@terence775 @hokuan @wsk20 Personally think that the only glove counter which is "investable" for the short term is RIVERSTONE $SGX-AP4 as they have an inelastic product. They also do not house HUGE capacity for medical glove.

For $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) and other "big" manufacturers.. healthcare / medical glove situation (sales volume & ASP vs Production cost & utilisation) has not yet improved to a level where it's with strong confidence that they can be profitable in the next quarter.

Additionally, TOPGLOV cash reserve and market perception (on the previous buybacks, foreign worker treatment amongst other things) is extermely poor vs their peers.

However, they will survive this downturn as they had done in the past.

* Important part of the QR note *

- production costs moving upward due to global inflation and as the Russia Ukraine conflict drove up crude oil prices.

- additionally, the Group contended with increases in natural gas and electricity tariffs,

- as well as minimum wage implementation which came into effect 1 May 2022.

- the Group was unable to fully pass cost through amidst the ongoing oversupply situation.

- However, average selling prices (ASPs) are declining at a far slower pace which will help cushion the cost impact going forward.