The future prospects for glove demand may be better than expected, according to Kenag Investment Bank. $TOPGLOV (7113.MY)$
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...

$Top Glove (BVA.SG)$
#TOPGLOV - Enterprise Tracking
I shared the information from the HARTA shareholder meeting last time, this time I'll show you the TOPGLOVE information, the meeting data from the day before yesterday.
★ Before the pandemic, EBITDA margins ranged from 12-15%, although it had been in continuous losses for several quarters, it has now recovered to 5-8% under the repair of 'price' and 'quantity'.
★ The situation in the glove industry is improving every quarter, reflected in the performance of each glove company. For reference, the total sales volume in Q3 this year has increased by as much as 46% year-on-year.
★ It is necessary to emphasize that the recovery of the glove industry is real, not a temporary rebound. Compared to the around 30% utilization rate a year ago, the current stage has risen to approximately 60%.
★ As the world's largest glove company, due to economies of scale, 'quantity' has always been a critical factor. Currently, the total capacity is 95 billion, much higher than Harta's 32 billion and Kossan's 24 billion. Due to considerably higher fixed costs compared to peers, if there is not enough demand, the pace of performance recovery will be slower.
★ Assuming glove demand maintains an 8% annual growth, the supply-demand situation is expected to reach equilibrium in 2025. As for when it will return to pre-pandemic levels, it is definitely not something for the next 2 quarters, perhaps the end of 2025 is a more realistic time frame.
After the rise of Chinese companies, the global...

$TOPGLOV (7113.MY)$
#TOPGLOV - Business Tracking
Last time I shared the information from HARTA's shareholder meeting, this time I'll show you the information from TOPGLOVE's meeting, the data from the day before yesterday.
★ Before the epidemic, EBITDA profit margin ranged from 12-15%. Although it had been in losses for several consecutive quarters before, now it has been restored to 5-8% under the repair of 'price' and 'volume'.
The current situation of the glove industry is improving every quarter, which is reflected in the performance of each glove company. For reference, the total sales volume in Q3 this year increased by as much as 46% compared to last year.
It is necessary to emphasize that the recovery of the glove industry is real, not a temporary rebound. Compared to the usage rate of around 30% a year ago, the current rate has risen to approximately 60%.
As the world's largest glove company, due to economies of scale, 'quantity' has always been a very critical factor. Currently, the total production capacity is 95 billion, much higher than Harta's 32 billion and Kossan's 24 billion. Due to higher fixed costs compared to peers, if there is not enough demand, the pace of performance recovery will be slower.
Assuming glove demand maintains an 8% annual growth, the supply and demand situation is expected to reach a balance in 2025. As for when it will return to pre-pandemic levels, it is definitely not a matter for the next 2 quarters, perhaps the end of 2025 is a more practical time.
After the rise of Chinese companies, the global glove industry...

$KOSSAN (7153.MY)$
KUALA LUMPUR: The Malaysian Rubber Council (MRC) has projected that the exports of rubber and rubber products could exceed RM30 billion by end of the year.
This was based on the performance in the first half of 2024 (1H2024).
"This strong outlook is supported by the sector's impressive 1H2024 results, which highlight the industry's resilience and ability to adapt to global market trends," MRC said today.
In 1H2024, Malaysia's exports of rubber and rubber products rebounded s...

$HARTA (5168.MY)$
KUALA LUMPUR: The Malaysian Rubber Council (MRC) has projected that the exports of rubber and rubber products could exceed RM30 billion by end of the year.
This was based on the performance in the first half of 2024 (1H2024).
"This strong outlook is supported by the sector's impressive 1H2024 results, which highlight the industry's resilience and ability to adapt to global market trends," MRC said today.
In 1H2024, Malaysia's exports of rubber and rubber products rebounded si...

$TOPGLOV (7113.MY)$
KUALA LUMPUR: The Malaysian Rubber Council (MRC) has projected that the exports of rubber and rubber products could exceed RM30 billion by end of the year.
This was based on the performance in the first half of 2024 (1H2024).
"This strong outlook is supported by the sector's impressive 1H2024 results, which highlight the industry's resilience and ability to adapt to global market trends," MRC said today.
In 1H2024, Malaysia's exports of rubber and rubber products rebounded ...

$SUPERMX (7106.MY)$ The song praises the gloves, but your Black Panther has no momentum at all.

$TOPGLOV (7113.MY)$ The Fire Sword is about to fly, come in quickly.

$TOPGLOV (7113.MY)$
Keep going⛽
I will continue to hold you until the time point we agreed upon~😘