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，马来西亚手套股票继续昨天的下跌。 $TOPGLOV (7113.MY)$ 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.
马来西亚投资银行最近一份报告强调，随着访问现代化设施，中国手套制造商拥有强大的能力。这些公司的生产线接近满负荷运转，正凭借先进的技术和整合的供应链来实现竞争性的生产成本而进一步扩张。虽然，考虑到美国计划自2026年开始征收关税，这种扩张可能会让一些人感到惊讶，但由于稳定的需求和价格，预计马来西亚手套生产商在未来一年内仍将保持强劲的盈利能力。报告指出，尽管面临竞争挑战，但马来西亚制造商可以通过专注于成本效益和健全的资产负债表来蓬勃发展，在买家将订单多样化到中国以外，包括马来西亚的情况下。
