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

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).

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?

Once china joins the gloves fray it's GGwp for topglov hodlers.

Keep Lock down... Like sissy....
How to join & flood the market with gloves 😂

Suddenly they getting the new wave...
Thanks to their zero COVID policies...
Late by 2 years...
Others countries already passed that phase 😝

Endless this COVID-19
Keep getting active only

More $$$ for gloves & vaccine manufacturers 😉

Does Malaysian glove manufacturer export to China? Understand China have their own glove factories

The manufacturer of glove can be happy little...
Increase income after the losses...

Over 10 years ago, a batch of rejected gloves were disposed off by burying. during covid19 pandemic, this batch of gloves were dug out, washed and sold. the vendor made over rm 1m from this deal!

buying Chinese glove/ pharmaceuticals companies listed in China stock exchange will be more relevant to the current covid situation in china

No, it was not degraded. After washing, those in the trade couldn't tell the difference.

Recent rise in demand is not expected to last. It seems about 1/3 of production lines will likely redundant.

Small players exit or being taken over because they cannot have low cost production & also to take profit after years in business....

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.

Should have bought around 60 cents.
Seeing some uptrend now.

Malaysia’s rubber glove manufacturers must now submit comprehensive audit reports clearing them of forced labour practices before they can sell to the UK’s National Health Service (NHS).

https://www.malaysiakini.com/news/656487

chicken is coming home to roost

TG complied

Oh really...

Seriously... With all the issues highlighted previously...

Good then 👌

From single digit P/E to now double digit negative P/E. Hero turn to Zero.

Those that bought TG during covid and hold till now can only pray for another pandemic or TG diversified into other industry and goreng from there.

No wonder la Tan Sri become one of the director for Tapiocana Bhd & uses the Tapiocana Bhd fund to fry his own company shares.