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14 July 2020
 
We heard alots of news of the world shortage of Glove, need more supplies.
And we kept on watching the 4 Big Glove Companies sit on the LIFTS straight to the SKY since April.

Further more, those big Kakis still buy land to build plant to produce more lagi!!!!

https://www.nst.com.my/business/2020/05/595672/supermax-buys-klang-land-plant-no-16


And more and more Companies venture into GLOVE business.
https://www.nst.com.my/business/2020/07/605601/anzo-buys-perak-glovemaker-rm55mil


https://www.nst.com.my/business/2020/06/601530/latexx-partners-sale-top-glove-mqtech-are-frontrunners


But to produce more they need the dipping line ! RIght?!

The company we would like to highlight :

THEY ARE EXPERT FOR
GLOVE DIPPING LINE 


They have the exclusive right of the high density triple former holder assembly technology by teaming up with AF Solution Sdn BhdWith the new technology, the company’s production could be increased by 30% to 50%, compared with the double former line. While operational cost and capital expenditure could be reduced by 20% to 30% by using this latest technology.


And then they also own 55% of  a company which operates a manufacturing plant in Kuala Pilah and it has a total production capacity of about 1.1 billion pieces of gloves.

They also had entered into a distributor agreement with Accobiotech Sdn Bhd for the distribution of Covid-19 rapid test kits around the world for an initial period of one year from April 20, 2020 to April 20, 2021.
 

The company is
HLT GLOBAL (0188)



YES the company Q1 Results not looking handsome compare with the Big4 (LOWER REVENUE but HIGHER PROFIT MARGIN)

However, we believe the future growth should be very handsome, as most of the new venture, happened end of Q1 or beginning of Q2.
 
Their 6mths Stock Price recorded a growth of more than double up from January. 
But there is some market adjustment in end June, with the current second wave, third wave around the world, we confident that HLT can reach to the top again.

We forecast the Rubber Gloves Segment Growth shall be double up in 2020.
As in their latest statement, they are being very honest that :
The rubber gloves segment recorded a gross loss of RM1.259 million with gross loss margin 7.28% as compared to a gross profit of RM0.675 million with gross profit margin of 3.10% in the preceding year quarter. The rubber gloves segment recorded loss before taxation of RM1.272 million as compared to a loss before taxation of RM0.385 million in the preceding year quarter. The loss was mainly due to HLRI clearing of the old stock at the discounted price in the current quarter under review. This is to facilitate the production flow to run full capacity due to overwhelming demand of gloves from our customers during this COVID-19 pandemic.

 
3x COVID-19 BENEFITED COMPANY
(RUBBER GLOVE, COVID-19 TEST KIT, GLOVE DIPPING LINE MAKER)
HLT GLOBAL (0188)
 


devil  OUR TARGET PRICE : 1.00
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