still talking about ASP? ASP already back to USD25 loh. Nothing much to drop for ASP. The white man all complained forced labor and human rights yet wanna pay penny for the gloves? It s time to pay premium since need to spend more on ESG and better environment for the staffs, giving them air-conditioning hostel, hotel grade pillows and mattress plus give them jacuzzi as well. Throw in free awesome meals everyday with wagyu beef or Norwegian Salmon or roast lamb daily serve with high grade Bismati rice. 1 day only max can work 10 hours and max 50 hours in a week. Still want to pay low ASP? Ask the gwai lohs go and fly kites lah.
Before pandemic china dragon glove still sleeping but now dragon already waked up ! Buy now u will lose atleast 50 - 70 % more ! Unless buy at 0.4x - 0.70 make safe !
HAHAHA pjseow's 600m , nuffsaid ********** MM , Want to bet with me on TG coming PAT ? I projected around 600 mil . What is your projection? Below 300 million?
Actually the covid situation out there is very serious but govt throughout the world tried to downplay it just to allay the fears of the people n prevent panic so they can continue to hold on to power n continue to amass wealth from the pandemic.
The west is very biased on china. They simply don't want to see a prosperous china n prevent china from getting stronger economically. So do u think they will buy Chinese products including gloves n other ppe products. Maybe a little here n there but the major suppliers are still Malaysian gloves manufacturers
Wow..dint know my prediction so accurate...below rm1 coming..looks like faster than expected. Collect next year below rm1 for next pandemic..maybe below 50sens will come next month
Frm billions of ringgit to omicron to covid forever to rss to.........supermx still plummet.....any more arguments....latest is west dont buy china gloves......wakakaka laugh die me
Gloworm, my last two projections on supermx were very close to actual . 1 billion vs 959 millions and 562 millions vs 639 millions. It looks like you have no chance to see my next projection.on.supermx .This could be my last message in this forum if next week hit 1.32. -------------------- GlovesOff siao2 come project spmx next Q before you're muted at 1.32
Posted by klee > Dec 10, 2021 9:47 PM | Report Abuse
Frm billions of ringgit to omicron to covid forever to rss to.........supermx still plummet.....any more arguments....latest is west dont buy china gloves......wakakaka laugh die me
yummy kan humble pie ************** It looks like you have no chance to see my next projection.on.supermx .This could be my last message in this forum if next week hit 1.32.
Not sure how low it can go, but if you wanna buy a Glove counter, the QR of Kossan and Harta will outperform the rest, especially Kossan:
1) gaining the market shares of Top Glove and Supermax in the US. 2) Diversified products including Technical Rubber & Clean Room for microelectronics, semiconductors, or biotechnology etc (trend) 3) Own PPE brand in China direct to consumers (since 2020) 4) very soon next month QR will be released, the directors have been acquiring the shares this month, seems like the sales of OCT, NOV, DEC must be excellent. 5) Net Short Position has been drastically decreased to around 1%. 6) Price already back to the year 2018. 7) Price already back to the year 2018 BUT WITH 2B+ CASH NOW!
BeanHoBeanHo. Until now still don't understand glove has decoupled from vivid cases. The glove supply is in surplus regardless how serious is covid. Even under emco where most factories ran in 60% capacity there is no shortage. Buyers still pressed down ASP. U are either fail to access the market situation or refuse to admit your mistake or in the state of denail bcos can't accept your paper loss.
@ monetary BeanHoBeanHo. Until now still don't understand glove has decoupled from vivid cases. The glove supply is in surplus regardless how serious is covid. Even under emco where most factories ran in 60% capacity there is no shortage. Buyers still pressed down ASP. U are either fail to access the market situation or refuse to admit your mistake or in the state of denail bcos can't accept your paper loss.
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Look at mask we know already from peak rm 70 - 80 per 50 pcs to below rm 5 now after China throwing price down but the quality still standard , later gloves ASP will become USD 10 per 1000pcs if China continue throwing price to rob the market ! Malaysia gloves company sure will see net loss soon !
Anyway for those who suffers heftly paper loss now it could be too late too painful to cut loss...
No worry u still can be a long term value investors n if u cant live that long leave it to yr son or grandson or great grandson to see the next pandemic n glove party.
Nothing related to cases anymore because China glove already showed u how they throwing price until suffer net loss in order to rob market ! Just like china phone beat samsung n apple within a few years only !
For the quarter ended November,the utilisation rate is 55%.Despite the low utilisation rate,the TG still managed to book EPS of 2 cents. All overstock carry forward from 2020 order has fully cleared at end of 2021. TG should report increase profit in the coming quarter. If my prediction is true,then there will be SBB beginning of January 2022. If no SBB in January 2022,then probably TG profit is still flat. One thing need to take note that supermax short position in declining trend. This is the indication the funds are covering the short position despite all the bad news on glove industry such as oversupply ,reducing ASP and others. If the glove industry is such gloomy,why are they buying back to cover the short position instead of increasing the short position as the price will drop to 65 cents .
When talking about cheap price white guys clever than all races that s y they have msny tools to abuse other countries economics n business while hard press the price for their own benefits ! 100% they will get cheaper china gloves lah !
When u hear president XI say that China is willing to total share all PPE with other countries at zero profit in order to improve relationships with all then malaysia glove factory will close down one by one !
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kbtsyl68
145 posts
Posted by kbtsyl68 > 2021-12-10 16:55 | Report Abuse
I am waiting for comfort results also as a guidance.