Mr glass
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$UEMS (5148.MY)$ It's been a long time since we slept, let's take off soon ✊
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Mr glass
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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. $KOSSAN (7153.MY)$ 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...
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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Mr glass
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we dont want cuci, dont want Caci, we want cici
who want cici to come Malaysia and based in KL?
who want cici to come Malaysia and based in KL?
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Mr glass
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Dear Mooers,
Are you ready to take your investment knowledge to the next level? We’re excited to invite you to our upcoming live stream event: “Understanding and Investing in ETFs Listed on Bursa Malaysia”.
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Are you ready to take your investment knowledge to the next level? We’re excited to invite you to our upcoming live stream event: “Understanding and Investing in ETFs Listed on Bursa Malaysia”.
Participate in this live stream, you will have a chance to receive 88 moomoo points!
In this comprehensive live stream, we’ll guide you through everything you need to know about Exchange Traded Funds (ETFs) and how you can leverage them...
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Mr glass
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$UEMS (5148.MY)$ what happen? the momentum is getting very slow
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Join our webinar to understand How U.S Rate Cuts Influnce Malaysia's Stock Market. Stay informed, stay ahead! Register now.
Table of Content
1. Understanding U.S. Rate Cuts
2. Global Economic Linkages
3. Malaysia's Stock Market Dynamics
4. Strategic Responses for Investors
5. Q&A Session
Table of Content
1. Understanding U.S. Rate Cuts
2. Global Economic Linkages
3. Malaysia's Stock Market Dynamics
4. Strategic Responses for Investors
5. Q&A Session
How U.S Rate Cuts Influnce Malaysia's Stock Market
Aug 20 07:00
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Mr glass
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My main portfolio is $ECOWLD (8206.MY)$ warrants and shares
i also like $SIMEPROP (5288.MY)$ $UEMS (5148.MY)$
Thanks to Daddy Liew Tian Xiong
i also like $SIMEPROP (5288.MY)$ $UEMS (5148.MY)$
Thanks to Daddy Liew Tian Xiong
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$UEMS (5148.MY)$ Hurry up and fly up
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