The US Federal Reserve initiated its easing cycle with 50 basis points rate cut last week. This week, Chinese markets joined the trend on Tuesday by cutting the rate by 50 basis points. This decision sparked a rally, with the $Hang Seng Index (800000.HK)$ and $SSE Composite Index (000001.SH)$ rising more than 4% in a single day. On the same day, the Reserve Bank of Australia left its cash rate unchanged at 4.35%. Howe...

$Intel (INTC.US)$
Make a record.

$Intel (INTC.US)$
gotta celebrate the wins.
I think this goes up more next week.

The recovery momentum of the Malaysian glove industry is gradually improving, market experts believe that this is a good opportunity to accumulate glove stocks, and specifically mentioned the high-yield Chen Pi Industry and Hershey. $KOSSAN (7153.MY)$ and Hershey. $HARTA (5168.MY)$
The research report by Volkswagen Investment Bank on Monday indicated a good sign of recovery in the glove industry, as both product sales and average selling prices are rising, which will all be drivers of revenue growth for industry players.
In the latest quarterly performance, the glove industry players we are focusing on all saw an increase in product sales, leading to a sequential revenue growth.
According to data from the Department of Statistics Malaysia (DOSM), our country's glove exports grew by 14% year-on-year in the first half of the year, while production volume increased by 6% year-on-year. Therefore, analysts predict that overall glove sales will continue to rise.
Despite the losses incurred by Top Glove $TOPGLOV (7113.MY)$ still incurring losses, but Hartalega and Kossan Rubber Industries respectively recorded core net profits of 36.7 million ringgit and 26.8 million ringgit.
Better pricing position.
"We understand that the average selling price for every 1000 gloves fluctuates between 20 to 21 US dollars, slightly higher than the 17 to 18 US dollars at which Chinese industry players sell."
The analyst continued, as customer inventories are depleted, they are more willing to accept price increases, which narrows the price gap between Malaysian and Chinese players, indicating that market price competition will become more intense.
However, we are bullish on Malaysian industry players being able to continue raising their average...

As the performance of the banking industry shines, foreign investors have been actively buying Malaysian shares for the third consecutive week, with a net purchase of up to 1.5 billion Malaysian ringgit, the highest net purchase since March 18, 2016.
According to the MIDF research on capital trends, foreign investors continued to flow into Malaysian shares significantly last week. The three favored sectors were financial services (1.3 billion Malaysian ringgit), utilities (0.2 billion 59.7 million Malaysian ringgit), and construction (88.7 million Malaysian ringgit).
At the same time, the three sectors with the net selling by foreign investors were technology (-60.4 million Malaysian ringgit), transportation and logistics (-57.2 million Malaysian ringgit), and industrial products and services (-41 million Malaysian ringgit).
Local institutions sold Malaysian shares throughout the week, with a net selling total of 1.2 billion 60 million Malaysian ringgit, the largest net selling since March 4, 2022. Local institutions net bought 13.9 million Malaysian ringgit of shares on Monday, but they were net sellers from Tuesday to Friday.
As for retail investors, except for buying on Thursday, they were selling on other trading days, with a total net selling of 0.2 billion 45.4 million Malaysian ringgit of shares.
As for the level of participation, all three parties experienced growth. Among them, foreign investors were the most active in trading, with the average daily trading volume (ADTV) increasing by 49.9%, while local institutions and retail investors decreased by 0.4% and 2.8% respectively.
Foreign funds net bought stocks last week.
$PBBANK (1295.MY)$
$MAYBANK (1155.MY)$
$RHBBANK (1066.MY)$
$CIMB (1023.MY)$
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