Dark Lord abc
voted
The future prospects for glove demand may be better than expected, according to Kenag Investment Bank. $TOPGLOV (7113.MY)$
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...
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Dark Lord abc
voted
Hi, mooers!
$GAMUDA (5398.MY)$ is expected to release its quarterly and fiscal year earnings on September 26*. How will the market react to the company's results? Vote your answer to guess!
*The exact release date depends on the company's announcement.
🎁 Rewards
An equal share of 5,000 points: For mooers who correctly guess the price range of $GAMUDA (5398.MY)$'s closing price on 27 Sep.
(Vote will close at 12:30 am MYT...
$GAMUDA (5398.MY)$ is expected to release its quarterly and fiscal year earnings on September 26*. How will the market react to the company's results? Vote your answer to guess!
*The exact release date depends on the company's announcement.
🎁 Rewards
An equal share of 5,000 points: For mooers who correctly guess the price range of $GAMUDA (5398.MY)$'s closing price on 27 Sep.
(Vote will close at 12:30 am MYT...
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Dark Lord abc
liked
$TOPGLOV (7113.MY)$ need another good news to pump this stock...didn't manage to take profit on Tues 😔
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Dark Lord abc
voted
Happy Monday, Mooers!
The September FOMC meeting is approaching, and the market generally believes that a rate cut is highly likely, which will be a significant turning point in this year's monetary policy.
How will interest rate cuts affect the stock market? How will the S&P 500 index react? Come on mooers, let's try to predict its possible direction!
Prediction time!
Drop your insights in the comments section:
– What impact would a ...
The September FOMC meeting is approaching, and the market generally believes that a rate cut is highly likely, which will be a significant turning point in this year's monetary policy.
How will interest rate cuts affect the stock market? How will the S&P 500 index react? Come on mooers, let's try to predict its possible direction!
Prediction time!
Drop your insights in the comments section:
– What impact would a ...
2024 FOMC Meeting
Sep 18 13:30
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Dark Lord abc
voted
(Kuala Lumpur, 17th) The USA's higher tariffs on Chinese gloves exceeded expectations, inspiring a significant rise in local glove stocks, with the most favored ones experiencing a limit-up! $HARTA (5168.MY)$ particularly the limit-up board!
In a report released today, Industrial Bank Research pointed out that the USA has decided to significantly increase tariffs on Chinese goods. The tariff rate for gloves will be raised to 50% starting in 2025, and further increased to 100% in 2026.
Analysts believe that the punitive measures against China by the USA will bring significant spillover effects for Malaysian glove manufacturers, with the average selling price of Chinese gloves possibly surpassing Malaysia's as soon as next year.
Previously, the proposed import tariff on Chinese gloves by the United States is scheduled to increase to 25% by 2026, far below the current adjustment level.
Analysts further stated that this is likely to result in an average selling price of Chinese gloves, from the current $17, skyrocketing to $25.50 in 2025, and even rising to $34 in 2026.
Therefore, this will bring a price advantage to Malaysian glove manufacturers, as the comprehensive average selling price of the industry is only between $20 and $21.
Analysts therefore do not rule out the possibility of Chinese industry players considering expanding into overseas markets to avoid high tariffs.
However, we believe that this expansion will make Chinese businesses lose their cost competitiveness because they cannot achieve cost savings through coal production overseas.
With the United States deciding to significantly increase tariffs on Chinese goods, it means a Malaysia and...
In a report released today, Industrial Bank Research pointed out that the USA has decided to significantly increase tariffs on Chinese goods. The tariff rate for gloves will be raised to 50% starting in 2025, and further increased to 100% in 2026.
Analysts believe that the punitive measures against China by the USA will bring significant spillover effects for Malaysian glove manufacturers, with the average selling price of Chinese gloves possibly surpassing Malaysia's as soon as next year.
Previously, the proposed import tariff on Chinese gloves by the United States is scheduled to increase to 25% by 2026, far below the current adjustment level.
Analysts further stated that this is likely to result in an average selling price of Chinese gloves, from the current $17, skyrocketing to $25.50 in 2025, and even rising to $34 in 2026.
Therefore, this will bring a price advantage to Malaysian glove manufacturers, as the comprehensive average selling price of the industry is only between $20 and $21.
Analysts therefore do not rule out the possibility of Chinese industry players considering expanding into overseas markets to avoid high tariffs.
However, we believe that this expansion will make Chinese businesses lose their cost competitiveness because they cannot achieve cost savings through coal production overseas.
With the United States deciding to significantly increase tariffs on Chinese goods, it means a Malaysia and...
Translated
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Dark Lord abc
reacted to and commented on
Trump Stock
Believe us president policy mostly influence those import and export related company
Believe us president policy mostly influence those import and export related company
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Dark Lord abc
voted
Low cost ETF is the way to go! Sometimes the most simple and boring way is the best
If u refer to my moofolio, u can see I allocated quite a large % of it in $SPDR S&P 500 ETF (SPY.US)$ alongside $Advisorshares Trust Pure Us Cannabis Etf (MSOS.US)$ which had a whopping 470% gains!
Ranking of gains:
①ETFs
②AI boom with Nvidia selling the golden shovel
③Meme stocks
A single stock pick is incredibly hard to constantly ...
If u refer to my moofolio, u can see I allocated quite a large % of it in $SPDR S&P 500 ETF (SPY.US)$ alongside $Advisorshares Trust Pure Us Cannabis Etf (MSOS.US)$ which had a whopping 470% gains!
Ranking of gains:
①ETFs
②AI boom with Nvidia selling the golden shovel
③Meme stocks
A single stock pick is incredibly hard to constantly ...
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Dark Lord abc
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Hello mooers!
August 2024 has been a tumultuous month, characterized by significant fluctuations influenced by economic indicators, corporate financials, and global events. From unexpected economic data to pivotal earnings reports that swayed the markets considerably, our community actively engaged, exchanging insights and experiences. Here's a look at how some of the mooers navigated the complexities of the market, exploring the nuances of options trading d...
August 2024 has been a tumultuous month, characterized by significant fluctuations influenced by economic indicators, corporate financials, and global events. From unexpected economic data to pivotal earnings reports that swayed the markets considerably, our community actively engaged, exchanging insights and experiences. Here's a look at how some of the mooers navigated the complexities of the market, exploring the nuances of options trading d...
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My investment philosophy is when select blue chips stock, i will divide stock purchase fund by five times. First purchase use 20% fund thereafter when drop every 10% price will buy in again.
Happy investing to all moomoo user
Happy investing to all moomoo user
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