Top Glove MD says it has remediated five forced labour indicators https://www.malaymail.com/news/malaysia/2021/04/16/top-glove-md-says-it-has-remediated-five-forced-labour-indicators/1967026

This ban expands to TG subsidiary also. Previous ban only covers TG. Whats more worrying is other US allies follow suit with US ban, especially EU countries. US market accounts 25% of TopGlov's sales. Theyd be lying if they say they dont care.

KJ: Yes, we are working to add it to our portfolio. The single dose vaccines from J&J and CanSino will be useful for interior areas as well as documented/undocumented migrants who may not want to come out twice.

CANSINO-C1 trading halt. Pending announcement

PublicInvest Research has started coverage of the furniture sector, including Poh Huat, Homeritz and Wegmans, which would be a proxy to stronger US consumption.

For Homeritz, it has target price of 93 sen as it is one of the leading upholstered home furniture manufacturer in Malaysia, focusing on dining chairs, sofas and bed frames.

via The Star
https://www.thestar.com.my/business/business-news/2020/09/03/publicinvest-research-starts-coverage-of-furniture-makers#cxrecs_s

From hlb:

We expect the full impact of Covid-19 to be felt solely in 3Q19. From June onwards, we understand sales volumes have returned to pre-Covid-19 levels of 200+ containers per month. Going forward, US-China trade war will continue to result in US retailers and wholesalers increasing orders from countries outside of China. We expect Homeritz continue to benefit from this trend, as we note that sales to the US has increased from 4.5% of total FY19 sales to >12% currently. In terms of raw materials, Homeritz have guided that its supply chain has been relatively stable. Homeritz also mentioned it has been able to procure leather from India at a cheaper price.

HLG:

Maintain BUY, TP: RM0.72. After rolling over our valuation year to FY21 and adjusting for changes in earnings our TP falls from RM0.76 to RM0.72 pegged to an unchanged 10x PE multiple. We continue to like Homeritz due to healthy net cash per share per share of RM0.27