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2023-06-19 12:00 | Report Abuse
Breaking news: Local analysts warn of retailers avoid glove stocks as Topglove delivered important indicator glove market still in loss making environment although with recent months of ASP increased.
2023-06-19 12:00 | Report Abuse
Breaking news: Local analysts warn of retailers avoid glove stocks as Topglove delivered important indicator glove market still in loss making environment although with recent months of ASP increased.
2023-06-19 09:41 | Report Abuse
Breaking news: Foreign funds request Topglove to slim down from previous over build up capacity by closing down unproductive and unprofitable plant and one time impairment to restore the lean market position.
2023-06-19 07:44 | Report Abuse
Breaking news: Local analysts strong sell call for Topglove with target price 0.60. Recommend sell Topglove, and buy in Harta and Kossan with current lean manufacturing and strong cash flow.
2023-06-16 14:45 | Report Abuse
Short kaki laugh to the bank
2023-06-16 14:38 | Report Abuse
Warning given:
Endgame
Unleased breaking news: Topglove widen loss pul into financial unhealthy position resulted an intensive company cost restructuring. Retailers stay away, short is highly welcome.
2023-06-16 07:12 | Report Abuse
Unleased breaking news: Topglove widen loss pul into financial unhealthy position resulted an intensive company cost restructuring. Retailers stay away, short is highly welcome.
2023-06-15 15:08 | Report Abuse
Breaking news: Local fund manager will take aggressive short position in Topglove, Harta and Kossan this Friday. Retailers better stay aside.
2023-06-15 15:07 | Report Abuse
Breaking news: Local fund manager will take aggressive short position in Topglove, Harta and Kossan this Friday. Retailers better stay aside.
2023-06-14 11:35 | Report Abuse
Bolat already, come back next time after finish consolidation which is take months
2023-06-12 18:55 | Report Abuse
Breaking news: Local institutional funds continue short Harta, Topglove and Kossan. Warning to retailers for long and hold positions.
2023-06-02 14:44 | Report Abuse
Breaking news: Foreign funds aggressively buy in
2023-05-31 13:22 | Report Abuse
Breaking news: Local funds trying to short Harta, nevertheless foreign funds is buying in!
2023-05-26 09:46 | Report Abuse
Breaking news: Foreign funds buy in Harta in recent price weakness
2023-05-24 21:42 | Report Abuse
Breaking news; Local analysts call for profit taking for Harta and Kossan after recent surge of the price which provide an attractive margin. The sell call mainly due to glove business market still in price and inventory pressured and uncertainty of demand condition.
2023-05-24 13:49 | Report Abuse
Breaking news; Local analysts call for profit taking for Harta and Kossan after recent surge of the price which provide an attractive margin. The sell call mainly due to glove business market still in price and inventory pressured and uncertainty of demand condition.
2023-05-17 17:07 | Report Abuse
Is that Japanese guy already leave forum?
2023-05-09 16:18 | Report Abuse
Breaking news: Retailers after throw the stocks yesterday now rushing back to buy!
2023-05-09 16:16 | Report Abuse
See my breaking news then won't miss
2023-05-09 14:36 | Report Abuse
Retailers kena con again to throw their stock
2023-05-08 19:41 | Report Abuse
Also, supposed to to this restructuring in last year as highlighted by foreign major investors
2023-05-08 19:39 | Report Abuse
Breaking news: Major foreign funds favor to the Harta decision of restructuring to improve production efficiency and cost effectiveness.
2023-05-05 16:57 | Report Abuse
Breaking news: Foreign funds continue acquired more Kossan shares today from the open market
2023-05-02 11:42 | Report Abuse
Breaking news: Local investment fund calling strong sell with target price 0.85 based on weak ASP and business loss in 2023
2023-04-28 17:17 | Report Abuse
Breaking news: Foreign fund's optimistic with Kossan the remaining QR performance as Kossan is preferred supplier in term of quality. Kossan never compete in low price segment like Topglove. With current price depressed, analysts commented the foreign fund took opportunities for accumulation.
2023-04-28 16:01 | Report Abuse
Breaking news: Foreign fund buy in Kossan in favor of turnaround in next half year, strong cash flow and preferred glove suppliers in global presense.
2023-04-27 21:46 | Report Abuse
Breaking news: Kossan made a Q1 2023 huge loss RM 24 million. Analysts expected a gap down tomorrow as the investors disappointed the bigger loss resulted.
2023-04-02 16:33 | Report Abuse
Breaking news: Institutional funds increased large portion of short position to Topglove.
2023-04-01 21:04 | Report Abuse
Breaking news: Topglove factory fire incident resulted current glove supply to market shortage.
2023-03-28 21:32 | Report Abuse
Breaking news: China major glove supplier increased the ASP by another 10% due to the inflated cost from labor cost and energy cost.
2023-03-27 18:06 | Report Abuse
Look like media news to assist local institutional funds short position
2023-03-27 18:05 | Report Abuse
Breaking news: Local analysts warn investors to buy Kossan and Topglove due to the rising of cost. Call for sell with Kossan 0.95 target and topglove 0.54.
Strong sell!!!!
2023-03-23 16:55 | Report Abuse
Breaking news: Pohuat to reward long term shareholders in term of bonus issue and special dividend in appreciation of the support
2023-03-23 11:06 | Report Abuse
Poh Huat management start the recruitment after improving order after headcount recruitment freeze after nearly half year. This is align with the improve order.
2023-03-23 11:02 | Report Abuse
Breaking news: Poh Huat Vietnam plant has started increasing capacity to meet resume increase order from United Stated after half year of low utilisation.
2023-03-21 19:57 | Report Abuse
Breaking news: Bull Riding with glove stocks
2023-03-18 22:12 | Report Abuse
Breaking news: Foreign funds buying more Kossan from the short position local institutions. The outcome is local institutional funds suffered the loss from unexpected foreign funds buy in
2023-03-17 19:18 | Report Abuse
Breaking news: Local institution funds warn of long trading of glove stocks as the major business environment still not able to make profit despite the recent ASP increase. Take profit
2023-03-17 19:17 | Report Abuse
Breaking news: Local institution funds warn of long trading of glove stocks as the major business environment still not able to make profit despite the recent ASP increase. Take profit
2023-03-16 17:09 | Report Abuse
Breaking news: Japan big institutions fund buy in Harta, local institutional funds continued short position
2023-03-09 08:23 | Report Abuse
Breaking news: Based on foreign funds. Inflow, Kossan, Harta and Supermx are the preferred choice for the portfolio remap strategy
2023-03-08 21:04 | Report Abuse
Breaking boring and repetitive news: KUALA LUMPUR: Kenanga Research expects the operating environment for the glove sector to remain challenging in subsequent quarters, plagued by massive oversupply, reluctance of customers to commit to sizable orders and hold substantial stocks.
The firm said the Malaysian Rubber Glove Manufacturers Association (Margma) had projected a 12 per cent-15 per cent growth in the global demand for rubber glove annually from 2023.
The association also believed that the supply-demand equilibrium might return in six to nine months.
"However, we beg to differ, expecting the overcapacity situation to persist at least over the next two years.
"Based on our estimates, the demand-supply situation will only start to head towards equilibrium in 2025 when there is virtually no more new capacity coming onstream while the global demand for gloves continues to rise by 15 per cent per annum underpinned by rising hygiene awareness.
"Still, capacity is seen to expand further in 2023," Kenanga state in a note.
It projected the demand for gloves to rise by 15 per cent in 2023, which was consistent with Margma's forecast.
However, this will do little to ease the overcapacity situation as the global glove production capacity will grow another 16 per cent to 595 billion pieces during the year, as more capacity planned by incumbent and new players during the pandemic years - enticed by super-fat margins that had evaporated - finally come on-line.
This will result in the excess capacity rising by 22 per cent to 137 billion pieces from 112 billion pieces in 2022.
"The expanded overcapacity means low prices and depressed plant utilisation will likely persist in 2023.
"Not helping the already dire situation is the reluctance of customers to commit to sizable orders and hold substantial stocks on expectations of further decline in prices," it said.
Kenanga Research's 2023 forecasts assumes an average selling price (ASP) of US$20 per 1,000 piece, translating to an estimated 10 per cent decline over 2022.
It also estimated an average plant utilisation of 50 per cent versus an estimated 60 per cent in 2022.
"During the 2014/2015 downturn, ASP of nitrile gloves went as low as US$17/US$18 per 1,000 pieces while industry utilisation was at around 65 per cent-70 per cent.
"We advocate investors to avoid the sector for now, and not have any top pick for the sector," it added.
Kenanga Research gathered that some players were hopeful that the rate of decline in ASP is slowing, while others believe selling prices had bottomed.
Hopeful that selling prices have bottomed out, certain players will attempt to raise prices starting from March 2023 by an average of five per cent from ASP US$19-US$21 to US$20-US$22.
"We are uncertain if this is viable as we gathered from sources that Chinese players are still undercutting by selling as low as US$14-16 per 1,000 pieces."
The firm maintained an "Underweight" call on the sector.
2023-03-06 12:54 | Report Abuse
Breaking news: China glove maker start to increase ASP in March at average 10% to compensate the raising of labor and energy, and as well earth anti pollution cost. With this increase expected global ASP price worst time is over.
2023-03-03 20:04 | Report Abuse
Breaking news: Foreign funds continue acquired Kossan despite local institutional funds maintained increasing short position in Kossan with expectations coming QR will incur a bigger loss.
2023-03-03 12:41 | Report Abuse
Breaking news: Local institutions funds still continue increasing the short position. Warn retailers to better avoid long position.
2023-03-02 11:29 | Report Abuse
Breaking news: Glove industry worst time is over, recovery in progress. Supply decreased after many of small manufacturers exit market due to unprofitable business and cost ineffective.
2023-03-02 10:22 | Report Abuse
Breaking news: Local institutions funds increased short position for Harta
2023-02-23 17:04 | Report Abuse
Breaking news: Local institutions funds continue short Kossan with the expectation Kossan will not able to recover the business within this year due to prolonged low ASP
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-06-19 14:49 | Report Abuse
Breaking news: To improve cash flow and reduce interest burden liabilities, Topglove in discussion potential buyers to sell the unused factory.