expensive flu shots never make the flu go away, because flu virus mutate fast, no vaccine can catch up, only our immune system can prevent it.

So what happen if budget not approve? Does it mean moo has to step down n parliament dissolve?

SAMAIDEN.

Shit, How to buy SLVEST now... omg.. biggest slap to myself.

eh today most posts abt gloves?

lol . thought all doom & gloom, RIP etc ...

Ruberex just posted their QR. Enjoys

glove makers shareholders should read this:

Lol if covid extend for 4 more years we are essentially fucked.

yeah. and when that happens will the ASP go up or down?

Oh yes. Most is in agreement that profits will be insane/obscene/crazy/fatt like crazy/super gila profit/ for 2021 ....

that issue is without doubt (at this moment) ... all is in agreement.... no one is challenging or disputing this fact.

what is in concern is the 2022 numbers. (2022 is actually not that far away)
issue is the ASP.

repost ....

https://www.theedgemarkets.com/article/asp-...-says-top-glove

Quote: Top Glove Corp Bhd has guided that the average selling price (ASP) for its nitrile gloves will increase by 30% in October, 15% in November and perhaps another 10% after November, as outlook for the group and the glove industry remains promising.

As of this month, the group's ASP for nitrile gloves stands at US$70 per 1,000 pieces. Nitrile gloves production occupied almost 60% of the total group's production, while the remainder comprised latex and vinyl gloves.


TG own guidance hor.... 70 X 1.3 x 1.15 ~ US104.65 per 1000 pcs.

and from this Edge article... we can make comparison....

https://www.theedgemarkets.com/article/sell...w-signs-peaking

Quote: On average, the current ASPs of nitrile and rubber gloves are US$50, and US$30 to US$40 per 1,000 gloves — more than double the pre-Covid-19 levels of US$21 and US$17 respectively.

ASP will be more than triple come end of the year....

This is the boom boom boom factor .....

--------------------

So say we take B as the number of gloves a factory sell per quarter....

And my simple math  is ........

Sales = B x ASP ....

The higher the ASP goes .... the value of the sales will increase... which ultimately means higher profit.

But now, for this instance.... can TopGlove maintain its ASP which has basically increased from US17 to US104.65 ?

Can this profit multiplier be maintained? 2021? looks like no problem at all...

But the issue from since Sep is can this insane ASP be maintained? If ASP drops to US70? .... profit will still be insane but if compared to 2021 it will represent a huge decline.

just asking for your views, which one you rather invest?   

Stock	Sector	Industry
SCGM	Industrial Products & Services, Main Market	PACKAGING MATERIALS
DAIBOCI	Industrial Products & Services, Main Market	PACKAGING MATERIALS

is SCGM making N95 masks?

EPF is incr stakes in almost ALL of them, particularly kossan.

next week, we will know from bursa filings what it did it the last 2 days of sell off.

if it continues to incr TG stake significantly, chances are it will take part in the planned HK listing.

anyway, this afternoon, closing will give indication if the sell off will continue or not.
SPMX - this is the acting general now defending the fort!

GETS carrying the market today

any reason not to buy at opening price if u were going to anyway?

a bit conflicting, are u expecting budget pass therefore buying in advance or u don't see any effect?

weak holders especially for gloves who bought in to the rumors that budget will be rejected basically upcar-ed