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Hello Mooers!
The US Fed interest rate decision will be announced on 18 Sep 2024 at 2 p.m. Eastern time.
How will NASDAQ ( $Nasdaq Composite Index (.IXIC.US)$ ) perform this week?
Lastly, thank you for your likes and support.
As always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and Godspeed!
The US Fed interest rate decision will be announced on 18 Sep 2024 at 2 p.m. Eastern time.
How will NASDAQ ( $Nasdaq Composite Index (.IXIC.US)$ ) perform this week?
Lastly, thank you for your likes and support.
As always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and Godspeed!
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CPI 2.9 is rising just like in the USA. We'll see live tonight. If CPI does not reach 2.9, the game is over. $Dow Jones Industrial Average (.DJI.US)$ $NASDAQ 100 Index (.NDX.US)$ $S&P 500 Index (.SPX.US)$
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
Investors have no confidence in the market
Bursa Malaysia retreats amid global sell-off
Market Downturn
Investors have no confidence in the market
Bursa Malaysia retreats amid global sell-off
Market Downturn
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In the previous article, we introduced "Trump Trade" strategy. According to RCP poll, as of August 30, Harris's chance of being elected was 48.1%, ahead of Trump's 46.3%. At this point, it is time to talk about "Harris Trade".
Source: Realclear Polling. Data as of August 30, 2024.
What are the differences in Harris's new policy?
1. Core: Reducing the cost of living
In Harris's economic policy speech, the focus is on reducing ...
Source: Realclear Polling. Data as of August 30, 2024.
What are the differences in Harris's new policy?
1. Core: Reducing the cost of living
In Harris's economic policy speech, the focus is on reducing ...
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$NVIDIA (NVDA.US)$ Well, plan is to buy cheap. All this big fall was just the trap to get a cheap share. once it became the dowjones component, it will be whale hot cake and cherry in the ice!!!
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ index is still holding at high level supported mainly by financial sector whilst others are still having a diving competition…not a healthy market to swing trade ⚠️
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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...
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$FTSE Bursa Malaysia KLCI Futures(SEP4) (FKLImain.MY)$ On 29/8/24, the US stock market is the leader! Currently, the US stock market is on top and stable. It is at around 41301 points. When do you think there will be a significant downward adjustment? Recently, there has been a large influx of foreign funds into KL, adding to the momentum, while pushing up the current market index (banks) to 1684.68. The lowest dip was at 1651.73. Do you think it will rise to 1700 in the near future?
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