Meta Platforms $Meta Platforms (META.US)$ is set to be hit in a few weeks with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, people with direct knowledge of the matter said.
The move by the European Commission will come more than a year and a half after it accused the U.S. tech giant of giving its classified ads service Facebook Mark...

$KOSSAN (7153.MY)$
The development of the glove industry in Malaysia 🇲🇾 has been affected by the reduction strategy in recent years, as well as the competition from China and Thailand. Our global exports have declined from over 60% to below 40%. Although still the world's number one, we must continue to expand our market share. We hope to regain more market in the future.
During the pandemic, KOSSAN had the least amount of cash among the top four glove manufacturers. However, in FY23, they outperformed their competitors and became the wealthiest cash stock in Malaysia. KOSSAN only invested RM211 million in CAPEX in the past two years, focusing on a defensive strategy and waiting for better times.
TOPGLOV distributed dividends in large amounts and aggressively expanded during the pandemic, resulting in seven consecutive quarters of losses and the least amount of cash among the four companies. SUPERMX's CAPEX was extremely high, including the purchase of a private jet, and they also suffered five consecutive quarters of losses, causing their cash reserves to decline continuously. In terms of stock performance this year, both companies have experienced some decline.
$TOPGLOV (7113.MY)$
Both KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to cost reduction through employee layoffs and production cuts. The substantial cash has also brought in interest income, allowing the company to withstand the economic downturn. This has resulted in KOSSAN earning RM60 million in interest income and investment assets as Fair Value Gain in 2023. On the other hand, HARTA has achieved...