Demand from glove is going up.

Revenue up 27.5% from previous quarter.
Revenue up 24% from previous corresponding quarter
THat's what I like.

I'm not too worry about the Gaza stand. Their people are protesting like hell against Israel.

Oh... hospitalization rate increase. Something to look into.

stncws

https://www.chinapress.com.my/?p=3936851

Kossan already above pre pandemic level. Harta will also reach there.
How is your IWCity? Hahahaa

NatsukoMishima

Tin kosong come bursa to find multibagger stocks for every malaysian to earn money not for own untie run away pathway !🤣🤣🤣🤣
Malaysia glove will never back to pte pandemic level , wake up all , look for other better opportunities !

IT did not increase hospitalization though. Maybe the symptoms not so serious. I think the covid case is not so relevant for glove now. Just focus on China-US rivalry.

Tin kosong makes the most noise 😂🤣😂

NatsukoMishima

US will imposed same tariff on malaysia glove also , becareful !

THx u

KimSua

https://www.bursamalaysia.com/market_information/market_statistic/securities

@KimSua ... May I know where you check the short data?

Yeah ... agree Albukhary. China glove companies may even have impairment losses like Harta and Kossan ...😂

Some comment I post in Harta forum I share it here.

From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.

Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.

All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.

At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.

I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.

From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.

Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.

All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.

At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.

I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.

@Albukhary Good information. Thx you

How is your Iskandar Waterfront? Leaking? 😂

Sweetchocalates

Tg supermx harta have rebounded. What is kossan doning??? LOL

These naysayers been shouting doom since Harta was 1.50 ... Today Harta is 3.55. Their reasons ... China.
US negative sentiment on China is the reason for tariff. US has no such policy with Malaysia. They miss the boat now they cursing the boat ... hahaha.

Yeah. TS Lim Kuang Sia cannot control the market price. He see huge gap up. He sells.
Characteristic of a day trader.


5354_

TS Lim Kuang Sia RM 1+ also disposed so he not everytime sure right?

TS Lim Kuang Sia got 70,238,904 Kossan shares (Not including privately owned share in Kossan Sdn Bhd).
Yesterday, he sold 4mill shares is 5.6% of his porfolio. If include shares in Kossan Sdn Bhd, it is probably less than 1%.
Say he sold at Rm2.75 x 4 mill = Rm11 million.

Like I said Lim Kuang Sia damn pariah ceo. Do day trading on his own company. 70 years old already. Maybe want to enjoy his life before kick the bucket. 😂😂😂

Yesterday's shoot up is just a taste to come. Trump election win (if he wins) gonna be spectacular for gloves.
I'm still holding. Whether it's Democrats or Republican, US sentiment on China is negative. My bet is on that sentiment. As far as I know, Kossan & Harta are the only companies that weren't banned by US at port entry during covid for ESG violation. Kossan is working towards Harta setup with automation and efficiency. Rm2b in cash allows them to upgrade. All these naysayers are day traders. Background noise like mosquitos. LoL

Yesterday's shoot up is just a taste to come. Trump election win (if he wins) gonna be spectacular for gloves.
I'm still holding. Whether it's Democrats or Republican, US sentiment on China is negative. My bet is on that sentiment. All these naysayers are day traders. Background noise like mosquitos. LoL

Aiyah ... It's all so obvious. US wanna cari pasal with China la. Nancy Pelosi visit to start war with China but Emperor Xi is too smart for her. If Trump wins this election, expect higher tariff.

But I'm still invested. Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

TAN SRI DATO' LIM KUANG SIA dispose ... that's why institution investors dislike Kossan.
CEO himself dump own share when sentiment is good. Damn pariah one this fella.

Good luck KimSua. Thx for playing.

Still ... Kossan is abt 35% above pre-covid value.
Harta is 25% BELOW pre-covid value. ... Actually Kossan is the only glove company way above pre-covid value.
This "useless" company is better than Harta. LoL

Sweetchocalates

As typical, most useless glove stock among the big players. Laggard like in 2020 lol

Oh and Kossan already started giving dividend compare to Harta.

Kossan up slower than the rest. Market is still trading on old mindset (basically pre-Covid). Kossan has almost zero debt and Rm2bill in cash. Utilization rate can easily filled up for higher demands. And their cash position can easily finance for expansion or production improvement (automation). We will see their Q1 2024 result and subsequently Q2.

Thx you KimSua. Good read.

COVID is over. I believe USTR will not extend the tariff exclusion beyond May 2024.

KimSua

Operations in HARTA and Topglove ramping up more lines relentlessly for last 3 months. What do you think is happening. US is preparing to diverse suppliers and reduce exposure to China as the tariff exclusion clause 301 most likely to end by May.

Got a feeling Kossan wants Harta to release their results first. What do you guy think?
Before covid, Kossan usually release around 25 May.

You can check in 'Simply W@ll Street' (Google it). It shows in "Ownership" section.
(Replace @ with 'a' ..... I don't know why forum disallow posting my comment.

TeoYeo
I saw someone saying that Kenanga further increased its stake in kosaan, I don’t know if it’s true or not.

Yup he is back. Kossan from Rm1 to Rm2.30 .. He keep bad mouthing Kossan. And Kossan keep going up.
Miss the boat? 😂😂😂🤣😂😂🤣😂🤣

Wahlau... why so late the Q1 result? ... sigh

Hopefully, taking so long ... sigh

KimSua

The qtrly by today?

KENANGA wrote a NEGATIVE review on glove and yet increase their stake in Kossan by 75.6%.
Never trust opinions on these institutional analysts. They have their own agenda.

US GDP Q1 24 is lower. IF Kossan can show good financial result Q1, we can see a rotation play that's favourable to Kossan.

Tomorrow Kossan release Q1 ... usually after office hour. Dam sien ... But result hopefully very good. No more impairment.

Kossan Sdn Bhd is in those deals. Not Kossan BHd. So has nothing to do with us.

Kossan released 2023 annual report today. Q1 24 report shld be out 2 days later ... on Friday.

Shouldn't Kossan be releasing their Q1 result by now?

Totally agree. The price would had been higher now.

Deekay
Bcos they have in excess of 70sen a share at least in cash in their books and with no new opportunity for expansion. They should have do this earlier by giving more back to the shareholders.

Moving up for dividend. Be careful after ex-date.

Fair value is Rm3. Base on same outstanding shares.

Kenanga said glove in underweight but support buy on the WORST of glove company... Supermax.
To me Supermax is worst bcoz the operate manufacturing in US. Highest labour cost for such low price product.

Best Buy 10127
Best Sell 1363

Buy is almost 10x more than Sell. Lets it see go up.

EPF is buying even AFTER ex-date for dividend is promising.

I hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24.

Best Buy 20638
Best Sell 6840

Buy bid is 3 times Sell. EPF and ARBN is buying for sure.

👍👍👍

xiaoeh

Good comments sharing Chipee