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...

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Another major international investment bank is bullish on the prospects of the Chinese stock market. Japan's Nomura Securities believes that investors should reduce their holdings of Chinese stocks and instead invest in Malaysian and Indonesian stocks.
According to analysts from Nomura Securities, including Chettan Setti and others, in a recent report, Malaysian and Indonesian stock markets are expected to benefit from the trend of accelerated rate cuts in the United States, one of the reasons for upgrading the stock market ratings of both countries from "neutral" to "buy."
Nomura Securities has also downgraded the rating of the MSCI China Index from "buy" to "neutral."
"Now is the time to make a major move into the ASEAN stock market. With the Federal Reserve about to cut interest rates and investors reigniting their interest in emerging markets, investing in the Indonesian stock market may be the best bet."
Last week, Federal Reserve Chairman Powell has issued a clear signal of interest rate cuts starting in September.
Bloomberg pointed out that before Nomura Securities raised its ratings on Malaysia's and Indonesia's stock markets, foreign capital had shown increased interest in the two countries' stock markets, with two consecutive months of inflow of foreign capital.
"Investors have good reasons to take Nomura Securities' comments seriously. In December last year, they upgraded the Taiwan stock market, and the Taiwan Weighted Index has risen by 25% this year, while the MSCI Asia Pacific Index has increased by 9.8% during the same period."
Before Nomura Securities, many internationally renowned investment banks or financial media, including JP Morgan Chase, Goldman Sachs, and Forbes, had already turned optimistic about the Malaysian market outlook.
$FTSE Taiwan50 Index (.FTTW50.TW)$
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$SCABLE (5170.MY)$
PN17 company Sarawak Cable (SCABLE, 5170, main board industrial stock) failed to reach an agreement with the White Knight, causing the rescue plan to fall through. The stock price plummeted nearly 26% at one point, but towards the end experienced a major turnaround, rising by 3.23%.
Perhaps investors are happy to see the agreement fall through, as it may attract better White Knights and lead to people entering the market.
Alternatively, it may be that major shareholders are intentionally selling stocks, making large purchases at the end and taking advantage of the opportunity to leave, but this is not certain.
Yesterday, the company announced on the Malaysia Exchange that they were unable to reach an agreement with Serendib Capital on the exclusive company relationship stipulated at the end of 2023.
Earlier, Sarawak Cable confirmed that the United Kingdom investment institution Serendib Capital would become the white knight to rescue the company and inject 0.25 billion ringgit to help the company restructure.
The news of the rescue briefly caused the stock to soar to a high of 48 cents, but later, amid intense volatility, the stock price has slipped.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment, investment strategy, or recommendation. Readers should bear any risks and responsibilities resulting from relying on this content. Before making any investment decisions, please conduct your independent research and evaluation, and consult with professionals when necessary. The author and related participants are not responsible for any losses or damages resulting from the use or reliance on the information contained in this article.

$GENTING (3182.MY)$
As the domestic tourism industry continues to recover, Fenglong Investment Bank believes that Genting, which is currently undervalued, is one of the major beneficiaries and worth the attention of investors.
Fenglong Investment Bank analyst pointed out that Genting Malaysia and Genting Sing hold strategic equity interests, and can benefit from the recovery of the tourism industry in Malaysia and Singapore respectively. $GENM (4715.MY)$Genting Sing $Genting Sing (G13.SG)$Genting, which holds strategic equity interests in both Malaysia and Singapore, can benefit from the recovery of the tourism industry in both countries.
Below are the company's range buying points, short-term upward targets, and stop-loss points.
$GENTING (3182.MY)$
Source: Nanyang Business Daily
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment, investment strategy, or recommendation. Readers should assume any risks and responsibilities resulting from relying on this content. Before making any investment decisions, please conduct your own independent research and evaluation, and consult with professionals when necessary. The author and related contributors are not responsible for any losses or damages incurred as a result of using or relying on the information contained in this article.