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Well, their net profit also increase 2500% in last qr, u think next qr going be better or worst as asp still increase? Too long? It long as the covid 19 bro, which WHO wish able to end in 2 years
Need to consolidate before it surge, few months 1.6 ++ with average PAT 30mil. Today PAT 399mil, even though it dropped to RM16-18 is expected lah. If you think and confident coming Q can go 600M -800mil. What will be the FV? Now give you chance to collect you scared and dump? Only haters or IB will happy seeing you dumping tickets :)
not only big 4 doing gloves, more and more competitors eating into market share, thus profit, upcoming QR will be nice, but the following will start to suffer, just watch
Super and TG orders have been locked for next few quarters guys. Don’t be fooled by listening to others. Have you ever noticed other glove company overseas also doing good and share price rallying too. Reportedly Mercator (polish glove) will release their earning report soon. Let’s see how these smaller glove company do.
orders locked but customers have to wait few months to get product, with more and more competitors, they can bypass the locked orders to get immediate or faster stock. deposit is only small number compared to the need of gloves in the market
Yeah, they can build the factory within few months. As the goverment not allow to hired foreign worker now~ they will have enough labor force to to maximize their production
Many new glove manufacturers mushrooming everywhere but don’t forget, glove needs technology and if you don’t have economic of scale, your cost can’t compete with big boys. If you looked back at history, there are hell lots of glove company but many of them can’t survive or sustain Long enough. Those that can stand firm today because they have their own unique way to survive
EPf these big funds they like in out in out to make money, imagine their fund is humongous, can generate multi millions or more if they do short term trade :)
It dont matter how long small competitors can survive, important thing is that it eats into market share, you cant say McD big but Ramli burger stalls will bankrupt