$TOP GLOVE CORPORATION BHD(BVA.SI)$all glove play in malaysia is over played by self interest analysts together with short sellers recently. They used scare tactics. Making almost everyone panic. Do you think demand will evaporate overnight?. Profit loss and asp lower is only temporary. Due to mco restrictions & lack of legal foreign workers production volume slumped.Now it is slowly back to normal. Competition from china if any is evaporated for at least a few months due to backlog of shipment from china. Due to shortage and price increases.In fact this greatly helped the glove demand form Malaysia. The source of rubber is nearer to Malaysia than to china. When in a shipping crisis it is better to be near your material source.
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