$TOPGLOV (7113.MY)$ This tariff triggered knee jerk reaction...
$TOPGLOV (7113.MY)$ This tariff triggered knee jerk reaction will not last, soon this stock will return to 90cts+ in few days. Last time we saw it in Covid-19 re-emergence and Mpox scare which pushed up price but fizzled out in few days.
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We can't win all the time but we must win most of the time. Let's run with the bulls and don't be afraid of the bears.
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104697289 : If read at the news, US allow some time to shift supplier. In long run, the share will be profitable if buying at previous 0.9-1.00. More profit eventually turn to good dividend share.
Honglim : Malaysian Glove Makers' Shares Jump as U.S. Plans Higher Tariffs on Chinese Gloves
Michael Fong OP Honglim : This is a stale news why now re-ignited? It's a trap and trade with caution. Unless it actually translates into a higher profits only then worth to invest.
Honglim Michael Fong OP : Its a later news, announced last friday
Michael Fong OP Honglim : It's definitely not a lastest news, it was announced many months ago and now they are reiterating it as Biden-Harris administrations is using it to shore up patriotism among Americans to win votes in coming presidential election.
Honglim Michael Fong OP : Glove Counters Jump In Early Session On Higher Us Tariffs On Chinese Imports
RandomTrader_ 104697289 : Company operating at loss hence I doubt there will be dividend… but agree long run will be profitable
Honglim Michael Fong OP : Read the part on the announcement on 13th Sept.
Michael Fong OP Honglim : Tarrif on Chinese gloves is not something new as it was already announced in May this year. Now they just increased percentage of tarrif only but after election it will be back to normal as a trade war between US and China is going to hurt both countries badly.
Honglim Michael Fong OP : You are right. Just I think, that the tariff will more than negate the price advantage of Chinese manufacturers, where Malaysian glove makers will be selling below the cost of Chinese. Which would mean almost all orders will go to Malaysia