Will know by wed morning how much tariff will be impose for ppe from China. 10 to 25 percent

https://www.reuters.com/world/how-hard-will-new-biden-tariffs-hit-china-2024-05-13/

Supermax is has highest risk in the big four but if the news of the end of the tariff exclusion is true it will rise the most. I am staying away from supermax due to the red flag of their internal management (family transition) issues . But the opportunity is there.

Let's wait for KOSSAN and HARTA report first. I expect better news for next few weeks.
Good luck.

Chipee : yes this is what I predict. We will see if they will impose 25%, during Trump administration or at least 10%.

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.

Market volume is getting heated up for all big 4.

The qtrly by today?

Revenue should be above 500 mil, PAT slightly difficult as ASP is still low and input cost is rising. If will be great if can hit >2mil as margin has not significantly improve. Lets hope for the best !

KOSSAN report will be out. , to confirm glove story is back, HARTA next. US China tariff story by end may.

https://content.govdelivery.com/accounts/USDHSCBP/bulletins/3968292 shanghai safety products Include nitrile gloves. US has started the non tariff trade barrier and expect to see more of them. China bashing is back in the news

Hope to see KOSSAN good results follow by HARTA. Follow by US tariffs by Biden administration b4 end of may

https://www.hinrichfoundation.com/research/article/us-china/key-takeaways-from-yellen-china-visit/ for those who read
glove tariffs exclusion is on section 301, even though only EV is given as a visible example. Glove manufacturing association is lobbying as many new factories are left idle including Supermax Texas plant. I highly suspect Biden administration is ready to impose this based on how Janet Allen address the national medias. Lets see. Should know in May

US Janet Allen treasury sec has mention the china tariffs is on the table. US will not allow China strategic over capacity to undermined US company involve in key economy that involve national security mainly on green technology /high technology . Flooding US with artificially cheap products must stop. https://www.youtube.com/watch?v=7qNM65j4i30

Supermax factory in texas will be in trouble if China tariffs exclusion is prolong after end of may. Many US glove manufacturers are letting them idle.

Ya worst is over, more interest will come in .
News to watch :1) April - Kossan and Harta Qtrly report expected to be positive 2) May - US Tarriffs on China - high potential the exclusion to be remove for medical products . 3) June Top Glove qtrly. Good luck

New quarter, new analyst, getting brighter for glove sectors, As usual TG not a favorite. News to watch :1) April - Kossan and Harta Qtrly report expected to be positive 2) May - US Tarriffs on China - high potential the exclusion to be remove for medical products . 3) June Top Glove qtrly- D day

Shorted shares : Thurs 403K, Fri 900K, Mon 430K Tue : only 500 shares (Remnants) shorted yesterday. Total short selling from 0.73 to 0.75 last 4 trading days. Can still buy at 0.8 ~0.805

Less than 900k vol shorted yesterday. Back to 0.74 net short. Small volume of covering and shorts created much volatility. Wait for the optimistic analyst view and the cycle continues. Below 0.8 can buy lah

Ya, shortseller loves TG. Only at 0.74%. But at current buying support, they will find it hard to cover and next qtr, expect better news and risk vs return will not be worth it. Go long

Buy lah. Many good news to trigger a rally.1) May-Us China tariff review, high possibility to reinstate 25% tariff for medical products 2) April ~KOSSAN qtrly follow by HARTA. Supermax lifeline will be determined by the US operation loss/gain

net short position stable at 0.74 %for 18 and 19 march. Most likely a short covering rally. Have to observe todays short selling trend report tmrow. Resistance at 0.9 , i doubt will hold long.

Glove manufacturers is US will not survived if the 25% tariffs is not reinstated. I don't think they will continue with this exclusion made during the Covid 19 emergency. Supermx will be the main beneficiary and all big 4 will benefit if this is true. Let's see.

Another news to wait is the US tariff exclusion on gloves import from China. Which ends on may 31st. Biden should announce it end of April. America manufacturer association is lobbying to ensure to end the exclusion and impose back 25 % tariff since covid has long end. SUPERMX main beneficiary but will be positive for all top 4

If revenue can increase to 550-600mil. Expect mild lost /or even breakeven. With the cost optimisation drive, I won't be surprised if topglove can barely break even this qtr. Let's see

The market never expect too much from the qtrly already factor in what other big 4 has reported. Just no ridiculous write down or impairment. Other than that the market just expect less lost from last quarter.

US tariffs exclusion on Gloves imports from china will end on May 31st. I doubt they will extend this exclusion and impose back the25% tariffs. With trump in the presidency race, Biden will act tougher with China.
With US inflation under control and imports alternatives which will/can be well absorb and not pass down to consumers, high chacge on the import tariffs (especially covid19 category) to be reinstated. . Supermax will gain the most but overall glove industry will improve. Let's wait for the news.

US tariffs exclusion on Gloves imports from china will end on May 31st. I doubt they will extend this exclusion and impose back the25% tariffs. With trump in the presidency race, Biden will act tougher with China.
With US inflation under control and imports alternatives which will/can be well absorb and not pass down to consumers, high change on the import tariffs (especially covid19 category) to be reinstated. Let's wait for the news

With US inflation under control and imports alternatives which will/can be well absorb and not pass down to consumers, high change on the import tariffs (especially covid19 category) to be reinstated. Let's wait for the news

US tariffs exclusion on Gloves will end on May 31st. I doubt they will extend this exclusion and impose back the25% tariffs. With trump in the presidency race, Biden will act tougher with China.

Now time to wait

Usually a week b4 div x date. Trade with care

Net short position less than 0.10 percent. Tues short covering is high on Tues. Might see them active again.

Just buy nowlah.For those new to the glove sectors. Shorts warrior just doing their job. Cari Makan

Low volume downtrend, low risk vs return, other sectors are struggling to show revenue. Gloves has seen its low. 1 to2 qtrs is not a long wait. Trade with care

Let's see if topglove qtrly can provide the spark to rekindle the glove affairs. 2.37 to 2.4 or wait for a clear uptrend?

Just ask any neighbour working in HARTA production planning
Will know the forecast for next 3 qtrs.

i see the resistance at 2.37, so about right time , 2.25 buying pressue will be it too high. Lets see.

Ya bottom feeding can be scary sometimes :)

Nice candle today. See tmrow if the shorts has already done their duty.

Very low volume downtrend. Can collect slowly. Accumulation /distribution ratio flat even with down trend.

Time to slowly accumulate. The other sector that move early is not showing real sustainable profit in their qtrly. With glove cost efficiency drive the market now become more efficient then before. 3 to 6 month wait is not a concern. Utility. Travel oil n gas, telco all showing bad to so so results.

Fuel margin lost of 620 million. The person that hedge this should be sacked, hedge for 1 whole year. This is the only major mistake, earnings and ICPT is very predictable. Even the analyst did not see this coming 6 months of fuel hedging write down. 1 billion national revenue gone mainly to Indonesia for someone's prediction mistake

Auntie and Uncle , Shorty and Longty, is it time to accumulate?

88 Is a nice price. All glove companies reporting steady turnaround 2 qtrs, still early but expect PEG to continue to improve. Topglove qtrly will be the final confirmation. Still volatile but getting clearer.

Kossan report states the obviously consistent now, demand picking up ahead, gas price reduction impact in the coming qtrs. One time impairment cost else will be a great qtr.

Based on the IPI Q4 report we can see a 3% increase in electricity production, which roughly translate to 200-400 million in revenue, not knowing the breakdown. Revenue near 14 billion and with coal ASP stabilized and the coal hedging lost in the last qtr behind us, will be great if we can see a 1bil net profit again this qtr. Not knowing its tax deferment, impairment , but cash flow will be much better with consistent receivables payment, Q1 onwards new ICPT calculations will continue to improve its cashflow and see an uptick in Revenue and cashflow, but profit margin will depends on its input cost.

DEEKAY, I plan to average out. Usual trend is to rise up to qtrly report and stabilise. 12 to 14 will take some time. Might switch some to other industry. TNB is pretty predictable

Just buylah 0.88 cents good enoughlah

No worries if you plan to hold next 2 qtrs. Supermax is cost cannot beat Harta cost rationalision and people working there can tell you how prudent the company culture is. It is ramping very hard in the coming months. Good time to enter 2.50 -2.60