Simple Arithmetic on the exponential demand for glove usage (vaccinations, testings and hospitalization). Just look at the daily reported Covid-19 positive numbers globally due to Omicron and it is not even the Peak numbers yet. The trend for 2022 is already obvious.
Top 3 glove companies except Supermax already grab at least 60-70% gloves market share in US with high demands of gloves due to record breaking hospitalisations and testings....Supermax CBP ban since October and China gloves under import tariffs 7.5-25% since December
South Africa says Omicron wave may have peaked South Africa has lifted overnight curfew rules, with officials saying the country may have passed the peak of its fourth wave of Covid-19 infections.
A government statement said the Omicron variant, while highly transmissible, had seen lower hospitalisation rates than previous waves.
There had been a marginal increase in the number of deaths, it added.
The variant - first reported by South Africa last month - is spreading fast elsewhere leading to widespread curbs.
Still believing that covid pandemic will drive up rubber gloves ASP. Please faced the reality of Rubber Gloves industry
Stage 1 there will the normalised of profit where PE will be going up due to lower reported profit. Stage 2 over supply situation in market. Stage 3 small gloves companies will start to report losses Stage 4 consolidation of rubber glove industry Stage 5 recovery of shares price
You need to wait for another 2 to 3 years for shares price to recover
Those who invested in rubber gloves companies that hanged on the hope that the demand will surge due to covid pandemic will be proven again & again wrong.
COVID-19 cases in the United States are up 98 percent compared to last week, officials said, amid rising concern over the rapid spread of the Omicron variant in the country.
During a regular COVID news briefing Rochelle Walensky, Director of the Centers for Disease Control and Prevention (CDC) said that the US is currently averaging 491,700 cases per day.
Hospitalisations, currently averaging 14,800 per day, were 63 percent higher than last week. Deaths, at 1,200 per day, were at a 5 percent increase from a week ago.
“Over the last several weeks and over the holidays we have seen a significant and rapid increase in COVID-19 cases,” Walensky said.
The CDC also said that the highly infectious Omicron variant now accounts for 95 percent of coronavirus cases in the US, while only 5 percent are due to the Delta strain.
Those keep calling buy by saying how cheap how undervalued must be a part of the manipulator. If green, buy la buy la. If red, who to blame? Last time RSS, now IDSS? Or profit takers? Glove is still the biggest trap so far be it fundamentally good. Manipulator make use of retailers' greed.
I would like to say Supermax still a fundamental good company to invest in. At this price level it is worth while for long term investment. This is not a call for investing in this share counter.
If you are thinking of short term investment then this is not a right choice for you. Invested thinking that its will go up because of covid then you are dreaming. Please consult professional financial advisor for consultation before investing.
What we know so far about IHU COVID-19 variant symptoms
Scientists and experts in France are keeping their eyes on the new IHU COVID-19 variant that has emerged in recent days.
The new variant — called the IHU variant because it was found by academics at the institute IHU Mediterranee Infection — has been linked to 12 cases near Marseilles, France, according to Business Insider.
The variant — with the scientific name B.1.640.2 — reportedly has 46 mutations in an “atypical combination,” according to researchers.
Omicron alert: Doctor says next two weeks crucial. Here's why
Omicron wave in South Africa, UK, Denmark has seen a sudden surge followed by a quick dip, based on which experts are estimating that India's peak will arrive in the next four weeks.
No manipulator... Just buying for LT and I think it is no better time to average down the F up buy last year. This company has strong fundamentals and it's product will always be in need. Not another Blackberry...
SHANGHAI, Jan 6 (Reuters) - Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.
IHU: New Covid variant with 46 mutations worries experts in France
So far, 12 people have been infected with the new variant
While the world is grappling with the highly infectious Omicron, strain of Covid, scientists in France have identified a potentially worrying new variant, which has 46 mutations.
Thailand raises Covid-19 alert level due to Omicron spread
BANGKOK: Thailand on Thursday raised its Covid-19 alert level following rising infections driven by the spread of the Omicron variant of the coronavirus, a senior health official said.
The change, from level three to four, sets a pretext for possible measures that could follow, such as closing high-risk areas and placing restrictions on domestic travel or public gatherings.
if covid still continue to spread ..means glove usage still high... means demand still there, even not that ridiculously high as before, coz ppl scaramble to get stock. Price drop coz ppl expect covid would go away in 2021, or 2022 and glove sales drop to the bottom.. but with whats happening now, company still making nice profits..cukup ler.. compare to other sectors..
Just need ASP to reverse trend before the IBs would start to change to Buy calls. Now they too are waiting cause they too are concern. Or maybe all are waiting for JPM to change to Buy call.
Price already drop so much…if you do not hold any Supermax share, no need to smear fear to the share holder… Go other counters that you hold and shout bullish.. lets the true investor determine the real value of the share….
If drop 65sen, many people will suffer believing in share to make them some money during Covid. To those who shout, reflect yourself, what value you are creating in your life? Just ownself personal gain?
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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....
Ron90
4,113 posts
Posted by Ron90 > 2022-01-05 15:23 | Report Abuse
supermax will fly high ler.. collect byk2