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 Top Glove 7113, High speed growth

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annoymous1234
post Sep 27 2021, 01:12 AM

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Does China have so much access to raw rubber like Malaysia? As I know Malaysia has natural rubber resources. That's a advantage for glove industry in Malaysia.
annoymous1234
post Sep 27 2021, 01:25 AM

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QUOTE(xander83 @ Sep 27 2021, 01:19 AM)
These days you don’t need so much rubber for gloves as you can see from nitrile gloves  doh.gif

Malaysia has the advantage because they have nitrile raw material with petrochemical access while China is still importing it from abroad but the scale of production trumps easily within the next decade
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Anyway, no one knows the future, it's too early to say anything unless we see it with our own eyes. If in 2019 someone were to say top glove will shoot up to rm23, nobody will believe. No doubt the profit for glove will reduce, but whether China will succeed in glove manufacturing or not, that remains to be seen.

If people are so positive that china will take over Malaysia glove, then isn't it a good time to buy China glove stock now (if there's one)? It will shoot up in the next decade. Should start accumulating now

This post has been edited by annoymous1234: Sep 27 2021, 01:31 AM

 

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