EricLeaw
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Happy Friday, mooers! Welcome back to Weekly Buzz where we talk about the top news and buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic Question for a chance to win an award!
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The week started with Chinese stocks hitting year highs before a lack of fresh stimulus sent them reeling. FOMC meeting minutes Wednesday for the rate cut decision day showed 50 basis points was a majority decision,...
Make Your Choice
Weekly Buzz
The week started with Chinese stocks hitting year highs before a lack of fresh stimulus sent them reeling. FOMC meeting minutes Wednesday for the rate cut decision day showed 50 basis points was a majority decision,...
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EricLeaw
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$TENAGA (5347.MY)$
Tomorrow is the golden time 🍸
Tomorrow is the golden time 🍸
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EricLeaw
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(Kuala Lumpur News, 17th) The United States has imposed higher tariffs on Chinese gloves than expected, which has prompted a sharp increase in local glove stocks, with the most favored by the market. $HARTA (5168.MY)$ Hartalega (HARTA, 5168, main board healthcare stock) also hit the daily limit up!
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
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EricLeaw
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The WhatsApp messages were flooded early in the morning.
All are questions asking what happened to the gloves.
Unified response.
First, let's look at the short-term market disturbances - the situation in Russia and Ukraine. I personally speculate that there will not be worse expectations for the situation in Russia and Ukraine now. Therefore, unless there is a real war, the overall situation is basically controllable. Based on this basis, will crude oil continue to soar? The room for speculation is not too big.
It's the United States implementing tariffs earlier.
Originally 25% in 2025, it becomes 50%;
Originally 50% in 2026, it becomes 100%
$TOPGLOV (7113.MY)$ $HARTA (5168.MY)$ $KOSSAN (7153.MY)$ $SUPERMX (7106.MY)$
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All are questions asking what happened to the gloves.
Unified response.
First, let's look at the short-term market disturbances - the situation in Russia and Ukraine. I personally speculate that there will not be worse expectations for the situation in Russia and Ukraine now. Therefore, unless there is a real war, the overall situation is basically controllable. Based on this basis, will crude oil continue to soar? The room for speculation is not too big.
It's the United States implementing tariffs earlier.
Originally 25% in 2025, it becomes 50%;
Originally 50% in 2026, it becomes 100%
$TOPGLOV (7113.MY)$ $HARTA (5168.MY)$ $KOSSAN (7153.MY)$ $SUPERMX (7106.MY)$
Follow me on my Facebook.
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EricLeaw
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Deposited my weekly $220. Today i decided to add shares of Boeing ( $Boeing (BA.US)$ ) and Alphabet ( $Alphabet-A (GOOGL.US)$ ). Boeing shares are at minimum level due to recent bad news with quility of airplanes, but if you think about it, there are only two companies who can build airplanes, Boeing and Airbus, so I believe sooner or later shares of Boeing will recover.
as for Alphabet, its shares nicely bounced from 200 SMA 😊
p.s. Tencent keeps its #1 position under PL ratio duri...
as for Alphabet, its shares nicely bounced from 200 SMA 😊
p.s. Tencent keeps its #1 position under PL ratio duri...
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EricLeaw
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The 2024 FOMC Meeting is scheduled for September 18 at 2:30 PM ET /September 19 at 2:30 AM SGT/September 19 at 4:30 AM AEST.Subscribe to join the live NOW!
With inflation approaching the Fed's 2% target and some signs of an economic slowdown, policymakers have made it clear "the time has come" to start reducing the federal funds rate, which has been held in the 5.25%-5.50% range sin...
The 2024 FOMC Meeting is scheduled for September 18 at 2:30 PM ET /September 19 at 2:30 AM SGT/September 19 at 4:30 AM AEST.Subscribe to join the live NOW!
With inflation approaching the Fed's 2% target and some signs of an economic slowdown, policymakers have made it clear "the time has come" to start reducing the federal funds rate, which has been held in the 5.25%-5.50% range sin...
2024 FOMC Meeting
Sep 18 13:30
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EricLeaw
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$JTGROUP (0292.MY)$
This stock when winning more contracts will be dropped more...really no choice and can wait until it rises only.....
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This stock when winning more contracts will be dropped more...really no choice and can wait until it rises only.....
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