Breaking news: China want the glove manufacturer supplier to ramp up the production to support the potential high demand and build up inventory from the rising China Covid19 cases.
Asp of 15-17 is not possible now in the markets, expecting shortage of medical gloves in the coming weeks.
Beijing: China has requisitioned medical supplies production across the country as millions struggle to obtain basic drugs and testing kits in the face of a surge in Covid-19 cases.
Glove makers up in early trade following rise in Covid-19 cases in China -A+A KUALA LUMPUR (Dec 27): Glove makers' shares were up in early trade on Tuesday (Dec 27) following a rise in Covid-19 cases in China.
At 10.15am, Top Glove Corp Bhd was the second most actively traded counter, up 7.93% at 88.5 sen apiece, with 35.9 million shares done.
Other glove makers were also among the top 20 active counters, including Careplus Group Bhd, up 7.61% at 49.5 sen, with 14.9 million shares traded, Hartalega Holdings Bhd, up 5.92% at RM1.79, with 8.6 million shares done, and Supermax Corp Bhd, up 7.7% at 90 sen, with 6.3 million shares exchanging hands.
China is beginning to lift its more stringent Covid-19 restrictions, after nearly three years in isolation. But what could mark the end of its zero-Covid policy may be just the beginning of the country's pandemic problems.
According to Reuters, China's National Health Commission had confirmed 393,067 cases with symptoms as of Dec 22.
The commission reportedly said that it would no longer publish daily Covid-19 data from Sunday, amid doubts about its reliability.
China reported no Covid-19 deaths in the mainland for the six days through Sunday, the Chinese Center for Disease Control and Prevention said on Sunday.
However, at the same time, funeral homes and crematoriums in the country were reportedly struggling to meet demand.
Reuters cited one Shanghai hospital as telling its staff last week to prepare for a "tragic battle" with Covid-19, as it expects half the city's 25 million people to get infected by the end of the week after Christmas.
British-based health data firm Airfinity last week estimated that China is experiencing more than a million infections and 5,000 deaths a day.
China econ'y & people fall w/o open So, China gives up c-zero policy. c will spread & be around more yrs. What this means is endemic. Glove sales & asp ALREADY PEAK. PAST PRIME & PEAK PROFIT & PRICES. ASPs will fall LOWER & LOWER. Already res are falling & getting neg.
The U.S. has officially recorded more than 100 million confirmed Covid cases, but the actual number is probably at least twice as high. As the U.S. enters the fourth year of the pandemic, the virus keeps mutating into more transmissible variants, making it even more difficult to control. About 400 people are still dying a day from the virus and about 5,000 are being admitted to the hospital daily.
28 Dec 2022, 09:05:50 PM IST 50% of the passengers in flights from China positive: Milan Milan health authorities said that almost half of the passengers on two flights from China tested positive for Covid-19.
It took TopGlov almost one year and two months to be released from CBP WRO, but forever for Supermax. And you know the management is not proactive in resolving this issue. You be receiving smokescreen all the while.
Previously, the Malaysian government via then human resources minister Datuk Seri M. Saravanan had on August 12 made an order stating that the Employment (Amendment) Act 2022 will take effect on September 1, but he had later announced that it would start being enforced from January 1, 2023 instead.
On December 21, Human Resources Minister V. Sivakumar confirmed that the implementation date for these new changes will be from January 1, 2023.
"The amendments to the Employment Act, which will see weekly working hours reduced from 48 to 45 hours, effective from Jan 1 2023, are to safeguard the welfare of workers, in line with the International Labour Organisation (ILO) Convention"
Hope this resolve the CBP WRO issue and get the release of wro soon.
Supermax healthcare ltd Uk opening new distribution center in Eu.
I am delighted to announce, effective January 1st 2023, Supermax Healthcare Limited will be expanding its operations in to Europe with the opening of our new distribution centre in Roosendaal, The Netherlands. The new facility provides the logistical capacity required to support future growth and remove the complexities caused from Brexit in Cross-border trade between the UK and Europe. This will ensure efficiencies in our service levels and export costs that will only benefit our loyal customer base. This presents a significant opportunity to continue to grow the Aurelia brand across Europe, and European expansion remains a key pillar in the Company's growth strategy.
For Supermax Healthcare, our customer base in Europe has, and continues to be of great importance to us and we thank you for the support that you continue to provide. This key milestone will only serve to benefit the valued partnerships we have in place with yourselves and will enable us to continue to grow together in the future
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....
Timercheng
733 posts
Posted by Timercheng > 2022-12-23 09:24 | Report Abuse
Buy now n put in the fridge , next yr I think can 100% profit