I really wonder about this. While it is true that Malaysia alone is responsible for a big chunk of the gloves worldwide, question remain, do the world outside of stock trading knows about this? In the end, we remain an OEM, much like Foxxconn is to Apple. I think Malaysia has a lot of catching up to do about brand recognition. Supermax, which has their own in house distribution in Europe, which analysts said over and over, should help them get better margins, but have a look at their profit, not impressive.

Pre H1N1, glove industry didn't get the limelight. My client used to service one of the glove makers, said dealing with them give you one of the lowest margins. Yes, they may had volumes, but ridiculously cheap.

You know how many lines Hartalega want to add? Whopping 72lines. That's more than what they currently have. Its a war out there. No one knows how it will end.

The reality was NR gloves is dirt cheap, low margin stuffs. That's why the industry is not looking good. Hartalega came into picture in 2008, took off with 90% Nitrile. Back then when I started dealing with the suppliers to Hartalega, I was sceptical when I was told this is extraordinary, I never believe after looking through TG report. Seeing how Hartalega took off from a RM2 debut all the way till it is now still sounds like fairy tale. Smallest production lines of all beats industry leaders profit.

That's why all scrambling to install Nitrile lines. Kossan was first to copy. Hartalega also scrambling now because they only produce 13b, and others are catching up. I think Hartalega also will start to suffer deterioration in profit margin from here on, but luck is on their side. Their machine is the fastest, automated. Secondly, they use better materials for machines. I hardly did any repairs related, unless its caused by fire breakout. Their gloves is thinner than Kossan's, lower cost.

Nothing is guaranteed moving forward.

Today will be the last day of the run. I think the appetite still there. I think around high 130-140. Im parting too if I can get 50% profit. Time to look away and let it consolidate before moving higher.

This post has been edited by andrekua2: Mar 25 2014, 08:44 AM

135 will be 50% for me and looking to sell...

Was monitoring then internet down for few minutes... on back, already boom...

Misses out on FRB cause focus too much on Insas

This post has been edited by andrekua2: Mar 25 2014, 09:56 AM

Insas is revived!!!

If yesterday you didnt sell and sit on paper profit, you would be stable like gark...

If you bought below RM1, what is there to worry...

gark kor average up also steady... nothing to worry... shark is in the house.

Malton climb on HO HUP JD?

Looks like Insas is trapped... forcing retail buyer to sell to them...

It will be a long time before it catch the fever again based on previous experience...

A bit regret set my selling price too high... Now seem like 110-115 very possible this week.

It is not that I had no confident. Otherwise I would sold it long before it rally. Hold for a month liao.

I just want to trade around and find others with good valuation and potential upside. Insas is good, but sideways for too long sometimes.

Buy rate drop from 66% to 51%...

The net is set liao, rounding up the ikan bilis in circles... see which ikan bilis wanna jump out

Insas going down fast...

This post has been edited by andrekua2: Mar 25 2014, 11:40 AM

Dump Insas @ 118... was tempted to grab at 114 but not greedy enough.

I think I will buy again if this week can hold above 120.

Inari alway out perform unlike Insas.

Switching to malton

My bro took the risk and enter 2.63 this morning... I think 20% off TP is quite risky liao at this price.

EPS quite low woh?