How big is 2.4 billion pieces of glove production per year in USA?
2.4 billion pieces = 2,400,000,000 pieces
ASP per piece currently around USD 0.14
2.4 billion pieces = USD336 million
USD336 million = RM1,411 million if USD1 = RM4.2
If ramp up to 4.8 billion pieces per year = RM2,822 million, it's 2.8X compared to Supermax current revenue of around RM1000 mil/year.
and this is only phase 1 by 2025, when phase 4 completed, total will be 19.2 billion pieces of nitrile glove production a year.
So, the share price should be 2.8 x RM1.10 = RM3 by the end of 2025?
How about when phase 2, phase 3 and phase 4 completed in 2026? 2027? A very huge revenue.
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