103361303
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$TOPGLOV (7113.MY)$ hold n hold now ive lost 10%
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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...
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...
Translated
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Hey Mooers!
July was worse but August could be better. September maybe the day I could get a better breakthrough.
Since this is an August P/L challenge and is my weekly review, let's kill 2 birds with one stone.
Hope the rest have a better months ahead.
In my previous vote, here are the results. In my last episode, Technical Vs Fundamentals analysis. Polls said, why not both?
It looks like 68% including myself decided to go for both Technical and Fundamental Anal...
July was worse but August could be better. September maybe the day I could get a better breakthrough.
Since this is an August P/L challenge and is my weekly review, let's kill 2 birds with one stone.
Hope the rest have a better months ahead.
In my previous vote, here are the results. In my last episode, Technical Vs Fundamentals analysis. Polls said, why not both?
It looks like 68% including myself decided to go for both Technical and Fundamental Anal...
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24 stocks will have their dividend ex-dates in August 2024, including 2 stocks which have proposed a special dividend. For more information, visit the new Bursa Digital Research portal at MyBURSA at https://my.bursamalaysia.com/market/market-updates/bursa-digital-research
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103361303 : 10% drop in stocks is normal