Thai medical glove maker invests $1.6bn to triple capacity by 2026

 

Sri Trang Gloves' net profit jumps twentythreefold on pandemic-led demand

As the coronavirus spread, demand for medical-use gloves grew among health care professionals as well as restaurant servers and other service sector employees.   © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writerFebruary 17, 2021 19:02 JST

BANGKOK -- Sri Trang Gloves Thailand posted a record net profit in 2020 as the COVID-19 pandemic led to a huge increase in demand for the company's protective gear, persuading it to invest 48 billion baht ($1.6 billion) to triple its capacity by 2026.

Strong demand for medical-use gloves translated to a nearly twentythreefold expansion in net profit, to an all-time high of 14.4 billion baht. Sri Trang Gloves' revenue increased 2.5 times to a record high of 30.4 billion baht.

The company, which in June debuted on The Stock Exchange of Thailand, has upwardly revised its previous plan to increase production. Under the new plan, the company will ramp up capacity to 50 billion gloves next year and to 100 billion in 2026. It currently has a 32 billion-glove capacity.

"[G]loves have become an essential part of personal protective equipment not only in the health care and industrial sectors but also for other, new users," the company said in a statement. The robust growth in demand combined with a limited production capacity and a scarcity of raw materials has driven selling prices up, the company added.

Sri Trans' record financial results came after Malaysia-based Top Glove, the world's largest rubber glove producer, posted a twentyfold year-on-year jump in net profit, to 2.4 billion ringgit ($590 million), for the quarter ended November.

The demand surge shows no sign of abating. "Our order backlog currently extends to 13 months for NR (natural rubber) gloves and 30 months for NBR (nitril-butadiene rubber) gloves, even though we are on track to have additional capacity in every quarter of 2021," Sri Trang Gloves said.

The Malaysian Rubber Glove Manufacturers Association projects demand for medical-use gloves this year to expand at a rate of around 15% to 20%, to 420 billion pieces.

"Doctors still need to wear gloves while they give us vaccine shots," an analyst at Asia Plus Securities said. "Meanwhile, it's not only medical personnel who need these gloves; you can see waiters in restaurants wearing them now that COVID has completely set up a new normal for us."

Thailand is the world's biggest producer of natural rubber, harvesting around 4.7 million tons a year. Easy and inexpensive access to the critical raw material has given Sri Trang Gloves a competitive advantage in the global market.

The company last year invested some of the funds it raised through its initial public offering to increase its annual capacity to 32 billion gloves, up from 27 billion, at its four factories in southern Thailand, an area responsible for around 80% of the country's total rubber output.

Sri Trang Gloves' record performance inflated the financial results of its parent, Sri Trang Agro Industry, which is also listed on the SET and holds a 50.2% stake in Sri Tang Gloves. The parent posted a record 9.5 billion baht net profit for 2020, after having suffered a 148 million baht net loss the previous year.

MARii与世界手套城联手 投资关丹1亿建手套厂

 

Nanyang Sat, Mar 27, 2021 11:22pm - 13 hours ago

（赛城27日讯）世界手套国际集团城市与发展中心（World Gloves International Group City & Development Hub）宣布投资1亿令吉以兴建手套制造厂，以作为未来计划发展世界手套城（World Gloves City）的一部分。

根据文告，世界手套城到了2025年，将拥有本身的价值链生态系统的手套制造中心。

位于关丹附近的该工厂，将生产丁腈、乳胶及乙烯基手套，以出口至全球市场，并巩固大马作为世界最大手套供应商的地位。大马目前占全球出口的60％。

该公司昨日的宣布也包括为世界手套城的发展，建立关键伙伴关系。

MARii成技术合作伙伴

大马汽车、机器人及物联网研究院（MARii）与世界手套城签署协议备忘录，让MARii成为该项目的技术合作伙伴。

与此同时，世界手套城也与彭亨发展机构（PKNP）签订了租赁协议，以让世界手套城首个阶段的开发得以启动。

MARii与世界手套城之间的协议备忘录是由MARii总执行长拿督马达尼及世界手套城总执行长拿督嘉鲁卡所签署，并由MARii主席拿督彭吉通及世界手套城主席丹斯里赛莫哈末尤索夫所见证。

而世界手套城与彭亨发展机构（PKNP）之间的租赁协议则由世界手套城总执行长拿督嘉鲁卡与彭亨发展机构副总执行长莫哈末再益所签署。

见证人为世界手套城主席丹斯里赛莫哈末尤索夫、MARii总执行长马达尼及MARii主席拿督彭吉通。

这项合资项目是通过世界手套城与国际贸易工业部、MARii及大马投资发展局（MIDA）作为合作机构的公共与私人合作伙伴关系，以及联邦与州属的合作，才能实现，以启动一个对领域与大马经济有利的项目。

==============================

WGC to invest RM100 mil for Phase 1 of World Gloves City Development

Bernama

/

Bernama

March 26, 2021 23:54 pm +08

-A+A

CYBERJAYA (March 26): World Gloves International Group City & Development Hub (WGC) will invest approximately RM100 million to construct a glove manufacturing plant, as part of its future plans to develop the World Gloves City — a glove manufacturing hub to house its own value chain ecosystem by 2025.

WGC co-founder Datuk Seri Desmond Lim said the plant, located near Kuantan, Pahang, will manufacture nitrile, latex and vinyl gloves for the global markets and would strengthen Malaysia's position as the largest glove supplier in the world, wherein it currently accounts for 60% of global exports.

"The RM100 million (investment) is only for the first phase spanning over 149.73 hectares and is expected to be completed by year-end. The development includes 10 production lines to produce nitrile gloves, with a production capacity of up to 200,000 gloves per month once operational," he told reporters after announcing the project here today.

The announcement also included the formation of key partnerships in the World Gloves City development.

The Malaysia Automotive, Robotics and IoT Institute (MARii) and WGC signed a Memorandum of Agreement (MoA), making MARii a technology partner to the project.

At the same time, WGC signed a leasing agreement with the Pahang State Development Corporation (PKNP) to enable the kick-start of the first phase of the World Gloves City development in June this year.

The World Gloves City is slated to be a complete ecosystem for the entire value chain of gloves and personal protective equipment products, and encompasses the development of a fully-fledged digital and smart city, capable of meeting future global demand through its smart framework that includes infrastructure, mobility, governance, technology, smart living, and commerce.

MARii chief executive officer Datuk Madani Sahari said this project will see the use of advanced technology in the manufacturing of gloves to meet future global demand, and also transcend into smart living and intelligent commerce.

"This collaboration opens doors for more businesses and expertise in the field of medical equipment, and widens the applications of smart manufacturing and Industry 4.0 in this sector to remain sustainable and competitive," he said.

More than half of the area under the first phase will consist of an industrial park to accommodate 750 plants equipped with clean rooms, chemistry labs, packaging, and warehousing.

The plants will utilise smart manufacturing applications, manufacturing execution system, intelligent robotics, engineering simulations, big data analytics and Internet of Things system throughout the manufacturing processes.

To support large-scale manufacturing, the city will house facilities such as supplier factory lots, ports, a power plant, research and development centres, education and training institutions, warehousing, residential areas, recreational areas, and others to cater for a population of 600,000 by the time the city is fully developed.

================================

WGC Kuantan bandar sarung tangan pertama Malaysia

Alzahrin Alias - Mac 26, 2021 @ 6:54pm

zahrin@mediaprima.com.my

Ketua Pegawai Eksekutif Institut Automotif, Robotik dan IoT Malaysia (MARii), Datuk Madani Sahari (dua kiri) bergambar bersama Ketua Pegawai Eksekutif World Glove International Group City & Hub Development Sdn Bhd (WGIC), Datuk Gianluca Emesti (dua kanan) dan Pengasas Bersama WGIC, Datuk Seri Desmond Lim (kanan) di majlis pengumuman pembangunan World Glove City (WGC) di Cyberjaya, hari ini - NSTP/Mohd Fadli Hamzah

CYBERJAYA: World Glove City (WGC) di Kuantan, Pahang bakal menjadi bandar pintar pertama di Malaysia yang menggabungkan pembangunan perindustrian sarung tangan global, kediaman dan komersial.

WGC adalah projek perkongsian awam dan swasta antara Kementerian Perdagangan Antarabangsa dan Industri (MITI), Institut Automotif, Robotik dan IoT Malaysia (MARii), Lembaga Pembangunan Pelaburan Malaysia (MIDA) dan World Glove International Group City & Hub Development Sdn Bhd (WGIC).

Ketua Eksekutif Institut Automotif, Robotik dan IoT Malaysia (MARii), Datuk Madani Sahari, berkata projek WGC akan menggunakan teknologi maju terutama dalam pembuatan sarung tangan bagi memenuhi keperluan global selain kehidupan pintar.

Beliau berkata, MARii akan terbabit dalam menentukan teknologi pintar yang akan digunakan di WGC, dari kemudahan pembuatan sehinggalah kediaman.

DISYORKAN UNTUK ANDA

• NAP2020 promosi penggunaan teknologi baharu

• NAP baharu tumpu kenderaan generasi akan datang

• NAP 2019 dikemuka ke Kabinet minggu depan

• MARii, MCE bina komponen kenderaan pemanduan sendiri

WGC juga, katanya akan memulakan pembangunan fasa pertama dengan pelaburan sebanyak RM100 juta daripada WGIC.

"Kerjasama ini membuka peluang kepada perniagaan dan pelabur untuk melabur di WGC. Ia juga akan meningkatkam penggunaan teknologi dalam pembuatan dan kehidupan harian.

"Ia bakal dilengkapi dengan teknologi hijau, tenaga boleh diperbaharui dan kepintaran buatan. Ini adalah fasa pertama dengan pelaburan sebanyak RM100 juta dan terdapat sembilan fasa secara keseluruhannya sehingga 2025.

"WGC juga akan mempercepatkan Revolusi Industri 4.0 di Malaysia," katanya selepas majlis menandatangani perjanjian persefahaman dengan MGIC di sini, hari ini.

Yang turut hadir Pengerusi MARii, Datuk Phang Ah Tong; Timbalan Ketua Pegawai Eksekutif Perbadanan Kemajuan Negeri Pahang (PKNP), Mohd Zaid Harun; Penasihat WGIC, Tan Sri Syed Mohd Yusof; dan Pengasas Bersama WGIC, Datuk Seri Desmond Lim.

WGC bakal mengubah landskap ekosistem pembuatan sarung tangan Malaysia, sekali gus mengukuhkan kedudukan negara dalam industri itu di peringkat global.

Ketika ini, Malaysia adalah pengeksport sarung tangan getah terbesar dunia sebanyak 60 peratus.

Sementara itu, Lim berkata, WGIC melabur bagi pembinaan kemudahan pembuatan sarung tangan dengan 10 barisan utama serta kemudahan simpanan produk sarung tangan.

Beliau berkata, fasa pertama kemudahan pembuatan sarung tangan dan peralatan perlindungan diri (PPE) dijangka siap sepenuhnya tahun ini dengan pembinaan bermula pada Jun 2021.

"Fasa pertama akan membabitkan kemudahan seluas 370 ekar yang akan mempunyai 10 barisan pengeluaran sarung tangan dan PPE. Ia dijangka akan bermula pada suku pertama 2022.

"Kumpulan menyasarkan apabila kemudahan dengan 10 barisan ini siap kelak, ia dapat mengeluarkan 200,000 keping sarung tangan.

"Dua barisan bakal siap pada November ini manakala bakinya secara berperingkat sehingga suku pertama tahun hadapan," katanya.

WGIC pada majlis itu turut menandatangani perjanjian persetujuan pemajakan tanah dengan PKNP.

Lim berkata, WGC bakal meluaskan lagi eksport produknya ke Mesir dan China selain dapat mengukuhkan lagi kehadiran produknya di Amerika Syarikat, Eropah dan Asia.

Trajpar

 sd#=3.7+2*sin（trajpar*360*6+90）

首先知道trajpar可以理解为一个函数，取值范围为【0,1】，即是：0<trajpar<1
那么，0<trajpar*360<360,而trajpar*360*6其中的6是表示6个循环
那+90是什么意思呢，就表示：90<trajpar*360*6<450
什么意思呢，本来sin函数的正弦曲线是从0开始到1再到0到-1到0的取值，那么+90，就表示了取值是从1开始了，就变成：从1到0，再到-1到0，接着到1了

那么回到关系式，我来看：
如果是，sd#=3.7+2sin（trajpar*360*6），sd#的值是从3.7--5.7--3.7--1.7--3.7这样渐进的变化的
如果加上90呢，sd#=3.7+2sin（trajpar*360*6+90），sd#的值就变成从5.7--3.7--1.7--3.7--5.7

如果从正弦曲线上面开的更清楚了啊（其中的大于等于中的等于没有表示）
写的有点乱，希望可以帮助到你吧

ES Ceramics’ new shareholders remain unknown

 ES Ceramics Technology Bhd, which makes ceramic moulds for the rubber glove industry, appears to be in unknown hands given the company’s opaque shareholding.

In early November, Datuk Kamal Y P Tan disposed of two blocks of shares in ES Ceramics. On Nov 4, he hived off 48.25 million shares, or 10.49% of the company, followed by another 47.18 million shares, or 10.25%, the next day.

A month before that, Tan held 105.26 million shares, or 23.39% of ES Ceramics, following a bonus issue of 236.56 million shares with free warrants on the basis of one bonus share and warrant for every existing share held.

Although a month has passed since he sold the two blocks of shares, there has been no indication as to who acquired them, or if the new shareholders elected to break up the block of 20-plus per cent into blocks smaller than 5% to avoid disclosure.

As the transactions were not even captured on off-market trades on Bloomberg, the price at which Tan exited is not known. It is worth noting that he had been a substantial shareholder of the company for more than 12 years, or since September 2008, when he surfaced with 6.06 million shares or an 11.44% equity interest in ES Ceramics.

Given the current investment interest in rubber gloves and industries related to healthcare or its products, Tan’s disposal of the bulk of his shareholding is rather puzzling.

The Edge did not seek comment from ES Ceramics as the change is at the shareholding level and does not involve the company.

An industry observer notes that there is much speculation over who acquired the block, but adds that it is difficult to say for certain why no substantial shareholder has emerged.

A lot of the interest in ES Ceramics and its shareholding also stems from the sudden gains in its share price. For instance, the counter shot up more than 220% from late July to early August and by more than 50% in late September to early October. On both occasions, the surges were followed by swift falls.

The company’s second-quarter financial performance, which will be announced in January, is expected to be stellar, according to speculation.

ES Ceramics is an interesting company given the current craze over glove stocks and Covid-19-related counters. It has a plant in Kawasan Perindustrian Silibin in Ipoh, Perak, and another facility in Songkhla, Thailand. Its ceramic formers, described as ceramic moulds, are dipped into latex to manufacture rubber gloves, giving the gloves their requisite shape.

According to its website, ES Ceramics began operations in 1998 producing formers for examination gloves, but has since expanded into formers for surgical, household and industrial gloves and balloons, among others.

An industry veteran tells The Edge that each ceramic former has a lifespan and can be utilised for between 40,000 and 50,000 dips, depending on various factors.

A source puts ES Ceramics’ current production capacity in Malaysia and Thailand at about 400,000 formers a month, or 4.8 million formers a year. He says there is only a handful of players with scale that produce formers for rubber gloves. Apart from ES Ceramics — the only publicly traded rubber glove former company — the other players include CeramTec Innovative Ceramic Engineering (M) Sdn Bhd, MediCeram Sdn Bhd and FormTech Engineering (M) Sdn Bhd.

It is difficult to gauge the industry’s production capacity in relation to the manufacture of rubber gloves. But in an August filing with the local bourse pertaining to its bonus issue, ES Ceramics said, “MARGMA (Malaysian Rubber Glove Manufacturers Association) had projected the demand for rubber gloves to reach approximately 300 billion pieces in 2020 with an annual growth of 12%. However, the current outbreak of Covid-19 has resulted in a 100% surge in demand globally in the first few months of 2020.

“The world’s largest rubber glove producer (that is, Malaysia), which contributes nearly 63% of global supply, has revised its estimated supply to approximately 220 billion pieces in 2020 amid the current scenario, which is much higher than the previously estimated number of approximately 188 billion pieces.”

Based on the association’s figures, back-of-the-envelope calculations indicate an overall global demand of 349.2 billion pieces, or 58% higher than anticipated.

ES Ceramics’ financials have shown a marked improvement, albeit from a low base. For the three months ended August, it posted a net profit of RM3.2 million on the back of RM11.94 million in revenue. Earnings per share amounted to 1.5 sen. In the corresponding period last year, it made a profit of RM1 million on revenue of RM8.75 million.

As at end-August, its cash and cash equivalents amounted to RM26.78 million, with negligible liabilities. Retained profits were healthy at RM24.76 million and the company’s cash flow from operating activities for the three months ended August stood at RM3.64 million.

In notes accompanying its financials, ES Ceramics said the better results were “in tandem with the increase in revenue due to high demand for formers as well as improved production activities”. It added, “The prospects for growth in the rubber glove industry are positive as the industry is expected to continue to be driven by the growth in the global and domestic healthcare industry as one of the essential items in medical supplies.”

ES Ceramics closed at 49 sen last Thursday, which translates into a market capitalisation of RM225.4 million. Year to date, the stock is up more than 350%, a sizeable appreciation, prompting speculation and interest in the buyer of Tan’s block of shares.

Escream

 

ES Ceramics’ new shareholders remain unknown

TheEdge Tue, Dec 15, 2020 05:00pm - 3 months ago

ES Ceramics Technology Bhd, which makes ceramic moulds for the rubber glove industry, appears to be in unknown hands given the company’s opaque shareholding.

In early November, Datuk Kamal Y P Tan disposed of two blocks of shares in ES Ceramics. On Nov 4, he hived off 48.25 million shares, or 10.49% of the company, followed by another 47.18 million shares, or 10.25%, the next day.

A month before that, Tan held 105.26 million shares, or 23.39% of ES Ceramics, following a bonus issue of 236.56 million shares with free warrants on the basis of one bonus share and warrant for every existing share held.

Although a month has passed since he sold the two blocks of shares, there has been no indication as to who acquired them, or if the new shareholders elected to break up the block of 20-plus per cent into blocks smaller than 5% to avoid disclosure.

As the transactions were not even captured on off-market trades on Bloomberg, the price at which Tan exited is not known. It is worth noting that he had been a substantial shareholder of the company for more than 12 years, or since September 2008, when he surfaced with 6.06 million shares or an 11.44% equity interest in ES Ceramics.

Given the current investment interest in rubber gloves and industries related to healthcare or its products, Tan’s disposal of the bulk of his shareholding is rather puzzling.

The Edge did not seek comment from ES Ceramics as the change is at the shareholding level and does not involve the company.

An industry observer notes that there is much speculation over who acquired the block, but adds that it is difficult to say for certain why no substantial shareholder has emerged.

A lot of the interest in ES Ceramics and its shareholding also stems from the sudden gains in its share price. For instance, the counter shot up more than 220% from late July to early August and by more than 50% in late September to early October. On both occasions, the surges were followed by swift falls.

The company’s second-quarter financial performance, which will be announced in January, is expected to be stellar, according to speculation.

ES Ceramics is an interesting company given the current craze over glove stocks and Covid-19-related counters. It has a plant in Kawasan Perindustrian Silibin in Ipoh, Perak, and another facility in Songkhla, Thailand. Its ceramic formers, described as ceramic moulds, are dipped into latex to manufacture rubber gloves, giving the gloves their requisite shape.

According to its website, ES Ceramics began operations in 1998 producing formers for examination gloves, but has since expanded into formers for surgical, household and industrial gloves and balloons, among others.

An industry veteran tells The Edge that each ceramic former has a lifespan and can be utilised for between 40,000 and 50,000 dips, depending on various factors.

A source puts ES Ceramics’ current production capacity in Malaysia and Thailand at about 400,000 formers a month, or 4.8 million formers a year. He says there is only a handful of players with scale that produce formers for rubber gloves. Apart from ES Ceramics — the only publicly traded rubber glove former company — the other players include CeramTec Innovative Ceramic Engineering (M) Sdn Bhd, MediCeram Sdn Bhd and FormTech Engineering (M) Sdn Bhd.

It is difficult to gauge the industry’s production capacity in relation to the manufacture of rubber gloves. But in an August filing with the local bourse pertaining to its bonus issue, ES Ceramics said, “MARGMA (Malaysian Rubber Glove Manufacturers Association) had projected the demand for rubber gloves to reach approximately 300 billion pieces in 2020 with an annual growth of 12%. However, the current outbreak of Covid-19 has resulted in a 100% surge in demand globally in the first few months of 2020.

“The world’s largest rubber glove producer (that is, Malaysia), which contributes nearly 63% of global supply, has revised its estimated supply to approximately 220 billion pieces in 2020 amid the current scenario, which is much higher than the previously estimated number of approximately 188 billion pieces.”

Based on the association’s figures, back-of-the-envelope calculations indicate an overall global demand of 349.2 billion pieces, or 58% higher than anticipated.

ES Ceramics’ financials have shown a marked improvement, albeit from a low base. For the three months ended August, it posted a net profit of RM3.2 million on the back of RM11.94 million in revenue. Earnings per share amounted to 1.5 sen. In the corresponding period last year, it made a profit of RM1 million on revenue of RM8.75 million.

As at end-August, its cash and cash equivalents amounted to RM26.78 million, with negligible liabilities. Retained profits were healthy at RM24.76 million and the company’s cash flow from operating activities for the three months ended August stood at RM3.64 million.

In notes accompanying its financials, ES Ceramics said the better results were “in tandem with the increase in revenue due to high demand for formers as well as improved production activities”. It added, “The prospects for growth in the rubber glove industry are positive as the industry is expected to continue to be driven by the growth in the global and domestic healthcare industry as one of the essential items in medical supplies.”

ES Ceramics closed at 49 sen last Thursday, which translates into a market capitalisation of RM225.4 million. Year to date, the stock is up more than 350%, a sizeable appreciation, prompting speculation and interest in the buyer of Tan’s block of shares.

==================================

独家】卡玛尔逾20%股权转给家人 陈氏家族没退出ES陶瓷

Nanyang Tue, Mar 23, 2021 10:09pm - 1 hour ago

独家报道：谢静雯

（吉隆坡23日讯）前阵子无预警脱售ES陶瓷（ESCERAM，0100，创业板）大批股权的拿督卡玛尔·陈澄清，他只是将股权转给家人，无意退出这家投资超过12年的上市公司。

“我只是把股权转移给孩子和家人，我们也不是要退出这家公司。”久未露面的卡玛尔·陈接受《南洋商报》独家访问时特别澄清。

现年69岁的卡玛尔·陈是在2009年加入ES陶瓷董事部，但在去年11月突然脱售20.74%的股权，卸下大股东的身分，但却未公布买家身分，引发市场热议陈氏家族是否退场，并揣测谁是新大股东。

继去年脱售大批股权后，卡玛尔·陈在今年1月29日，以58仙的价格收购了2500万股或5.43%的股权，但当天就将之转手卖出，让人一头雾水。同日，他的儿子陈善光以同样价位，收购了ES陶瓷4700万股或10.2%的股权，崛起为大股东之一，但还有一批股权没公佈接盘人身份。

卡玛尔·陈受访时强调说，那批没有持有人身分的股权，是落在陈善光以外的家人手上，并非转售给外人：ES陶瓷“没有市场揣测的新幕后股东”。

根据条例，上市公司需披露持股5%以上的股东身分。因此，ES陶瓷仅公布了持有10.2%的陈善光，未有公布其他持股权低于5%的陈氏家族成员。

既然股权转移给第二代，他们会参与公司运作吗？

不参与公司运作

“我们（陈家）不会参与任何ES陶瓷的运作，我们相信现有专业管理团队的能力，且会继续持有这家前景良好的公司。”

ES陶瓷专制陶瓷模具，尤其是橡胶手套模具。随着手套需求因2019冠状病毒病而暴涨，也带动了ES陶瓷的模具需求。

在最新公布的2021财年第三季财报中，该公司营业额按年飙升1.52倍至2260万8000令吉；净利更是大增11.96倍至846万7000令吉。

Glove former

Hi guys,

Covid 19 latest infections have almost reached 8 Million people in over 180 Nations. And Malaysia supllies 2/3 of the life saving Exam & Surgical Gloves in this time of Emergency

There are 7 Glove Players in Malaysia - Topglove, Harta, Kossan, Supermax, Comfort, Rubberex & Careplus (Plus 3 in Singapore - Riverstone, Sri Trang & Ug healthcare)

 

And almost all Glove Companies are stepping up production to FULL CAPACITY & OVER TIME!

Plus Supermax is building 4 More NEW GLOVE FACTORIES AS well as TOPGLOVE, RUBBEREX & All OTHERS

SRI TRANG (THAILAND) ALSO GOING INTO IPO AND EXPANDING FEVERISHLY

But there s only one Glove hand mold maker called Es_ceramic

See

https://www.youtube.com/watch?v=fJCfnmEcQ-E

 

With the NEED FOR MORE HAND MOLDS ALSO MEAN THE NEED FOR MORE GLOVE LATEX AND GLOVE NITRILE CHEMICALS

 

Plus there are few glove chemical makers like Luxchem & Samchem

And as both Luxchem & Samchem have gone up in prices

Calvin has found TEXCHEM at 49 sen to be another potential glove chemical laggard

See (Refer to TEXCHEM ANNUAL REPORT: Page 4)

The US-China trade war has resulted in severe raw material price reduction, unstable supply and demand and keen

competition affecting margins. Our Industrial Division cushioned this impact by increasing sales volumes and recorded

marginally lower revenue of RM442.0 million (FY 2018: RM445.3 million) and lower pre-tax profits at RM4.6 million

(FY 2018: RM5.4 million). The Division ceased its distribution of food additives in Vietnam due to severe competition

resulting in pre-tax loss amounting to RM0.4 million. Meanwhile, diversification into the manufacturing of latex glove

chemicals is progressing as planned.

 

TEXCHEM INDUSTRIAL POLYMER REVENUE IS BIGGER THEN ITS SUSHI KING FOOD BUSINESS

 

So the Pivoting into Glove Latex & Glove Nitrile Chemical is IN PERFECT CHUN CHUN TIMING

 

Its fore runner is the TEXSHIELD (Face shield) already selling well in the market

 

See

 

 

 

 

 

 

 

SELLING WELL ON-LINE

 

 

 

 

 

 

 

SO BOTH ES_CERAMIC & TEXCHEM WILL DO WELL

(NOTE: TOPGLOVE SAID ALL RUBBER GLOVES HAVE BEEN PRE-BOOKED AND SOLD FOR THE NEXT 400 DAYS)

 

 

ES_CERAMIC IS 52.5 SEN

 

Target price is 70 sen to 80 sen

 

TEXCHEM IS 49 SEN

 

Target price is 70 sen to 80 sen

 

 

 

Best regards

 

Calvin Tan Research

Singapore

 

 

Please buy or sell after doing your own due diligence. In doubt please consult your Remisier or Fund Manager

=======================================

Gloves Supply will continue to increase and boost up every year
https://www.google.com/imgres?imgurl=https%3A%2F%2Fwww.gminsights.com%...


A search about Glove Former keywords:
https://www.google.com/search?q=gloves+former&oq=gloves+former&...-8

**** & our guru Calvin Tan post ****
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-14...

If one day where other gloves former companies, like below, do subscribe it's IPO and go for it

Creamtec
https://www.ceramtec.com/dipping-formers-for-gloves/
(The CeramTec subsidiary in Seremban, Malaysia produces and sells ceramic dipping formers used to manufacture rubber gloves, operation/surgical gloves, examination gloves, household gloves and industrial gloves)

GIC
http://gloveformer.my/

MediCeram
http://mediceram.com.my/products/

Gotaj Ceramics
https://www.gotajceramics.com/

Also it has a challenging competitor in Thailand right now, Progress Plasmic
https://www.progressplasmic.com/en/

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From Calvin Tan : T

These are the salient factors:

1. Excellent result of 1,000% profit surge

2. Results shown are due to increasing ASP, payables received and cash upfront from new orders of hand molds.

This shows that Esceramic is involved with CASH Business with Good Paying Customers

3. As a result Cash position has jumped to Rm60 millions

4. With so much fresh sales Esceramic is doubling production from 500,000 hand formers to 1 million hand formers by adding two new factories -- making it the largest Glove Hand Formers manufacturer in the world

With factories located both in Thailand and Perak it will capture the lion share of glove hand Former business by both sales and services (hand formers life span ranges from 8 months to 15 months ) and are subjected to constant moving, dipping into chemicals and heating in ovens see https://www.youtube.com/watch?v=1-uH0KmgU_o

5. Sri Trang Thai Rm6.4 billion expansion till year 2026 will ensure lots of immediate business

6. Hartalega Rm7 billions expansion near Thai border will give long term 20 years demand

7. Thailand is now the bigger rubber producer on earth followed by Indonesia Malaysia in 3rd place

Japan, USA and Europe cannot compete in medical gloves because rubber trees cannot grow in their countries so they don't have fresh rubber latex . For Sri Trang Thai and Topgloves they have their own rubber plantations

8. That means that Esceramic is almost a sole monopoly and will have a long term edge in growth for many more years to come