$Top Glove (BVA.SG)$ $TOPGLOV (7113.MY)$ hit limit up on Wed...
$HARTA(5168.MY$'s share price, meanwhile, jumped to a 2-year high of RM3.83, before paring its gains to close at RM3.82.
The other two major glove stocks $SUPERMX(7106.MY$ closed at a 2-year high of RM1.08, while $KOSSAN(7153.MY$ settled at RM2.74 – its highest since Sep 2021.
The US tariff on China rubber medical and surgical gloves, means Malaysian glove players have the opportunity to regain market share they lost to Chinese competitors following the price war that began in 2021.
Average selling prices for Chinese gloves are set to increase to US$20-US$21.25/1,000 from US$16-US$17 due to the tariff hike, which could essentially narrow the price gap between Malaysia-made products, which now sell at US$20 and are not subject to US import tariffs, said RHB Investment Bank in a note.
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Dogezilla : Will the US block Malaysia depends on the Palestine incident
bullrider_21OP Dogezilla: I don't think so. US is targeting China.
Always Growing : So it's pull back now for Top Glove? wondering when it'll hit high again ..
bullrider_21OP Always Growing: Pull back time now. It may rise again ahead of results on 20/6 but may not reach 0.365.
Always Growing bullrider_21OP: I see, thanks. It’s ok even if it doesn’t soar sky high, can’t expect a stock to keep hitting all time high, I missed it, so be it
