(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."
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(Kuala Lumpur, 17th) The USA's higher tariffs on Chinese gloves exceeded expectations, inspiring a significant rise in local glove stocks, with the most favored ones experiencing a limit-up! $HARTA (5168.MY)$ particularly the limit-up board!
In a report released today, Industrial Bank Research pointed out that the USA has decided to significantly increase tariffs on Chinese goods. The tariff rate for gloves will be raised to 50% starting in 2025, and further increased to 100% in 2026.
Analysts believe that the punitive measures against China by the USA will bring significant spillover effects for Malaysian glove manufacturers, with the average selling price of Chinese gloves possibly surpassing Malaysia's as soon as next year.
Previously, the proposed import tariff on Chinese gloves by the United States is scheduled to increase to 25% by 2026, far below the current adjustment level.
Analysts further stated that this is likely to result in an average selling price of Chinese gloves, from the current $17, skyrocketing to $25.50 in 2025, and even rising to $34 in 2026.
Therefore, this will bring a price advantage to Malaysian glove manufacturers, as the comprehensive average selling price of the industry is only between $20 and $21.
Analysts therefore do not rule out the possibility of Chinese industry players considering expanding into overseas markets to avoid high tariffs.
However, we believe that this expansion will make Chinese businesses lose their cost competitiveness because they cannot achieve cost savings through coal production overseas.
With the United States deciding to significantly increase tariffs on Chinese goods, it means a Malaysia and...

The U.S. has confirmed a significant increase in tariffs on Chinese goods, with the tariff rate on gloves set to rise to 50% in 2025 and further increase to 100% in 2026.
As a result, Malaysian glove stocks have surged, with Hartalega hitting the limit up.
$HARTA (5168.MY)$
$TOPGLOV (7113.MY)$
$SUPERMX (7106.MY)$
$KOSSAN (7153.MY)$

(Kuala Lumpur, 6th) Faced with Chinese counterparts who are about to set up factories in Southeast Asia, He Tejia... $HARTA (5168.MY)$ expresses no fear of challenges, and points out that He Tejia has an absolute competitive edge in an equal environment...
Guan Jin'an, the executive chairman of Hartalega, pointed out at a press conference after today's shareholders' meeting that starting from 2026, the US will significantly increase import tariffs on Chinese gloves, which may not be a good thing for Malaysian glove manufacturers.
"Because some Chinese counterparts have planned to expand into Southeast Asia, such as setting up factories in Indonesia, to avoid the soaring US tariffs."
In any case, Guan Jin'an appears confident and believes that Hartalega has sufficient strength to confront Chinese players head-on.
After Chinese companies enter the Southeast Asian market, we are in a fair competitive environment with Chinese glove manufacturers. We have been operating in this region for decades and are well aware of the local culture and business practices, while they need time to start from scratch. So, we are not worried about the arrival of Chinese companies.
Kuan Chin-An also said that Chinese glove manufacturers have the advantage of lower energy costs and better manpower quality in China, but these advantages will disappear after entering the Southeast Asian market, putting both parties on an equal footing.
Chinese workers are hardworking and can take on multiple roles, while the productivity of the workforce in this region is generally lower.
Regarding the progress of Chinese counterparts entering Southeast Asia, Heejia CEO Guan Minliang revealed that relevant companies will not enter Malaysia, but some have purchased land in neighboring countries and are preparing to establish factories.
In May of this year, the USA announced...

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. $KOSSAN (7153.MY)$ and Hershey. $HARTA (5168.MY)$
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 $TOPGLOV (7113.MY)$ 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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