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$HAWK (0320.MY)$ How much money did everyone enter with?
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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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$EAST BUY (01797.HK)$ Jiang Xiaobai is going to sue East Buy and it will be less than 5 yuan next week.
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$Apple (AAPL.US)$ investors are rushing to call options that give the holders the right to buy the stock near its current level as the iPhone maker displays its financial strength amid a wider stock market sell-off that was fueled by fears of a recession.
Shares gained more than 2% at a time when the $S&P 500 Index (.SPX.US)$ slipped 2%, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ fell 2.3%. Late Thur...
Shares gained more than 2% at a time when the $S&P 500 Index (.SPX.US)$ slipped 2%, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ fell 2.3%. Late Thur...
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Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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The week started with a bombshell: President Biden announced he would not seek reelection, and VP Kamala Harris would take his place as the pr...
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The week started with a bombshell: President Biden announced he would not seek reelection, and VP Kamala Harris would take his place as the pr...
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Hi, mooers!
Join the Q2 Earnings Challenge and share 30,000 points! Tap to learn more!
$Meta Platforms (META.US)$ is releasing its Q2 earnings on July 31 after the bell. Unlock insights with META Earnings Hub>>
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Meta Platforms (META.US)$ have seen an decrease of 8.03%. How will the market react to the upcoming results?...
Join the Q2 Earnings Challenge and share 30,000 points! Tap to learn more!
$Meta Platforms (META.US)$ is releasing its Q2 earnings on July 31 after the bell. Unlock insights with META Earnings Hub>>
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Meta Platforms (META.US)$ have seen an decrease of 8.03%. How will the market react to the upcoming results?...
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