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1661-1680 of 1767
Check out their website.
They selling OBM and are branded Unigloves.
Understand they are used widely in UK hospitals and in the royal families..
Their orders are packed till end 2021 (at high ASPs) and production capacity will be increased to 4.6B by June 21. Will continue to see strong results at least till end 2021 or mid 2022. Dyodd..
ss2017. ( Date: 09-Dec-2020 14:11) Posted:
The most important thing is to look at the profile of a profitable company.
The world is not the same after post-covid-19 era.
UG will become a hosuehold name at least from the point of a listing company.
bxylqwan ( Date: 09-Dec-2020 14:05) Posted:
| Very optimistic outlook for earnings, but share price is a different story. Still vested but not getting my hopes high at all. We are definitely not going to see previous highs for medicals |
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The most important thing is to look at the profile of a profitable company.
The world is not the same after post-covid-19 era.
UG will become a hosuehold name at least from the point of a listing company.
bxylqwan ( Date: 09-Dec-2020 14:05) Posted:
Very optimistic outlook for earnings, but share price is a different story. Still vested but not getting my hopes high at all. We are definitely not going to see previous highs for medicals.
Longtermer ( Date: 09-Dec-2020 13:59) Posted:
Bro, last Sunday 6th December 2020.
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Very optimistic outlook for earnings, but share price is a different story. Still vested but not getting my hopes high at all. We are definitely not going to see previous highs for medicals.
Longtermer ( Date: 09-Dec-2020 13:59) Posted:
Bro, last Sunday 6th December 2020.
Shifu8888 ( Date: 09-Dec-2020 13:56) Posted:
| Bro, this report dated when |
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Bro, last Sunday 6th December 2020.
Shifu8888 ( Date: 09-Dec-2020 13:56) Posted:
Bro, this report dated when?
Longtermer ( Date: 09-Dec-2020 13:11) Posted:
Taken from last Sunday report (Bernama) about Malaysian Glove Industry.
They have 68% of world glove mkt. Very optimistic outlook going fwd..
Vaccine and 2021 Outlook
Despite these setbacks, the industry is expected to extend its bullish sentiment in line with the deployment of the Covid-19 vaccine, which is set to boost the demand for rubber gloves by up to 18 billion pieces a year, assuming that 60 per cent of the worlds population of 7.5 billion people would get the vaccine in two doses annually.
Malaysia market share is expected to improve to 68 per cent when the country supply 280 billion pieces of rubber gloves next year (against the 410 billion pieces world demand) from the 67 per cent market share in 2020 (360 billion pieces world demand).
It is estimated that the new players' (like Luster and Mah Sing) contribution to Malaysia' s total will be only about five to seven billion gloves in 2021 and 10 to 12 billion gloves in 2022.
Still, the biggest growth of the glove industry in 2021 and 2022 will principally be contributed by the existing 57 manufacturers, which will be able to do so due to their continuous planned expansion year-on-year, over the past 15 years, Margma president Dr Supramaniam Shanmugam said.
The association is also optimistic that Top Glove would resolve all current matters and be back to normal production levels soon, he said.
In the interim, the impact to the industry will be small as the shortfall can be mitigated by the newly expanded capacities of the other existing players in the industry, he added.
Margma predicts the industry revenue at RM32.2 billion this year 2020, higher from the RM19.8 billion recorded in 2019.
For 2021, revenue could range between RM36 billion and RM38 billion, on the back of robust demand, notwithstanding the vaccine coming into play.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim is also positive of the industry performance in view that demand growth would continue in 2022 as awareness towards health and personal hygiene are likely to remain prevalent as the general society is embracing the new normal.
Therefore, demand for personal protective equipment (PPE), including gloves would help drive demand post-Covid-19.
Expansion plans for major rubber glove makers are so far on track.
For example, Hartalega stays focused on its capacity expansion plans. As of late October 2020, Plant 6 has fully commissioned all 12 production lines and Plant 7 is expected to begin commissioning by the fourth quarter of 2020. Overall, its plan on increasing its annual installed capacity from the current 41 billion to 44 billion pieces by 2022 remains intact.
Therefore, we expect an increase in average selling prices in the coming quarters, he noted.
While the obstacles and challenges would continue, the industry, without a doubt, is in for another splendid year in 2021.
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Bro, this report dated when?
Longtermer ( Date: 09-Dec-2020 13:11) Posted:
Taken from last Sunday report (Bernama) about Malaysian Glove Industry.
They have 68% of world glove mkt. Very optimistic outlook going fwd..
Vaccine and 2021 Outlook
Despite these setbacks, the industry is expected to extend its bullish sentiment in line with the deployment of the Covid-19 vaccine, which is set to boost the demand for rubber gloves by up to 18 billion pieces a year, assuming that 60 per cent of the worlds population of 7.5 billion people would get the vaccine in two doses annually.
Malaysia market share is expected to improve to 68 per cent when the country supply 280 billion pieces of rubber gloves next year (against the 410 billion pieces world demand) from the 67 per cent market share in 2020 (360 billion pieces world demand).
It is estimated that the new players' (like Luster and Mah Sing) contribution to Malaysia' s total will be only about five to seven billion gloves in 2021 and 10 to 12 billion gloves in 2022.
Still, the biggest growth of the glove industry in 2021 and 2022 will principally be contributed by the existing 57 manufacturers, which will be able to do so due to their continuous planned expansion year-on-year, over the past 15 years, Margma president Dr Supramaniam Shanmugam said.
The association is also optimistic that Top Glove would resolve all current matters and be back to normal production levels soon, he said.
In the interim, the impact to the industry will be small as the shortfall can be mitigated by the newly expanded capacities of the other existing players in the industry, he added.
Margma predicts the industry revenue at RM32.2 billion this year 2020, higher from the RM19.8 billion recorded in 2019.
For 2021, revenue could range between RM36 billion and RM38 billion, on the back of robust demand, notwithstanding the vaccine coming into play.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim is also positive of the industry performance in view that demand growth would continue in 2022 as awareness towards health and personal hygiene are likely to remain prevalent as the general society is embracing the new normal.
Therefore, demand for personal protective equipment (PPE), including gloves would help drive demand post-Covid-19.
Expansion plans for major rubber glove makers are so far on track.
For example, Hartalega stays focused on its capacity expansion plans. As of late October 2020, Plant 6 has fully commissioned all 12 production lines and Plant 7 is expected to begin commissioning by the fourth quarter of 2020. Overall, its plan on increasing its annual installed capacity from the current 41 billion to 44 billion pieces by 2022 remains intact.
Therefore, we expect an increase in average selling prices in the coming quarters, he noted.
While the obstacles and challenges would continue, the industry, without a doubt, is in for another splendid year in 2021.
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I think UG share price first level should recover to 75c, second level 90c, say by year end
Next year $1 to $2
Taken from last Sunday report (Bernama) about Malaysian Glove Industry.
They have 68% of world glove mkt. Very optimistic outlook going fwd..
Vaccine and 2021 Outlook
Despite these setbacks, the industry is expected to extend its bullish sentiment in line with the deployment of the Covid-19 vaccine, which is set to boost the demand for rubber gloves by up to 18 billion pieces a year, assuming that 60 per cent of the worlds population of 7.5 billion people would get the vaccine in two doses annually.
Malaysia market share is expected to improve to 68 per cent when the country supply 280 billion pieces of rubber gloves
next year (against the 410 billion pieces world demand) from the 67 per cent market share in
2020 (360 billion pieces world demand).
It is estimated that the new players' (like Luster and Mah Sing) contribution to Malaysia' s total will be only about five to seven billion gloves in 2021 and 10 to 12 billion gloves in 2022.
Still, the biggest growth of the glove industry in 2021 and 2022 will principally be contributed by the existing 57 manufacturers, which will be able to do so due to their continuous planned expansion year-on-year, over the past 15 years, Margma president Dr Supramaniam Shanmugam said.
The association is also optimistic that Top Glove would resolve all current matters and be back to normal production levels soon, he said.
In the interim, the impact to the industry will be small as the shortfall can be mitigated by the newly expanded capacities of the other existing players in the industry, he added.
Margma predicts the industry revenue at
RM32.2 billion this year 2020, higher from the RM19.8 billion recorded in 2019.
For
2021, revenue could range between RM36 billion and RM38 billion, on the back of robust demand, notwithstanding the vaccine coming into play.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim is also positive of the industry performance in view that
demand growth would continue in 2022 as awareness towards health and personal hygiene are likely to remain prevalent as the general society is embracing the new normal.
Therefore, demand for personal protective equipment (PPE), including gloves would help drive demand post-Covid-19.
Expansion plans for major rubber glove makers are so far on track.
For example, Hartalega stays focused on its capacity expansion plans. As of late October 2020, Plant 6 has fully commissioned all 12 production lines and Plant 7 is expected to begin commissioning by the fourth quarter of 2020. Overall, its plan on increasing its annual installed capacity from the current 41 billion to 44 billion pieces by 2022 remains intact.
Therefore, we expect an increase in average selling prices in the coming quarters, he noted.
While the obstacles and challenges would continue, the industry, without a doubt, is in for another splendid year in 2021.
Based on EPS of 16c, $1.60 is likely but we have to wait for latest FR of 2020
Longtermer ( Date: 08-Dec-2020 18:18) Posted:
They trend up and down together from observation.
UG TPs are $1.60 and $1.35 ( from CIMB and Phillips if i am not wrong).
Est EPS is about 15c to 17c for FY21.
To go back above $1 is easy imo once the medical counters come into play.
Today may be the start..
lsyiat ( Date: 08-Dec-2020 16:54) Posted:
| I cant find the reason why medtec need back to $1.50 first in order it goes back to $0.80. Beside they are selling different product and how does it related? UG is used to follow the trend like topglove (OEM) or Supermax (OBM) listed in Malaysia. Medtecs can move up faster due to higher volume trade and more BB join in the rally. UG price not decide by medtec |
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Must get rid of weak holders first.....but the difficult part is to ensure that the shorties do not get way
They trend up and down together from observation.
UG TPs are $1.60 and $1.35 ( from CIMB and Phillips if i am not wrong).
Est EPS is about 15c to 17c for FY21.
To go back above $1 is easy imo once the medical counters come into play.
Today may be the start..
lsyiat ( Date: 08-Dec-2020 16:54) Posted:
I cant find the reason why medtec need back to $1.50 first in order it goes back to $0.80. Beside they are selling different product and how does it related? UG is used to follow the trend like topglove (OEM) or Supermax (OBM) listed in Malaysia. Medtecs can move up faster due to higher volume trade and more BB join in the rally. UG price not decide by medtecs
Shifu8888 ( Date: 08-Dec-2020 16:40) Posted:
| Are you sure? I think they released some update but some knee jerk spike but the rest is south plunge. Anyway I will stay to watch if there is interesting. Pm me. Cos this out of my wl. All the best to this. No hard feerings |
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I cant find the reason why medtec need back to $1.50 first in order it goes back to $0.80. Beside they are selling different product and how does it related? UG is used to follow the trend like topglove (OEM) or Supermax (OBM) listed in Malaysia. Medtecs can move up faster due to higher volume trade and more BB join in the rally. UG price not decide by medtecs
Shifu8888 ( Date: 08-Dec-2020 16:40) Posted:
Are you sure? I think they released some update but some knee jerk spike but the rest is south plunge. Anyway I will stay to watch if there is interesting. Pm me. Cos this out of my wl. All the best to this. No hard feerings
lsyiat ( Date: 08-Dec-2020 16:35) Posted:
| Stock price shall not related to Medtec or even Covid 20 or 21, price will moving up north while company release better qoq results and exponential profit. |
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Are you sure? I think they released some update but some knee jerk spike but the rest is south plunge. Anyway I will stay to watch if there is interesting. Pm me. Cos this out of my wl. All the best to this. No hard feerings
lsyiat ( Date: 08-Dec-2020 16:35) Posted:
Stock price shall not related to Medtec or even Covid 20 or 21, price will moving up north while company release better qoq results and exponential profit.
Shifu8888 ( Date: 08-Dec-2020 16:30) Posted:
| For it to go back to 80 cents will need Medtec to go back to $1.50. So almost not much chance to those stuckist to get out unless there is a Covid 20 or 21... |
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Stock price shall not related to Medtec or even Covid 20 or 21, price will moving up north while company release better qoq results and exponential profit.
Shifu8888 ( Date: 08-Dec-2020 16:30) Posted:
| For it to go back to 80 cents will need Medtec to go back to $1.50. So almost not much chance to those stuckist to get out unless there is a Covid 20 or 21... |
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For it to go back to 80 cents will need Medtec to go back to $1.50. So almost not much chance to those stuckist to get out unless there is a Covid 20 or 21...
probably hover around 63.5 to 64.5
boyboy61 ( Date: 08-Dec-2020 13:20) Posted:
Haven' t really make it' s move yet...soon?????
look@bright ( Date: 08-Dec-2020 12:56) Posted:
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UG and Medtecs normally move together..
Both extremely oversold and undervalued.
Strong buy Volume will come..
look@bright ( Date: 08-Dec-2020 12:50) Posted:
Broker' s take: DBS says Medtecs a ' buy' on high margins even after pandemic
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Broker' s take: DBS says Medtecs a ' buy' on high margins even after pandemic
I follow you sell it at 0.64.
Shifu8888 ( Date: 08-Dec-2020 11:05) Posted:
| Taken profit at 645. Deleted from WL. Rather disappointed with this counter though I made profit. The buy q in the market depth is too weak. Not much interest from the market. Seems gg for this. |
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