Articles On VIP Gloves (ASX:VIP)

The ASX 200 fell 0.21% and the ASX XEC slips 1.05% A 8 out of 11 sectors were lower led by Consumer Discretionary down 1.40% Energy sector and stocks rally after Russia announces plans to slash oil production   The ASX 200 dropped 0.21% t...

Qantas boss Alan Joyce says “sorry we suck” to an angry Australia Mortgage holders are bricking it as fixed interest rate periods end Spacetalk backs up yesterday’s gains with another massive day at the market. It’s the end of the day at...

The S&P ASX 200 rose 7.64%, in its best start to a year ever as global markets rally In a strong start to 2023 the S&P/ASX Emerging Companies index (XEC) rose ~8% in January Graphite explorer Lincoln Minerals soars more than 500% s...

Good news is bad news for the US economy Aussie benchmark goes deep into a pre-Christmas shame spiral Ho ho oh s%#$! What just happened?   The Closing Jingle Bell has rung, so that’s it until after Christmas for 2022! What a pity today’s...

The ASX 200 rose again, up 0.53% on lower than normal volume ASX XEC also up 0.79% 10 out of 11 sectors were in the green   The ASX 200 gained 0.53% today and so did the ASX XEC, which was up 0.79%, and a total of 10 out of 11 sectors wer...

The ASX puts on a late spurt to finish the day up 0.5% Star Entertainment and Bluescope in very hot water  Patriot Lithium grows 95% on stunning debut, because… lithium. Obviously. Welp… that’s it for the final day of the week, and as te...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

VIP Gloves (VIP) temporarily ceases its glove manufacturing operations, sending its share price plummetingThe company’s board says the decision is due to “unfavourable” economic conditions, including poor demand for nitrile gloves and rapid...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The ASX will open lower today as US stocks struggled in New York overnight The US PCE index grew by only 5%, which confirms that inflation is easing China continues to clamp down on Covid protests   The ASX is set to open lower on Friday...

ASX 200 ends 1.4% lower Small caps slide 0.4% Strike strikes and I don’t know why    The ASX 200 and the Emerging Companies (XEC) index fell 1.4% and 0.4% respectively on Monday. US stocks were no help at all after collapsing sharply on F...

ASX 200 ends flat again Small caps gain a little bit ELO, DRO and EOS rise like legends   There are some mixed feelings around the neighbourhood heading into this latest gut churning measure of US inflation tonight. US futures are slightl...

The ASX has trundled along like a happy little camper, up nearly 1.0% SZL sizzled then fizzled as the BNPL sector got all turned around So. Many. Quarterlies. Oh. My. God. #pleasemakeitstop   It’s been a happy, smiley Friday for (nearly)...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

ASX200 crashes almost 2% on Tuesday, but can’t even get that right ASX Emerging Companies index over 3% lower Elon’s US futures up more than 1% ahead of open   Following a really terrific Friday selloff, the ASX200 has been given a good...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The ASX microcaps Emerging Companies index closed 0.01% higher on Friday Copper explorer Stelar Metals (ASX:SLB) led the market with a 57% gain US stock futures are trading flat ahead of the Friday open on Wall St   After a pretty strong...

The ASX Emerging Companies index (XEC) ran free on Tuesday, climbing over 3%, apparently unrestrained by the various macro or geopolitical issues bothering the rest of us. That said, the more gown up ASX200 also lifted on Tuesday, gaining a...

Highlights The Australian share market is set to open lower on Wednesday, likely pulled down by losses in iron ore and copper miners. The ASX 200 is expected to open the day 81 points or 1.1% lower. Meridian Energy, VIP Gloves, Covent...

ShareCafeVIP Gloves Expansion Hands Shareholders Pleasing Returns For ASX-listed minnow VIP Gloves, a pre-pandemic decision to expand its Malaysian production capacity has proved a positive strategic move capitalising on Malaysia’s dominant...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The ASX 200 closed at 7,488 points which was 0.04% down from yesterday but up 0.37% from last Friday. The ASX Emerging Companies Index lost 0.57% to close at 2,285 points. The best sector was industrials which gained 1.07%. Tech and consume...

ShareCafeThe Week that Was – August 9-13, 2021 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so,...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

ShareCafeVIP Gloves a Good Fit for Booming Nitrile Market ASX-listed VIP Gloves (ASX: VIP) is on target to continue its remarkable recent growth on the back of the re-opening of its Malaysian manufacturing facility and forecasts continued e...

The latest round of lockdowns have really begun to bite in Australia and ASX stocks are not immune from impact. Melbourne has entered its fifth lockdown overall and Sydney’s is now nearing the end of the third week. While most lockdowns ear...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intrad...

VIP’s accelerated production of nitrile gloves in Malaysia is continuing despite a total lockdown in the country for 14 days from June 1 due to escalating COVID-19 cases.

VIP’s Malaysian subsidiary companies manufacture nitrile disposable gloves from a plant in Selangor, Malaysia with these gloves produced and supplied on an OEM basis. 

Mr Chen, who was also a significant shareholder, was instrumental in the formation of the company’s glove manufacturing operations in Malaysia in 2016.

It will install eight double former lines at the new factory, to be built on adjacent land owned by VIP, under a A$30 million two-year plan.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Summary NTL price of New Talisman Gold Mines hit a two-month high today, trading 33.3% higher at AU$0.004. VIP Gloves’ share price shot up by 42% to AU$0.071 in today’s session, posting a new YTD high of AU$0.078. Japara Healthcare’s...

The company believes the consistent rise in average selling prices is attributable to strong demand for nitrile gloves due to the pandemic, a change in habits and stronger health awareness.

Today is the deadline for ASX companies to lodge their quarterly reports – and Stockhead has recapped the best performers.   VIP Gloves (ASX:VIP) PPE equipment is apparently still a good place to be in. Although it has been more than a year...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The company and DC Glove Sdn Bhd have mutually agreed to terminate a RM29 million (A$10.3 million) sale and purchase agreement.

The ongoing COVID-19 pandemic is leading to surging demand for nitrile gloves, and VIP Gloves’ momentum shows it has the capacity to fill the gap.

Half-year profit rose 326 per cent while revenue was up nearly 300 per cent compared with the December 2019 half-year.

Earlier this month, VIP confirmed that its glove line expansion program is on track to be completed between late February and May 2021.

The company remains on track to complete a glove line expansion program between late February and May of 2021.

Executive director WM Chen has recently acquired 2.61 million shares while non-executive directors David Low and Peter Ng have also purchased securities on-market.

To fulfil existing sales orders and to enable the company to commit to new orders, VIP Gloves is urgently pursuing completion of the installation of new production lines.

VIP’s sales order book for nitrile gloves has increased and is currently full for delivery up to the end of 2021.

The dividend payment ratio was determined after taking into consideration cash required to be conserved for the capital expenditure anticipated over the next 12 months for the expansion of its second glove factory.

The dividend payment ratio was determined after taking into consideration cash required to be conserved for the capital expenditure anticipated over the next 12 months for the expansion of its second glove factory.