Market Mover | Glove Stocks Plunge Amidst Warnings of Intensified Competition from Chinese Counterparts
Market Mover | Glove Stocks Plunge Amidst Warnings of Intensified Competition from Chinese Counterparts
July 31, 2024 - Malaysian glove stocks continue the decline from yesterday. $TOPGLOV (7113.MY)$ fell 4.59% to RM1.04, $HARTA (5168.MY)$ fell 5.66% to RM2.99, $KOSSAN (7153.MY)$ fell 5.45% to RM2.08.
2024年7月31日，馬來西亞手套股票繼續昨天的下跌。 $TOPGLOV (7113.MY)$ 跌4.59％至1.04令吉, $HARTA (5168.MY)$ 下跌5.66％至2.99令吉, $KOSSAN (7153.MY)$ 下跌5.45％至2.08令吉。
A recent report by Malaysian investment banks highlights the robust capabilities of Chinese glove manufacturers, following a visit to their modern facilities. With production lines operating near full capacity, these companies are set to expand further, leveraging advanced technology and integrated supply chains to achieve competitive production costs. Although this expansion surprised some, given the U.S.'s planned tariffs from 2026, Malaysian glove producers are anticipated to maintain strong profitability in the coming year due to stable demand and pricing. While acknowledging the competitive challenge, the report suggests that Malaysian manufacturers can thrive by focusing on cost efficiency and a robust balance sheet, as buyers diversify their orders beyond China, including to Malaysia.
馬來西亞投資銀行最近一份報告強調，隨着訪問現代化設施，中國手套製造商擁有強大的能力。這些公司的生產線接近滿負荷運轉，正憑藉先進的技術和整合的供應鏈來實現競爭性的生產成本而進一步擴張。雖然，考慮到美國計劃自2026年開始徵收關稅，這種擴張可能會讓一些人感到驚訝，但由於穩定的需求和價格，預計馬來西亞手套生產商在未來一年內仍將保持強勁的盈利能力。報告指出，儘管面臨競爭挑戰，但馬來西亞製造商可以通過專注於成本效益和健全的資產負債表來蓬勃發展，在買家將訂單多樣化到中國以外，包括馬來西亞的情況下。