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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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Dear mooers,
The Moo Community has always been committed to building a safe, comfortable platform and strives to nurture an authentic, diverse, and caring atmosphere. In the Moo Community, we encourage you to share your insights and discuss with others with an open mind to different views.
However, recently, some scammers emerging in the community seemed to disrupt such an atmosphere. Lily noticed that some users have run foul of the and violated the values...
The Moo Community has always been committed to building a safe, comfortable platform and strives to nurture an authentic, diverse, and caring atmosphere. In the Moo Community, we encourage you to share your insights and discuss with others with an open mind to different views.
However, recently, some scammers emerging in the community seemed to disrupt such an atmosphere. Lily noticed that some users have run foul of the and violated the values...
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The market has been closely monitoring Nvidia's earnings, with hopes of a positive impact on the tech-heavy $Nasdaq Composite Index (.IXIC.US)$. In contrast, the $Dow Jones Industrial Average (.DJI.US)$, which is more focused on industrial sectors, hit a new record high during intraday trading on August 29, 2024.
Year-to-date, the DJI index has gained about 9.67% as of the closing price on August 29. While this may seem like a decent return, it's...
Year-to-date, the DJI index has gained about 9.67% as of the closing price on August 29. While this may seem like a decent return, it's...
![Index ETFs: A simple guide to broad market investing](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240830/1724987027409-f10f89b875.jpeg/thumb?area=999&is_public=true)
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hi..im new..this Papertrade,solely for practice only,right?..cause,id bought about $20K worth of stocks!!..n accidently of course!..n this hopefully doesn't relate to my personal account,in deduction to payment!?
105145570 BIG-BIG : !???..what are u trying to say actually!?..keep drizzle- drizzling,where's the point!!????????
105145570 BIG-BIG :
..fyi - no one ask u to buy it,so stop gaslighting nonsense..