious signs before this thing came down all the way from last year and even recently. Capital flow has becoming very tight. No matter how good the current news, there are no genuine participants for gloves sector. Again the perception if any gloves stock can recover, the whole sector must move in tandem. That will takes enormous amount of funds to create the sentiment for now. Wise pick should be stocks without associated to sector perception. The chances to gain a quick good return will be higher. Stocks like GENM, Stand-alone Properties stock or others will make more sense when Covid-19 situation is healing rapidly.

Posted by sharemarket21 > 2021-09-18 09:54 | Report Abuse

For those who still don’t get it why some profitable stocks behaving such a manner. Those who are positive COVID-19 improvement has nothing to do with Gloves stocks. Now just imagine one day the negative news. Be prepared with every possibilities for now. Track the world market and volume closely.

Posted by Geek2020 > 2021-09-18 10:36 | Report Abuse

The stock will continue to be shorted until the market finds a footing for glove stocks. Only then shorties will buy back and close position

Posted by Bgt 9963 > 2021-09-18 10:40 | Report Abuse

Keep in the freezer....!

Posted by ThePowerOfGlove > 2021-09-18 11:02 | Report Abuse

shorting gang losing power

Posted by ThePowerOfGlove > 2021-09-18 11:03 | Report Abuse

shorting gang running out of gas

Posted by ThePowerOfGlove > 2021-09-18 11:03 | Report Abuse

shorting gang running out of desperate scare stories

Posted by ThePowerOfGlove > 2021-09-18 11:04 | Report Abuse

shorting gang now back to having to resort to desperate pathetic old stale tak laku old wives' windfart tax tale

pooooorrrrrttttt

Posted by ThePowerOfGlove > 2021-09-18 11:05 | Report Abuse

RSS ban in the pipeline

Posted by ThePowerOfGlove > 2021-09-18 11:05 | Report Abuse

New amendments to economic/finance policies leaning toward strategies positive for Bursa resurgence, including banning of RSS

Posted by ThePowerOfGlove > 2021-09-18 11:05 | Report Abuse

RSS is destructive & damaging to Bursa

Posted by ThePowerOfGlove > 2021-09-18 11:06 | Report Abuse

RSS not gonna survive for long more under new administration

Gonna be banned soon

If not under pm9, then under pm10

Posted by ThePowerOfGlove > 2021-09-18 11:06 | Report Abuse

Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia

So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang

Posted by ThePowerOfGlove > 2021-09-18 11:12 | Report Abuse

lower asp ==> more affordable to more importing customers ==> higher global export volume ==> more sustainable revenue

Posted by investmalaysia7777 > 2021-09-18 11:14 | Report Abuse

more affordable? what's the purpose when people not hungry for it

Posted by investmalaysia7777 > 2021-09-18 11:15 | Report Abuse

now glovers one shot post many messages. very desperate hahaha

Posted by myinvestor > 2021-09-18 11:29 | Report Abuse

The banning of RSS is imminent as klci index is crashing 1850 to 1548. The trading volume before RSS is 24b daily but since the resume of RSS, the volume traded in Klci is less 4b per day. Bursa actually gain very little from RSS transaction fee as the traded volume is too small but in fact they are losing great volume of trading from the retailers. FF also run away bc the stocks that generating big profit are hammered by shorties. If our bursa klci index 20k then no issue of RSS but now the our index 1548, one of the worst market in world, do why need RSS? Our blue chip stocks making billion are most undervalue. Possible reason the bursa head is former banker, he need takes care is IB friend.

Posted by Sogbashen > 2021-09-18 11:31 | Report Abuse

Road to rm1… I will buy at 0.50

Posted by calvintaneng > 2021-09-18 11:34 | Report Abuse

Was 50% discount

More fierce price war now dropped to 52% discount

Later will sell at a loss

https://www.lazada.sg/products/stock-ready-vastar-disposable-nitrile-examination-glove-powder-free-blue-100pcs-ml-i633504863-s1902178417.html?spm=a2o42.searchlist.list.75.9c504efbjKY1Hf&search=1

Posted by investmalaysia7777 > 2021-09-18 11:36 | Report Abuse

wah, so much discount ah? if really so insufficient supply or robust demand will give so much discount??

Posted by GlovesOff > 2021-09-18 11:42 | Report Abuse

Nopowerofglove is like unreadable ad ... just swipe left

Posted by investmalaysia7777 > 2021-09-18 11:48 | Report Abuse

now pjseow and crying d. maybe silently cutting loss. beary terus MIA.

Posted by ThePowerOfGlove > 2021-09-18 11:55 | Report Abuse

shorting gang spend every waking hour of their life badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down

Posted by ThePowerOfGlove > 2021-09-18 11:57 | Report Abuse

That is why RSS shorting gang gonna be banned soon

Posted by sharemarket21 > 2021-09-18 12:00 | Report Abuse

No RSS and no seller. How are you going to buy the cheap price. Stock market will becoming illiquid and one negative news the stock price can go three four folds down. Understand the mechanism before start pointing the RSS. It’s the supply and demand, overall low volume and forward market expectations about glove sector. The price must not reflecting the company P&L because there is no loss about the company and Government. End of the day they are still paying profit taxes to the Government as the revenue and creating more jobs to the people. The losers are only those who crazy about stock price. So please don’t blame when we don’t have stock investment acumen. Blame the lousy room moderator who have hidden hand here. Should be nailed by IA by now. Hope so.

Posted by myinvestor > 2021-09-18 12:00 | Report Abuse

Beware of faked goods sold online. Most of cheap stuff are not FDA certified and rejects from factory. The use of it is your own risk.

https://www.nytimes.com/wirecutter/blog/amazon-counterfeit-fake-products/

Posted by bang_miskin > 2021-09-18 12:01 | Report Abuse

lower asp ==> more affordable to more importing customers ==> higher global export volume ==> more sustainable revenue

You mean lower future asp. When you expect asp to fall in the coming months, you start cutting down on current demand because you can kutip later at a cheaper price. Harta boss Kuan noted that despite having more cases, current sales has not increased.

Posted by sharemarket21 > 2021-09-18 12:14 | Report Abuse

During Covid-19 outbreak and uncertainty, stock market returns hit jackpot and investors poured all their savings to make some living. Now when COVID 19 is under control world wide and back to norm, the reality set in and many have started checking their savings and accounts. This is the road to very bumpy stock market and most likely going the worse economy of all. China and US have gone through the painful overall stocks correction and process. Malaysia is next once they have successfully managing the crisis. You have not seen the worst yet. Just be very cautious with your investments.