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1201-1220 of 1458
Now is the time...From 0.17 to 0.25
This coming Dec. Q to Q results will sure to have improvement...
90% sure by July.2023, this counter will test back One Dollar Ringgit..
Dunno about Long term, this One Two Year Sure Can Recover...
Is the company in any Cash Flow Issue, Can the company still profit for the next One Years ahead...
Did the Company Loss any money more than a whole year...
Just Vested and remain to keep fixed Deposit for One Year, 25% return stamp chop.
This coming Dec. Q to Q results will sure to have improvement...
90% sure by July.2023, this counter will test back One Dollar Ringgit..
Dunno about Long term, this One Two Year Sure Can Recover...
Is the company in any Cash Flow Issue, Can the company still profit for the next One Years ahead...
Did the Company Loss any money more than a whole year...
Just Vested and remain to keep fixed Deposit for One Year, 25% return stamp chop.
pepperfox ( Date: 13-Oct-2022 09:12) Posted:
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Hope break the crossroad price and head for 0.24
why not consider Envirohub?
Dr' s pt 3 salah la, say first found in Singapore, watajoke, don anyhow blame.
Edward555 ( Date: 13-Oct-2022 08:34) Posted:
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Coronavirus: Omicron subvariant XBB.1 is strongest by far in vaccine evasion, a Hong Kong expert has warned.
A new Covid subvariant- XBB.1- which was recently detected for the first time in Hong Kong has sparked concerns as it has the strongest ability by far to evade vaccine protection, leading expert Dr Gilman Siu Kit-hang warned according to a report in South China Morning Post. The expert also said that there could be more strains during the winters.
Here are 5 points on Omicron XBB.1 subvariant:
1. Dr Gilman Siu Kit-hang said that research indicates that the Omicron subvariant XBB.1 which was found in an imported infection is a combination of BA.2.10 and BA.2.75.
2. The subvariant is more evasive to vaccine immunity than other known variants.
3. Dr Gilman Siu Kit-hang said XBB.1 was first found in Singapore, while Nepal and Bangladesh have also recorded cases of XBB.1.
4. Dr Gilman Siu Kit-hang said that it was difficult to say whether XBB.1 would become the dominant strain in Hong Kong.
5. Issuing a serious warning, the expert said that more mutant strains were expected to emerge in the winter throughout the world...
Bro, still too early to say. According to the rate, we will probably know the impact soon.
Best not to speculate....
Best not to speculate....
ETHunter ( Date: 12-Oct-2022 10:45) Posted:
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SINGAPORE - There were 11,732 new Covid-19 infections on Tuesday, more than doubling from the 4,719 new local cases the day before. The spike, while largely driven by the XBB variant, another Omicron subvariant, is seeing low severe cases, said the Ministry of Health (MOH).
MOH is also initiating Pofma (Protection from Online Falsehoods and Manipulation Act) action against rumours circulating via WhatsApp that Singapore is having a rapid and large increase in cases with severe illness and deaths due to the circulating XBB strain.
While the post-weekend spike today is driven by the XBB strain, MOH said that the number of severe cases has remained relatively low. This is very likely due to the resilience built up through vaccination and previous waves of infection. The large majority of patients continue to report mild symptoms such as sore throat or slight fever, especially if they have been vaccinated, MOH added.
There were 11 intensive care unit (ICU) cases and 50 who need oxygen supplementation - a figure MOH said is just slightly higher than the level observed in the past few months...
---------------------------
Is it only Singapore experiencing the next wave or new variants????
In comparison, at the peak of the previous Delta wave, 171 were warded and 308 needed oxygen supplementation, while during the height of the Omicron wave, 54 were warded in ICU) and 242 needed oxygen supplementation.
The world&rsquo s first wave of the recombinant SARS-CoV-2 variant XBB has apparently begun in Singapore.
Twitter is alight with posts claiming that the recombinant SARS-CoV-2 variant XBB is creating a new wave of infections in Singapore, so we&rsquo ve taken a look at the latest information from the Singapore Ministry of Health and other reliable sources and republished it.
Buy Despair...Sell Greed.
2 reasons 1) more new gloves factories in particular China. 2) many countries kept extra gloves during covid, they are not buying much now until their stock on hands reduce.
Now smaller new factories like Aspen and Mah Sing are losing money big time... They might exit this industry... Eventually supply vol drop to hit balance point and start growing, takes time hope on 3-6mtjs time
Now smaller new factories like Aspen and Mah Sing are losing money big time... They might exit this industry... Eventually supply vol drop to hit balance point and start growing, takes time hope on 3-6mtjs time
investshare ( Date: 07-Oct-2022 22:17) Posted:
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Exactly ! Something must be very wrong
investshare ( Date: 07-Oct-2022 22:17) Posted:
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Think about it, the demand now is definitely higher than before covid. Why company perform worse than then?
Top Glove halts dividend payout to preserve cash
KUALA LUMPUR (Oct 7): Top Glove Corp Bhd is halting its dividend payout to preserve cash holdings, after its plant utilisation (PU) rate declined from 52% in the second quarter ended Feb 28, 2022 (2QFY22) to 35% in 4QFY22, amid low average selling prices (ASPs) and competitive glove prices from China.
AmInvestment Bank in a note on Friday (Oct 7) said that Top Glove told analysts at a briefing that its end-customer rubber stock had peaked at six to seven months, and stock replenishment activity by mid-2023 (4QFY23) is expected.
However, the report added that the decline in the PU rate from 2QFY22 to 4QFY22 was &ldquo counter-intuitive&rdquo .
The declining PU rate was attributed to smaller rubber glove makers exiting with low ASPs.
Top Glove stated that the ASPs for nitrile and latex rubber gloves were still declining &mdash by US$0.50-US$1 per 1,000 pieces &mdash consistent with the month-on-month decline since July-August.
However, the overall ASP was maintained at US$24 per 1,000 pieces in September, and AmInvestment Bank reported that a 5% increase in the ASP could bring Top Glove&rsquo s October ASP to US$25 per 1,000 pieces.
The break-even PU rate for Top Glove is 60%.
&ldquo We believe that the group could be making a September net loss of RM5 million to RM6 million.
&ldquo For FY23, we expect losses could continue in the first three quarters at a decelerating momentum, and break even by 4QFY23, when restocking activity emerges,&rdquo said AmInvestment Bank.
Meanwhile, China&rsquo s nitrile gloves offer a 25% discount to Malaysia&rsquo s ASP of US$20 per 1,000 pieces in September &mdash at US$15 per 1,000 pieces.
AmInvestment Bank added that such a material discount could allow Chinese glove makers to secure higher market share from Malaysia, and keep Malaysian PU rates low over the next three
quarters.
It said Malaysia&rsquo s share in the global rubber glove export market had declined to 51% in 2022, from 64% in 2019, while China&rsquo s market share increased to 20% in 2022, from 9% in 2019.
Coal as a fuel enables Chinese players to generate profit, while Malaysia' s use of natural gas to produce gloves is double the cost of coal.
Fuel cost accounted for 12% of Top Glove&rsquo s total production cost in FY22.
Nonetheless, AmInvestment Bank maintained " hold" on Top Glove, with its fair value maintained at 60 sen per share.
At the time of writing, Top Glove had declined three sen or 1.44% to 64 sen, with a market capitalisation of RM5.29 billion.
Surin Murugiah
https://www.theedgemarkets.com/article/top-glove-halts-dividend-payout-preserve-cash
https://www.theedgemarkets.com/article/top-glove-halts-dividend-payout-preserve-cash
Sgx is not a pace setter, only follow Malaysia side movements(somemore a very gia si type).
gloves are mainly for commercial use, not a must in normal daily use. Forget about endemic(no more customers huge stock piling, much lower ASP etc) since it incurred losses in the last quarter. Invest using pre-pandemic mindset. Next 2yrs share price will stablise and reflect company performance
gloves are mainly for commercial use, not a must in normal daily use. Forget about endemic(no more customers huge stock piling, much lower ASP etc) since it incurred losses in the last quarter. Invest using pre-pandemic mindset. Next 2yrs share price will stablise and reflect company performance
Ppl also cannot do without toilet paper
Ppl also cannot do without face mask. Will you invest in face mask company?
TradeExpert ( Date: 07-Oct-2022 12:20) Posted:
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Cheap Getting Cheaper....
Pandemic not over. Now is endemic.
Regardless of pandemic/endemic or whatever situation, gloves are in huge demands. People can' t do without gloves especially in the medical industry. It' s like a daily meals or pills.
Cannot comprehen this current pricing to reflect the true potential or the current valuation. The price should be higher than current price.
DYODD
Pandemic not over. Now is endemic.
Regardless of pandemic/endemic or whatever situation, gloves are in huge demands. People can' t do without gloves especially in the medical industry. It' s like a daily meals or pills.
Cannot comprehen this current pricing to reflect the true potential or the current valuation. The price should be higher than current price.
DYODD
Bottom 17.7 and moving up
China labor is no longer cheap, it is to high tech and higher and higher income. Plus natural rubber are from msia, indo and thailand, china is importing from this region. Msia still controlling 60% global gloves market. But again is a long game now, gloves demand predict to grow again in 2024-2025, African, India, Indonesia, South America economies are growing, more and more hospitals and ppl are getting richer, standard of living improving, to get surgeries for longer live, so gloves demand will go up too.
https://www.grandviewresearch.com/industry-analysis/nitrile-gloves-market
https://www.grandviewresearch.com/industry-analysis/nitrile-gloves-market
investshare ( Date: 02-Oct-2022 13:56) Posted:
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