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The construction of 14 glove double former dipping lines is expected to commence in December 2020
and production will begin in June 2021. With 14 glove dipping lines operational, Fintec Glove’s
manufacturing capacity is projected to exceed 3.3 billion pieces of medical gloves equivalent to 32,000
pieces per hour. Against a conducive backdrop for medical gloves demand, Fintec Glove Sdn Bhd expects
to recuperate its capital cost within 3 years assuming average selling price of each piece of glove remains
above RM0.20 per piece. As the pandemic has caused the demand for gloves to spike resulting in a
supply shortage, medical gloves are now selling at USD 9 cents per piece.
Presently, Fintec Glove is seeing strong interest from multiple parties to signed long term contracts
committing to the future delivery of medical gloves, hence Fintec Glove believes the outlook for medical
glov
Ya same story with AT, but don't you think that Fintec is more worthy than AT? Haha check with their Financial statement, capital and also their assets.
AT first day news of glove went up only 1 sen from 12 to 13 sen on 6 Nov. Next day only it went up from 13 to 20 sen and up to 27 sen next 2 days. Goreng also need patience
FINTEC still cheap... haven make any new highs except for past few months... now still consolidation at good price... if drop below 8.5 really have to CL... but now still can hold... I holding 3mil shares @11 with TP at 17cts ^^
