This whole week if India 🇮🇳 kacau kacau will drop back to very low. Like local said if you saw Indian and Snake at the same time, what do you do first???
Posted by Income > 3 hours ago | Report Abuse I got burnt here by Dirty Indian play. Obviously they don’t like chlorinated glov making their hands white but their arms remain the same hue compared to their hands hue???
wah... Income sifu got bought TopGlove meh...? at what price leh..?
Posted by Income > 10 minutes ago | Report Abuse Xiaoeh sifu… Rm1.02 lah Crying 😭
no wori Income sifu there is a one TopGlove sifu very famous one... ... want to consult him...? ask him what to do when price drop 3cent after purchased...
The U.S. government announced a sharp increase in tariffs on Chinese surgical gloves, raising rates to 50% for 2025 and 100% for 2026F.
The final modification imposes a much steeper tariff, which will significantly increase Chinese average selling prices (ASPs) to US$25.50/1K pcs by 2025 and US$34/1K pcs by 2026, from the current ASP of US$17/1K pcs. Given that Malaysian manufacturers' blended ASPs of US$19-21/1K pcs currently, Chinese ASPs are expected to exceed those of Malaysian producers by 21%-34% as early as next year. Hence, the reversal of the current price gap between Chinese and Malaysian gloves would enhance the competitive position of Malaysian players.
Remark: Topglove export about 15% of its glove to US marke
Both republican and democrats party are practicing anti-China policy. It will only intensify these critical policy in future to further limit reliance on China on medical supplies and eventually US self-sufficient in medical equipment
The impact on USD weakness is mitigated by fact that 40% of glove manufacture cost are also denominated in USD.
The remain negative impact on USD weakness can easily offset entirely by increase glove ASP which have big room of hike in 2025 by 20% from current US$19-21/1K pcs to US$25.50/1K pcs by 2025 to match Chinese glove and further 40% hike ASP potential US$34/1K pcs by 2026 match Chinese glove.
Glove profitability in USD= ASP hike + globve volume sold - (feedcost in USD)
Remark: The impact on USD weakness is NOT only affect Msia glove manufacture, but also affect Thai and China glove manufacture.
USD weakness by 12.5% in RM USD weakness by 10.9% in Thai bath USD weakness by 3.5% in Chinese Yuan
Therefore, all top 3 top global glove maker will collectively demand ASP hike to offset USD weakness
A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially
A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially
?
Overseas don't dispose old stockpile. They sell cheaply to India or Africa. Siapa mau rugi? That's India shouting now。
*** "Bad" news for Bursa! *** Tides have turned: It's a sin not to pivot to Hang Seng! *** China unleashed hundreds of billions in stimulus packages, and more to come ! *** Chance of a lifetime!
With tumbling in crude oil price now, glove maker energy cost and major raw material cost, nitrile butadiene will decrease substantially. Both energy and raw material collectively form 20% and 30% respectively, input cost in glove manufacturing. Raw material cost is denominator in USD, offer natural hedge again weak USD
Incoming US traffic 50% surcharge on competitor China glove will prompt Msia hike ASP more than offset weakness in USD. This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back.
Based on The Office of the United States Trade Representative (USTR) announced final modifications concerning the statutory review of the tariff actions in the Section 301 investigation of the People's Republic of China's (PRC) Acts, Aside Medical Gloves. Increase rate to 50 percent in 2025 and 100 percent in 2026.
Another glove manufacture product, facemask also impose tax increament. Face Masks. Increase rate to 25 percent in 2025 and 50 percent in 2026
Posted by Income > 3 hours ago | Report Abuse Saman malu itu LKW. I'm not ular。Go to check your eyesight s,
i believe Income sifu and Ular are 2 different person although unable to identify from shape and size... but be it the temperament and syntax used etc are totally different!
Kenanga: With a less acute oversupply situation, it estimates that the demand-supply situation will only start to head towards equilibrium in 2026 when there is no more net new capacity coming onstream while the global demand for gloves continues to rise by 15% per year.
Maintaining its “market outperform” call on Top Glove but raising the target price to RM1.02 from RM0.97 previously, Kenanga Research said
?
Only 2026, equilibrium in hospital stock of gloves and Wah no meat left on Bak kut Teh - only bones ahyohhh!
Posted by Loh Kok Wai W > 17 hours ago | Report Abuse income dulu nama ular...
Posted by xiaoeh > 7 hours ago | Report Abuse Posted by Income > 3 hours ago | Report Abuse Saman malu itu LKW. I'm not ular。Go to check your eyesight s, i believe Income sifu and Ular are 2 different person although unable to identify from shape and size... but be it the temperament and syntax used etc are totally different!
Mr Loh is right, genius i3 is a learning place...😂
Posted by Loh Kok Wai W > 17 hours ago | Report Abuse income dulu nama ular...
Posted by xiaoeh > 7 hours ago | Report Abuse Posted by Income > 3 hours ago | Report Abuse Saman malu itu LKW. I'm not ular。Go to check your eyesight s, i believe Income sifu and Ular are 2 different person although unable to identify from shape and size... but be it the temperament and syntax used etc are totally different!
Mr Loh is right, genius i3 is a learning place...😂
Posted by Income > 3 hours ago | Report Abuse Posted by Loh Kok Wai W > 17 hours ago | Report Abuse income dulu nama ular... Mr Loh is right, genius i3 is a learning place...😂 ? xiaoeh,what do u mean?
Income sifu it doesn't who we are that matter it is what we learn from here i3 matter maybe i'm the one Ular which nobody detected ever since i disappeared or maybe i'm the one Mr Huang, i3Lucker or maybe i'm Mr Loh who knows... just enjoy learning in here i3 😂
This Auntie Huang Bok Kai 🥒 is a dumb investor. She follows IB sing the same song.
Demand is increasing 20% to 30% MoM, production capacity increased from 50% last year to 70% now. ASP price going to fly to the moon..this joker is looking at exchange rate only.
I have locked profit in TG for 4 rounds in past 6 month. Now already placed my bet for this 5th round profit.
This dumbass was conned by China President Xi during CNY. Now she going to be conned again by President Xi for 2nd round. China economy is very very bad now, only time could save China. 10 President Xi's boosters cannot save China. 内优外患你懂条铁!
Posted by Huangbk72 > 5 hours ago | Report Abuse
Cannot support gloves for now. Worried USD - MYR hit 4.00 and below
Then confirm TG masuk ICU. Today: HLB bank buy rate 4.03 MBB buy rate 4.05
Eh Coconut Felix.. U posted same message using Jeffrey
U forgot to change id and using edwing now? 🤣🤣🤣
Posted by edwing9981 > 17 seconds ago | Report Abuse
This Auntie Huang Bok Kai 🥒 is a dumb investor. She follows IB sing the same song.
Demand is increasing 20% to 30% MoM, production capacity increased from 50% last year to 70% now. ASP price going to fly to the moon..this joker is looking at exchange rate only.
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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....
AngAngBoHaiLang
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Posted by AngAngBoHaiLang > 1 month ago | Report Abuse
aiyo~~today very down, felt like monday blue