In a picture, you can see that the profit margin for Topglov & Supermx is dropping, while the profit margin for Kossan & Harta is rising. In this cutthroat competitive environment that rubber glove manufacturers are operating, you must go with the winners. And, the winners are the ones that can raise their profit margin.
Chart: Rubber Glove Manufacturers' Profit Margin
Note:
In
addition to the disclaimer in the preamble to my blog, I hereby confirm
that I do not have any relevant interest in, or any interest in
the acquisition or disposal of, Topglov, Supermx, Kossan & Harta.
2 comments:
Dear Alex,
Your postings are excellent.
What about Luxchem which provides the raw material for nitrile glove makers?
Hi panaceaasia
Luxchem's financial result has been flattish for the past 2 quarters. That may explain the sideway movement in the price for the past few months.
However, it is now trying to break above the RM1.26-1.28 resistance. If it can do that, I think the stock is poised to continue with its uptrend.
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