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$HARTA (5168.MY)$ Rubber glove stocks have already become junk stocks! The market makers have long played in the palm of their hands, and retail investors' hearts are as painful as a knife! For example, I am one of them! Ouch ouch ouch ouch ouch ouch!
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$HARTA (5168.MY)$ Once again on stage.
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$INARI (0166.MY)$ seems like slopping down very bad at the moment.
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$KTI (0308.MY)$ Such a company should not go public! Completely uncompetitive?
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ The last quarter of this year has three months left, the stock market should all be frozen! Looking forward to a miracle at the year-end? Should the focus be on cash now?
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$KTI (0308.MY)$ Bought another falling stock!
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$SAMAIDEN (0223.MY)$ The stock is in contrast to its name (three spare nails), it's exposed!
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$HARTA (5168.MY)$ Four years have passed, and the stock price is worse than before the pandemic. Stocks are even scarier than scammers!
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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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