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)
$LBALUM(9326.MY)$ $PA(7225.MY)$ $PMETAL(8869.MY)$
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$SWIFT(5303.MY)$ Arbitrage when satisfied. Thanks 🙏

$MRDIY(5296.MY)$
The new store helped earn 145 million dollars in the first quarter, and Mr. DIY paid 1 cent per share in dividends
Thanks to the opening of 173 new stores, Mr. DIY (MRDIY, 5296, motherboard consumer stock)'s net profit for the first quarter of fiscal year 2024 rose 13.39% year over year to RM144.882,000, while also paying 1 cent per share.
For the first quarter of the 2024 fiscal year ending at the end of March, revenue was reported at RM1,143,501,000, up 9.24% year over year.
According to the statement, the increase in revenue was mainly due to the addition of new stores. As of the first quarter of fiscal year 2024, the number of stores had increased by 15.4%, from 1125 to 1,298.
However, the increase in new stores also led to a year-on-year increase of 17.5% and 13.8% in management and other operating expenses. In the future, these management expenses will also increase at the same time as the Group's expansion.
CEO Wang Cuiren said that although it is still facing inflationary pressure, the company is concerned that this will pose a challenge to many households, so it is committed to keeping daily necessities at low prices.
Despite this, Wang Cuiren is confident about his future prospects and performed well in the first quarter of 2024. He believes this trend will continue throughout 2024.
The company plans to add 180 stores this year and break the target of 2,000 stores by 2028.”
As for the dividend exclusion date and payment date, they fall on May 30 and June 21, respectively.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$
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Malaysia's stock market capitalization broke 2 megabytes for the first time, and the Malaysian Stock Exchange could rise to RM8.20
Malaysian stocks historically surpassed RM2 trillion in total market capitalization yesterday. MIDF research continues to be optimistic about the Malaysian Exchange $BURSA(1818.MY)$ Looking ahead, the target price of RM8.20 and the “buy” rating will be maintained.
Inspired by news that the Malaysian stock market value reached a record high, the Malaysian Stock Exchange's stock price soared today. It once rose 21 cents, or 2.70%, to RM7.94 in early trading.
MIDF research analysts pointed out that as of May 7, the average daily turnover of Malaysian stocks from the beginning of the year to date reached 4.09 billion shares, up 28.7% year-on-year, a new high after 2021.
In 2020 and 2021, the average daily trading volume of Malaysian stocks reached 7.32 billion shares and 5.71 billion shares, respectively, due to a sharp increase in retail trading participation during the global lockdown caused by the pandemic.
Analysts are optimistic that Malaysia's historic breakthrough in market capitalization will bring better profit performance to the Malaysian Stock Exchange.
Read the full article:Malaysia's stock market capitalization broke 2 megabytes for the first time, and the Malaysian Stock Exchange could rise to RM8.20
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...