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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. $KOSSAN (7153.BMS)$ and Hershey. $HARTA (5168.BMS)$
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 $TOPGLOV (7113.BMS)$ 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 $TOPGLOV (7113.BMS)$ 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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As Malaysia continues to attract more data center players, HDD suppliers like $NOTION (0083.BMS)$ stand to benefit from the increasing demand for data storage, driven by enterprises focused on cloud services, data centers, and AI.
Among others, NOTION was my top pick, primarily due to its strong turnaround, with a recent quarterly report announcing a net profit of over RM 20 million. This sur...
Among others, NOTION was my top pick, primarily due to its strong turnaround, with a recent quarterly report announcing a net profit of over RM 20 million. This sur...
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Another major international investment bank is optimistic about the prospects of China's stock market. Japan's Nomura Securities believes that investors should reduce their holdings of Chinese stocks and invest in the Malaysian and Indonesian stock markets instead.
According to a recent report by analysts at Nomura Securities, including Chetansett and others, the Malaysian and Indonesian stock markets are expected to benefit from the accelerated trend of US interest rate cuts, which is one of the reasons why the two countries' stock market ratings were upgraded from “neutral” to “increase in holdings.”
Nomura Securities also downgraded the MSCI China Index (MSCI China) rating from “increase in holdings” to “neutral.”
“Now is the time to enter the ASEAN stock market in a big way. In a scenario where the Federal Reserve is about to cut interest rates and investors are rekindling buying and selling in emerging markets, investing in the Indonesian stock market is probably the best bet.”
Last week, Federal Reserve Chairman Powell issued a clear signal to the outside world that interest rates will be cut starting in September.
Bloomberg pointed out that before Nomura Securities upgraded the Malaysian and Indonesian stock market ratings, foreign interest in the two countries' stock markets had already risen, and foreign capital inflows were recorded for two consecutive months.
“Investors have reason to take Nomura Securities reviews seriously. In December of last year, they raised Taiwan's stock market, and the Taiwan Weighted Index has risen 25% this year. The MSCI Asia Pacific Index rose 9.8% during the same period.”
Prior to Nomura Securities, there were actually quite a few internationally renowned investment banks or financial media, including J.P. Morgan Chase, Goldman Sachs, and Forbes, which were optimistic about the prospects of the Malaysian market.
$FTSE Taiwan50 Index (.FTTW50.GI)$
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According to a recent report by analysts at Nomura Securities, including Chetansett and others, the Malaysian and Indonesian stock markets are expected to benefit from the accelerated trend of US interest rate cuts, which is one of the reasons why the two countries' stock market ratings were upgraded from “neutral” to “increase in holdings.”
Nomura Securities also downgraded the MSCI China Index (MSCI China) rating from “increase in holdings” to “neutral.”
“Now is the time to enter the ASEAN stock market in a big way. In a scenario where the Federal Reserve is about to cut interest rates and investors are rekindling buying and selling in emerging markets, investing in the Indonesian stock market is probably the best bet.”
Last week, Federal Reserve Chairman Powell issued a clear signal to the outside world that interest rates will be cut starting in September.
Bloomberg pointed out that before Nomura Securities upgraded the Malaysian and Indonesian stock market ratings, foreign interest in the two countries' stock markets had already risen, and foreign capital inflows were recorded for two consecutive months.
“Investors have reason to take Nomura Securities reviews seriously. In December of last year, they raised Taiwan's stock market, and the Taiwan Weighted Index has risen 25% this year. The MSCI Asia Pacific Index rose 9.8% during the same period.”
Prior to Nomura Securities, there were actually quite a few internationally renowned investment banks or financial media, including J.P. Morgan Chase, Goldman Sachs, and Forbes, which were optimistic about the prospects of the Malaysian market.
$FTSE Taiwan50 Index (.FTTW50.GI)$
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$EPB (0317.BMS)$
Newbie trader here, bought epb at 0.62 last week and now it's dropping. Should I keep or sell it?😭
Newbie trader here, bought epb at 0.62 last week and now it's dropping. Should I keep or sell it?😭
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Hi, mooers!
This week, $ELRIDGE (0318.BMS)$ and $EPB (0317.BMS)$ are set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August and 23 August. How will the market react to the IPO results? Make your guess now!
Key information
$ELRIDGE (0318.BMS)$ is engaged in the manufacturing and trading of biomass fuel products with a strong presence in the Asia Pacific region. The company plans to issue a total of ...
This week, $ELRIDGE (0318.BMS)$ and $EPB (0317.BMS)$ are set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August and 23 August. How will the market react to the IPO results? Make your guess now!
Key information
$ELRIDGE (0318.BMS)$ is engaged in the manufacturing and trading of biomass fuel products with a strong presence in the Asia Pacific region. The company plans to issue a total of ...
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$MYEG (0138.BMS)$ steady growing QR, hopefully this stimulate share price.
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$MBSB (1171.BMS)$ institution buying in. The last time this happen, stock price rally up 4days in a row.
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