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Market Experiencing a Slowdown
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...
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Who believes Praying can help the share price ?
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$MAYBANK (1155.MY)$ is time in….see at 11
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(Kuala Lumpur News, 17th) The United States has imposed higher tariffs on Chinese gloves than expected, which has prompted a sharp increase in local glove stocks, with the most favored by the market. $HARTA (5168.MY)$ Hartalega (HARTA, 5168, main board healthcare stock) also hit the daily limit up!
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...
Translated
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$Ulta Beauty (ULTA.US)$ fell some 7% after hours Thursday after the beauty-goods chain missed analyst estimates for fiscal Q2 revenues and earnings and cut its guidance for the fiscal year as a whole.
ULTA shed 6.8% to $342.70 shortly before 4:45 p.m. ET after the firm reported after the bell that it earned $5.30 per share on $2.552 billion of sales in the three months ended Aug. 3. That trailed the $5.55 earnings per...
ULTA shed 6.8% to $342.70 shortly before 4:45 p.m. ET after the firm reported after the bell that it earned $5.30 per share on $2.552 billion of sales in the three months ended Aug. 3. That trailed the $5.55 earnings per...
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Marco polo, more projects and start tohave + ve result
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Good afternoon, traders. It's finally Friday, July 26; the market is open, and prices are taking back some losses felt in a pullback midweek.
My name is Kevin Travers, here are stories from the herd on Wall St today.
$3M (MMM.US)$ lifted the low end of its full-year earnings outlook on Friday after reporting second-quarter results above market estimates, it flew 19%, yanking the Dow higher as the highest advancer.
$DexCom (DXCM.US)$ fell 41%,...
My name is Kevin Travers, here are stories from the herd on Wall St today.
$3M (MMM.US)$ lifted the low end of its full-year earnings outlook on Friday after reporting second-quarter results above market estimates, it flew 19%, yanking the Dow higher as the highest advancer.
$DexCom (DXCM.US)$ fell 41%,...
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Hi, mooers!
Kucingko Bhd is expected to officially start trading on July 26. According to the animation production house company, it has received 21,929 applications for 2.5 billion shares, far exceeding the 25 million shares available for public subscription.
How will the market react to the IPO results? Make your guess now!
🎁 Rewards:
● An equal share of 3,000 points: Predict the percentage change in Kucingko's closing pr...
Kucingko Bhd is expected to officially start trading on July 26. According to the animation production house company, it has received 21,929 applications for 2.5 billion shares, far exceeding the 25 million shares available for public subscription.
How will the market react to the IPO results? Make your guess now!
🎁 Rewards:
● An equal share of 3,000 points: Predict the percentage change in Kucingko's closing pr...
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Good morning mooers! Here are things you need to know about today's market:
●Tech-Driven Sell-Off Leads to Second Day of Market Retreat
●Malaysia's Revised MM2H Scheme Faces Criticism Over Stringent Requirements
●Anticipated Recovery in Malaysian Rubber Market Amid Adverse Weather and Global Tensions
●Stocks to watch: SunCon, Genting Plantations, MCE and CIMB
-moomoo News MY
Wall Street S...
●Tech-Driven Sell-Off Leads to Second Day of Market Retreat
●Malaysia's Revised MM2H Scheme Faces Criticism Over Stringent Requirements
●Anticipated Recovery in Malaysian Rubber Market Amid Adverse Weather and Global Tensions
●Stocks to watch: SunCon, Genting Plantations, MCE and CIMB
-moomoo News MY
Wall Street S...
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Columns Buy Meta?
Although the social media industry is competitive, Meta Platforms $Meta Platforms (META.US)$ stands out with some of the oldest and most recognizable players in the game. Despite its market cap exceeding USD 1 trillion, the company maintains a dominant position with platforms like Facebook, Instagram, and WhatsApp, supported by 3.24 billion daily active users.
Meta has multiple growth paths. The company makes almost all its money from advertising, and despite a slowdown in the online a...
Meta has multiple growth paths. The company makes almost all its money from advertising, and despite a slowdown in the online a...
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