Posted by VincentTang > 2022-08-08 09:15 | Report Abuse

New virus named “Langya henipavirus” discovered in Shandong and Henan.

https://www.dimsumdaily.hk/35-in-mainland-infected-by-new-virus-named-langya-henipavirus-discovered-in-shandong-and-henan/

Posted by Investoz88 > 2022-08-08 10:24 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.

MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.

He explained that MARGMA’s initial forecast on global glove demand had taken into consideration the potential risk from the outbreak of the Omicron variant.

“Now we find most of these [risks] have come under control. That’s why we need to reassess the numbers,” said Supramaniam.

He was speaking at the press conference on Wednesday (Aug 3) in conjunction with the memorandum of understanding (MOU) signing ceremony for the upcoming 10th International Rubber Glove Conference & Exhibition (IRGCE).

MARGMA and the Malaysian Rubber Council, which will jointly host the IRGCE, had signed the MOU with 18 key sponsors of the IRGCE on Wednesday.

Supramaniam said Malaysia, which produces an estimated 240 billion pieces of gloves in 2022, is expected to command a 65% share of the global rubber glove market, followed by China (20%), Thailand (10%) and Indonesia (3%).

In line with the decline in global demand this year, MARGMA projects that the export value of rubber gloves from Malaysia would drop by 58% to RM23.10 billion this year, from RM54.81 billion last year and RM35.26 billion in 2020.

Nonetheless, MARGMA foresees that the export value for rubber gloves from Malaysia would grow 10% annually from 2023 onwards.

“Glove manufacturing will still be a profitable business, bearing [in] mind, in normal conditions, its (annual global demand) growth is about 15%,” said Supramaniam.

Nonetheless, Supramainam expects the outlook of the Malaysian glove industry to be tough in the next six- to nine months, in terms of production capacity utilisation and glove average selling prices.

“Supply pipeline has sufficient gloves. Upon (supply-demand) equilibrium, players will expand only to the tune of demand growth,” he said.

Supramaniam also updated that MARGMA members have so far automated about 85% of their glove production operations, and that it will take them another three- to four years to automate 95% of their operations.

“The last mile is very important and we are investing continuously to achieve that. One of the examples we like to use is 10 years ago, we needed 9.7 workers to produce one million pieces of gloves. Today, to produce the same [number] of gloves, we need 1.7 workers. So, we will continue to automate,” he said.

Posted by Investor126 > 2022-08-08 14:46 | Report Abuse

Many here continue to blow water. Supermax in fact is still a lousy counter but you people thought take it precious. Next QR, you probably see Supermax facing losses.

Posted by ket4212 > 2022-08-08 19:26 | Report Abuse

禁令就快解除！静候佳音

Posted by investmalaysia618 > 2022-08-09 11:14 | Report Abuse

there's no reason to buy at all even at this price. better put your bet in harta or kossan

Posted by VincentTang > 2022-08-09 13:14 | Report Abuse

Accumulating Topglove, Harta and Supermx. ROI will be high in coming months.

Posted by cK1973 > 2022-08-09 13:35 | Report Abuse

this is a very good counter for long term play...
short term cannot la...
earn dividends n etc boleh la....

Posted by myinvestor > 2022-08-09 14:07 | Report Abuse

KUALA LUMPUR (Aug 8): The Malaysian Rubber Glove Manufacturers Association (Margma) estimated that the Malaysian glove industry suffered losses of about RM1.8 billion from 2020 to 2022 as a result of the US Customs and Border Protection (CBP) sanctions on six glove companies.

Margma president Dr Supramaniam Shanmugam also said the CBP’s import ban for the four glove industry players, namely YTY Group, Smart Glove, Brightway Group and Supermax Corp Bhd, will be lifted “very soon”.

Posted by VincentTang > 2022-08-09 14:54 | Report Abuse

Buy before too late. Don't miss this glove stocks big rebound.

Posted by VincentTang > 2022-08-09 14:59 | Report Abuse

Harta prospect is good.
The Group is cautiously optimistic of the longer-term prospects of the sector, given the expected continued post-pandemic growth in demand for rubber gloves.

Posted by investmalaysia618 > 2022-08-10 15:15 | Report Abuse

stay strong ya glovers. kikiki

Posted by CITADEL > 2022-08-10 15:16 | Report Abuse

long term investor very happy can sapu low price hahahaha , mana all the old folks????

Posted by CITADEL > 2022-08-10 15:19 | Report Abuse

hah from covid 19 to vaccine to idss to monkeypox, now all supporters disappeared from this forum

Posted by CITADEL > 2022-08-10 15:20 | Report Abuse

mana pjseow???

Posted by investmalaysia618 > 2022-08-10 15:52 | Report Abuse

pjseow driving his bezza for road trip. dont want look at bursa d kikiki

Posted by NatsukoMishima > 2022-08-10 21:22 | Report Abuse

KUALA LUMPUR: Hartalega Holdings Bhd bercadang untuk menghentikan operasi satu lagi kilang pembuatan di Bestari Jaya bagi menjimatkan kos.

MIDF Research dalam satu nota penyelidikan berkata, rancangan untuk menghentikan Kilang 3 Bestari Jaya yang mempunyai lapan barisan pengeluaran dan menghasilkan 3.3 bilion unit sarung tangan setahun itu adalah bagi meningkatkan keberkesanan kos.

Ia berkata, Hartalega sebelum ini telah menghentikan Kilang 2 Bestari Jaya bagi tujuan penjimatan kos berikutan jumlah pekerjanya yang ramai.

"Kilang 2 mempunyai lima barisan pengeluaran dan menghasilkan 1.2 bilion sarung tangan setiap tahun," katanya.

MIDF Research berkata, di sebalik rancangan penutupan itu, Hartalega ketika ini juga sedang menyiapkan pembinaan pengembangan empat kilang pembuatan di bawah NGC 1.5 di Sepang.

Katanya, pengurusan Hartalega menekankan bahawa pentauliahan kilang akan dibuat secara berperingkat, tetapi masanya akan bergantung kepada dinamik penawaran dan permintaan dalam pasaran.

"Berdasarkan NGC 1.5 (Sepang), kilang pengeluaran itu akan meningkatkan kapasiti tahunan sebanyak 19 bilion sarung tangan.

"Penyahtauliahan kilang pembuatan dijangka akan mengimbangi pentauliahan pengembangan dua kilang di bawah projek NGC 1.5, yang menghasilkan jumlah kapasiti yang sama," katanya.

Keuntungan bersih Hartalega merosot 96.1 peratus kepada RM88.28 juta pada suku pertama berakhir 30 Jun 2022, daripada RM2.26 bilion dalam tempoh yang sama tahun lepas berikutan peningkatan kos tenaga dan buruh yang disebabkan oleh kenaikan tarif gas asli dan pelaksanaan gaji minimum.

Perolehan turun 78.3 peratus kepada RM845.67 juta berbanding RM3.90 bilion sebelumnya.

Perolehan yang lebih rendah itu terutamanya disebabkan oleh purata harga jualan (ASP) yang kembali normal dan kemerosotan jumlah jualan sebanyak 28 peratus, berbanding suku pertama tahun kewangan 2022 apabila kedua-dua ASP dan permintaan jualan mencatatkan paras tertinggi ketika tempoh pandemik.

Ketua Pegawai Eksekutif Hartalega, Kuan Mun Leong, berkata kesan ASP dan permintaan yang kembali normal dipaparkan dalam keputusan suku pertama syarikat yang turut terkesan dengan persekitaran kos operasi yang lebih tinggi dan peningkatan tekanan inflasi disebabkan oleh kenaikan tarif elektrik dan gas asli, serta dasar gaji minimum baharu yang dilaksanakan pada Mei 2022.

"Di samping itu, persaingan semakin sengit di pasaran berikutan keadaan bekalan berlebihan dalam sektor sarung tangan global," katanya.

Close shops 1 by 1 coming soon !

Posted by NatsukoMishima > 2022-08-10 21:37 | Report Abuse

https://www.klsescreener.com/v2/news/view/1029307

OMG , perfect storm coming to malaysia glove sector again

Posted by myinvestor > 2022-08-11 09:39 | Report Abuse

Taiwan's Centers for Disease Control and Prevention (CDC) confirms 35 human infections of the novel Langya Henipavirus in China's Shandong and Henan provinces. The CDC told Taipei Times that they would begin to establish nucleic acid testing, track close contacts of patients, and conduct genome sequencing.

Health officials in China are now monitoring the transmission of this novel zoonotic virus that has infected dozens of people, despite having no known close contact.
Langya Henipavirus in China
A study titled "A Zoonotic Henipavirus in Febrile Patients in China," published in the New England Journal of Medicine, reports a new henipavirus linked to the fever-causing illness reported in China.

The researchers of the study investigated 35 patients that have acute Langya henipavirus in Shandong and Henan provinces, of which 26 were infected with Lanya virus only and no other pathogens.

All 26 patients experienced fever, 54% reported fatigue, 50% had a cough, 50% experienced a loss of appetite, 46% also had muscle pain, 38% complained of nausea, and 35% had headaches and vomiting. More so, 54% showed a decrease in white blood cells, while 35% had low platelet count, 35 had liver failure, and 8% had kidney failure.
https://www.sciencetimes.com/articles/39279/20220809/china-detects-new-zoonotic-virus-infected-35-people-two-provinces.htm

Posted by CITADEL > 2022-08-11 10:07 | Report Abuse

so???still want use virus to save Ur ass's??

Posted by SinGor > 2022-08-11 10:33 | Report Abuse

https://www.malaysiakini.com/news/631694

This Not Good for Super to get Out of US Border Control jail

Posted by Medusa > 2022-08-11 12:08 | Report Abuse

SinGor
https://www.malaysiakini.com/news/631694

This Not Good for Super to get Out of US Border Control jail

This is good to others glovemakers who comply with the ILO standards. As more and more glove companies being banned by cbp, supply<demand US will buy from other. Even US plans to hike tariff from China which make even good prospect for US to source from other countries.

Remember, Careplus is part of Ansell so expect terrible quarterly result coming and even need to be shut down or worse cut down on their production which eventually lead to supply < demand.

Posted by cK1973 > 2022-08-11 13:12 | Report Abuse

this is a very good company for long term investment
price already sideway towards downtrend.....
for longer term play n should wait at lower entry price....
tunggu la tunggu la...50 boleh ka?

Posted by NatsukoMishima > 2022-08-11 13:58 | Report Abuse

Never never buy in dip for glove stocks , just look at KAREX u will agree with me ! It will no rebound forever once the frenzy mania has past ! Karex plummet also caused by China Condomn challenge !

Posted by NatsukoMishima > 2022-08-11 14:01 | Report Abuse

US workers strike for higher wage will make US plant lose money n close shop soon ! Invest US is the biggest mistake by superman !

Posted by NatsukoMishima > 2022-08-11 14:02 | Report Abuse

Once 80 sens break then it will direct plummet to 5x - 6x sens !

Posted by SinGor > 2022-08-11 15:35 | Report Abuse

DonT worry, i think Super will be Hit side way by a 800lbs Gorilla ( TopGlove) dropping at very high Speed.
As i predict TG will be King of the Bottom

Posted by investmalaysia618 > 2022-08-11 17:07 | Report Abuse

@pjseow, want sell house to buy or not? dare to buy at rm5 and now rm0.8 dont want to buy meh kikiki

Posted by CharlesT > 2022-08-11 17:15 | Report Abuse

All the naysayers for the past 2 years r actually Angel in disguised

Posted by cK1973 > 2022-08-12 08:47 | Report Abuse

mari mari bagi range 70-80 dulu...
mari mari....

Posted by investmalaysia618 > 2022-08-12 09:56 | Report Abuse

harta at rm2. kossan at rm1.1. both 50% below pre pandemic level. supermax still above pre pandemic price. if it follow kossan and harta, should trade below 40cents

Posted by cK1973 > 2022-08-12 10:22 | Report Abuse

long term counter ma....
70-80 good range ma...

Posted by Ryan83 > 2022-08-12 10:26 | Report Abuse

Supermax finally broken 80sen support level and continue to fall as next quarterly result end of this month will be net losses and negative EPS

Posted by Legend > 2022-08-12 10:48 | Report Abuse

Habis....

Posted by GlovesOff > 2022-08-12 11:04 | Report Abuse

Each time I see perodua ad reminds me of a legend here , sidebet at 70c mou? Haha

Posted by NatsukoMishima > 2022-08-12 12:48 | Report Abuse

OMG , EU starts to reduce the using of disposable rubber plastic products ! EPF run faster than so call long term investors !

Posted by NatsukoMishima > 2022-08-12 12:51 | Report Abuse

All the 4 big company will drop until around 50 sens !

Posted by myinvestor > 2022-08-12 13:05 | Report Abuse

Market Analysis and Insights: Europe Protective Gloves Market
Europe Protective Gloves Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.3% in the forecast period of 2021 to 2028 and expected to reach USD 3,964,761.34 thousands by 2028.

Protective gloves or safety gloves are gloves designed to protect individuals from safety hazards such as cuts, burns, chemicals, abrasions, biohazards, among others. Although, various types of safety gloves are available in the market, it is important to choose the right materials and product for the intended purpose.
https://www.databridgemarketresearch.com/reports/europe-protective-gloves-market

Posted by myinvestor > 2022-08-12 13:28 | Report Abuse

Market Analysis and Insights: Global Protective Gloves Market
Global protective gloves market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.2% in the forecast period of 2021 to 2028 and expected to reach USD 22,601,206.87 thousand by 2028.

https://www.databridgemarketresearch.com/reports/global-protective-gloves-market

Posted by NatsukoMishima > 2022-08-12 14:08 | Report Abuse

Yes , the market growth but with 70% order flow to China Intco , blue sail !

Posted by NatsukoMishima > 2022-08-12 14:09 | Report Abuse

Superman US plant will be losing money due to wage inflation in western countries !

Posted by see2sea > 2022-08-12 14:40 | Report Abuse

Lol..long term investment? Still load more? Load till 30sens

Posted by juon > 2022-08-12 17:39 | Report Abuse

now all can be warren buffet ! long term investor

padahal sebenarnya kena terperangkap

Posted by melanie1818181818 > 2022-08-13 05:40 | Report Abuse

mana tu SPX legend sorrhai pjseow and company tunafa?

Posted by melanie1818181818 > 2022-08-13 05:42 | Report Abuse

still partying and driving around in "ferrari"-turned-bezza in SPX LALALAND?

Posted by melanie1818181818 > 2022-08-13 05:44 | Report Abuse

have fun meeting with KARMA ya pjseow and co
it's not done yet given all the damage you have done to your naive followers

Posted by melanie1818181818 > 2022-08-13 05:50 | Report Abuse

oh btw, your "ferrari"-turned-bezza will soon become beca
can cruise around jonker street for some tourist money instead of daydreaming in SPX LALALAND, kakaka

Posted by CharlesT > 2022-08-13 06:50 | Report Abuse

Djoker89 still alive ah?

We made good money together in 2020 glove party....

But he seems to be catching falling knive non stop fm 2021 to 2022...

Hope he didnt vomit back his profit in 2020

Posted by CharlesT > 2022-08-13 07:05 | Report Abuse

Posted by CharlesT > 2022-02-23 11:51 | Report Abuse

Closed at 1.47 on 31 Dec 2021, after a whopping drop of 70%+ in 2021.

Year todate another loss of 32% at RM1.01 now.

In short, all die very hard if u bought since 2021 till now, at whatever CHEAP price....

By now, Year todate loss is 46%+....

Whoever bought cheap n cheaper n cheaper n cheaper fm 2021 till now will lose until kuku also shrink till cannot be seen

Posted by CharlesT > 2022-08-13 07:06 | Report Abuse

The worse part is it has yet to reach its bottom n nobody knows when will be the bottom....thats the scary part

Posted by CharlesT > 2022-08-13 07:21 | Report Abuse

Wait till u see few q of loss first....hope not few years