hi anthony, thanks for sharing. im not saying those finance research institution are 100% accurate, but you can refer this as a references line to cross check whether the current price for glove counters are 'premium valuation' or not. of course you can have your own valuation set.

yes, we do not know whether the ASP growth would long sustain or not in future (2-3 years). I guess the gloves company management also cant guarantee on top of that But one thing can be sure, at this moments and period, what else the industry and business can earn solid profit rather than gloves industry? Hospitality? construction? aviation ? well, just sharing.. haha

Dexter, to answer your gloves counter 'current high prices are the premium valuations'
Below are those finance research institution for TopGlove's TP on July 2020,
1) Affin Hwang Outperform Rm 46.40
2) Credit Suisse Outperform Rm 37.00
3) Kenanga Investment Bank Outperform Rm 32.00
4) TA Securities Buy Rm 31.66
5) Hong Leong Buy Rm 31.31
6) Cimb Securities Buy Rm 31.30
7) Nomura Buy 30.65
8) Macquaries Outperform 30.40

The current price for TG is 26+- which is now below those finance research institution price expectation (undervalue), where i also believe it is same applicable to others gloves counters including comfort. Thus, i personally dont think the current price for gloves counter are consider as 'premium valuations'. Unless you'r telling me those TP given by finance research institution are 'super premium valuations'.

Second, I agree the increase of glove companies will create the strength of competitiveness in future which i believe it has to take at least 2-3 years after. However, it does not meant will bring down needs from healthcare production for global. One of my reason was because the pandamic had made human around the world be more conscious on this healthcare production. It had made them very memorably lesson. one time pandamic can jeopardize your 10 years+ business. This is why many companies wanted to venture gloves businesses in future

如果touch wood再drop 10-15%, 应该会有很多散户panic sell。

公司不是刚share buyback?还有机会split bonus吗？

今天很大变化，风浪很大。。