The world's largest vaccine maker will halve the production of its Covid-19 vaccine because it has no fresh orders, its top-ranking executive has said.

India's Serum Institute is sitting on a stockpile of half a billion doses of Covishield, the local version of AstraZeneca's Vaxzevria jab, the firm's CEO Adar Poonawalla told CNBC-TV18.

https://www.bbc.com/news/world-asia-india-59574878

Similar stockpile could occur for gloves.

This post has been edited by icemanfx: Dec 9 2021, 07:28 AM

KUALA LUMPUR (Dec 10): Top Glove Corp Bhd reported on Friday that its first quarter (1Q) net profit dropped sharply to RM185.72 million from RM2.36 billion a year earlier on lower revenue.

In a statement to Bursa Malaysia, Top Glove said revenue fell to RM1.58 billion in the first quarter ended Nov 30, 2021 (1QFY22) from RM4.76 billion a year earlier.

https://www.theedgemarkets.com/article/top-...6b-year-earlier

Don't shoot me, i am only a messenger.

who buy glove stocks when omicron came into news?

U should look at Topglove own share buyback

Total about 200mil shares purchase, average price paid RM1.4bil+, average price RM7 per share

Now trading at RM2.20, that's lost about 70% in paper, meaning the share buyback has cost the company losing about RM1bil on paper

Made posting on it b4...

2.08 that's the number to watch for.

Below it....that's a billion ringgit gone.

today hit liao...

now see if will eventually hit 1.6 or not... lol

who's the guy say 2.6 is good value can start buying

too bad face palm guy suspended... he say strong support 2.3... lol... sometimes miss his garbage posts... lol

it seems nitrile glove price in november 21 was at pre-pandemic level. forecast q4/21 profit is >30% lower than q3/21.

gain of nitrile glove export were mostly from anhui and jiangxi province. it seems china producers have taken substantial market share from mys.

This post has been edited by icemanfx: Dec 21 2021, 12:10 AM

When everyone fears it is time to enter. Rule no.1 do not follow the majority

Catching a falling knife could end in injury.

For reasons, most herd members end in slaughterhouse or over the cliff.

As long as the company is fundamentally viable operating with slow CAGR it is worth for long term accumulation. Never ever follow others But the company future prospect

In glove production, heating is a significant cost and not viable to run production line at below full capacity.

Given supply > demand in the industry, profit margin will likely razor thin and some may operate at losses.

Supply > demand? 🤣🤣🤣🤣🤣🤣🤣🤣. We need more people who are not in healthcare line like you🙈. My Gentle advise read more news all over the world.

Wahhh... why so not gentle comment?




Glove supplies have indeed increased tremendously the past few months.... all the big local players have had (in the midst) massive capex and we have many new players too locally...

Oversupply had always been part of the glove industry.

Lol. Just trolling 😛😛 those who are in healthcare Line know demand would not be enough. No doubt alot Small players coming in and competition from other countries. History has told us again and again What happen to them. Actually more grateful ppl afraid. Hehe….

The small new players are really ikan bilis la ....

I remember when Covid first started, TG already announced plans that it will increase its gloves produstion from 75 Billion to 100 Billion in 2020.
By end this year, the target is supposed to be 120 billion.

120 billion gloves hor....

it's not something u can eat or every tom, dick and harry will buy.

current index prices for glove counters are normal IMHO since they rocketed to high last time.. even oil can go -ve once when demand still high then not impossible for glove to drop to unimagine rate before stabile. So long they can hold and dont go bust to early then it will be business as usual in next couple of years.

Ya.. what do you think the unimaginable prices will be? Below 1.50? Or below 1.00? Or even 0.80?

And how long b4 business stabilise?

Will oversupply cause selling prices decline for more than a decade?

Lol. Go figure out How much total population in this world and How much disposal gloves being used daily. Go do Your own study. Dont want feed You all🤪🤪🤪🤪🤪.

LOL. So your point is........?

Better avoid gloves dont buy😜😜😜. I buy go Holland first🤣🤣🤣