UG Healthcare

[weijian]

Great to see u back Musicwhiz!! Look forward to your informative postings again!

Thought i was reading an old 2013 post until the dates jumped straight back, unbelievingly showing today.

Nice post MW.

[CityFarmer]

Ansell is a key competitor defined for glove used in electronic sector, by Riverstone. One other key competitor is Kimberly-Clark. I am not sure the Ansell position in healthcare sector.

UG prospectus has provided a list of key competitors, but all from M'sia, and Ansell isn't one of them.

Do you happen to know the annual sale volume of Ansell for glove?

Ansell doesn't compete directly with the Malaysian glove makers. Most of its portfolio consists of reusable gloves in the chemical, construction and automotive industries with brands such as Hyflex, Alpha-Tec and Touch N Tuff. They recently announced a re-organization where their industrial division has been split into "Single-Use" and "Industrial". Even then, the single use gloves they own are mostly from their acquisition of BSSI in USA.

If you look at their medical division, they do examination gloves (which is the nitrile type), but their strength lies in surgical gloves which cannot easily be produced by the OEMs in Malaysia. Surgical gloves command a higher ASP and margin than examination gloves.

Ansell does not disclose sales volumes - you can check their latest AR 2014 (their year-end is in June 30). The best you can find from their presentation slides are the sale of gloves by brand and type (e.g. chemical-resistant).

http://www.ansell.com/en/About/Investor-...ments.aspx

Nice to hear from you again, MW. It has been a long time since your last post.

Thanks for the post. No wonder Ansell never seems a key competitor among the M'sia glove manufacturers.

[CityFarmer]

The company poorer performance is a norm. The first year after IPO, is usually a bad year. All other glove producers are doing well...

UG Healthcare posts 35.4% drop in FY15 earnings to $3.2 mil

SINGAPORE (Aug 20): UG Healthcare Corporation, the natural latex and nitrile examination gloves manufacturer and distributor, posted a 35.4% fall in earnings for the FY15 ended June to $3.2 million from a year ago.

This was mainly due to higher marketing and distribution expenses, expenses related to the listing of the group, and administrative expenses as the group is expanding its distribution network and also preparing for the upcoming expansion in production capacity.
...
http://www.theedgemarkets.com/sg/article...ngs-32-mil

[snapsnap]

seems to me like UG is having quite the movement eh?

Nov 16, 2015 - http://sdb.theedgemarkets.com/2015/SMR/S...btz1sm.pdf

UG Healthcare Corp's shares leapt over 7% on a spike in trading volume on Nov 13. It was queried by the Singapore Exchange over the unusual share trading activity. Year-to-date, the glove manufacturer's shares are up a whopping 79%.

In a recent story, The Edge Singapore (Issue 692, Aug 31) reported on the company's plans to break into the new markets and expand its distribution network in the UL, China and Nigeria. In particular, it is trying to expand its footprint in emerging markets, where per captia glove consumption is as low as 3% of developed markets'.

[desmondxyz]

What happened to this glove darling? plunged 40% today!!

[Tiggerbee]

What happened to this glove darling? plunged 40% today!!

In the trading world, we call this pump and dump.

[CityFarmer]

What happened to this glove darling? plunged 40% today!!

The company replied the SGX queries.

http://infopub.sgx.com/Apps?A=COW_CorpAn...0b78875c1f#