KLSE (MYR): DPS (7198)
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Teh Diven
4,155 posts
Posted by Teh Diven > 2020-09-12 05:57 | Report Abuse
Takeaway of the interview on 8TV Money Matters (11.09.2020, 9pm):
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- Indicate that next Thurs market cap will likely exceed Public & Maybank
- Be patience, results will be good.
- on competition, gloves is competitive as it is global biz. There r 250 factories globally, but left 20% only
-New entrant to market is natural, but whether they can sustain after 3 years is another question.
-Waiting period .. nitrile 620 days
-emphasising on automation and digitalization in production. TG has 6 R&D centres, with 750 staff, of which 300+ are engineer. 30+ r PHD
-gloves generally up 10% to 15%, but now at 50% during pandemic
-now is 5 cycles in history, but cycle is different
-aim to list in HK next year
-aim to break into Fortune 500 companies after Petronas ( but not mentioned which yr)
-he is now 60 yrs old, want to live till 120 yrs old
- he considers all his 20k staff as his children. Whoever better will lead, not necessary his sons.
Credit belongs to original creator, I just repost... thanks