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12th consecutive quarterly loss. 20th consecutive loss is not impossible. Keep on losing non-US market and the operating costs keep on increasing. Do you see any hope?
With continuous QR losses despite continuous committed capital expenditures & investments in the US, next QR will also be bad as RM already strengthening to 3.8+ as at February 2026 from 4+ as at 31/12/25. All the cash surplus accumulated during the COVID-19 pandemic years will diminish soon :-|
Exactly. Increasing cost structure in Malaysia already made it very difficult to compete with production costs in China, Indonesia and Thailand. With even much higher manufacturing costs (at least 2x) in USA in relation to present low margin business (ASPs) for the glove sector, it will not be adequately compensated by zero USA tariff and freight charges rates. Very challenging going forward indeed once there are no economies of scale !
Investing in low margin glove manufacturing business in the USA is definitely a wrong strategic move based on global oversupplies dynamics. The cost of production in the USA is at least 2x higher than in Malaysia and impossible to pass on the cost increases fully to US consumers when they can easily get cheaper imported products ! As the company will still be making losses for at least another few years with high cash burn rate, it is still expensive in a price-taker market despite its battered down share price.
0.25. Supermad :-| Oil and gas prices can increase significantly within a short period. Inflation and sharp increases in freight charges (plus port congestions) will cause margin compressions to be even more acute.
Old folks already say, once a man mistreats his own wife. Your business cannot do well. No matter how no exception even the world richest people. See Bill Gates already know