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...

$DATAPRP (8338.MY)$ 几时upup

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Another major international investment bank is bullish on the prospects of the Chinese stock market. Japan's Nomura Securities believes that investors should reduce their holdings of Chinese stocks and instead invest in Malaysian and Indonesian stocks.
According to analysts from Nomura Securities, including Chettan Setti and others, in a recent report, Malaysian and Indonesian stock markets are expected to benefit from the trend of accelerated rate cuts in the United States, one of the reasons for upgrading the stock market ratings of both countries from "neutral" to "buy."
Nomura Securities has also downgraded the rating of the MSCI China Index from "buy" to "neutral."
"Now is the time to make a major move into the ASEAN stock market. With the Federal Reserve about to cut interest rates and investors reigniting their interest in emerging markets, investing in the Indonesian stock market may be the best bet."
Last week, Federal Reserve Chairman Powell has issued a clear signal of interest rate cuts starting in September.
Bloomberg pointed out that before Nomura Securities raised its ratings on Malaysia's and Indonesia's stock markets, foreign capital had shown increased interest in the two countries' stock markets, with two consecutive months of inflow of foreign capital.
"Investors have good reasons to take Nomura Securities' comments seriously. In December last year, they upgraded the Taiwan stock market, and the Taiwan Weighted Index has risen by 25% this year, while the MSCI Asia Pacific Index has increased by 9.8% during the same period."
Before Nomura Securities, many internationally renowned investment banks or financial media, including JP Morgan Chase, Goldman Sachs, and Forbes, had already turned optimistic about the Malaysian market outlook.
$FTSE Taiwan50 Index (.FTTW50.TW)$
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$SCABLE (5170.MY)$
PN17's Sarawak Cable (SCABLE, 5170, Motherboard Industrial Co., Ltd.) was unable to reach an agreement with White Samurai, and the rescue plan came to an end. The stock price once fell by nearly 26%, but at the end of the day it ushered in a major reversal, rising 3.23%.
Perhaps investors are happy to see the agreement come to an end, which may attract better white warriors and cause everyone to enter the tray.
Or maybe large investors intend to sell off stocks and buy large sums of money at the end of the day to get out of the way. This is unknown.
The company announced yesterday on the Malaysian Exchange that it was unable to agree with White Warrior Serendib Capital on the exclusive corporate relationship stipulated by the two parties at the end of 2023.
Earlier, Sarawak Cable confirmed that the British investment agency Serendib Capital will be the white samurai to save the company and inject RM250 million to get the company back on track.
The news of the rescue once caused the stock to soar to a maximum of 48 cents, but since then, amid intense fluctuations, the stock price has already slipped.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.

$GENTING (3182.MY)$
As the domestic tourism industry continues to recover, Fenglong Investment Bank believes that Genting, which is currently undervalued, is one of the major beneficiaries and worth the attention of investors.
Fenglong Investment Bank analyst pointed out that Genting Malaysia and Genting Sing hold strategic equity interests, and can benefit from the recovery of the tourism industry in Malaysia and Singapore respectively. $GENM (4715.MY)$Genting Sing $Genting Sing (G13.SG)$Genting, which holds strategic equity interests in both Malaysia and Singapore, can benefit from the recovery of the tourism industry in both countries.
Below are the company's range buying points, short-term upward targets, and stop-loss points.
$GENTING (3182.MY)$
Source: Nanyang Business Daily
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment, investment strategy, or recommendation. Readers should assume any risks and responsibilities resulting from relying on this content. Before making any investment decisions, please conduct your own independent research and evaluation, and consult with professionals when necessary. The author and related contributors are not responsible for any losses or damages incurred as a result of using or relying on the information contained in this article.