TOPGLOV just released the latest annual report few days ago,
as someone who investing at TOPGLOV,
of course I must go to read it.
Even though we were able to read the revenue, profit and some other data from the quarter report,
but we are able to know more information from the annual report.
For example,
the sales volume:
According to the statement above,
the sales volume of nitrile glove surged by 30%,
while the nitrile capaticy had increased by 54% over the past 2 years.
Due to contributions from Aspion,
the surgical glove also increased by 46% in terms of volume sold.
Even the sales volume growth by region was provided:
Above was the growth rate,
below is the sales volume by geography:
There were sales volume of different gloves in annual report too:
The aggressive expansion plan:
Also,
the prospect for the future:
The management kept mentioning about attaining the Fortune Global 500 vision by 2040 more than one time in the annual report.
It was stated that the company already captured 26% of global market share,
and in immediate term will be growing it to 30%.
The company will continue to build 1 to 2 new factories yearly and explore M&A opportunities.
That's all for the important points of latest annual report and quarter report,
if you feel like something is lacking,
feel free to go to BURSA website to download and read it.
Yes the glove market is expanding,
and the demand kept increasing,
sounds worthy to invest.
HOWEVER,
the glove industry also a very competitive industry,
coupled with the high PE of glove companies,
this caused the investors do not feel like investing.
Yes the revenue for the glove companies kept rising recently,
but............
..............
...............
Where is the profit??
Investment is about doing own thinking, making own decision.
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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