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Top Glove
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calvin123
Member |
13-Oct-2013 12:26
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closing 0.130 offer 0.150 with this healthy financial company only ooOO? Abit too low> < company growing q to q..abit unfair to delist at this moment and it missed it.
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ckmoney
Member |
13-Oct-2013 12:06
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keep on eye with this counter Medi-Flex :) | ||
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teeth53
Supreme |
12-Oct-2013 19:04
Yells: "don't learn through life, learn to grow with life " |
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 As of 7 August 2013 (Source: SGX My Gateway and Writers input) |
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teeth53
Supreme |
12-Oct-2013 18:59
Yells: "don't learn through life, learn to grow with life " |
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Top glove going to delist mediflex at 15 cents....liao. Last done@0.13 cents. |
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bsiong
Supreme |
18-Feb-2011 08:59
Yells: "The Greatest Wealth is Health" |
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Medix-Flex Limited wishes to inform its shareholders that pursuant to the terms of a settlement agreement which was entered into between Flexitech Sdn Bhd and Piramax Sdn Bhd on 16 February 2011, Piramax has agreed to withdraw the winding-up petition with no liberty to file afresh. This is in consideration of the payment of RM665,000 by Flexitech to Piramax as full and final settlement of the claim.
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ngw050873
Member |
30-Apr-2009 14:16
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Medi-flex, being manufacturers of medical gloves, may have benefited from the recent Swine Flu outbreak. The price has gone up considerably in the past few days. |
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ykjuay
Senior |
05-Jul-2007 14:41
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once it wakes up , no longer this price 0.255 | ||
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zhuge_liang
Supreme |
22-Mar-2007 11:31
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Top Glove Corporation Bhd is in talks to acquire a rubber plantation and glove factories in Southeast Asia, its executive chairman said. Top Glove, which says it is the world's largest glove manufacturer, expects to produce 30 billion gloves in 2007 and 40 billion in 2008. "We are planning to go upstream, we are already in the latex concentrates business, the next level will be rubber plantations," Lim Wee-Chai told Reuters in an interview. "We have already visited some plantations and we are looking at buying within a year." He said the company was planning to buy a small plantation with between 1,000 to 10,000 acres of land. The official said the company is also in the market to acquire glove factories in Malaysia and Indonesia. Top Glove is aiming to make Medi-Flex profitable within a year. "We have completed the acquisition officially last week. Now its our job to turn it around, within a year," he said. "We are also looking at more acquisitions at this point, we want to acquire suitable rubber glove factories. We are talking to parties in Malaysia and Indonesia." The company, which has manufacturing facilities in Malaysia, Thailand and China, estimates annual global demand for gloves to go up to 160 billion gloves by 2010 from 130 billion this year. Lim said Top Glove will use funds from a recent private placement to retire 100 million ringgit of debet, acquire firms and raise working capital. "We have recently completed a private placement and we want to make sure we spend the money in a good way." The company expects the strong compounded growth of around 40% achieved in the last decade to continue in the coming years, due to strong global demand for rubber gloves. "In India, China and the rest of the world, demand is growing as people become more health-conscious." |
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singaporegal
Supreme |
06-Jan-2007 22:05
Yells: "Female TA nut" |
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Volumes quite bad on this counter...but I can see that accumulation is happening and its now on an uptrend. | ||
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zhuge_liang
Supreme |
06-Jan-2007 18:24
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It issued a profit warning for its 2H06 results. It said it had been affected by "cash flow constraints and shortage of funds" in the aftermath of the company's poor 1H results. This injured its efficiency in production. Also, it was not able to enjoy the substantial cuts in latex prices in2H06 as it was still using latex which had been ordered at a higher price earlier. Price set to plunge. |
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Nostradamus
Supreme |
18-Oct-2006 17:36
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Top Glove Corporation Bhd is confident of turning around the financial position of acquisition target Medi-flex to profitability next year, Top Glove chairman Lim Wee Chai was quoted by Bernama news agency as saying. "We will be making the investment in Medi-flex by January or February 2007, and within six months thereafter expect it to be profitable," Lim said. Medi-Flex posted a $12.58m net loss for the first half to June. Lim said the acquisition will enable Top Glove to expand its product range to include clean room gloves, which command a higher profit margin compared to medical gloves. He said Medi-Flex has the capacity to produce 1.6b pieces of gloves annually, of which 40% are clean room gloves. Lim also said the company will continue to look for growth opportunities through mergers and acquisitions. |
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Nostradamus
Supreme |
16-Oct-2006 23:39
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Malaysia, the world's biggest supplier of medical rubber gloves, is optimistic of seeing demand for the product grow at an average of 10% per year from the current world usage of about 120m pieces. "Demand for natural latex gloves remains strong. The export of rubber gloves remained as the largest export item for the rubber product category, accounting for 64.5% or RM4.5b last year," said Deputy Plantation Industries and Commodities Minister Datuk Anifah Aman. He said although other sectors may have switched over to nitrile or vinyl gloves, demand from the healthcare industry remains upbeat as safety is a priority for hospitals. Anifah said the whole process of manufacturing NR latex gloves, from the growing of rubber trees to the processing and disposal of rubber gloves are all environmental-friendly and biogradable. This favours well with consumers, especially in major markets such as the US, the UK, Germany and Japan. However, supply and demand of NR gloves are not without its problem. With the current high prices of NR, glove manufacturers are left to struggle to sustain their position in the industry. "Industry players need to ensure their products are up to mark and that the quality, especially the barrier performance of NR medical gloves cannot be compromised," said Anifah. Also present was Malaysian Rubber Glove Manufacturers Association president Oon Kim Hung who said the problem surrounding the industry is the rising cost of raw material and other related costs such as fuel, electricity and labour. "The rising cost of raw materials have caused manufacturers to pass on a portion of the price increase to the buyers," he said. Early this year, Malaysia's rubber glove makers increased glove prices by RM7.50 per 1,000 pieces in view of latex prices, which had jumped 25% within six months. Local medical glove producers have to pass the minimum standard of the Government's Standard Malaysian Glove (SMG) of barrier performance and minimise latex proteins that can cause allergic reactions in individuals. |
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Nostradamus
Supreme |
13-Oct-2006 10:45
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The glove maker is a beneficiary of falling rubber prices. | ||
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Nostradamus
Supreme |
12-Oct-2006 20:28
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It will sell 328.31 mln new shares at $0.07 each via share placements with Malaysia's Top Glove Corp Bhd, Regal Honour Investments Ltd and PACAL Consulting Pte Ltd. Top Glove will buy 300.31m of the placement shares, Regal Honour will take 23m and PACAL 5.0m shares, Medi-Flex said. The placement shares will account for 65.66% of the company's enlarged issued share capital, and thus, will require one of the subscribers, Top Glove, to make a mandatory takeover bid for the rest of the company. However, Medi-Flex said it will ask the Securities Industry Council to exempt Top Glove from making the mandatory takeover bid. If the exemption is not granted, the deal will not proceed, Medi-Flex said, adding, the deal is also subject to other regulatory approvals in Singapore and Malaysia. |
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