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eddyeddy Master	13-Apr-2024 22:28        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	theSunMiniLogo lensIcon Log In hamburguerDisplay Business Demand, prices for medical, surgical rubber gloves rising: Expert 11-04- 2024 06:00 PM RHB Investment Bank says rubber glove sales are expected to pick up by the second half of 2024 given more balanced demand-supply dynamics. ? Bernamapic RHB Investment Bank says rubber glove sales are expected to pick up by the second half of 2024 given more balanced demand-supply dynamics. ? Bernamapic KUALA LUMPUR: The demand for medical and surgical rubber gloves picked up last month despite the prevailing oversupply situation which is expected to be in equilibrium by 2025. Malaysia Rubber Glove Association?s former president Denis Low Jau Foo told Bernama recently that the uptick in demand was due to customers replenishing their stock. ?There was aggressive buying during the Covid-19 pandemic, those stocks are facing expiry. Medical gloves have a shelf life,? Low said. It is this replenishment factor that is pushing up demand, Low said. With demand on an uptrend, prices are also set to rise. ?We are seeing a significant increase in latex price by as much as 28.7%. This means a higher cost for glove manufacturers and this will be passed on to the buyers,? Low said. Rubber glove manufacturers are the biggest users of bulk latex, consuming close to 460,000 tonnes per annum, he said. Weather conditions such as El Nino and La Nina are also instrumental in the price rise and rubber price volatility. Stability is possible from June onwards, Low said. While the uptick in demand is good news for the sector, many glove makers have ?switched off production? because of the oversupply situation a few years ago. ?The glove industry is now running at 50% capacity. It is easy to switch off production. To restart it needs collaborative action by all players. ?The government also has to ensure workers' return, materials and logistics. All these factors need to work in tandem,? Low said. Malaysia produced up to 230 billion pieces of gloves at the height of the pandemic and prices soared to crazy levels, Low said. Between 2020 and early 2022, prices reached US$120 to US$140 per 1,000 pieces versus US$18 and US$20 (RM85 and RM95) per 1,000 pieces today. ?The lowest was US$14 for 1,000 pieces earlier this year in China,? he said, adding that the situation in the sector will be more stable in a few months. Low?s views are in line with RHB Investment Bank?s outlook on the sector. The research house said sales are expected to pick up by the second half of 2024 given more balanced demand-supply dynamics, leading to improved profitability. RHB Investment Bank is overweight on the sector. It sees the industry?s ?excess capacity gradually phasing out?. It should achieve demand-supply equilibrium by the end of 2024/2025, it said. It also expects price competition from Chinese peers to gradually subside, due to rising quality concerns with ?higher rejection rates from the US, and as Chinese players? pivot towards sustainability?. Kenanga Research reiterates that the current challenging and competitive landscape will persist throughout 2024. While some players have returned to the black, the tepid profitability does not support lofty valuations, it said. ?The industry will continue to face massive oversupply, predatory pricing by certain overseas players, weak demand and high cost of inputs such as nitrile butadiene rubber and latex. Nitrile butadiene rubber prices have moved up since the fourth quarter of 2023,? the research house said. On a slightly brighter note, it said further decommissioning of older production facilities locally should help to ease supply pressure. As for the price of latex, Kenanga expects the price to rise due to low production during the ?wintering months between December and May?. Year-to-date, prices have risen by 8% with buyers walking away whenever there is an attempt to raise prices, Kenanga said. ?Chinese manufacturers are still selling at US$16− US$18 per 1,000 pieces, which means any attempt by Malaysian producers to raise prices is likely to result in losing market share,? Kenanga said. ? Bernama
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MrBear12 Supreme	08-Apr-2024 14:56        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	O mighty Caesar, You are asking for bear trade secrets! They are plainly evident everywhere on Share junction as you have described. Wherever bear has been, salmon has been found. But don't follow him. Bears are solitary. They need space. They are neither bearish nor bullish. Trade position neutral Caesar      ( Date: 08-Apr-2024 14:42) Posted: MrBear, you seem to be everywhere in this forum. Overall you sound more bearish than bullish. Using your bear instinct, where can one find real salmon fare? MrBear12      ( Date: 08-Apr-2024 13:50) Posted: No denying the power of waves. Hunting for waves is exciting. But waves can help you surf or kill you. Hard not to get excited by what is happening on some other threads, counters chiong ahhh 10 to 15 % and catch the eyes of market watchers. But to bears , this is merely market NOISE. And bears have a good knack for distinguishing what is real salmon fare and what is just nature's loud sounds that attract, but do not ultimately satisfy him dragging out his huge frame just to take a look at what is causing the noise. Trade quietly ignoring noise.
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Caesar Master	08-Apr-2024 14:42        Caesar About Contact  Quote this Post!
x 0   x 0  Alert Admin	MrBear, you seem to be everywhere in this forum. Overall you sound more bearish than bullish. Using your bear instinct, where can one find real salmon fare? MrBear12      ( Date: 08-Apr-2024 13:50) Posted: No denying the power of waves. Hunting for waves is exciting. But waves can help you surf or kill you. Hard not to get excited by what is happening on some other threads, counters chiong ahhh 10 to 15 % and catch the eyes of market watchers. But to bears , this is merely market NOISE. And bears have a good knack for distinguishing what is real salmon fare and what is just nature's loud sounds that attract, but do not ultimately satisfy him dragging out his huge frame just to take a look at what is causing the noise. Trade quietly ignoring noise. SmallSmall      ( Date: 08-Apr-2024 13:42) Posted: But first wave of move can also be very powerful as proven before. Just look at LS 2. Thi smorning was up only $0.005 or thereabout. Now up $0.017 to $0.095. Of course if run too long then don' t chase lo
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eddyeddy Master	08-Apr-2024 13:59        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buying not serious
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MrBear12 Supreme	08-Apr-2024 13:50        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	No denying the power of waves. Hunting for waves is exciting. But waves can help you surf or kill you. Hard not to get excited by what is happening on some other threads, counters chiong ahhh 10 to 15 % and catch the eyes of market watchers. But to bears , this is merely market NOISE. And bears have a good knack for distinguishing what is real salmon fare and what is just nature's loud sounds that attract, but do not ultimately satisfy him dragging out his huge frame just to take a look at what is causing the noise. Trade quietly ignoring noise. SmallSmall      ( Date: 08-Apr-2024 13:42) Posted: But first wave of move can also be very powerful as proven before. Just look at LS 2. Thi smorning was up only $0.005 or thereabout. Now up $0.017 to $0.095. Of course if run too long then don' t chase loh MrBear12      ( Date: 08-Apr-2024 10:55) Posted: All these covid period only performing stocks, including Med tec, riverstone, as long as they stay afloat, will make big profit in another health crisis. I don't see one anytime coming, so can relax and just sit on sidelines
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SmallSmall Supreme	08-Apr-2024 13:42        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	But first wave of move can also be very powerful as proven before. Just look at LS 2. Thi smorning was up only $0.005 or thereabout. Now up $0.017 to $0.095. Of course if run too long then don' t chase loh MrBear12      ( Date: 08-Apr-2024 10:55) Posted: All these covid period only performing stocks, including Med tec, riverstone, as long as they stay afloat, will make big profit in another health crisis. I don't see one anytime coming, so can relax and just sit on sidelines
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MrBear12 Supreme	08-Apr-2024 10:55        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	All these covid period only performing stocks, including Med tec, riverstone, as long as they stay afloat, will make big profit in another health crisis. I don't see one anytime coming, so can relax and just sit on sidelines
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tonytony Veteran	08-Apr-2024 10:51        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some good positive news are going to be announced any time from now.
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SmallSmall Supreme	08-Apr-2024 09:49        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Playing catching up with Medtecs ! Chiong ah . $0.15 here we come
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TraderBen Supreme	03-Apr-2024 11:20        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	another run up like dec would be nice..
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eddyeddy Master	03-Apr-2024 10:48        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not so aggressive thou most glove stocks in Malaysia up for many days.
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SmallSmall Supreme	03-Apr-2024 10:18        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next to run....
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tonytony Veteran	18-Feb-2024 12:44        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is good to see company appreciate the contributions of the employees by giving them this benefits. Compare to some companies that issued private placements to outsiders with discount to dilute existing shareholders , this is really not worst mentioning at all . eddyeddy      ( Date: 16-Feb-2024 20:40) Posted: --- Post Removed by User ---
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Chansenghoe1971 Elite	17-Feb-2024 04:37        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah. As long as make money it s good True what you said tonytony      ( Date: 16-Feb-2024 22:57) Posted: I am still happy with this counter so far .
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tonytony Veteran	16-Feb-2024 22:57        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am still happy with this counter so far .
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Chansenghoe1971 Elite	16-Feb-2024 20:40        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who buy who die. Why? How ESOS works Market price minus exercise price = profit Employee subscribe at 0.103 > money goes into company. Eg 100,000 x 0.103= $10,300 into company. If mkt price is 0.123, employee makes 0.02 (0.123 minus 0.103) x 100,000 or $2000 but noob retail shareholders like some here naively support by buying. What a cheapskate company who can t afford to buy from market and deposit as treasury shares and then give away as Performance shares to employee yet they wanted employee to subscribe. ESOS is like a rights issuance but only to employee. Boss is proven to be stingy. I said how many donkey times Useless Glove. Again. Homes business and numbers are not scalable and the investment of huge. They have to burn before seeing returns. Our gov takes care of seniors so well, who will want to go there? This is destined not to be a success. Again, it is overhyped SELL. Ramster      ( Date: 16-Feb-2024 18:50) Posted: No employee taking up the offer 🤔 🤔 🤔
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Ramster Master	16-Feb-2024 18:50        Ramster About Contact  Quote this Post!
x 0   x 0  Alert Admin	No employee taking up the offer 🤔 🤔 🤔
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Chansenghoe1971 Elite	16-Feb-2024 18:02        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Latest Announcement: ESOS price is now $0.103 from 0.13 Still don believe this company is junk.
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eddyeddy Master	16-Feb-2024 16:44        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good try anyway 😉
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Chansenghoe1971 Elite	16-Feb-2024 16:41        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LATEST FROM BUDGET 2024: No Need for Aged Singaporeans to Go JB Homes UG Gg Age Well SG Preventive care has been a key focus of Singapore?s healthcare strategy as the population ages. Mr Wong announced that the government will set aside S$3.5 billion for initiatives under Age Well SG ? a national programme to support seniors in active ageing. There will be more Active Ageing Centres, a wider range of programmes, more assisted living options such as Community Care Apartments, more senior-friendly amenities in neighbourhoods, more sheltered linkways, pedestrian-friendly roads and bus stops with senior-friendly features.
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