Today, the glove stock once again became the most beautiful boy in the game.
The main reason was that the US escalated the trade war to a higher level.
Yesterday evening,
The US President's Office announced the latest round of import tariff lists for Chinese products, which has drastically raised import tariffs on specific products from China. The products involved are as follows:
1. Steel and aluminum (2024, increase from 0-7.5% to 25%)
2. Semiconductors (increase from 25% to 50% in 2025)
3. Electric vehicles (2024, increase from 25% to 100%)
4. Lithium-ion batteries (increase from 7.5% to 25% in 2024)
5. Electric vehicle battery components (increase from 7.5% to 25% in 2024)
6. Solar cells (2024, increase from 25% to 50%)
10. Medical syringes and needles (increase from 0% to 50% in 2024)
7. Personal protective equipment, including certain respirators and masks (in 2024, increase from 0-7.5% to 25%)
8. Rubber medical and surgical gloves (2026, increase from 7.5% to 25%)
This measure,
Nominally, in addition to encouraging the localization of American products,
It is also expected that it will allow American importers,
Shifting the source of product imports to Southeast Asia/South American countries.
Conceptually,
The beneficiaries of the Malaysian stock market are as follows:
1. Aluminum product manufacturer (extrusion/casting)
$LBALUM(9326.MY)$ $PA(7225.MY)$ $PMETAL(8869.MY)$
...

PA is an aluminum product manufacturer with manufacturing capacity to produce aluminum billets and end product stamping. The major customer is First Solar from the US. There are also quite a few investors who worry that PA is too dependent on a single major customer. This is a potential risk. The situation is similar to MAGNI.
However, since getting First Solar in 2018, the company has extended it for the 3rd time, and each time it is bigger than the previous contract. In January of this year, the company obtained an extension of the FirstSolar contract for a period of 18 months of RM1,076 mils. Therefore, performance is expected to grow steadily over the next 5 to 6 quarters.
Since the company only earned RM239k in the same period last year, surrendering RM12.436 mils of profit in the latest quarter increased the company by 5,099.2%. Although there is a foreign exchange profit of RM2.9 mil, there are also RM1.8 mil ESOS expenses, and when deducted, there is also PAT of RM11.5 mil or more.
The company's new production capacity was upgraded in March, mainly to meet the record high contract obtained in January. It is expected that next quarter, with the contribution of new production capacity, turnover and profit will rise to the next level.
$PA(7225.MY)$  
The company's net cash reached a new high in the latest quarter, reaching RM88.8 mil. Mainly due to increased profits, reduced inventory, and the collection of accounts receivable.
Company shares...

2023Q4 Genting Singapore 🇸🇬's earnings were not ideal due to unfavorable earnings. After that, the stock price fell by more than 20%, and the parent company also declined after the announcement of the Singapore results. Today's sales and net profit, which have reached new highs in recent years, are mainly due to the fact that Singapore and China were visa-free in February to drive profits.
Listed companies in Singapore only announce their results once every six months, but some companies voluntarily announce quarterly results. However, it will be very brief, usually only a few pages. The following is an explanation of Genting Singapore's Q1 performance.
$Genting Sing(G13.SG)$
$GENTING(3182.MY)$
According to the results announced in February, GenTing's profit was poor due to negative performance. Singapore has performed well this quarter, and GENM is not expected to be bad either. We can't predict stock prices, but net profit QOQ and YOY growth shouldn't be difficult; we'll know by the end of the month!

As the saying goes, we can't earn wealth beyond our perception. At the beginning of MRDIY during the PRE IPO period, the moderators were not that optimistic. I think it's not easy for a company to continue to grow at such a large scale. As a result, the performance will talk about it, and I'm punched in the face!
The company's growth over the past 5 years has continued to maintain dual growth. The main thing is that the company continues to open new stores and has done a good job in cost control. As the scale increases, MRDIY has greater bargaining power, and the net profit margin reached 12.9% in 2023 is very impressive.
$MRDIY(5296.MY)$
The company had grown to 1,255 stores by the end of 2023, and 175 new stores were opened in 2023. More than 90%, or 1,159, are MR.DIY, and the rest are MR.TOY, MR. DOLLAR, etc.
Since May is an evaluation month for blue-chip stocks every six months, blue-chip stocks with a market capitalization falling to 33 will be replaced by new stocks, so there is a good chance that SUNWAY will be listed in this round. On April 19, there was a reversal after the company's stock price fell to RM1.46. In the past, it had been rising for 6 days, rising 📈 22.6% in 3 weeks. The market capitalization soared RM13.8 billion to RM16.9 billion, and soared RM3.1 billion to maintain the status of the top 30 blue-chip stocks. This is the so-called battle to defend the top 30 blue-chip stocks.
It may be a coincidence,...

$Riverstone(AP4.SG)$
Today, RIVERSTONE, which is listed in Singapore 🇸🇬, announced its latest results, with net profit growing 54.3% year-on-year. The chart below shows RIVERSTONE's turnover and net profit over the past few years:
The latest quarterly turnover was RM249.5 mil, and management said that the supply relationship had returned to normal. It is expected that the next few quarters will be very good with the recovery of semiconductors and consumer electronics products. Therefore, FY2024's annual turnover is likely to exceed RM1,000 mil and is expected to grow by more than 10%.
Since RiverStone focuses on cleanroom gloves, it is a relatively niche market. After this pandemic, the company's net profit margin was even scarier than before the pandemic, reaching 28.9%. One reason is due to the sharp increase in cash and the environment of high interest rates. In the case of RM947.64 mil cash and 0 bank loans, the company can earn higher interest income.
The company has a positive outlook, with supply and hope to return to normal, with major customer sectors recovering in semiconductors and consumer electronics. In addition, the company is expected to pay a 4-point dividend (RM) in Q1, which is equivalent to a payout ratio of 82.1%. In an environment where profits are returning to growth, Riverst...

$BURSA(1818.MY)$
I talked to you about BURSA's performance last week, and the Malaysian stock market finally surpassed RM2 trillion this week, and the pond is big enough to accommodate more fish 🐟. Coupled with the return of foreign capital, the current trading volume and trading value of our Malaysian stocks is aside from the 10-year peak of the COVID-19 epidemic in 2020.
In the period before the pandemic in 2020, the trading volume of Malaysian stocks was between 2 and 2.5 billion, and the daily turnover of more than 2.5 billion was a hot market 🔥. The average transaction value is RM2 billion or more. By May, Malaysian stock trading volume reached 30-40, and the transaction value also exceeded RM2.5 billion. BURSA was the biggest winner.
Looking back at BURSA's stock price over the past 17 years, it is the highest peak since 2007 when the stock price broke through a record high of RM11.26. I tried to reach the top in 2020, but it was impossible to succeed until RM10.98.
After 10 years of loss (2014 to 2023), Malaysian stocks broke through a 2-year high this year, and market sentiment is also jubilant. Whether it can break through the high level in 2007 is unknown for the time being, but it will not be difficult for the next 2 to 3 quarters to grow in earnings year by year.
BURSA will dance with the big market. It also hopes that in the next few years, horse stocks will flourish, that more new good companies will go public, and that the value of high-quality companies will also be unleashed. Mutual encouragement.

$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$
#2兆马币的大池塘才能滋养更多鱼儿
When we first entered the stock market 12 years ago, the total market value of Malaysian stocks at that time seemed to be RM1.6 trillion. After 12 years of waiting, I finally saw the word 2. Today, the market value reached RM2.00 trillion.
Malaysian Stock Market Capitalization = RM2,000,000,000,000
Moreover, the market capitalization broke through a two-year high of 1,605.68 points, mainly due to the promotion of money banks, TENAGA, and PMETAL.
$CIMB(1023.MY)$
$MAYBANK(1155.MY)$
$TENAGA(5347.MY)$
I really hope that future horse stocks will bloom in full bloom, make this pond bigger and bigger, and nourish more fish 🐟 swim in the water. Mutual encouragement!

$KGB(0151.MY)$
KGB's own business includes ultra-high purity (“UHP”) gas and chemical delivery systems, General Contracting & Process Engineering.
In 2018, the company raised capital through Private Placement to build the first liquefied carbon dioxide plant 🏭 to generate continuous passive income. Plant 1 was completed in 2019, so you can see that 2019 CAPEX was a record high of RM33.5 mil.
With management's efforts, the industrial gas business can contribute more than RM15 mil of PAT in FY2022. It is expected to be between RM25 and 30 mil in 2023, with a gross margin of up to 30%. Although its turnover accounts for only 7% of the company, it contributes nearly a quarter of its profits.
Due to strong demand for liquefied carbon dioxide, the company began construction of Plant 2 in 2022. P2 has a production capacity of 70,000 MT, 40% more than Plant 2's 50,000 MT, and a total production capacity of 120,000 MT. As a result, CAPEX in 2023 once again broke through a record high of RM69.17 mils, and Plant 2 also began operation in March 2024.
FY2023's PLA...