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Alpine in investingnote.. disappear???
Pl explain your comments???
Alpine in investingnote.. disappear
limjoeseph ( Date: 28-Aug-2020 11:42) Posted:
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To answer the questions of short term noises of vaccine success affecting STA as it has gloves contributions from STGT, I will only look at earnings and nothing else to stay invested!!!
I reinterate and repeat for all doom and gloom mkt participants in this forum concerning STA impending poor price performance, I shall always remain steadfast in STA earnings being the life life of the company for every quarter financial release going forward and nothing else matters!!!
Just stay invested to ride upsurge a matter of time as STA in consolidation phase!!
Strong earnings will dictate the trend.
World&rsquo s Top Rubber Grower Challenges Malaysia&rsquo s Glove Dominance
By
Randy Thanthong-Knight
28 August 2020, 05:00 GMT+8
Thailand, the world&rsquo s largest natural rubber supplier, is ramping up domestic production of gloves with the coronavirus outbreak fueling a global shortage.
About 80% of Thailand&rsquo s rubber has traditionally been exported for further processing, with tiremakers normally the biggest customers. But with the pandemic driving up demand for gloves, Thailand can easily double its market share to 26% next year, according to Boon Vanasin, a local hospital tycoon setting up a 20-billion gloves facility.
While Malaysian firms were quick to ramp up glove production, often using nitrile, a synthetic compound, Thailand was slower to make the pivot to local manufacturing. Now the state-owned Rubber Authority of Thailand is nudging companies to boost glove production to take advantage of the nation&rsquo s abundant supply of natural rubber.
&ldquo We want to be the world&rsquo s number one natural rubber glove producer,&rdquo Rubber Authority Governor Nakorn Takkavirapat said in an interview. &ldquo There&rsquo s a lot of opportunities for us because the Asian glove market has the biggest growth potential, and we supply the majority of natural rubber to the world.&rdquo
Thailand produces about 4.8 million metric tons of natural rubber annually, far ahead of Indonesia, Vietnam and Malaysia.
Doubling Capacity
Boon, who is chairman of Thonburi Healthcare Group Pcl, estimates global gloves demand at 400 billion to 600 billion pieces annually with current supplies only about half of that. And Thai rubber industry is already accelerating glove production capacity to meet the rising demand.
Sri Trang Gloves Pcl, the country&rsquo s biggest glovemaker plans to more than double its capacity to 70 billion by 2026. By 2032, it plans to churn out 100 billion gloves annually.
While greater demand for gloves is helping with the natural rubber glut, other Thai initiatives to boost use of locally produced material include building rubber road barriers and making cosmetics.
The challenge for Thailand&rsquo s latex gloves industry will be to regain the market share from nitrile alternatives which don&rsquo t cause allergic reactions as do natural latex gloves. Meanwhile, the government&rsquo s task will be to design policies to facilitate investment and provide some subsidies for businesses, Nakorn said.
&ldquo There&rsquo s a large gap between demand and supply,&rdquo Thonburi Healthcare&rsquo s Boon said. &ldquo Thailand exports a lot of natural rubber for processing abroad. Why can&rsquo t Thailand process rubber and make gloves ourselves for exports?&rdquo
By
Randy Thanthong-Knight
28 August 2020, 05:00 GMT+8
Thailand aims to become global hub for latex glove production
Covid-19 outbreak is driving demand for gloves worldwideThailand, the world&rsquo s largest natural rubber supplier, is ramping up domestic production of gloves with the coronavirus outbreak fueling a global shortage.
About 80% of Thailand&rsquo s rubber has traditionally been exported for further processing, with tiremakers normally the biggest customers. But with the pandemic driving up demand for gloves, Thailand can easily double its market share to 26% next year, according to Boon Vanasin, a local hospital tycoon setting up a 20-billion gloves facility.
While Malaysian firms were quick to ramp up glove production, often using nitrile, a synthetic compound, Thailand was slower to make the pivot to local manufacturing. Now the state-owned Rubber Authority of Thailand is nudging companies to boost glove production to take advantage of the nation&rsquo s abundant supply of natural rubber.
&ldquo We want to be the world&rsquo s number one natural rubber glove producer,&rdquo Rubber Authority Governor Nakorn Takkavirapat said in an interview. &ldquo There&rsquo s a lot of opportunities for us because the Asian glove market has the biggest growth potential, and we supply the majority of natural rubber to the world.&rdquo
Thailand produces about 4.8 million metric tons of natural rubber annually, far ahead of Indonesia, Vietnam and Malaysia.
Doubling Capacity
Boon, who is chairman of Thonburi Healthcare Group Pcl, estimates global gloves demand at 400 billion to 600 billion pieces annually with current supplies only about half of that. And Thai rubber industry is already accelerating glove production capacity to meet the rising demand.
Sri Trang Gloves Pcl, the country&rsquo s biggest glovemaker plans to more than double its capacity to 70 billion by 2026. By 2032, it plans to churn out 100 billion gloves annually.
While greater demand for gloves is helping with the natural rubber glut, other Thai initiatives to boost use of locally produced material include building rubber road barriers and making cosmetics.
The challenge for Thailand&rsquo s latex gloves industry will be to regain the market share from nitrile alternatives which don&rsquo t cause allergic reactions as do natural latex gloves. Meanwhile, the government&rsquo s task will be to design policies to facilitate investment and provide some subsidies for businesses, Nakorn said.
&ldquo There&rsquo s a large gap between demand and supply,&rdquo Thonburi Healthcare&rsquo s Boon said. &ldquo Thailand exports a lot of natural rubber for processing abroad. Why can&rsquo t Thailand process rubber and make gloves ourselves for exports?&rdquo
https://www.bloomberg.com/news/articles/2020-08-27/world-s-top-rubber-grower-challenges-malaysia-s-glove-dominance
Patience, patience, patience to ride any short term drawdown.
Stay invested for 6 to 12 months time frame to harvest your reward!!
Up 1 cent but down 7 cents. not a good sign.. dyodd.
Hahahaha....
Stocky901 ( Date: 26-Aug-2020 17:20) Posted:
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Anyone still cheering for 261 pc upside?
Exactly, that is why i ask where got??
Greenpig ( Date: 26-Aug-2020 16:39) Posted:
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Where got
Oldman278 ( Date: 26-Aug-2020 13:58) Posted:
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Lol.. ?coming liao???
tangoanna ( Date: 26-Aug-2020 13:28) Posted:
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Another big mouth $1.11. This bb getting strong
Coming....$1.6? First stop 1.2 then 1.4 then 1.6....
Shorts, buy le dont forget to cover.
Shorts, buy le dont forget to cover.
tangoanna ( Date: 26-Aug-2020 13:28) Posted:
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Good, those weak please listen and get out now, don' t disrupt the rocket from launching... tmr
tritonyeah666 ( Date: 26-Aug-2020 13:22) Posted:
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Last chance for you guys to get out before it hits 0.80 in next sell off.
Coming... :)
Sgvale ( Date: 26-Aug-2020 13:18) Posted:
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Want to clear or out already exited. Now Time to go up & HUAT AH ! $1.60.
now its 1.11, good going
small_cap ( Date: 26-Aug-2020 12:43) Posted:
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