If its Nike should be another blowout quarter for Magni, depending how much of their sales % is contributed by Nike. Just looked at US & China retail sales number, would get a good estimate.

Well i missed out on this, i hope you bought at the bottom then i think should be quite a value buy.

I have always like local manufacturing with strong export exposure. Malaysia strength lies in external market rather than local.

Let's say,

With so many varient strain of covid19, What if annual booster shot is required? Gloves Consumption will be elevated

And the new invention of MRNA, more cure is coming up and more vaccine will be injected to public, boosting health awareness and gloves demand.

Just blow water only la. This is not a recommendation nor a buy call. Have to look into other countries glove production too.

although Bursa has many green today, the $$$ is still pathetic.


the description is "the ignorance selling to the smart when the stock is on weakness".

Nike is so big for them, a regular risk topic is single customer exposure. See the minutes of AGMs, it pops up from time to time.
I bought some near the bottom of the drip and like most good investments, perhaps I felt I should have bought more.

The price right now, I would say the ship hasn't sailed yet but you'll have less of a margin of safety.
After checking the market, I'm keen today on another local manufacturer with foregin exposure. Haven't decided to hop or not.

Edited : Decided against. Already holding a significant size and probably shouldn't ramp. Cash for now.

This post has been edited by statikinetic: May 18 2021, 12:14 PM

Supply also ramp up, with newer factories and newcomers as well.

Vaccination is not the primary usage of glove or reason of glove ASP went up but pandemic.

Glove is not mandatory in vaccination in some countries SOP, which was discussed or pictured before in this forum also when the first shot of vaccination starts in western countries back last year end.

vaccinations does not incr glove (or any PPE) usage much.

the incr will come from a "structural change in hygiene awareness and use", i.e. more places, more industries will be using.

this has been said by glovemakers and 3rd party consultants... up to one to trust that or not.

a stable balance of supply vs demand is quite some time off, won't see it for next 2 years, imo, as everyone is expanding, some will close shop.

the next QR from TG in early June may throw some light on the latest situation.



btw, dividend ex-dates coming up - harta 21 may, spmx 24 may.

for glove, we can guess many scenario, but it's just probability. If you invest in probability, you are playing with fire because your margin of safety might be wrong.

just do what you are comfortable with.

do you feel comfortable if you just calculate the intrinsic value by taking the pre-pandemic ASP x the new capacity + the cash on hand generated from this super profit period?

any extension of super profit will only generate more cash to add into the intrinsic value.

finally O&G sector start moving after brent oil rebound

Frontkn suddenly jumped.

nasdaq looking to rebound tonight... so, all techs are up.

Inari, i averaged yesterday at 2.99... hope it stays on track!

all tech charts now look same - "double top"?!

D&O... +10%... ehem...!

CA show me oil will have a turning point 3rd week of May (small turning point) and final week of June (the big one).

Hopefully you guys can benefit by starting to strategies your position in O&G like I did with gold.

I did highlight gold and silver last month based on CA.

Fuuuhh !!!

SQ, have you done a full risk/reward? Is this bet justifiable?




Regarding forex...

Yes, currency does have an impact but given the current scenario, the Selling Price, just dwarfs the importance of the currency fluctuation.

Sales revenue = Numb gloves sold x Selling Price x Currency

Now if using USD, the USD fluctuated between 3.99 and 4.37 the last 52 weeks....

The Selling Price ... this multiplier has really blown up. This is the game changer factor.

And once again, glove makers themselves has informed the analyst briefings that selling prices has gone down... 15% in May?
Now that will only reflect in another 3 months time.

This is why the forex factor will be dwarfed if the selling prices falls as badly as indicated.


wanna try do full risk assessment yourself?

it looks like the world is now short of everything... semiconductors, iron ore, containers, food, vaccines...

perhaps this is the final tell tale sign - too much cash chasing a shortage of essential goods = hyperinflation looming...?

This post has been edited by AVFAN: May 18 2021, 03:25 PM

squarepilot

and I have left out the point that most glove makers do forward currency hedging. Harta included. Pg 14. of the qr report.

this is the reason why I say Jerome Powell and Janet Yallen are bullshit-ing.

only those without knowledge and experience will believe their words.

CA showing me things that are so persistently same after every month of updates with latest world economy billions of data.

Study back history you can know what will follow when oil price double up within a year.

Study back history you can know what will happen when bond market bubble burst.

War cycle that I mentioned few months ago has been persistently happening. Trade wars, Myanmar, Israel, whatever.

We are very near already. This opportunity happen only once in every 10 years.

I laughed when Biden launch major infrastructure projects to move the US economy. This only give opportunity for China to speed up the inflation.

Everything happen for a reason. If you can see through things, you would not believe there is random walk in market.

The smart money going into sector and position themselves well before the hoo-haa and retail investors chase in when all good news announced.

The rich is controlling the world and one of the major reason cryptocurrency thrive because the young ones are fed up of it.

Well shorties are professionals. They have unlimited resources, bullet, media coverage etc (just assuming )

current short has increased, almost two fold from this afternoon.

TG - 1,219,600
Spmx - 53,200
Harta - 345,400
Kossan - 0

kept pressing it against the current buy volume. doesnt wanna let it go >1%

TG - that's 14% of vol; harta 11%.

the dog does not wanna let go of the bone!

Nope I didn’t. I’m just sharing what I’m seeing so far
As per your saying. I’m just sitting doing nothing with my investment so far. Not buying nor selling gloves shares

Looking at tech rebound 😀

O&G.
Tell me more about what you see in the industry.

But since you still have, why don't you?


Sometimes, you do need to take profit, even if it is an investment.


Simplicity sake...

Current extreme profits. Ask yourself, what are the chances that such profits be repeated?

If no... then how?