According to HLT the claim is frivolous and vexatious. Basically no merit. If so HLT will win with probably cost awarded to HLT. HLT can also counter claim.
Court cases between companies are common. Even big / huge companies sue each other.
What is more important is the performance of HLT especially during this difficult times. During the MCO periods when there were restrictive movements, they could still generate impressive PAT. This is commendable and exemplary.
Surveys in the US, Canada and believe many others parts of the world show that a huge population will not accept / inject vaccines that have not been vigorously tested and proven to be 100% safe without any side effects which could harm your organs, etc. This normally takes years. My family and I will definitely wait until its 1000% safe. Until then PPE is the best protection – masks and gloves. So glove will definitely be in demand for the foreseeable future. (Just my opinion).
* CORPORATE NEWS * Friday, 04 Oct 2019 SHAH ALAM: Top Glove Corp Bhd
will allocate about RM600mil as capital expediture (capex) for the financial year ending Aug 31, 2020 (FY20) compared with RM632.17 million capex set for FY19.
The world’s largest glove manufacturer is expected to see its annual manufacturing capacity improves to 84.1 billion by end-2020 from the current 63.9 billion, with its production lines increasing to 876 lines from the current 682 lines.
Supermax is optimistic on FY2020 By Farah Adilla November 29, 2019 @ 3:43pm
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
Supermax is spending RM1.1 billion to increase the production capacity from the current 24 billion pieces per annum to 27.4 billion pieces by 2020 and 44.1 billion pieces per annum by 2024.
There is more than enough glove demand (huge) for any glove company that is able to supply quality medical gloves. The pie is huge. Even with the expansions the top 4, 2nd and 3rd tier glove companies are unable to meet these demands. This includes HLT. (just my opinion).
Now we know you bought the others counter share and hope to discourage ppl here to go to ur counter..
By the way, HLT will go up disregard all ur comment.
Moreover market is up, breakeven or down. Nobody can deny. Those think this counter is good better rush in tomorrow while stock last before being push up higher.
This mikecyc been a while never take his medicine since he’s out fr hospital. May God bless him and give him fast recovery.
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....
Mikecyc
46,663 posts
Posted by Mikecyc > 2020-09-02 19:33 |
Post removed.Why?