Top Glove 7113, High speed growth
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 Jan 1 2023, 10:43 AM
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All Stars
48,447 posts Joined: Sep 2014 From: REality 
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QUOTE(icemanfx @ Jan 1 2023, 10:03 AM) These gloves were buried with packaging. Small players exit or being taken over because they cannot have low cost production & also to take profit after years in business....Buying up small players was how tg grew.  |
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Jan 1 2023, 10:56 AM
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Senior Member
4,660 posts Joined: Jan 2003
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QUOTE(nexona88 @ Jan 1 2023, 10:43 AM) Small players exit or being taken over because they cannot have low cost production & also to take profit after years in business.... In essence economies of scaleScalability is needed especially in low margin and price of goods |
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Jan 1 2023, 11:28 AM
Show posts by this member only | IPv6 | Post
#603
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All Stars
21,456 posts Joined: Jul 2012 
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QUOTE(nexona88 @ Jan 1 2023, 10:43 AM) Small players exit or being taken over because they cannot have low cost production & also to take profit after years in business.... Tg is known to undercut small players on purpose to push them to fold before offer to buy at low price.This post has been edited by icemanfx: Jan 1 2023, 11:30 AM |
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Jan 1 2023, 01:22 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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QUOTE(icemanfx @ Jan 1 2023, 11:28 AM) Tg is known to undercut small players on purpose to push them to fold before offer to buy at low price. U mean selling prices??Then yes... Because economy of scale... Production cost is lower... |
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Jan 1 2023, 01:23 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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QUOTE(xander2k8 @ Jan 1 2023, 10:56 AM) In essence economies of scale The bigger the better....Scalability is needed especially in low margin and price of goods Smaller players cannot really survive long term... |
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Jan 1 2023, 02:00 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(nexona88 @ Jan 1 2023, 01:22 PM) U mean selling prices?? When small player depends on one or a few big customers, tg is known to undercut price to cause competitors to go out of business then offer to buy competitors for a song.Then yes... Because economy of scale... Production cost is lower... |
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Jan 1 2023, 05:18 PM
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Senior Member
4,660 posts Joined: Jan 2003
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QUOTE(icemanfx @ Jan 1 2023, 02:00 PM) When small player depends on one or a few big customers, tg is known to undercut price to cause competitors to go out of business then offer to buy competitors for a song. That is what happening to MahSing |
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Jan 4 2023, 01:18 AM
Show posts by this member only | IPv6 | Post
#608
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Junior Member
48 posts Joined: Dec 2022
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Should have bought around 60 cents.
Seeing some uptrend now. |
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Jan 4 2023, 04:33 AM
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Senior Member
4,660 posts Joined: Jan 2003
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QUOTE(Truth Angel @ Jan 4 2023, 01:18 AM) Should have bought around 60 cents. Only because China Covid now once it subside during mid year you will see more on pressure on TGSeeing some uptrend now. |
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Feb 26 2023, 11:17 AM
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All Stars
21,456 posts Joined: Jul 2012
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Malaysiaβs rubber glove manufacturers must now submit comprehensive audit reports clearing them of forced labour practices before they can sell to the UKβs National Health Service (NHS).
https://www.malaysiakini.com/news/656487 chicken is coming home to roost |
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Feb 26 2023, 05:34 PM
Show posts by this member only | IPv6 | Post
#611
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Senior Member
4,660 posts Joined: Jan 2003
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QUOTE(icemanfx @ Feb 26 2023, 11:17 AM) Malaysiaβs rubber glove manufacturers must now submit comprehensive audit reports clearing them of forced labour practices before they can sell to the UKβs National Health Service (NHS). Nothing new already π€¦ββοΈhttps://www.malaysiakini.com/news/656487 chicken is coming home to roost Hartalega been doing that since before Covid as they been selling mostly to medical industries |
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Feb 26 2023, 08:31 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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QUOTE(icemanfx @ Feb 26 2023, 11:17 AM) Malaysiaβs rubber glove manufacturers must now submit comprehensive audit reports clearing them of forced labour practices before they can sell to the UKβs National Health Service (NHS). Good luck π€https://www.malaysiakini.com/news/656487 chicken is coming home to roost Especially for TG ππ During MCO... Can see how they do the business... Typical... |
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Feb 26 2023, 08:35 PM
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Senior Member
1,589 posts Joined: Sep 2011
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QUOTE(nexona88 @ Feb 26 2023, 08:31 PM) Good luck π€ TG compliedEspecially for TG ππ During MCO... Can see how they do the business... Typical... |
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Feb 26 2023, 08:53 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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QUOTE(kelvinfixx @ Feb 26 2023, 08:35 PM) TG complied Oh really...Seriously... With all the issues highlighted previously... Good then π |
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Feb 26 2023, 09:16 PM
Show posts by this member only | IPv6 | Post
#615
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Senior Member
4,660 posts Joined: Jan 2003
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QUOTE(kelvinfixx @ Feb 26 2023, 08:35 PM) TG complied Yes they and Hartalega were the ones who complied earliest unlike Comfort Gloves QUOTE(nexona88 @ Feb 26 2023, 08:53 PM) Oh really... The bad apple was Comfort Gloves π€¦ββοΈ and this audit is nothing new just that during the pandemic no bother to comply it because it was an emergency situationSeriously... With all the issues highlighted previously... Good then π |
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Apr 4 2023, 01:20 PM
Show posts by this member only | IPv6 | Post
#616
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(premier239 @ Apr 4 2023, 12:43 PM) wife used husband retirement fund of RM720k to goreng saham during covid mana tau lost semua husband angry n beat wife when they were at temple husband thought she's ok n angrily left her there when wife was found by others next day, it was too late when sent to hospital, she didnt make it thru n passed away |
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Apr 4 2023, 01:36 PM
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Junior Member
227 posts Joined: May 2022
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QUOTE(icemanfx @ Apr 4 2023, 01:20 PM) are we those who earn money from them also partly responsible for this? there are many things that SC can do. those buy call rm30, rm110 one no need responsible? |
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Apr 4 2023, 04:17 PM
Show posts by this member only | IPv6 | Post
#618
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(square2 @ Apr 4 2023, 01:36 PM) so what lesson can we learn here? Punters make profit don't share with guru. Punters want guru to compensate for losses?are we those who earn money from them also partly responsible for this? there are many things that SC can do. those buy call rm30, rm110 one no need responsible? This post has been edited by icemanfx: Apr 5 2023, 02:30 AM |
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Apr 4 2023, 07:52 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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Seems like there's fire in TG factory in Negeri Sembilan...
There's many rumors going on... Especially sabotage attempt by those "abused" foreign workers..... Anyway... Not really effect on TG... 1% only overall βΊοΈ |
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May 23 2023, 10:08 PM
Show posts by this member only | IPv6 | Post
#620
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All Stars
21,456 posts Joined: Jul 2012
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According to a friend in the industry; production cost of gloves is USD 18 to 23. Current selling price is USD 19 to 19.50. Not too long ago, PRC was selling at about USD 16 to capture market share. |
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