bryan2003

bryan2003 | Joined since 2020-05-26

Investing Experience -
Risk Profile -

Followers

0

Following

1

Blog Posts

1

Threads

34

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
34
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2020-10-09 10:44 | Report Abuse

Despite the share price has increased few hundred %, based on the lastest AR, non of the directors reduce their holding. In fact, some has increased their holding. This prove that the directors are confident with the future of the company.

Stock

2020-10-09 10:37 | Report Abuse

This counter is remained a healthcare counter which worthy for investor to look into it based on the reasons below.

1) Malaysia EPF (equivalent to Singapore’s CPF) emerge as a substantial shareholder. Even there is some disposable yesterday but EPF still holding as much as 4.9+%. There are different fund manager who managing the fund for EPF and some is short term trader and some is long term trader. Hence, the disposable is negligible since. Based on the record, EPF currently is the substantial shareholder of the big 4 (Top Glove, Harta, Kossan, Supermax) listed on Bursa and Riverstone and Ug healthcare listed on SGX. What is the reason EPF didn’t emerge as the substantial shareholder for second liner of glove maker listed on Bursa???

2) Most of the listed company from different sectors are not profit making recently. There are limited companies are making good profit such as glove maker and healthcare related.

3) Singapore is a political and currency stable country. Will foreign fund look into listed glove maker on SGX to diversity the risk???

4) From the QR and AR, the director keep mentioning the expansion can narrow the gap between their downstream and upstream. Which means the demand of Uniglove is more than the supply. Hence, the 59% increase of production output will be easily increase 50% of the net profit. Even the ASP stagnant at current level, UG Healthcare still manage to report a huge increase in revenue and net profit due to the increase of the production output by 59%.

5) Newly setup sales office at Suzhou, China show that Uniglove has better exposure in China as this is the 3rd outlet they have in China.

Stock

2020-07-10 16:31 | Report Abuse

Is the situation of UG similar to what have mentioned in the link below?

https://klse.i3investor.com/blogs/koonyewyinblog/

Even the movement of the share price????

Happy weekend..

News & Blogs

2020-07-10 16:31 | Report Abuse

Is the situation of UG similar to what have mentioned in the link below?

https://klse.i3investor.com/blogs/koonyewyinblog/

Even the movement of the share price????

Happy weekend..

Stock

2020-07-10 16:31 | Report Abuse

Is the situation of UG similar to what have mentioned in the link below?

https://klse.i3investor.com/blogs/koonyewyinblog/

Even the movement of the share price????

Happy weekend..

Stock

2020-07-10 16:30 | Report Abuse

Is the situation of UG similar to what have mentioned in the link below?

https://klse.i3investor.com/blogs/koonyewyinblog/

Even the movement of the share price????

Happy weekend..

Stock

2020-07-09 05:55 | Report Abuse

https://klse.i3investor.com/blogs/koonyewyinblog/

If we apply to same concept to UG since UG' s business model is the same as Supermax, so what is the price it deserves?

News & Blogs

2020-07-09 05:54 | Report Abuse

https://klse.i3investor.com/blogs/koonyewyinblog/

If we apply to same concept to UG since UG' s business model is the same as Supermax, so what is the price it deserves?

Stock

2020-07-09 05:54 | Report Abuse

https://klse.i3investor.com/blogs/koonyewyinblog/

If we apply to same concept to UG since UG' s business model is the same as Supermax, so what is the price it deserves?

Stock

2020-07-08 13:46 | Report Abuse

The famous investor cum tychoon in Malaysia just posted a blog as below link.

https://klse.i3investor.com/blogs/koonyewyinblog/

So what about UG Healthcare which is OBM (Unigloves) and also have distribution centers at US, UK, German, Brazil and Nigeria? Besides glove, there are selling PPE and other healthcare products which are high demand during pandemic.

Stock

2020-07-08 13:46 | Report Abuse

The famous investor cum tychoon in Malaysia just posted a blog as below link.

https://klse.i3investor.com/blogs/koonyewyinblog/

So what about UG Healthcare which is OBM (Unigloves) and also have distribution centers at US, UK, German, Brazil and Nigeria? Besides glove, there are selling PPE and other healthcare products which are high demand during pandemic.

News & Blogs

2020-07-08 13:45 | Report Abuse

The famous investor cum tychoon in Malaysia just posted a blog as below link.

https://klse.i3investor.com/blogs/koonyewyinblog/

So what about UG Healthcare which is OBM (Unigloves) and also have distribution centers at US, UK, German, Brazil and Nigeria? Besides glove, there are selling PPE and other healthcare products which are high demand during pandemic.

Stock

2020-07-08 13:45 | Report Abuse

The famous investor cum tychoon in Malaysia just posted a blog as below link.

https://klse.i3investor.com/blogs/koonyewyinblog/

So what about UG Healthcare which is OBM (Unigloves) and also have distribution centers at US, UK, German, Brazil and Nigeria? Besides glove, there are selling PPE and other healthcare products which are high demand during pandemic.

Stock

2020-07-07 21:43 | Report Abuse

@ kenmeng
is there anything to panic? we invest is based on the company fundamental.
The movement of the share price is damn solid and i suppose it is because it is OBM where better profit compared to peer. If rubberex Malaysia can make SGD3M per quarter, i doubt UG couldn't make it especially it distribution centers - Uniglove are selling other healthcare / PPE products.
Cheer

Stock

2020-07-06 00:17 | Report Abuse

hi guys,

just checked online the selling price of Uniglove's antimicrobial glove, the selling price is crazy. It is close to USD 250 per 1000 pcs. Please refer to the link below.

https://www.safetygloves.co.uk/unigloves-fortified-gf001-antimicrobial-blue-nitrile-gloves.html

Even though this selling price is from the dealer or distributor. But let's assume Uniglove is selling at USD 150 to the distributor. What kind of profit they are making??

News & Blogs

2020-07-06 00:16 | Report Abuse

hi guys,

just checked online the selling price of Uniglove's antimicrobial glove, the selling price is crazy. It is close to USD 250 per 1000 pcs. Please refer to the link below.

https://www.safetygloves.co.uk/unigloves-fortified-gf001-antimicrobial-blue-nitrile-gloves.html

Even though this selling price is from the dealer or distributor. But let's assume Uniglove is selling at USD 150 to the distributor. What kind of profit they are making??

Stock

2020-07-02 07:14 | Report Abuse

Flip through the AR again, I realized that the founder / BOD and their family members are actually holding approximate 73.64% of the issued shares instead of what i had mentioned earlier 60%++. Hence, the liquidity in the market is less. Possible that the BOD will bonus issue or share split in the coming QR report to increase the liquidity in the market as well as expand their business. With all these, the share price may not U turn at all.

Unable to upload picture here but you guys can see the details from below link.

https://www.investingnote.com/stocks/SGX:41A#/all

News & Blogs

2020-07-02 07:13 | Report Abuse

Flip through the AR again, I realized that the founder / BOD and their family members are actually holding approximate 73.64% of the issued shares instead of what i had mentioned earlier 60%++. Hence, the liquidity in the market is less. Possible that the BOD will bonus issue or share split in the coming QR report to increase the liquidity in the market as well as expand their business. With all these, the share price may not U turn at all.

Unable to upload picture here but you guys can see the details from below link.

https://www.investingnote.com/stocks/SGX:41A#/all

News & Blogs

2020-07-01 22:38 | Report Abuse

As mentioned earlier, UG Healthcare has same business model as Supermax. Both of these company are OBM and have their own distribution center at different countries.

Below link is an article produced by a famous investor in Malaysia. We can use the similar method to apply on UG Healthcare.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-01-story-h150...

There is very high possibility that UG has very good first half result as the share price going up non stop.

Coincidently that all their distribution centers are located at the countries that badly affected by Covid-19 such as Brazil, US, German and Nigeria.

If we search deeper, the direction of the company seems like toward a one stop solution model. If we google Uniglove Germany or Uniglove Nigeria, we can see that these distribution centers are selling glove, mask, disinfection under it's own brand - Uniglove. Please read the links below.

https://unigloves.de/30yearsEN/#0...

https://www.unimedicalhealthcare.com/...

Not to neglected that Uniglove UK is also selling antimicrobial glove which is high demand for this pandemic as this glove can kill gems. So far in the market, only Hartalega which listed in Bursa Malaysia produces antimicrobial glove in large scale. In short, UG healthcare will be benefitted as UK is one of the country that badly impacted by Covid-19.

In conclusion, UG overall business will be benefitted as many of the product they are selling are high demand during this pandemic.

Stock

2020-07-01 22:38 | Report Abuse

As mentioned earlier, UG Healthcare has same business model as Supermax. Both of these company are OBM and have their own distribution center at different countries.

Below link is an article produced by a famous investor in Malaysia. We can use the similar method to apply on UG Healthcare.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-01-story-h150...

There is very high possibility that UG has very good first half result as the share price going up non stop.

Coincidently that all their distribution centers are located at the countries that badly affected by Covid-19 such as Brazil, US, German and Nigeria.

If we search deeper, the direction of the company seems like toward a one stop solution model. If we google Uniglove Germany or Uniglove Nigeria, we can see that these distribution centers are selling glove, mask, disinfection under it's own brand - Uniglove. Please read the links below.

https://unigloves.de/30yearsEN/#0...

https://www.unimedicalhealthcare.com/...

Not to neglected that Uniglove UK is also selling antimicrobial glove which is high demand for this pandemic as this glove can kill gems. So far in the market, only Hartalega which listed in Bursa Malaysia produces antimicrobial glove in large scale. In short, UG healthcare will be benefitted as UK is one of the country that badly impacted by Covid-19.

In conclusion, UG overall business will be benefitted as many of the product they are selling are high demand during this pandemic.

Stock

2020-07-01 22:37 | Report Abuse

As mentioned earlier, UG Healthcare has same business model as Supermax. Both of these company are OBM and have their own distribution center at different countries.

Below link is an article produced by a famous investor in Malaysia. We can use the similar method to apply on UG Healthcare.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-01-story-h150...

There is very high possibility that UG has very good first half result as the share price going up non stop.

Coincidently that all their distribution centers are located at the countries that badly affected by Covid-19 such as Brazil, US, German and Nigeria.

If we search deeper, the direction of the company seems like toward a one stop solution model. If we google Uniglove Germany or Uniglove Nigeria, we can see that these distribution centers are selling glove, mask, disinfection under it's own brand - Uniglove. Please read the links below.

https://unigloves.de/30yearsEN/#0...

https://www.unimedicalhealthcare.com/...

Not to neglected that Uniglove UK is also selling antimicrobial glove which is high demand for this pandemic as this glove can kill gems. So far in the market, only Hartalega which listed in Bursa Malaysia produces antimicrobial glove in large scale. In short, UG healthcare will be benefitted as UK is one of the country that badly impacted by Covid-19.

In conclusion, UG overall business will be benefitted as many of the product they are selling are high demand during this pandemic.

Stock

2020-07-01 22:37 | Report Abuse

Most of the counters have posted good result and with riverstone production capacity which can on par with supermax. No way that riverstone is not making good profit in coming report. If use the 1st quarter EPS and assume without any growth in term of net profit. The share price is worth more than $3.50. But it is impossible without any growth for the revenue and profit as 1st quarter is refer to Jan till Mar and these 3 months are not the peak yet. More to comeeeeeeeeeeeeee.

Stock

2020-06-30 22:50 | Report Abuse

Tradeview.

If supermax release a flying colour QR report, riverstone will likely have a flying colour report. Very soon we will not able to see riverstone below $3.

Stock

2020-06-30 17:23 | Report Abuse

kenmeng98, we shall see the report.

News & Blogs

2020-06-29 22:48 | Report Abuse

Another glove counter (Rubberex) in Malaysia has released QR report. It made approximate SGD 3M from January till March 2020. It's yearly capacity is only 1B++ and if it can make such profit, there is no reason UG Healthcare will make lesser than it since UG Healthcare is OBM with own distribution center in UK, German, China, Nigeria and Brazil. Also, these distribution centers are also selling other product such as mask, gown, hand santinizer, thermometer etc. All these are high demand during this pandemic.

UG healthcare is still a counter which worth to have a look...

Stock

2020-06-29 22:47 | Report Abuse

Another glove counter (Rubberex) in Malaysia has released QR report. It made approximate SGD 3M from January till March 2020. It's yearly capacity is only 1B++ and if it can make such profit, there is no reason UG Healthcare will make lesser than it since UG Healthcare is OBM with own distribution center in UK, German, China, Nigeria and Brazil. Also, these distribution centers are also selling other product such as mask, gown, hand santinizer, thermometer etc. All these are high demand during this pandemic.

UG healthcare is still a counter which worth to have a look...

Stock

2020-06-29 22:45 | Report Abuse

Another glove counter (Rubberex) in Malaysia has released QR report. It made approximate SGD 3M from January till March 2020. It's yearly capacity is only 1B++ and if it can make such profit, there is no reason UG Healthcare will make lesser than it since UG Healthcare is OBM with own distribution center in UK, German, China, Nigeria and Brazil. Also, these distribution centers are also selling other product such as mask, gown, hand santinizer, thermometer etc. All these are high demand during this pandemic.

UG healthcare is still a counter which worth to have a look...

Stock

2020-06-26 20:22 | Report Abuse

let's see how far it goes.

Stock

2020-06-09 15:14 | Report Abuse

@wolve P..
We are buying the value of the company instead of the share price. Short term fluctuation is expected.

Stock

2020-06-04 11:50 | Report Abuse

i just hope everyone can catch the boat.

Stock

2020-06-01 09:03 | Report Abuse

If you guys do a deep research on UG Healthcare (Malaysia’s company listed in Singapore), you guys will realize that it is quite similar to Malaysia listed Supermax and Top Glove. The reason Supermax and Top Glove up alot since Supermax release their quarter report is because these 2 companies are distributing their own brand of glove which lead to higher profit margin. You guys can understand further from the video as per below link. After watching, you guys can go read UG's report and you guys will realize that UG has their own distribution center at China, Nigeria, UK, German, US and Brazil. Despite UG didnt own 100% of share of these companies, but definitely it helps UG to have better profit. Also, these coutries are badly affected by Covid-19.

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-28-story-h15...

Also, not to neglect that Ug Healthcare German is also selling mask, PPE, disinfection, protective clothes etc. All these products are high demand product during this Covid-19. Please refer to the link to understand better.

Besides, UG Healthcare Nigeria is also very interesting distribution center as it is selling the similar products that UG Healthcare German is selling but on top of that, it is also selling infra-red thermometer which is also high demand. Please refer to the link below.

https://www.unimedicalhealthcare.com/aboutus.html

The link below will enable you to understand better about Uniglove UK. Even though it is old news but it definitely will be benefited during this pandemic as it is Europe’s first antimicrobial nitrile glove.

https://www.hsmsearch.com/page_960209.asp

https://www.buildingbetterhealthcare.com/news/article_page/Two_firms_join_forces_to_create_Europes_first_antimicrobial_nitrile_examination_gloves/138274

https://unigloves.co.uk/fortified-biocote-antimicrobial-gloves

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-29-story-h1507893312-EU_plans_permanent_stockpile_of_essential_drugs_medical_gear.jsp

If we do comparison between Rubberex Malaysia and UG Healthcare. UG healthcare is lagging behind.
Rubberex market cap = (rm3.56/3.06) * 252195617 = SGD 293,404,051
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

UG yearly capacity is around 3B where Rubberex only 2B.

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(293404051 (Rubberex’s market cap) * 3B (UG’s capacity)) / 2b (Rubberex’s market cap) = 214685891

UG’s potential share price = 214685891 / 196092856 (no of UG’s issued share)= SGD 1.09

If we do comparison between Careplus Malaysia and UG Healthcare. UG healthcare is also lagging behind.
Careplus market cap = (rm1.40/3.06) * 531,359,799 = SGD 243,105,790
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(243105790 (careplus’ market cap) * 3B (UG’s capacity)) / 4.1B (careplus’ capacity) = 177882285.4

UG’s potential share price = 177882285.4 / 196092856 (no of UG’s issued share) = SGD 0.907

Even though careplus produce 1B pcs extra compared to UG healthcare, but UG healthcare will benefitted from it’s own brand of glove as well as it’s distribution centers in UK, Brazil and Nigeria are selling others PPE and tools which are badly needed during this pandemic.

If we use the method of one of the Malaysia’s famous investor to calculation the price per glove, UG healthcare is on 0.09 per glove which is much more cheaper compared to peers.




Even though the last quarter report seems like “poor”, but it was mainly affected by the production modification cost where the board has decided to on hold the modification in order to cope with the sudden spike of demand. Do take note that the modification at the end will benefit the group as well. UG has reported positive earning for the last 3 FY. In fact, increase of marketing expenses is good for the company in long run as once everyone know about “Uniglove”, the marketing expenses eventually will come back and profit will go up.

Most likely August report will have flying colour result.

Stay tuned!!!

Stock

2020-06-01 09:01 | Report Abuse

If you guys do a deep research on UG Healthcare (Malaysia’s company listed in Singapore), you guys will realize that it is quite similar to Malaysia listed Supermax and Top Glove. The reason Supermax and Top Glove up alot since Supermax release their quarter report is because these 2 companies are distributing their own brand of glove which lead to higher profit margin. You guys can understand further from the video as per below link. After watching, you guys can go read UG's report and you guys will realize that UG has their own distribution center at China, Nigeria, UK, German, US and Brazil. Despite UG didnt own 100% of share of these companies, but definitely it helps UG to have better profit. Also, these coutries are badly affected by Covid-19.

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-28-story-h15...

Also, not to neglect that Ug Healthcare German is also selling mask, PPE, disinfection, protective clothes etc. All these products are high demand product during this Covid-19. Please refer to the link to understand better.

Besides, UG Healthcare Nigeria is also very interesting distribution center as it is selling the similar products that UG Healthcare German is selling but on top of that, it is also selling infra-red thermometer which is also high demand. Please refer to the link below.

https://www.unimedicalhealthcare.com/aboutus.html

The link below will enable you to understand better about Uniglove UK. Even though it is old news but it definitely will be benefited during this pandemic as it is Europe’s first antimicrobial nitrile glove.

https://www.hsmsearch.com/page_960209.asp

https://www.buildingbetterhealthcare.com/news/article_page/Two_firms_join_forces_to_create_Europes_first_antimicrobial_nitrile_examination_gloves/138274

https://unigloves.co.uk/fortified-biocote-antimicrobial-gloves

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-29-story-h1507893312-EU_plans_permanent_stockpile_of_essential_drugs_medical_gear.jsp

If we do comparison between Rubberex Malaysia and UG Healthcare. UG healthcare is lagging behind.
Rubberex market cap = (rm3.56/3.06) * 252195617 = SGD 293,404,051
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

UG yearly capacity is around 3B where Rubberex only 2B.

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(293404051 (Rubberex’s market cap) * 3B (UG’s capacity)) / 2b (Rubberex’s market cap) = 214685891

UG’s potential share price = 214685891 / 196092856 (no of UG’s issued share)= SGD 1.09

If we do comparison between Careplus Malaysia and UG Healthcare. UG healthcare is also lagging behind.
Careplus market cap = (rm1.40/3.06) * 531,359,799 = SGD 243,105,790
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(243105790 (careplus’ market cap) * 3B (UG’s capacity)) / 4.1B (careplus’ capacity) = 177882285.4

UG’s potential share price = 177882285.4 / 196092856 (no of UG’s issued share) = SGD 0.907

Even though careplus produce 1B pcs extra compared to UG healthcare, but UG healthcare will benefitted from it’s own brand of glove as well as it’s distribution centers in UK, Brazil and Nigeria are selling others PPE and tools which are badly needed during this pandemic.

If we use the method of one of the Malaysia’s famous investor to calculation the price per glove, UG healthcare is on 0.09 per glove which is much more cheaper compared to peers.




Even though the last quarter report seems like “poor”, but it was mainly affected by the production modification cost where the board has decided to on hold the modification in order to cope with the sudden spike of demand. Do take note that the modification at the end will benefit the group as well. UG has reported positive earning for the last 3 FY. In fact, increase of marketing expenses is good for the company in long run as once everyone know about “Uniglove”, the marketing expenses eventually will come back and profit will go up.

Most likely August report will have flying colour result.

Stay tuned!!!

Stock

2020-06-01 09:01 | Report Abuse

If you guys do a deep research on UG Healthcare (Malaysia’s company listed in Singapore), you guys will realize that it is quite similar to Malaysia listed Supermax and Top Glove. The reason Supermax and Top Glove up alot since Supermax release their quarter report is because these 2 companies are distributing their own brand of glove which lead to higher profit margin. You guys can understand further from the video as per below link. After watching, you guys can go read UG's report and you guys will realize that UG has their own distribution center at China, Nigeria, UK, German, US and Brazil. Despite UG didnt own 100% of share of these companies, but definitely it helps UG to have better profit. Also, these coutries are badly affected by Covid-19.

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-28-story-h15...

Also, not to neglect that Ug Healthcare German is also selling mask, PPE, disinfection, protective clothes etc. All these products are high demand product during this Covid-19. Please refer to the link to understand better.

Besides, UG Healthcare Nigeria is also very interesting distribution center as it is selling the similar products that UG Healthcare German is selling but on top of that, it is also selling infra-red thermometer which is also high demand. Please refer to the link below.

https://www.unimedicalhealthcare.com/aboutus.html

The link below will enable you to understand better about Uniglove UK. Even though it is old news but it definitely will be benefited during this pandemic as it is Europe’s first antimicrobial nitrile glove.

https://www.hsmsearch.com/page_960209.asp

https://www.buildingbetterhealthcare.com/news/article_page/Two_firms_join_forces_to_create_Europes_first_antimicrobial_nitrile_examination_gloves/138274

https://unigloves.co.uk/fortified-biocote-antimicrobial-gloves

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-29-story-h1507893312-EU_plans_permanent_stockpile_of_essential_drugs_medical_gear.jsp

If we do comparison between Rubberex Malaysia and UG Healthcare. UG healthcare is lagging behind.
Rubberex market cap = (rm3.56/3.06) * 252195617 = SGD 293,404,051
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

UG yearly capacity is around 3B where Rubberex only 2B.

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(293404051 (Rubberex’s market cap) * 3B (UG’s capacity)) / 2b (Rubberex’s market cap) = 214685891

UG’s potential share price = 214685891 / 196092856 (no of UG’s issued share)= SGD 1.09

If we do comparison between Careplus Malaysia and UG Healthcare. UG healthcare is also lagging behind.
Careplus market cap = (rm1.40/3.06) * 531,359,799 = SGD 243,105,790
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(243105790 (careplus’ market cap) * 3B (UG’s capacity)) / 4.1B (careplus’ capacity) = 177882285.4

UG’s potential share price = 177882285.4 / 196092856 (no of UG’s issued share) = SGD 0.907

Even though careplus produce 1B pcs extra compared to UG healthcare, but UG healthcare will benefitted from it’s own brand of glove as well as it’s distribution centers in UK, Brazil and Nigeria are selling others PPE and tools which are badly needed during this pandemic.

If we use the method of one of the Malaysia’s famous investor to calculation the price per glove, UG healthcare is on 0.09 per glove which is much more cheaper compared to peers.




Even though the last quarter report seems like “poor”, but it was mainly affected by the production modification cost where the board has decided to on hold the modification in order to cope with the sudden spike of demand. Do take note that the modification at the end will benefit the group as well. UG has reported positive earning for the last 3 FY. In fact, increase of marketing expenses is good for the company in long run as once everyone know about “Uniglove”, the marketing expenses eventually will come back and profit will go up.

Most likely August report will have flying colour result.

Stay tuned!!!