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老魏 Male ID: 103533547
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    $HIBISCS (5199.MY)$ After more than ten years of struggle, Daha Redflower Oil Company has achieved one new peak after another in performance, and the stock price has reached a new high, which is inevitable in history! It's just a matter of time!💪💪💪🇲🇾🇲🇾🇲🇾
    Translated
    (Kuala Lumpur, 17th news) The US imposes higher tariffs on Chinese gloves than expected, stimulating a surge in local glove stocks, among which the most favored by the market. $HARTA (5168.MY)$ Harta (HARTA, 5168, main board health care stock) is also at the limit up!
    Industrial Investment Bank's research report today states that the United States has confirmed a substantial increase in commodity tariffs on China, with the tariff rate for gloves set to increase to 50% from 2025 and further increase to 100% in 2026.
    Analysts believe that the punitive measures against China by the United States will bring significant spill-over effects for Malaysian glove manufacturers, and the average selling price of Chinese gloves may exceed Malaysia's as early as next year.
    Previously, the proposed import tariff on Chinese gloves by the United States is set to increase to 25% in 2026, which is much lower than the current adjustment level.
    Analysts further said that this could lead to an average selling price of Chinese gloves rising from the current $17 to $25.50 in 2025, or even $34 in 2026.
    Therefore, this will bring price advantages to Malaysian glove manufacturers, as the comprehensive average selling price of industry players is only between 20 to 21 US dollars."
    As a result, analysts do not rule out the possibility that Chinese operators may consider expanding into overseas markets to avoid high tariffs.
    However, we believe that this expansion will cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings through coal production overseas.
    ...
    Translated
    US Raises Higher Tariffs on China, Malaysian Glove Stocks Soar on News
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    (Kuala Lumpur, 17th news) The US imposes higher tariffs on Chinese gloves than expected, stimulating a surge in local glove stocks, among which the most favored by the market. $HARTA (5168.MY)$ has hit the limit up!
    Industrial Investment Bank's research report today states that the United States has confirmed a substantial increase in commodity tariffs on China, with the tariff rate for gloves set to increase to 50% from 2025 and further increase to 100% in 2026.
    Analysts believe that the punitive measures against China by the United States will bring significant spill-over effects for Malaysian glove manufacturers, and the average selling price of Chinese gloves may exceed Malaysia's as early as next year.
    Previously, the proposed import tariff on Chinese gloves by the United States is set to increase to 25% in 2026, which is much lower than the current adjustment level.
    Analysts further said that this could lead to an average selling price of Chinese gloves rising from the current $17 to $25.50 in 2025, or even $34 in 2026.
    Therefore, this will bring price advantages to Malaysian glove manufacturers, as their comprehensive average selling price is only between $20 and $21.
    As a result, analysts do not rule out the possibility that Chinese operators may consider expanding into overseas markets to avoid high tariffs.
    However, we believe that this expansion will cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings through coal production overseas.
    With the United States confirming a substantial increase in Chinese commodity tariffs, it means Malaysia and...
    Translated
    US Raises Higher Tariffs on China, Malaysian Glove Stocks Soar on News
    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...
    Translated
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    The U.S. stock market has hit new highs again! Congrats!👏 If you started investing in the US market at the beginning of the year and haven't made any major mistakes, you've probably seen some gains! 🎉
    As we hit the mid-year mark, let's take a look back at our Premium Learning journey. Driven by AI and major tech stocks, the $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ have repeatedly reached new highs over...
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    老魏 Set a live reminder
    Johor Plantations Group Berhad ("JPG") is targeting to debut on the Bursa main market on 7/9/2024 as the largest initial public offering ("IPO") so far in year 2024. The IPO subscription takes place from 6/12/2024 to 6/24/2024!
    To provide investors with a better understanding of the company's development and future plans,Moomoo Malaysia has the opportunity to conduct a live session with the senior management of JPG on 6/21/2024 Fri 14:30 - 15:31 MYT.
    Managing Director of JPG Mohd. Faris Adli Shu...
    Moo-Live! Exclusive Online Q&A Session With JOHOR PLANTATIONS GROUP
    Jun 21 01:30
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    $HIBISCS (5199.MY)$ announced that it has signed a conditional share sale agreement with TotalEnergies Holdings International B.V. to takeover TotalEnergies EP (Brunei) B.V for RM1.2 billion (US$259.4 million).
    This purchase target to enable HIBISCS to further strengthen its position as a significant independent Exploration & Production (E&P) company in the region.
    As a result, HIBISCS's share prices jumped more than 3% today and will this catalyst boost t...
    Naked Chart Trading: HIBISCS 18 Jun 2024
    老魏 commented on
    The Importance of the Entry of Hibiscus Petroleum into the Brunei Market

    Hibiscus Petroleum (HIBISCUS 5199) has made a significant strategic move by spending $259.4 million (MYR 1.22177 billion) to acquire 100% equity of TotalEnergies EP (Brunei) BV. Lim Kim Cheng believes this acquisition not only successfully brings Hibiscus Petroleum into the Brunei market but also secures important...
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