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thanks to Baba for the daily allowance. thanks to moo moo - this is commission free
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🏦Affin Bank’s (AFFIN) share price surged close to 6.6% week-to-date as of 10:03am this morning as the Sarawak government is set to finalise its majority stake acquisition in the bank this Friday. (Malay Mail, 24th September)
🥇Gold prices soared to a record high on Tuesday, driven by a combination of factors including expectations of additional U.S. interest rate cuts, stimulus measures from China and heightened tension in the Middle East. The SPDR® Gold Trust (GLDH...
🥇Gold prices soared to a record high on Tuesday, driven by a combination of factors including expectations of additional U.S. interest rate cuts, stimulus measures from China and heightened tension in the Middle East. The SPDR® Gold Trust (GLDH...
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The future prospects for glove demand may be better than expected, according to Kenag Investment Bank. $TOPGLOV (7113.MY)$
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 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%...
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 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%...
Translated
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Hey mooers!
On last Wednesday, the Federal Reserve reduced its benchmark interest rate by a significant half-point, the first such easing since 2020.
Following the initial 50bp rate cut, fears of a short-term economic recession might arise, making it crucial to watch upcoming economic data closely. If indicators like initial jobless claims are better than expected, chances for a stable economic recovery improve. Rate cuts could also ...
On last Wednesday, the Federal Reserve reduced its benchmark interest rate by a significant half-point, the first such easing since 2020.
Following the initial 50bp rate cut, fears of a short-term economic recession might arise, making it crucial to watch upcoming economic data closely. If indicators like initial jobless claims are better than expected, chances for a stable economic recovery improve. Rate cuts could also ...
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$POET Technologies (POET.US)$
I would consider buying some back tomorrow if the price is right
I would consider buying some back tomorrow if the price is right
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Have you made critical mistakes in your personal finance and investing journey before?
Well…we sure did…and it costed us well over 6 figures of financial losses😭
Here are some of the stuffs we’ve been through, captured and discussed in this podcast⬇️
Well…we sure did…and it costed us well over 6 figures of financial losses😭
Here are some of the stuffs we’ve been through, captured and discussed in this podcast⬇️
From YouTube
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