VIP 0.00% 0.3¢ vip gloves ltd

Thanks for the chart. FA wise, its tough to not be able to make...

  1. 1,419 Posts.
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    Thanks for the chart. FA wise, its tough to not be able to make any profit in this business climate. Average selling price has and is increasing at a rate of 10-15% every month for normal delivery orders. Spot buys are at 300-500% the selling price of normal delivery orders.

    How the glove companies currently work is they will take a deposit of 20-50% for orders but the selling price is determined only upon delivery. Which means that even though orders are filled through Q2 2021, prices are not locked in. Prices will still increase on a monthly basis till at least next year as many analysts have forecast and the net profit margin for VIP glove will only get higher as the time goes by. Looking at record high infection rate which is unfortunate, there could be a chance that price increase could last for years.

    The only question left is how much profit will VIP make.
 
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