Rubber Products (Gloves, Condoms etc)

Re: Rubber Products (Gloves, Condoms etc)

Postby winston » Sun Jan 17, 2021 7:56 am

Medical glove exports face more delays amid shipping container shortage

KUALA LUMPUR (Reuters) - Malaysia's medical glove makers face weeks of delays in delivering products to customers abroad due to a global shortage of shipping containers, hampering their ability to meet demand during the coronavirus crisis, industry officials said.

Supramaniam Shanmugam, president of the Malaysian Rubber Glove Manufacturers Association (MARGMA), told Reuters on Friday the container shortage had eased after year-end festivities but the situation had yet to return to normal, with exports by glove makers still facing delays of two to five weeks.

Malaysia, the world's biggest producer of medical gloves, has been racing to meet skyrocketing demand due to the pandemic.

MARGMA said the lead time to deliver gloves to customers had increased by more than six months even as manufacturers ramped up production to cope with new orders.

Industry officials say the situation could return to normal by the end of February, after previously estimating export delays could continue until March.

"There are more empty containers available now. However, there may not be enough vessel space and we need to manage this till February," Shanmugam said.

China saw a container crunch at the end of last year, sending cargo costs to record highs and hampering the ability of manufacturers to meet fast-recovering global goods orders.

The Malaysian National Shippers' Council said its members faced severe container shortages in the second half of last year and were still scrambling to secure space on vessels. It does not see the situation easing this quarter.

The shortage drove up freight rates by 300%-400%. The council's Chairman Andy Seo said higher rates were becoming the benchmark with exporters ready to pay a premium.

"Members have indicated that container booking requests get cancelled by the shipping lines at the very last minute unless manufacturers were able to pay higher freight rates, he said.

Source: The Star

https://www.thestar.com.my/business/bus ... r-shortage
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Re: Rubber Products (Gloves, Condoms etc)

Postby winston » Wed Jan 20, 2021 1:06 pm

Thailand ramps up medical glove production as it chases Malaysia

Companies set to invest over $800m in new capacity as global demand surges

Thailand has 19 rubber glove factories with a total production capacity of 46 billion pieces per year, 90% of which was, typically, for exports, with the kingdom accounting for around 13% of global supply, according to the Thai Rubber Glove Manufacturers Association.

New investments in the industry are expected to expand Thailand's share of the market to 20% by 2022.


Source: Asia Nikkei

https://asia.nikkei.com/Business/Health ... aysia?s=09
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Re: Rubber Products (Gloves, Condoms etc)

Postby winston » Tue Feb 16, 2021 12:30 pm

HLIB cuts target prices on glove makers following shift in valuation method

by Arjuna Chandran Shankar

The research house explained that it changed its valuation methodology from a straight price-to-earnings (PE) multiple to a modified discounted cash flow (DCF) valuation.

For the remainder of 2021, it is expecting vaccination demand for gloves to more than offset the decline in demand used for testing.

It noted that ASPs are expected to remain elevated around US$115 to US$140 per one thousand pieces for the time being, with a decline possibly happening only in the fourth quarter of 2021 (4Q21).

The research house added that even if global supply is expected to rise by around 20% this year from existing players ramping up production capacities and newer players entering the market, there will likely still be a supply shortage of around 12.4 billion pieces in 2021.


Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... ion-method
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Re: Rubber Products (Gloves, Condoms etc)

Postby winston » Thu Feb 25, 2021 2:14 pm

vested in Supermax, Top Gloves, Hartalega and Riverstone

How low are glove stocks compared with bullish analysts’ target prices?

by Ahmad Naqib Idris

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/556201
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Re: Rubber Products (Gloves, Condoms etc)

Postby behappyalways » Sun Feb 28, 2021 10:20 pm

八点最热报 28/02/2021 该进场或退场 手套股的黄金岁月已不再?
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