For Harta (since its QR is way below expectations - at above 50%), maybe big players are slowly selling.
Any sudden huge selling volume can trigger significant price drop, making them unable to sell at good price.

For other gloves, maybe people are starting to realize the required PAT is too high (will only be proven when QR is released), slowly selling too?

Just my 2 cents

If glove mati today, hopefully people kisiao and go for pharma counter lol

Lol all the BNM nonsense saying will hurt banks while they swimming in cash. Credit card debt no moratorium also.

It's more simple.

Demand will always be there for gloves.

Key is... at what price? Pre covid is 19usd. Now is about 120usd.

Can above 120 or 150 last forever.?

If cannot... anything less than 100usd.. TG will earn less than 5 billion.

Which is actually real good but damn.... it stinks if compared to current expectation of 10 billion.

If and when c19 ends... demand of gloves will still be there. But at what prices? Usd19? Well look back at 2019 numbers...

This is why... even if falls to 3.50, it's a no go stock for me.

Kesian our rubber tapers... Duit tarak chance untung tapi kerja lebih

  Malaysia also got pirate hijack rubber gloves?  

May I know where can I view the prospectus?

@值得注意的是，未来5年全球手套销量将维持快速增长趋势，但价格却不会长期维持高位运行。弗若斯特沙利文预期每千只手套价格在2020年达到52.9美元高点后将快速回落至2022年每千只33.5美元的价格，价格下跌的趋势将长期持续。

from topg prospectus.

not sure available to local.

Sifus,
If TG in trouble by US, is there any chances that others Glove Maker will rise?

As if supply from thailand, china, vietnam, etc is irrelevant.

Please check new supply from china. how many lines they have added in the last 6 months and how many more lines in next 6 months.
ev is nothing new or revolutionary. vw, mercedes, toyota, honda, nissan, bmw, geely, etc all have the know how to make and are expanding their ev manufacturing.

Then you better reload your favourite counters before they double in price.

wow.. careplus apa cerita? can limit up today?

Logically, if compared to the glove makers, it has an advantage cos it is not affected by the glove makers selling price and it 'should hold up' better if a price war escalates amongst the glove makers. But in an intense price war, glove makers will find every way possible to keep their pricing low.. ie squeeze the parts suppliers such as escream for a much lower pricing...

And then the other issue is market sentiments. This could be an issue since our market is not very mature. An intensively negative sentiments in the glove sector could very likely drag stocks such Escream and ignoring the fundamentals.

Check out the warrant. Last I remembered, it carries a discount..

Okay?

most people spat on SPMX's recent QR.

can always find reason to spit on careplus too, i guess.

Rev QoQ +87%
PAT QoQ +192%

net margin 32.69%->51.29% - ASP falling off a cliff?

https://www.bursamalaysia.com/market_inform...?ann_id=3155738
https://klse.i3investor.com/servlets/stk/annqtyres/0163.jsp
https://www.theedgemarkets.com/article/glov...ong-top-gainers

BTW, TG's LWC et al buying again... maybe next QR is a monster one?!

Wow... Finally nobody curse JP Morgan liao...

From the looks of it (guesstimate), ASP is still high but seem like less order now. Now if the ASP tank below USD 50 next quarter with even less orders, I wonder if more dumping will come... Price war might come earlier than anticipated. How many glove stock will become penny stocks in 2022?

YES it can but however, what does this imply?

QR profits for the current fiscal year will then read... 2.3 Billion > 2.8 Billion > 2 Billion > 1 Billion

Not a nice read, yes? That's a 50% declining on a Q-Q basis....

Dividend policy? Still gonna maintain at 50% + 20%? If so, then the dividend will be only around 8.4 sen.

Big question? Will the market be happy with such numbers? Will you?

I wonder if eventually people in KL, Selangor take to the streets?
Why? Because of the EMCO? Isn't EMCO about the same as FMCO and doesn't cover all areas. Expect lots of confusion and samans, then retract.
On a separate note, it is amazing what they are doing. Instead of listening to analyst to soften the other states to Phase 2 or 3, the govt go all in. Will it be effective? I doubt so, especially with the ongoing vaccination program where people need to travel to have their injections.

I seriously think after the white flag, if things still above 5000 cases for the next week, people will take to the street if PN continues this path. No news of when Parliament to reopen plus the latest measure. I give them one week max before things get a lot more serious. I sure hope it doesn't get to there.

I'm looking forward to invest in oil palm shares because oil palm is not like gloves and it will takes years to cultivate for harvest

Fuh Supermax profit dropped 92.5% QoQ.