It's got nothing to do with lockdown or not. We all know for a fact that demand for glove will only continue to surge and supply will always trail and lag. However due to IB warrants, manipulation and RSS, the price is being suppressed. So lets play the game and suppress the price even lower. Trap the IBs, manipulators and RSS in their own game. Suddenly the naysayers are backing off. Why? What happen to your fear tactics?
Monday - Lets limit down. In fact double limit down.
dont talk about gloves only la. in Malaysia, current condition, a lot manipulator and syndicate regardless which sector. The only can fly high are -ve earning stocks but later after that dump like crazy. If you back in last year March crash, yes good FA stocks eventually prevail but now FA,TA cannot guarantee you anything, malaysia market is so small for market maker to control, so kacang.
OTHERS 28 May 2021, 18:26 OTHERS OTHERS HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")Temporary Stoppage of HL Rubber Industries Sdn. Bhd. ("HLRI"), a wholly-owned subsidiary of HLT with the manufacturing facility in Kuala Pilah, Negeri Sembilan You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
The Stoppage of work at the Kuala Pilah factory is because of a few Covid 19 positive cases. This is only until full sanitization has been completed 8th June. So just for 1 week.
As a result of the temporary closure of the affected plant, the capacity loss is estimated to be less than 5% of the total annual output volume.
The demand for glove now is driven by mass vaccination. New pair for every dose of vaccine. This is the new norm in the USA, Europe, Australia, Malaysia, Indonesia, India, etc, etc. Also with the many new variants, Covid 19 is endemic (never ending). So booster jabs annually. So the demand for gloves will continue forever and the supply will only lag.
Many gloves may not have FDA approvals like the Malaysian gloves. Yes, you can buy them at Lazada, Shopee, etc at discount but the medical sector will only buy glove that are FDA approved. Its like you buying Rolex / Swatch / Nike / Addidas in Chow kit and Petaling Street.
Singapore Tan Tock Seng hospital - The Nurse was already vaccinated with Pfizer 2 doses. After a few months later she has been infected with Covid 19 and has spread to many in contact with her. Would you want someone like that to vaccinate you without wearing new gloves. ?
whatever QR posted glove theme is over. us Europe covid cases reduced tremendously. more glove player in the loop. Malaysia final lock down then will open up border soon. our life will back to normal by end of this year. no more funds willing to invest in glove stocks
Although many countries start for vaccination, there is still many uncertainty of COVID and it will definitely cant back to normal life in this year, most probably it will be better in year 2022. The worst scenario may not overcome in this year yet. Stay safe everyone.
(Jun 1): Top Glove Corporation's plan to list in Hong Kong to raise up to $1 billion has been delayed as the world's largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said.
The Malaysian firm, which is already listed in Kuala Lumpur and Singapore, flagged in late April it would sell 793.5 million shares in the listing, half what the company proposed in its application to the Hong Kong Stock Exchange in February.
However, the deal has stalled as the company awaits indications from U.S. Customs and Border Protection (CBP) on whether an imports ban would be lifted any time soon, the sources said.
Top Glove did not respond to a request for comment. The sources could not be named as the information was not yet made public. 01/06/2021 1:32 PM X shearer202 Last hope for glove counter also demolished by the news of hk ipo ! Afternoon waterfall !
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....
DreamHunter
10,922 posts
Posted by DreamHunter > 2021-05-27 14:57 | Report Abuse
you go hamtam itu mrdiy loh