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topglove supply 25% of glove market, if TG production distrub or become lower ... ASP will rise due to lower supply but higher demand (increasing cases in US and Europe)
1. vaccine coming, glove demand will increase.
2. new sop in aviation, hotel and customer service required to wear glove.
now downtrend only due to sentimen, the revenue and profit will increase every quarter next year.
malaysia company didn't produce vaccine plus too many middle man. profit margin will be very low for vaccine distributer.
if now have 100k vaccine whole country become green ady...
not all people need
covid19 active case near 20m active case
if have 100m vaccine is more than enough
whole world become green and it will settle
Digi29, Do you have medical knowledge? Vaccines are a preventative rather than a curative and to achieve total immunity at least 70% of the population must vaccinated, so we need 6 billion vaccine，if vaccine like pfizer requires two doses, then we need 12billion
