The outlook for future glove demand may exceed expectations, according to Kenanga Investment Bank. $TOPGLOV (7113.MY)$
The future performance is more optimistic, with a significant increase of 39% and 42% in net profit forecasts for the fiscal years 2025 and 2026 (ending at the end of August).
Following recent meetings with senior management of top glove, analysts at Kenanga Investment Bank are optimistic about the company's performance outlook.
"There are signs that top glove will experience a stronger demand rebound than expected after entering the 2025 fiscal year."
He added that top glove's sales continued to rise month by month in September this year, with the company also expecting customers' inventory replenishment activities to strengthen in the coming quarters.
"Currently, top glove's sales volume is increasing by 25% to 30% per month, aiming to improve overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization for the fiscal year 2025 would only be 55%."
In addition, the analyst pointed out that top glove's export volume to the USA continues to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to stocking activities by US customers, coupled with more Chinese glove manufacturers being listed by the country's Food and Drug Administration (FDA) as a watchlist, while the capacity utilization of Chinese peers has also reached 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...

$Meta Platforms (META.US)$ saw institutional investors trading millions of dollars in stock options heading into earnings that could offer signs of the ad pricing power of Facebook's parent company at a time when politicians are boosting election spending.
At 9:44:07 a.m. in New York Monday, an unusual bearish trade was posted costing $2.61 million for call options that give the holder or holders the right to buy 186,...

$EPB (0317.MY)$
EPB Group, a food and packaging solution provider, plans to be listed on the GEM on August 23, and is highly bullish to continue to expand following the growth of the food processing and packaging machinery industry after listing, and has received a target price as high as 77 cents from the brokerage.
This target price is equivalent to 56 cents, which is 37.50% higher than the initial offering price.
Dazheng Securities introduces this upcoming IPO, stating that this one-stop food industry and packaging machinery solution provider has competitive advantages, including providing one-stop solutions for food processing and packaging machinery, an experienced management team, and compliance with internationally recognized quality standards.
APEX Securities is bullish on EPB Group, believing that the continuous growth in the frozen food market demand, the company's expansion plans to increase production capacity, the integration of robot technology and software development, and its solid foothold in regional markets will all drive its future growth.
Looking ahead, EPB Group plans to expand its business scope in Penang, building a 0.07 million square foot factory including offices, factories, warehouses, and showrooms.
Analysts point out that the company will centralize its operations in this factory to increase production capacity and enhance customer experience.
In addition, EPB Group plans to enhance its robot technology capabilities in line with the trend of Industry 4.0, to meet hygiene requirements and address labor shortages.
Regarding the regional market...

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The Malaysian Securities Commission has finally taken action to regulate the increasingly popular financial internet celebrities (Finfluencers) locally, warning that these influencers may face heavy fines if they break the law!
The China Securities Regulatory Commission announced today that in response to the growing popularity of financial internet celebrities and to enhance public awareness, the institution has updated its "Guidelines on Providing Investment Advice".
"This update clarifies the expectations of the China Securities Regulatory Commission regarding financial internet celebrities sharing financial opinions and recommendations on social media."
The key point is, the latest guidelines indicate that recommending a capital market product on social media may require a permit issued by the China Securities Regulatory Commission under certain circumstances.
For example, internet celebrities who share financial advice or recommendations to promote specific capital market products to their followers in expectation of earning commissions or other rewards will require the regulatory approval from the Securities Commission.
Violations can result in fines of up to ten million and imprisonment for up to ten years.
The Securities Commission reminds all financial internet celebrities that engaging in regulated activities without approval is considered illegal and can lead to penalties under the Capital Markets and Services Act 2007 (CMSA).
Offenders may face fines of up to 10 million Ringgit, imprisonment for up to 10 years, or both.
The complete version of the above guidelines can be found on the website of the China Securities Regulatory Commission: https://www.sc.com.my/regulation/guidance-notes-and-guiding-principlesDownload....

Big money is jumping into $CrowdStrike (CRWD.US)$ put options amid increasing demand for protection against deepening losses as the stock slumps more than 8%.
CrowdStrike's stock fell to $314.56 Friday morning after CEO George Kutz posted on LinkedIn that the company's customers were impacted by a defect found in a content update for Microsoft Windows hosts. The event caused a global outage, forcing airli...

The dollar and Asian stocks fell as Biden announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over.
The Bloomberg Dollar Spot Index $USD (USDindex.FX)$Fell 0.2% on Monday, with the Mexican peso rising.
Faced with constant pressure within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November election. The stock markets in Japan and South Korea opened lower, and the Australian stock market weakened. Hong Kong stock index futures held steady.
$Korea Composite Index (.KOSPI.KR)$
$Nikkei 225 (.N225.JP)$
$S&P/ASX 200 (.XJO.AU)$
$Hang Seng Index (800000.HK)$
The question facing investors is whether it is still necessary to stick to Trump's trade since Biden has abandoned his bid for re-election.
The market may experience significant volatility as traders wait to see if He Jinli can win the party's nomination while weighing whether she can gather enough momentum to challenge Trump's current lead in the polls.
"People's subconscious reaction is that this is not good for the US dollar, but it is still too early to draw conclusions," said Olga Yankovskaya, director of emerging market research and strategy at Credit Agricole CIB.
"This largely depends on Hua Jili's initial appearance, the choice of campaign partners, and the reaction of swing state polls."
On the commodity side, crude oil and gold prices rose in early trading.
Biden drops out of the race...

Investors and speculators are piling onto $Trump Media & Technology (DJT.US)$ options that give the holders the right to purchase the stock at $50 by the end of this week, implying optimism of further upside for Truth Social's parent company.
DJT shares jumped more than 30% to $40.69 Monday morning amid increasing speculation that the failed assasination attempt on its biggest shareholder, former President Donald Trump, w...