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bro, if you understand how the news being play out, it has been there ages ago. It is a boring news.. About stock surplus, consider their order book 600 days, almost 2 years. Restriction just a matter of time.
cnn article now mentioned all MY big 4s.... and more countries is going into glove business, excess stock issue is going to haunt all glove makers eventually. just that MY makers being targeted might hurt the business sooner. at that point, will be the matter of survival.
tg qr is coming, u think the price will impact by this tomorrow?
"CIMB Equities Research reiterates its Overweight call on the glove sector as concerns of potential declines in average selling prices (ASPs) from CY21F onwards are premature at this juncture"
CBP ban was in July, last Monday independent audit report was submitted, now awaiting lifting. There is a chance it could be lifted in the coming days or weeks. How would it affect the price? 90% new entrants last 1-2years the other 10% lasts 3-5yrs. Acute shortage of raw materials means Malaysia will monopoly (65%) for a long time. This is a niche market.
YinG higher earning doesn't mean price can go higher when everything priced in. TG is no TESLA. TESLA is the future. TG is profitable when pandemic. what is the future of TG when vaccine is out and new norm became the normal? see what I mean?
When vaccine out, more glove needed for the injection... Not only tesla doing autopilot and hyrid car tho. If its so good, y warren buffet say no to tesla?
china is testing out non injection vaccines . if everyone gets a bottle of it , they can do it themselves by inhaling. Google it . TESLA innovates. TG innovates what after pandemic ends ?
that's why I said TG priced in. innovate what? what TG want to produce in this pandemic times aside from gloves and PPE related product?
vaccines is near to success. wait for WHO announcements
It's believes that glove demand is unlikely to taper off even with a vaccine, as glove use will in fact increase tremendously when masses rush to be vaccinated. Hold tight tight.
