During bull run, any news will likely push up price.

Phase 1 in Q2 2021 12 production lines, Phase 2 in Q4 another 12 production lines. Customers from US n Europe. May increase to 100 production lines in future. They r poised to become the 5th largest glove maker in Msia

This post has been edited by Taikor.Taikun: Oct 17 2020, 08:58 PM

Possible another SPMX in the making?
That is some serious production.. news source?

This post has been edited by yehlai: Oct 17 2020, 09:47 PM

Could be. Insider news

No wonder price rise so much. Didn't expect such a sharp increase but well, if 5th largest it make more sense now

So far the official info is

6 production lines expected ready for operation Q2 2021, followed by another 6 production lines by Q3 2021

I got it from ppl in the industry. I could b wrong

After covid finish willl glove counter still relevant?

There will always be demand for gloves but will final price be lower than even before covid (more supply than demand) --there is a possibility because so many companies plus current one is building/expanding glove factories. Sri Trang already said they want to become the largest glove maker in the world.

Right from the start, this is what I worry the most. If I feel that glove price (1-5 years later) will still be higher than before covid, it gives me more confidence to hold gloves LT but without that assurance, hard to hold for too long.

don't be confused.

comfort is no. 6 and has 53 production lines, production 6 bil.

to be no 5, u need to beat riverstone, production of 9 bil.

they and the big boys have taken >30 years to get there.

Mahsing CEO say they gonna expand to 100 production line (with no timeline) and aim to be top 5 player..

6 lines on Q2 + 6 lines on Q3
50 lines means until when.. not to mention 100
what is the demand that time?

This post has been edited by yehlai: Oct 17 2020, 11:30 PM

Thanks

WAH still can buy ?

Retailers tend to chase uptrend.

Even their property value can drop 50%. What about stock? Be cautious guys

from property developer then, now diversify into rubber glove manufacturing (Mah Sing Healthcare Sdn Bhd)


Mah Sing shareholders give nod to rubber glove venture
https://www.theedgemarkets.com/article/mah-...r-glove-venture