KOSSAN - Accidentally became the richest glove stock 🧤, and the strongest glove stock in Malaysian stocks this year!
With the development of the gloves 🧤 sector in Malaysia 🇲🇾, production reduction strategies over the past few years, and 🇨🇳 the rush from China and Thailand, China's global exports have declined from 60% + at their peak to less than 40%. Although it is still number one in the world, it will retreat if it does not advance. I hope to take back more markets in the future.
During the pandemic, KOSSAN had the least amount of cash in the big four packages. However, it overtook its counterpart in FY23 and was the richest cash stock in Malaysian stocks. KOSSAN has invested only RM211 miles in CAPEX in the past two years. The main strategy is to attack by defending and waiting until spring.
TOPGLOV distributed a large number of dividends and expanded wildly during the pandemic. Seven consecutive quarters of losses led to the least amount of cash in the 4 companies. SUPERMX's CAPEX was crazy. It was revealed that buying private jets and losing money for 5 consecutive quarters caused cash to fall incessantly. In terms of this year's stock price performance, both companies have declined slightly.
However, KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to layoffs, production cuts and cost reduction, and interest income from large sums of cash has also enabled the company to withstand the cold winter. This also brought KOSSAN RM60 mil of interest income and fair value gain in investment assets in 2023. However, HARTA has also had RM55 mil in the past 9 months, and cash is also a type of strength.
In this round of recovery, KOSSAN and HARTA took the lead, so they performed well. However, INTCO's performance was even stronger; when the stock price broke through a 52-week high, PE was only 24 times higher. At this stage, INCTO's production capacity is close to full, and it will take several months to place an order. If the price is similar, of course, Malaysia will also receive orders.
Gloves will only get better in 2024. Worst is over determined this time, let the market decide the stock price.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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Inah T : @104985330 @103029682 keep an eye on the grove market.
Seems to be picking up demend