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SRI TRANG GLOVES, A NEW BEGINNING ON 10 MAY 2021
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tonyja
Elite |
04-Jul-2021 15:12
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The Stock Market Has Its Own Dark SideTradeviewSunday, 04 July 2021
![]()   Recently, I was shown a video clip on Facebook where a retail investor who suffered major losses in the stock market contemplating suicide and called up DJ Chan Fong of FM 988 seeking for advice. (For full video please go to DJ Chan Fong 988 facebook link  HERE  )  Briefly, prior to Covid-19, he was working in the tourism sector but lost his income stream, so he decided to put his savings into the stock market to make some money. He decided to follow a " fake guru" (one of those with Facebook Ads saying how easy investing is, how they are rich and successful etc) and went big into the market. After gloves, he went into Serba Dinamik. Ultimately, he loss everything. He is only 35 years old but he said he is at his wits end as he lost everything and is looking to end his life. This prompted me to write this article, in part to address the extremely dark and painful side of the stock market. In addition, is to reach out to others who suffered the same fate of this gentleman. Many retail investors look to the stock market as a path to " get rich quick" . Often they are misled or misrepresented by those who appears on youtube / facebook videos ad " saying how easy it is to quit a day job to be a full time trader." These same bunch of " Gurus" like to use social media to flaunt their wealth whether driving a sports car, wearing a fancy watch or expensive suit. Those who are taken in pays astronomical sum as " fees" to these " fake gurus" . In all honesty, these " fake  Gurus" are very  easy  to spot. This is because in order to prove their " success" , they need to appear " successful" . It is all part of their marketing strategy to lure fresh lambs to slaughter. The worst kind of hypocrites are those who mask themselves as value or fundamental investors when they in fact know nothing about valuation, macroeconomics or reading financial accounts. The are just scam artist and charlatans. In the olden days, they are known snake oil salesman. They move from circle to circle and once the cannot find new " lambs" , they simply work on a new scheme altogether. When things goes bad, they say everyone should be responsible for their own action totally excusing themselves of their liabilities.  If you look at the best value or fundamental investors in the world, they are never showing off or flaunting their wealth. Warren Buffet, Charlie Munger and Peter Lynch are very good example of modesty and humility.  To put it simply, investing in the stock market is not easy at all. It is not for everyone. However, it is ten times more dangerous if someone enters the stock market with a wrong mindset. A wrong mindset would amplify the most heinous desire - greed. It takes you to do things no rational person would. This is why I am so angry when there are prominent investors in our society  telling people to take margin or leverage to invest in the stock market. This is morally reprehensible of the highest order. Those " Fake Gurus" who tell retail investors to " show hand"   or " sailang" is just as bad. Most people who invest in the stock market hopes to make money. But if that is the sole purpose, then one must be prepared to lose everything. If you are not prepared to lose everything, you do not enter the stock market. It is just like being an entrepreneur, if you choose to start your own business, be it big or small, you must be prepared to lose everything as there is always risk when it comes to business. If you are not ready for that, do not be an entrepreneur, be an employee instead. It is both a safer and less emotionally tormenting route.  Hence, investing should always be about using excess funds set aside for the purposes of investing. It should not dip into your savings, children education fund  or monthly commitments.  Personally, I have been tested many times through out my investment journey. I have made countless  mistakes over the years. I have made huge losses especially in the early days. To me, the stock market is where many facets of my existence are constantly being challenged, for example my aptitude, patience, greed, confidence amongst many others. This is also where life lessons can be frequently picked up while it helps me mature not only as an investor but also a person. Until today, I am learning and in order to continue to sustain or to do well, it is a continuous process. Voracious reading is a pre-requisite followed by the need to maintain a strong psychology and healthy  mindset  to weather headwinds. If you are not able to do so, it is best to keep your hard earned money in the Fixed Deposit.  In the beginning of my book, the  Chapter " The Million Dollar Question" , it starts off like this  " Investing is a journey. The passage of time breathes life into this. I have not come across anyone, who can convincingly tell me he or she has mastered the art of investing. Probably, if someone did claim that, it would be a hoax. Most of the successful investors in the world share one common trait - humility" .  With this, I hope all retail investors out there who are passionate with the market do not lose hope when you are losing money in the stock market. Rather, think of where you went wrong, find out your mistakes, learn from it and do better next time. It is a life long journey, I know it for a fact because I am still learning every day. Ps: I want to express my utmost respect to FM988  DJ Chan Fong who have been tirelessly providing counselling and assisting those who went through emotional, traumatic,  mental health issues over the years. Even when I was much younger, before mental health awareness was in focus,  DJ Chan Fong was  already helping many people with his programme. #DJChanFong  -------------------------------------------------------------------------------------------------- For the link to my new book - " Once Upon A Time In Bursa" , please click  HERE  : |
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tonyja
Elite |
02-Jul-2021 22:41
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tonyja
Elite |
30-Jun-2021 01:13
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WHO says delta variant of COVID means even vaccinated people should keep wearing face masks, as more Asian cities lock downCiara LinnaneLast Updated: June 29, 2021 at 10:47 a.m. ET
Coronavirus UpdateFirst Published: June 29, 2021 at 10:33 a.m. ETBy
 
Delta variant is now causing concerns across Asia and in Europe Pedestrians on New York City' s Fifth Avenue are mostly no longer wearing face masks angela weiss/Agence France-Presse/Getty ImagesThe World Health Organization is emphasizing its position that even fully vaccinated people should continue to wear face masks in public given the risk presented by the delta variant of the coronavirus-borne illness COVID-19, which is currently racing across the world. &ldquo People cannot feel safe just because they had the two doses. They still need to protect themselves,&rdquo Dr. Mariangela Simao, WHO assistant director-general for access to medicines and health products, told reporters last week.  WHO officials have said the delta variant, now present in 92 countries, has the potential to become more lethal than others, because of the ease with which it is transmitted. The agency&rsquo s stance on face masks puts it at odds with the U.S. Centers for Disease Control and Prevention, which  has dropped that requirement  as more Americans are vaccinated and cases fall. Some experts are warning, however, that even with the progress the U.S. vaccine program has achieved under President Joe Biden, there is still a long way to go before people should let their guard down.   
The CDC&rsquo s vaccine tracker is showing that 153.8 million people are fully vaccinated, equal to 46.3% of the overall population. That means they have received two shots of Pfizer  PFE,  -0.22%  and German partner BioNTech&rsquo s  BNTX,  +0.16%vaccine or the similar one developed by Moderna  MRNA,  +5.99%,  or a single shot of Johnson & Johnson&rsquo s  JNJ,-0.14%  one-shot regimen. The AstraZeneca  AZN,  +0.05%  AZN,+0.09%  vaccine has not been authorized for use in the U.S.  Don&rsquo t miss:  Full FDA approval of Pfizer&rsquo s and Moderna&rsquo s COVID-19 shots would reinvigorate the U.S. vaccination push &mdash but it could still be months away Among adults 18-year-and-older, 57% are fully vaccinated, while 66.1% have received at least one dose.  Individual communities are recommending, though not mandating, the use of face masks in public spaces, including Los Angeles County, where officials are suggesting people wear masks when inside grocery or retail stores as well as at theaters and family entertainment centers and in workplaces when people&rsquo s vaccination statuses are not known, as the Associated Press reported. Illinois Gov. J.B. Pritzker on Monday urged residents to get vaccinated and to stick with face masks,  the Chicago Sun-Times reported  from an event at which Pritzker wore a face covering himself, &ldquo out of an abundance of caution.&rdquo   The delta variant continues to drive lockdowns around the world with Bangladesh and Malaysia now among the Asian countries imposing restrictions on movement,  the New York Times reported.In Australia,  four major cities are locked down, namely Sydney, Brisbane, Perth and Darwin.  In Europe, the variant accounted for 36% of cases recorded in Germany in the week to June 20, up from 15% the previous week, Lothar Wieler, president of the Robert Koch Institute public health agency told officials, as  reported by Reuters.      Officials have warned that delta could account for 90% of cases in Europe by August. The variant is  already dominant in the U.K., where it accounts for 99% of new cases. However, hospitalizations and deaths have remained low in the country, which has vaccinated more than 80% of the adult population with at least one dose, as MarketWatch&rsquo s Callum Keown reported. Two studies conducted by Public Health England concluded earlier this month that a double dose of Pfizer  and AstraZeneca vaccines  offer significant protection  against the Delta variant, cutting the risk of hospitalization by 96% and 92% respectively. The spread in the U.K., which recorded 22,868 new cases on Monday, has led Hong Kong to ban all flights from the country, designating it an &ldquo extremely high-risk&rdquo destination.  Israel, another country that has led the way with its vaccination program, has reported surging infections in the past two weeks &mdash rising from 206 active cases on June 14 to 1,254 on Monday,  according to The Times of Israel. However, Israel has recorded just one death in that period, with severe cases also falling from 30 to 22. See also:  Spain will now require U.K. travelers to show proof of vaccination or negative COVID test Latest talliesThe global tally for the coronavirus-borne illness headed above 181.5 million on Tuesday,  according to data aggregated by Johns Hopkins University, while deaths climbed above 3.93 million.  The U.S. continues to lead the world in total cases at 33.6 million, and by deaths that total 604,152. India is second in total cases at 30.3 million and third by fatalities at 397,637, although those numbers are expected to be undercounted given a shortage of tests.  Brazil has the third-highest caseload at 18.4 million, according to JHU data, and is second in deaths at 514,092. Mexico has fourth-highest death toll at 232,608 and 2.5 million cases.  In Europe, Russia has overtaken the U.K. by deaths. Russia has 132,314 fatalities, while the U.K. has 128,367, making Russia the country with the fifth-highest death toll in the world and highest in Europe. China,  where the virus was first discovered late in 2019,  has had 103,746 confirmed cases and 4,846 deaths, according to its official numbers, which are widely held to be massively underreported. Advertisement
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tonyja
Elite |
25-Jun-2021 22:46
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Dr Viyawood sell shares
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tonyja
Elite |
25-Jun-2021 12:45
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Virus variants are raging across the world. The delta mutation forced Israelis back into wearing masks and made the country postpone the opening of its borders to foreign tourists, while Hong Kong tightened rules for U.K. arrivals. Seychelles blamed the beta variant, first identified in South Africa, for a surge in cases despite fully immunizing 68% of the population. Argentina said gamma, first identified in Brazil, is now dominant in the country. |
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tonyja
Elite |
24-Jun-2021 18:20
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1c2e3s
Veteran |
24-Jun-2021 14:07
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Courtesy of Tonyja   MIDF downgrades glove sector to ' neutral' as peak in urgent demand points to end of supercycle/ 
June 24, 2021 12:32 pm +08 KUALA LUMPUR (June 24): MIDF Research has downgraded glove sector to " neutral" from " positive" , as the upcycle of the sector is coming to a tail end. Its analyst Ng Bei Shan said in a note today the diminishing spot rates and lower average selling prices (ASPs) show that urgent demand has peaked. According to her, compared with the end of 2020, spot ratios for rubber gloves have eased, which means that the urgent orders for rubber gloves may be subsiding. Based on channel checks, she said, glove makers have lower spot allocation compared with one to two quarters ago. " Although we expect prices to stay above pre-pandemic level, we opine that as the urgency for gloves subsides, ASPs for gloves are likely to tilt lower," she said. She also noted that the improving situation of the pandemic in the developed countries has shifted the urgent demand for rubber gloves. The high vaccination rate in the UK, the US and EU would also imply that the urgency for rubber gloves in these countries may slow down and put further pressure on ASPs going forward, she added. Meanwhile, the higher capacity has also contributed to the easing in demand for urgent orders. According to her, this year, companies continued to add in new production lines to churn out more gloves and the estimated new supply, contributed by existing players and new set-ups, expected to increase by more than 30% compared with in the previous year. She also expects glove makers' profit margins to narrow with lower ASPs and firmer cost structure. Adding to the narrower profit margins will be other costs of doing business, which include higher labour costs and the compliance of better environment, social and governance practices, she said. She believes that glove makers' profitability is likely to normalise in tandem with the lower ASPs. On average, she has reduced the sector' s 2022 to 2023 ASP assumption by 5% to 10%. Following the changes in assumptions and earnings estimates, Ng has downgraded Hartalega Holdings Bhd, Kossan Rubber Industries Bhd, Supermax Corp Bhd and Top Glove Corp Bhd to " neutral" from " buy" due to limited upside in capital gain. She has also revised down Hartalega' s target price (TP) to RM8.40 from RM12.96, Kossan' s TP to RM3.31 from RM5.83, Supermax' s to RM3.46 from RM6.73, and Top Glove' s to RM4.55 from RM5.73. " Among the stocks, we prefer Hartalega for its above-industry profitability and its focus on product differentiation and innovation," she said. Hartalega, Top Glove and Supermax were among the top 30 losers this morning. At 11.35am, Hartalega fell 20 sen or 2.5% to RM7.80, Top Glove slipped 11 sen or 2.47% to RM4.34, Supermax slid nine sen or 2.62% to RM3.35. Kossan, meanwhile, shed eight sen or 2.37% to RM3.29. |
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tonyja
Elite |
23-Jun-2021 21:23
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Dr Viyawood sell shares  |
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tonyja
Elite |
23-Jun-2021 21:20
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tonyja
Elite |
22-Jun-2021 18:33
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tonyja
Elite |
21-Jun-2021 18:45
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tonyja
Elite |
20-Jun-2021 11:40
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Liner congestion spreads across the planet, 304 ships queuing for berth spaceSam ChambersJune 18, 2021
The ebb and flow of record global liner congestion is neatly encapsulated in two maps provided below from Seaexplorer, a container shipping platform created by logistics giant Kuehne+Nagel. As of 3.30 pm Singapore time today (see top map) there were 304 ships idle in front of ports around the world waiting for berth space to open up. Seaexplorer data shows there are 101 ports reporting disruption such as congestion. Officials at the Kuehne+Nagel digital offshoot report the number of ships forming queues hit 350 in the middle of this week before falling back to 304, the same level as this time last week (see lower map). Red dots in the enlargeable maps represent clusters of ships while orange ones mark out ports that are congested or suffering from disrupted operations. The clear change over the past week is how the congestion, so visible in recent weeks in south China, a key export area hit by a Covid-19 outbreak, is now spreading to other important hubs. Singapore, for instance, has seen the number of boxships waiting for berth space increase by 37.5% over the past week, while intra-Asia hubs such as Laem Chabang are now reporting tailbacks and in the US, east coast ports are suffering all manner of disruptions. While last week, boxships queueing in Chinese waters made up more than 50% of the global total, this has dropped today to less than 40% indicating the growing global congestion contagion.
Maersk, the world&rsquo s largest containerline, in a post from earlier this week discussed the stretched nature of global supply chains, something it warned was now the new normal. &ldquo The trend is worrying, and unceasing congestion is becoming a global problem. Due to Covid-19 and a significant volume push since the end of last year, terminals are becoming global bottlenecks, be it at berths, yards or gating out cargo, and it&rsquo s continuing throughout the logistics chain &ndash in the warehouses, the distribution centres &ndash with numbers on the rise,&rdquo Maersk stated. Splash  reported yesterday  how the partial shutdown of Yantian Port following a Covid-19 outbreak late last month is now on track to affect twice as many containers as were impacted during March&rsquo s high profile blockage of the Suez Canal. Blank sailing data tracked at major Shenzhen ports, including Yantian, by box tracking service project44 has shot up. Over the period of June 1 to June 15, 298 container vessels with a combined total capacity of more than 3m teu skipped Shenzhen, a 300% increase in blank sailings in one month. Though the total capacity was not meant for Yantian, the volume of loaded export containers that were left behind has caused a severe backlog. Dwell times at Yantian also paint a grim picture. Over the last two weeks, the seven-day average of median dwell times on export containers from the Yantian terminal doubled in number, reaching 23.06 days on June 15. The mean dwell times on import containers into Yantian were lower, at 5.96 days for the same period, suggesting that carriers are avoiding the port. &ldquo While the epicentre of this particular breakdown is Yantian, these numbers spell trouble across the maritime shipping world, and particularly for companies that rely on these routes,&rdquo said Josh Brazil, vice president of marketing at project44. &ldquo Even shipments not directly impacted by the Yantian situation could feel the impact, as carriers adjust their networks to avoid congestion at Yantian.&rdquo Hind Chitty, principal consultant at Drewry&rsquo s supply chains advisory practice, told  Splash: &ldquo Carriers are skipping Yantian port in their rotation, creating massive rollovers and multiple side effects, as an additional shortage of empty equipment in the region and an unprecedented surge in the east-west ocean freight rates, which may spread to the other trades lanes.&rdquo Drewry&rsquo s World Container Index (WCI), published yesterday, increased 3.4% or $231 this week, and is 305.7% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,427 per feu, which is $3,468 higher than the five-year average of $1,960 per feu. The Shanghai Containerized Freight Index (SCFI) also climbed to new highs today, up another 44 points this week to settle on a record 3,748 points with some speculating the extraordinary market forces at play could see the SCFI cross the 4,000 mark soon. ![]() 18th June 2021 ![]() 11th June 2021 |
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limjoeseph
Supreme |
19-Jun-2021 23:31
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I am Making a Relative Comparison between STGT/ANSELL/TOP GLOVES:
Understand TG M'sian Net Short Positions is 249 Million+ Shares compared to STGT NVDR Net Longs at 88 Million+ Shares (Shortists's Positions about 60 Miilion+ Shares) to Date. By looking at STGT's/ANSELL's Weekly Chart, both of them are not far away from All Time High relative to TG M'SIA which is Languishing at Recent Bottom, I shall make my general sypnosis as follows: "Seems TG M'SIA being Plagued by Poor Sentiment Resulting from Unresolved Labour Issues Imposed by US and Latest MCO Extension Resulting in 60% Workforce Operating in their M'sia Factories besides Further Drop in Future Gloves ASP due to Global Vaccine Success Resulting in Drastic Virus Drop Recently. On that Score, I suspect both STGT/ANSELL are still Better SAFE HAVEN PLAYS than TG M'SIA probably looking at Rotation Play between Selected Gloves Counters of Different Origin." Therefore I shall leave it to Readers to Make their Own Judgemental Call on STGT's Future Market Direction which will have Bearing on STA's Market Direction as STA enjoys 56.2% Earni)ngs Contribution from STGT." As Always, Due Diligence is Warranted on Own Judgemental Call to Suit Risk Appetite. |
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limjoeseph
Supreme |
19-Jun-2021 23:30
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limjoeseph
Supreme |
19-Jun-2021 23:29
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limjoeseph
Supreme |
19-Jun-2021 23:28
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limjoeseph
Supreme |
19-Jun-2021 05:51
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Delta, the highly contagious Covid-19 variant first identified in India, is becoming the dominant strain of the disease worldwide, the World Health Organization?s chief scientist said Friday.
That?s because of its ?significantly increased transmissibility,? Dr. Soumya Swaminathan, the WHO?s chief scientist, said during a news conference at the agency?s Geneva headquarters. Studies suggest delta is around 60% more transmissible than alpha, the variant first identified in the U.K. that was more contagious than the original strain that emerged from Wuhan, China, in late 2019. The situation globally ?is so dynamic because of the variants that are circulating,? she added. The variant has spread to more than 80 countries and it continues to mutate as it spreads across the globe, the WHO said Wednesday. It now makes up 10% of all new cases in the United States, up from 6% last week, according to the Centers for Disease Control and Prevention. |
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tonyja
Elite |
19-Jun-2021 05:11
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Top Glove faces ESG reckoning on forced-labor allegationsShareholders call for action following US import ban and COVID-19 outbreakSINGAPORE -- Mired by allegations of forced labor and shoddy work  conditions,  Malaysia' s Top Glove faces mounting pressure to address shortcomings on environmental, social and governance issues. The largest maker of rubber gloves worldwide benefited from a surge in demand sparked  by the coronavirus.  For the six months through February, net profit soared 22 times on the year  to 5.22 billion ringgit ($1.27 billion) while  sales rose 315% to 10.12 billion ringgit. But as vaccinations reduce infections in some countries, the company is grappling with the challenge of satisfying stakeholders in a post-pandemic world. Top Glove declared 2021 as the " year of ESG" in its earnings release for the March-May quarter. It set a series of detailed goals, from reducing water consumption 12% by fiscal 2024 to capping independent directors at  a nine-year tenure and linking executive compensation to ESG deliverables. Improving labor conditions featured prominently in Top Glove' s plans. The company said it will invest 201 million ringgit to build housing for 14,200 migrant workers, create channels for whistleblowing in workers' native languages  and ensure greater transparency in the recruitment process. " We aspire to be the glove manufacturer of choice for customers, driven by the integration of sustainability into every aspect of our business," a Top Glove executive said. Companies worldwide increasingly see ESG factors as a priority, and many have embraced detailed targets to improve on these issues. But Top Glove' s plans are driven largely by global criticism over alleged labor abuses. U.S. Customs and Border Protection issued a detention order  blocking certain imports from Top Glove  in July, citing the suspected use of forced labor -- a concern nongovernmental organizations had also raised in the past. The company at the time said most of its labor issues had been resolved, and predicted the U.S. order would last for about two weeks. But Top Glove made headlines again in November, this time after its Malaysian factories  became a hotbed for the coronavirus. Over 5,000 employees, or one-quarter  of its workforce, tested positive. Investors have urged the company to make improvements. BlackRock said its board " failed in a key aspect of its oversight responsibility given that it did not identify and set policies to manage risks including the health and safety of workers living in its dormitories." The U.S. asset manager voted against the reappointment of six  Top Glove independent directors at a January shareholders meeting. Still, Top Glove' s woes have worsened. In March, Customs and Border Protection expanded its detention order to all gloves produced by the company in Malaysia. These setbacks have dealt a blow to earnings. Top Glove' s sales in North America, its biggest market, fell 68% by volume on the year in the March-May period. On Monday, Bursa Malaysia said it will remove Top Glove and three other companies from an ESG-focused stock index. The change likely will deter investments from institutional players who track this index. It remains unclear how quickly Top Glove can meet its new ESG goals. " We used to live 28 people to a room," one  Nepalese worker at Top Glove' s Klang plant, near Kuala Lumpur, told Nikkei. " Now, after the various investigations, 22 people share one dorm room. It is still very crowded." " Working conditions on the production line are  very humid and very uncomfortable," he said, especially during long shifts. Adrian Pereira, executive director at the human rights-focused nonprofit North-South Initiative, said Top Glove has yet to address many questions regarding its ESG initiative. " Are all the migrant workers now directly hired by Top Glove?" Pereira said. " With all those profits, are migrant workers being given a decent wage or still the minimum wage as set by Malaysia? Where is the migrant workers union? What happens to the migrant workers once global demand  drops due to vaccinations or automation?" Top Glove Chairman Lim Wee Chai thinks the latest setbacks will have limited impact on the company' s plans, like its now-delayed secondary listing in Hong Kong. " Listing in Hong Kong is for the long term, but the [U.S. customs] delay is only temporary," he said. Lim founded the company in 1991  and turned it into the world' s largest rubber glove maker in a single generation. But he must now tackle governance reforms if the company intends to leave its labor issues behind for good. Rubber gloves are a key export for Malaysia.  Top Glove' s domestic rivals also have faced pressure over ESG shortfalls, like the fees charged to migrant workers by their recruiters. Hartalega Holdings this month said it reimbursed workers 41 million ringgit for recruitment fees, while Kossan Rubber Industries paid 54 million ringgit. " The governance of migrant workers in Malaysia is absolutely terrible," said Andy Hall, an expert on migrant worker rights. " It' s some of the worst that I' ve ever seen in the world." |
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tonyja
Elite |
17-Jun-2021 17:22
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STA and STGT automatically include in SET 50 and SET 100 |
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tonyja
Elite |
16-Jun-2021 20:30
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STA & STGT are in SET 50 ![]()   |
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