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#Capacity was increase from 85% to close to 95%
#ASP in Q2 didn't increase much to take care of existing customer
#ASP in Q3 and Q4 will increase ranging from 15% - 20% (industry practicing general 20% - 30% increase)
#Raw material cost was in a lower range for sometime, there's a sign of increase in raw material, but likely to pass on to consumer
#Product mix:
~80%:20% medical : non medical
~80%:20% Nitrite : Latex
~90%:10% OEM : OBM
# Plant 19 is ready in July/August 2020
# Upcoming expansion in 2 stages, up to 5 billion
# Expansion plan in Bidor is as per schedule
# Purchase a land from CBIP as it's next to current piece of land - able to put into production if required
# Dividend policy remain at minimum 30%, shareholder will receive more dividend as the company is performing well this year.
Why said no good news leh? For me, the good news is new plant going to ready this month. It managed to product more and gain more. Which sector can gain more and profit will double/triple coming months? Think about it.
May be the high AVP is the only good news for some ppl. For me, capacity increased 10%. New plant ready to produce more... All showing good signs. If demand not high, do you think these will happened?
Yeah regardless of anything, share price going up or down isnt affected by u small john, so stop going around talking blabla kossan gonna drop. Are u the banker? Ure just so funny lol
# plant 19 to be ready July /August
This will be the best catalyst to move the revenue and profit. Now gloves at highest demand and whoever can produce more will get the advantages.
1) Plan 19 will be completed in end July/ August 20. Production will up by 15% to 20%,
2) Material for nitrile glove, ie. butadiene is at historical low in Jun, in tandem with the raw material (petroleum) price, and will slowly rebound,
3) The new plant purchased next door in Klang will be splited in 2 phases (5 billion pieces), & should contribute to production as early as end of this year (1st phase of 6 production lines out of 16), by tapping on their factory's infrastructure.
