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$KOSSAN (7153.MY)$
The development of Malaysia's 🇲🇾 glove 🧤 industry has declined in the past few years due to production reduction strategies and China's and Thailand's entry into the market. Our global exports have dropped from over 60% to below 40%. Although still the world's number one, we need to progress in order to avoid regression and hope to regain more market share in the future.
During the pandemic, KOSSAN had the least cash among the top four glove companies. However, in FY23, it outperformed its peers and became the cash king in the Malaysian stock market. In the past two years, KOSSAN only invested RM211 million in CAPEX and focused on a strategy of defense, waiting for the right opportunity to strike.
TOPGLOV distributed a large amount of dividends and expanded aggressively during the pandemic, resulting in the lowest cash among the four companies after seven consecutive quarters of losses. SUPERMX had excessively high CAPEX and was exposed for purchasing private jets, leading to continuous losses for five consecutive quarters and a continuous decline in cash. In terms of stock performance this year, both companies have experienced a slight 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...
The development of Malaysia's 🇲🇾 glove 🧤 industry has declined in the past few years due to production reduction strategies and China's and Thailand's entry into the market. Our global exports have dropped from over 60% to below 40%. Although still the world's number one, we need to progress in order to avoid regression and hope to regain more market share in the future.
During the pandemic, KOSSAN had the least cash among the top four glove companies. However, in FY23, it outperformed its peers and became the cash king in the Malaysian stock market. In the past two years, KOSSAN only invested RM211 million in CAPEX and focused on a strategy of defense, waiting for the right opportunity to strike.
TOPGLOV distributed a large amount of dividends and expanded aggressively during the pandemic, resulting in the lowest cash among the four companies after seven consecutive quarters of losses. SUPERMX had excessively high CAPEX and was exposed for purchasing private jets, leading to continuous losses for five consecutive quarters and a continuous decline in cash. In terms of stock performance this year, both companies have experienced a slight 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...
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On June 30th, at the close of US stocks, $Apple (AAPL.US)$ Inc. reported a closing price of $193.97 per share, representing a 2.31% increase in value and resulting in a closing market capitalization of $3.05 trillion.
This achievement marked a significant milestone for Apple as it became the first company ever to attain such a massive market capitalization.
In fact, Apple's market capitalization surpassed the combined valu...
This achievement marked a significant milestone for Apple as it became the first company ever to attain such a massive market capitalization.
In fact, Apple's market capitalization surpassed the combined valu...
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$Alibaba (BABA.US)$ It has hit the bottom. Very cheap now. Worth buying to keep. I have added more shares.
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Recently, major institutions filed 13F reports with the U.S. Securities and Exchange Commission (SEC), disclosing their holdings and the size of their positions in U.S. stocks during the fourth quarter.
It is worth noting that large Wall Street private equity funds are buying Chinese stocks on a large scale, and the allocation strategy for Chinese stocks has gradually shifted from [underweight] to [Neutral]!
Michae...
It is worth noting that large Wall Street private equity funds are buying Chinese stocks on a large scale, and the allocation strategy for Chinese stocks has gradually shifted from [underweight] to [Neutral]!
Michae...
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Alibaba's stock price has suffered significantly in recent years, resulting in a painful 50% loss for shareholders who have held the stock for the past five years. $Alibaba (BABA.US)$
Additionally, investors were shocked by the recent earnings report, which showed a net loss of $22 billion RMB for the three-month period ending September 30th, 2022. These losses have led many to question whether Alibaba has lost its competitive edge. 😖😖
However, upon closer inspection...
Additionally, investors were shocked by the recent earnings report, which showed a net loss of $22 billion RMB for the three-month period ending September 30th, 2022. These losses have led many to question whether Alibaba has lost its competitive edge. 😖😖
However, upon closer inspection...
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