Both Intco and Bluesail (China biggest glove producer) has reach 100% capacity. They have start raising the ASP, some buyer has move their order to Malaysia.
Hartalega sales volume increased by 8% partly bc of Dod rule (DFARS Case 2022-D009 final rule 20 July 2023) restriction on PPE sourced from Allied countries. esp. China to max of 150k per contract. Hence little profit or loss for China ppe companies to fulfill the contract bc of low volume order.. Outcome either they stop exporting their PPE or they increases their ASP to compensate their losses.
A major manufacturer of surgical gloves has selected Brazoria County for its first U.S. manufacturing plant. Maxter Healthcare will build a $500 million complex on a 215-acre site at CR 52 and CR 48 just off Highway 288 in Alvin’s extraterritorial jurisdiction. The facility will be constructed in four phases, the company said in a news release. Each phase is expected to produce 400 million gloves per month for each phase. When all the four phases are completed, the total installed production capacity would be 1.6 billion gloves per month and 19.2 billion gloves per year, the release states. “This domestic manufacturing capacity will aid the U.S. in its ability to respond to the current pandemic and help safeguard the U.S. in the future,” company founder and president Stanley Thai said in the release. “In addition, through the establishment of our research and development center and collaborations with the local and regional education institutions, we will be developing innovative new products and technologies.” At that meeting, commissioners approved creating a Tax Increment Reinvestment Zone, which will abate the company’s real and property taxes at 100 percent for seven years. Part of the agreement is that the company will use Brazoria County businesses as vendors whenever possible. In its announcement, Maxter Healthcare cited community support as one of the deciding factors in selecting Brazoria County over other finalists for the facility in Chambers County and Florida. “This manufacturing facility, when operational, will strengthen the U.S. Personal Protective Equipment Supply Chain by building domestic capacities,” CEO CK Tan said. “We will be capable of catering to at least 10 percent to 15 percent of the total annual medical glove imports into the country over the next two to four years. Over the next four to six years, as our capacity increases, we will be able to provide 20 percent to 25 percent of the domestic demand and consumption.” The dental field is one of the company’s largest customers, company representatives said in October.
my guess for superman, 1) end of month positive QR... no need super duper like kossan, back in the black is more than enuff.... 2) 8 Dec AGM - virtual... Dato seri will livestream USA facility in the virtual meeting (maybe not since it will be night time in US)...? or there will be recorded video over the virtual AGM?
Not sure if can catch low 80sen before the incoming QR end of the month. Nevertheless, volatility is high for all except Harta that has been constantly moving up
Although still a paper loss, almost 40% of my stake was bought @ below the current price, not counting all the thousands in dividends already earned so that's a consolation!
today Kossan good result, so price performance % is the best among top 4. However, superman been very close as well... is it effect of laggard play or today QR? but usually QR is end of month... strange
1.30 is about 2.60 before split... this price is pre-covid average, so it is entirely possible to arrive back there too when glove normalises... makes sense...
if reach 1.30 and pullback, the pullback will form the right shoulder, it will then look like inverse head and shoulder formed... could be setting up for 2nd half 2024 run after this formation...
Quarterly loss is also good to allow those of us who have less than 30,000 shrs to average down further in preparation for the next big upswing, when the covid market distortions are ironed out & the 2010-2019 pattern resumes.
Of late,glove cos have demonstrated stability in prices unseen for 2 yrs.Harta is up 67% frm low of 1.41.Kossan is up 55% from low of 1.02.Both are stabilizing at a higher level as of now.If this is not the best tell tale sign i dunno what is.Supermx's low was 71 sen,if it can rise 55% like kossan it shud be 1.11.This year's high was 1.07.All we need is a good QR.
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....
ChloeCheong
296 posts
Posted by ChloeCheong > 2023-11-02 18:44 | Report Abuse
Agreed. Next few quarters we will see them turning green