It is disposable thing unless you keep recycle🤭

While on your long haul journey, enjoy the scenery.

This post has been edited by icemanfx: Oct 2 2022, 07:48 PM

Always long term but dont have topglove👻

Retrenchment & salary cut by 20% is in the line for Top Glove work force.

serious?

Yes. Some staffs already start leaving.

Meanwhile, Hartalega buys land for RM54.32 mil to facilitate expansion plan

https://www.theedgemarkets.com/article/hart...-expansion-plan

Topkekw... still discussing glove sector...

Numbers are so apparent, but people are greedy as usual. Delivered the warning multiple times back then about overcapacity.

I dont think it matters if it is well managed or not. The problem lies in capacity alone. The demand is not there before, and will not be there after. Just keep in mind, utilisation rate are between 60-70% pre-covid. Hartalega expanded, Supermax almost doubled their production capacity, not to mention the smaller players. The only good news is TG didnt expand but took over their rivals in Adventa and Mah Sing.

Now just have to monitor movement in China. If China expanded, holy cow the glut.

To glove lovers at that time, this was nOise, noIse, noiSe, noisE, NoIse, nOiSe, noIsE, NoiSe, nOisE,,,,,,,,

This post has been edited by icemanfx: Dec 14 2022, 04:28 PM

Gloves sector cannot already...

All greedy go expend production capacity....
Then how no oversupply....

China also coming on board with their super low cost (don't know how they managed to do that).... And selling price also lower....

Most glove production lines came from PRC.

PRC provincial gomem is very supportive of glove industry and cheaper energy cost.

PRC big players ventured into upstream e.g nbr production.

energy cost in china is not cheap and ours definitely much cheaper, electricity and water.

Facts or assumption?

Suspect that too...
Without gomen intervention.... Don't think can sustain & survive....

CCP is very supportive of export based hence logistics side is cheap

Infra wise can’t say because depending on each provincial government

Water I can say that Malaysia definitely cheaper power wise not too sure but Coal is cheap in China hence might be cheap electricity

facts. coming from china delegates, who want to set up plant in msia.

whom we just had discussion with 2 days ago.

citing raw materials availability, cost of doing business, especially on power and water (ample of supply and cheap) as one of their main reasons to venture out of china and looking into msia as their number one target.

If you want to know why msia, it's palm based product into renewable energy, why not indonesia? power availability may be poorer in further away places, especially in kalimanta, although coming up, but still a distance to go, so indonesia is their 2nd option.

everyone is looking to replace coal, so shifting towards black pellets etc is inevitable.
i dont want to go into lengthy discussion, but net zero is on many large corporation's target and carbon tax is real (coming soon).

Net zero only applies to those legit and listed companies

Not for those China companies as they doesn’t care so long as it is profitable 1st 🤦‍♀️

The only reason why they venturing abroad is to prevent their assets being seized and controlled CCP coupled with tax breaks provided by other countries abroad

If maluhsia cost is cheaper than PRC, FDI would have invested here rather than in PRC, vn and th. Why nitrile and rubber glove from PRC could be cheaper?

Most PRC companies come here to avoid u.s and e.u tariff.

When crypto was legal in PRC, they had the most crypto mining. If electricity is cheaper in this country, why few crypto mining here?

This post has been edited by icemanfx: Dec 16 2022, 11:23 PM