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come on, tek seng as raw material supplier, not only limited to mask okay.
the same material could be used for other PPE and daily consumer products as well.
Please go an check sfgate.com. Local supplies of gloves are scarce now. Local companies facing problem ordering in bulk because gloves manufacturers export them. Same goes to masks. Ever notice the reason why it is so hard to buy Medicos masks now compare to 2 months before? Do some market research. China masks got a lot not approved. How many of you dare to use?
Ok Soon. you are right, maybe I am wrong, I’m involved in the food processing business, two months ago really facing shortages but now can get it easily.
Soon.......sometimes when there is a sudden surge in demand, some ppl see the opportunities will place huge orders to take advantage of the situation, because there is profit to be make and this will cause the demand and supply disruptions and price will increase. The US government suddenly take such action against Top with a reason behind it. It’s not just because of the simple labour issue and I think is the sudden price increase and wide out some of the middle men profiteers. Sometimes we see things cannot totally just see from one perspective. This week’s huge drop of glove counters also has some reasons that we don’t know and Topglove boss have to come out to
these few days market very bad esp in Tekseng counter. The price movement like dun hav any support... but i believe next quarter TS wl hav a good profit. dun know y all shareholders panic selling... maybe all the price movement made by banker. the trade volumn not much.. but price easy going up n down.. think need waiting next quarter report to help TS sustain in certain price.
Green, market nowadays not follow FA, but follow sentiment. TS has been mistreated as mask manufacturer or raw material supplier for mask, so when glove stock dropped, it dropped but when glove stock increase, it may or may not increase.
So, to manage your risk for mid term, when price dropped a lot, buy some to average down and 低买高卖 to reduce your loss or to take some profit due to market sentiment and volatility.