30c party - Extremely undervalued, page-52

Got the latest July 2020 glove prices from UOB Sri Trang Agro analyst report (23rd July).

"Note that in Jul 20, the nitrile glove prices were set at US$60.00/1,000 pieces and latex glove prices were set at US$42.00/1,000 pieces (glove ASP in 1Q20 was at US$19.50/1,000 pieces)"

Nitrile glove ASP has increased by more than 200% since Q1 2020. From US$19.50/ 1000 pieces to US$60/ 1000 pieces currently. VIP production is 620million gloves per year. At today's run rate, its annualized to be US$37.2m of revenue.

I'm quite certain we will see a profit for 1H (Jan to Jun), we just don't know how much profit will that be, given that raw material cost like Butadene also dropped during that period. The massive increase though will come in 2H (Jul-Dec).