$Top Glove (BVA.SG)$ Maybank KE are pleasantly surprised by ...
Maybank KE are pleasantly surprised by US' final USTR modifications on China tariffs, which will raise tariffs on China-made medical and surgical gloves to 50% by 2025 and 100% by 2026 - well above the 25% proposed in May 2024. This increase will make Malaysia gloves relatively cheaper, boosting their competitiveness in the US market.
They maintain tactical POSITIVE on the glove sector and expect earnings recovery in the next 12-15 months, before additional capacity from China’s overseas expansion picks up in 2026.
They upgrade Top Glove to a tactical BUY with tp of RM1.10.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
7637Followers
45Following
26KVisitors
Follow
Tigerheart : How long will this up trend continue? To Hold or sell? What's your opinion Sir?
bullrider_21 OP Tigerheart : I think Top Glove may rise to around 0.37- 0.375.
Tigerheart bullrider_21 OP :
Thank you 
bullrider_21 OP Tigerheart : np![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")