Dude if you have analysed the Quater report carefully and detailed enough, you’d realise the rose in ‘trade receivable’, majorly is due to they have just owned 100% of the subsidiary in Brazil namely “Careglove”. So previously “Careplus” only owned “Careglove” 50%+1 of its stake and the rest was owned by AJJ. Thus due to this, they have to separate out the “trade receivable” for “Careplus” & “Careglove” and since “Careglove” is now fully owned by Careplus thus which is why with accounting rules they need to combine and add up both “trade receivable” of Careplus and Careglove together, which is why it increased. But the increase in “trade receivable” is not mainly due to the increase of delayed payment by their clients. So please make sure full understandings are there before saying anything otherwise it will just be spreading false news and information all around.

Thank you and hope it’s clear enough for you.

Wenbo please just don't look at figure for nothing, I said already the Careglove amount haven take into account and is not trade receivable. Careplus that time haven own the Careglove yet, it only joint venture with Ansell February. Please find why QoQ drop and find the truth

C’moon dude you gotta realise that this glove company is relatively smaller than other top 4 glove companies with higher share price. The reason why their sales fell was truly because their stocks were piled up due to MCO and they failed to deliver that time. It will only be considered as sales made once they have delivered to their clients. Yet hope you wouldn’t prejudice to compare the sales of this Quater which is only 3 months in within to the sales that was reported in the annual report which was for 12 months. Thus, despite the fall but that’s just for 3 months and not 12 months + due to the MCO. Despite their fall in sales they have certainly managed to turn the deficit into profit earning with such a short time. This would certainly be unfair if you compare it with top 4, top glove, superman, hartalega. So stop for few seconds and think, this is just beginning of 3 months, and much improvement can be seen. What would it even be when 2nd Quarter is released. Think about it and soon their production lines are increasing more and more. Can only say this is just the beginning of ‘Careplus’ empire in the glove industry as a player.

Think about it ;)

the moment you are comparing a company that producing 70billion gloves per year with another company which was almost dead due to the 2019 glove oversupply issue which probably produces less than 5billion gloves per year.. hmm. it's like comparing earth to moon, it's not just about the size, they have "gravity" also you need to consider which comes together with the size.

glove is a very cheap product, not much tech about it, profit margin for harta also limited

why I compared harta? because they always sell they product as premium, premium means better profit margin, even harta also got limit. Supermax's profit margin is typically around 6-10% at a "top 4 size". you can't make so much profit when you are too small and need to outsource 50% of your process/maintenance (at that small scale I think 50% is and understatement) & still want to compete with top 4 in product pricing. all these will be a cost for you and your only way is to grow bigger.

if I think future of future, I imagine a world without disease and humans. hahahaha of course ASP won't stay this high forever la, but will it go back to before COVID ? when will if go back? all this baru the question we should think about ma right? don't think too far la, unless you looking for a place to park for next 20 years?

KS, I don't think anyone can prevent anymore. US and Brazil like that means we already signed up for a long term stage by stage forced upgrade for individual immunity edi. It has passed the point of no return. Prevention of other disease can be done though. problem is this K+ still haven't get T4's gravity, one gov drama enough to grow/kill them. our gov you also know la