Meta Platforms $Meta Platforms (META.US)$ is set to be hit in a few weeks with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, people with direct knowledge of the matter said.
The move by the European Commission will come more than a year and a half after it accused the U.S. tech giant of giving its classified ads service Facebook Mark...

$KOSSAN (7153.MY)$
The development of Malaysia's 🇲🇾 glove 🧤 industry has declined in the past few years due to production reduction strategies and China's and Thailand's entry into the market. Our global exports have dropped from over 60% to below 40%. Although still the world's number one, we need to progress in order to avoid regression and hope to regain more market share in the future.
During the pandemic, KOSSAN had the least cash among the top four glove companies. However, in FY23, it outperformed its peers and became the cash king in the Malaysian stock market. In the past two years, KOSSAN only invested RM211 million in CAPEX and focused on a strategy of defense, waiting for the right opportunity to strike.
TOPGLOV distributed a large amount of dividends and expanded aggressively during the pandemic, resulting in the lowest cash among the four companies after seven consecutive quarters of losses. SUPERMX had excessively high CAPEX and was exposed for purchasing private jets, leading to continuous losses for five consecutive quarters and a continuous decline in cash. In terms of stock performance this year, both companies have experienced a slight decline.
$TOPGLOV (7113.MY)$
Both KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to cost reduction through employee layoffs and production cuts. The substantial cash has also brought in interest income, allowing the company to withstand the economic downturn. This has resulted in KOSSAN earning RM60 million in interest income and investment assets as Fair Value Gain in 2023. On the other hand, HARTA has achieved...