During gloves discussion, many are worried about China makers especially INTCO competition. Here's some update:

1. INTCO has announced the cancellation of their expansion plan in June, previously they've wanted to build a 40b glove factory and now it's cancelled.

2. INTCO bos has been selling his shares at higher price last year. In contrast Malaysia's bosses have been buying up their own shares.

Why it is impossible for China gloves to overtake Malaysia for now?
1. Malaysia has 60%+ of the world's market, if INTCO would want to overtake, they have to increase capacity, but now they are decreasing their production capacity just like the rest of the world.

2. Their quality is no match for Malaysia's big companies, at current low asp, customers will go for quality.

3. US tariff is still being implemented. Recent Taiwan vs China incident will not allow President Biden to be soft towards China.

These are purely just my opinions, if there's anything wrong in this post, feels free to discuss!

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD)$KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD)$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD)$SGX-AP4

@Ryunanda@terence775