103503978
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(Kuala Lumpur News, 17th) The United States has imposed higher tariffs on Chinese gloves than expected, which has prompted a sharp increase in local glove stocks, with the most favored by the market. $HARTA (5168.MY)$ Hartalega (HARTA, 5168, main board healthcare stock) also hit the daily limit up!
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
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103503978
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$SPSETIA (8664.MY)$
It takes more than half a year to go from a small-cap stock to a high level of 1.7+.
And it only takes less than a month to go from a high position to a low position in speculative stocks.
How many people are trapped at high positions?![]()
It takes more than half a year to go from a small-cap stock to a high level of 1.7+.
And it only takes less than a month to go from a high position to a low position in speculative stocks.
How many people are trapped at high positions?
Translated
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
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In the second quarter of 2024, Malaysia's gross domestic product (GDP) increased by 5.9% year-on-year, the strongest growth rate since the end of 2022, and the full-year growth is expected to be close to 5%.
Datuk Abdul Rahman, the Governor of the Central Bank of Malaysia, pointed out at a press conference today that the second quarter's economic growth accelerated, thanks to a good labor market and increased policy support, which led to a rise in household spending and improved exports.
In the case of strengthening growth momentum, the Central Bank still maintains its original forecast of 4% to 5% full-year growth, but Abdul Rahman said that the final growth rate should be close to 5%.
Under the support of stable domestic demand, strong investment activities, and improved export performance, we believe that Malaysia's GDP growth rate this year will fall within the high end of the 4% to 5% range.
He added that various indicators show that the country's economic growth prospects can continue into the second half of the year, such as further recovery of global orders driving export performance, issuance of more projects, improvement in business confidence, etc.
As for whether to consider adjusting the growth forecast, Abdullahi said that this would depend on the announcement of the latest fiscal budget.
In any case, domestic concerns still remain alert to potential downside risks to growth, including peripheral demand lower than expected, escalation of geopolitical conflicts, and lower-than-expected production of domestic bulk commodities.
In the second quarter, private consumption rose 6% year-on-year, higher than the first quarter's 4.7%; private investment also rose 12% year-on-year, with a growth rate of only 9.2% in the first quarter.
Net exports turned from an increase to a decline in the second quarter, from the first...
Datuk Abdul Rahman, the Governor of the Central Bank of Malaysia, pointed out at a press conference today that the second quarter's economic growth accelerated, thanks to a good labor market and increased policy support, which led to a rise in household spending and improved exports.
In the case of strengthening growth momentum, the Central Bank still maintains its original forecast of 4% to 5% full-year growth, but Abdul Rahman said that the final growth rate should be close to 5%.
Under the support of stable domestic demand, strong investment activities, and improved export performance, we believe that Malaysia's GDP growth rate this year will fall within the high end of the 4% to 5% range.
He added that various indicators show that the country's economic growth prospects can continue into the second half of the year, such as further recovery of global orders driving export performance, issuance of more projects, improvement in business confidence, etc.
As for whether to consider adjusting the growth forecast, Abdullahi said that this would depend on the announcement of the latest fiscal budget.
In any case, domestic concerns still remain alert to potential downside risks to growth, including peripheral demand lower than expected, escalation of geopolitical conflicts, and lower-than-expected production of domestic bulk commodities.
In the second quarter, private consumption rose 6% year-on-year, higher than the first quarter's 4.7%; private investment also rose 12% year-on-year, with a growth rate of only 9.2% in the first quarter.
Net exports turned from an increase to a decline in the second quarter, from the first...
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