@Albukhary that's why the price is pushed back up, coz sharks need to sell higher

US will increase tariffs on rubber medical and surgical gloves from *7.5% to 25.0% by 2026* , putting pressure on Chinese glovemakers. This move is expected to bolster demand towards Malaysia’s glovemakers. We anticipate global glove demand to reach *405bn pieces by 2026E* (c.324bn pieces for medical and surgical gloves). Malaysian glovemakers are expected to supply around 206bn pieces, representing c.51% of the total global supply by 2026E. Meanwhile, Chinese glovemakers are anticipated to supply c.35-40% of the total global supply, producing 141-161bn pieces. The US tariff imposition is expected to aid Malaysia's glovemakers in increasing their global market share, currently estimated at c.40-45%, compared to pre-pandemic levels of c.60-65%.

This could benefit companies like Hartalega, which serves c.80% of its sales to the healthcare sector, primarily in medical and surgical gloves. Similarly, Top Glove, with c.80-85% of its total capacity in medical gloves and 5% in surgical gloves. We maintain a BUY rating for *Hartalega (BUY;TP:RM3.35) and Kossan (BUY;TP:RM2.35)* due to their strong positioning, while recommending a Sell rating on Top Glove (SELL;TP:RM0.60) due to near-term earnings uncertainty related to less efficient cost structures.

@KimSua coincidentally, Intco plunged heavily yesterday.

I wonder why ppl compared YLTP with Nvidia :D You can't compare yourself with Apple if you bought an Iphone right? :D

Jangan gaduh gaduh. No matter what, there is only one direction for gloves -> Up Up Up

Sales Volume Up + ASP Up = ?

Get ready for RM1 this week!

@TaiMeiLi Thanks for your link for AmInvestResearch on glove!

@jackson1688888 I guess it's better to value PBA with how much dividend they are paying out. If they can pay out half of their earning (15sen per share), it should be able to command a PE higher than 10.

I seen PBA revenue was quite stagnant from 2015 to 2022 (~330M). PBA wasn't allowed to raise tariff for that 7 years? Now new ruling allows them to raise tariff every 3 years?

May I know why profit for latest QR is just RM14M, but the tax is RM26M?
Also profit the the year is RM68M, but the tax is RM34M?

Do you think they will sell low for you to buy? :D

One impairment all naik car

YTLP earning seems like has peaked...Good luck guys.

After giving up glove business last quarter, their performance improved immediately.

Ada positive PE means cannot be 5 quarters operating loss? You need more accounting knowledge bro.

For the past 5 consecutive quarters, Intco has been making operating loss. This is the fact. https://www.tradingview.com/symbols/SZSE-300677/financials-income-statement/

Many has thought that China glove makers are doing very well, but in fact if you study their largest glove producer, Intco's financial result, you can see that even they themselves are barely making any profits although at a very high utilisation rate. This is because they are trying to suppress the opponent with cutting throat price and trying to win the market share this way. Therefore, now we are seeing who are the more efficient glove maker with good cost control. Sooner or later, ASP has to go up or else Intco themselves can continue to eat wind.

Intco, the largest glove producer in China, barely making any profit with such pricing. Bluesail is even worse and is making losses. Let's see how long they can depress the market with such move.

Everybody knows that China is 'throwing' price since 2 years back. You still need Supermax to tell you?

Intco has been registering 5 consecutive operating loss even though having almost 100% utilisation rate. Harta is doing way better than them even though utlisation rate is below 50%. Therefore, once Intco wanted to have a better earning, ASP will have to go up and with that, Harta will do even better. So be patient guys.

Based on the analyst briefing, 0.6b gloves shipping was delayed in the latest quarter. Barring this shipping delay, total sales volume would be 5.1b. This means sales volume has been going up for the past 3 quarters (4.3/4.6/5.1). With the rising demand and better cost control, worst is already over. Once ASP starts to rise, we will see huge EPS rise in coming quarters.

Buy and hold till next CNY, then you get a super big angpow

Try to read the past few quarterly reports, you will notice Harta has never been so upbeat towards the upcoming months.

In what situation will you increase your capacity and resources? This will give you a clue what is going to happen in the next 6-12 months.

"Recent demand has shown signs
of improvement and is expected to normalise in the near future. In anticipation of improved
demand, the group is gearing up its capacity and resources. "

It's not the cars that are having problem, just the test not done according to standard. So I think Perodua business will continue as usual.

The big 3 glove companies all shown that worst is over with improving sales volume and revenue. This is most important because buying now has limited downside but offering huge upside.

Sales Volume Up, revenue up, projection also up. So share price go which way? ☺️

Any idea when TG will announce their QR?

Bombastic QR 😍

Anyone received their dividends? Payment date supposed on 13 Sep but today still haven't received.

With 5G now under DNB, it's a totally different playing field for YES.

I think YES has high potential due to implementation of 5g by DNB. The playing field has become more open not like last time. In fact, YES has very good offer for home 5G internet and pre/postpaid line for mobile too.

Just switched my line to Yes 5g after trying it out for few weeks. Their plan is very competitive, see if they can capture more market.

profit taking so well absorbed. :D

Congrats to all YTLP holders, again :D

@Dragon338, thanks for your analysis all this while and enabled many ytl/ytlp investors to benefit greatly from it. Wish you well in everything ❤️🙏

15 sen dividend onwards, that's very very 😍😍😍 The stock worth at least RM2.5 based on a 6% yield.

When we find a person who don't speak sense more than 3 times, we can skip reading what they post then onwards. Save our time and energy :)

Congrats to all YTL and YTLP shareholders :)

Congrats to all YTLP holders :)

In investing, the only question we need to answer is whether the company can continue to make more money and pay more dividend in the future. The rest are just noise.

https://www.theedgesingapore.com/capital/brokers-calls/analysts-optimistic-sembcorp-industries-all-keep-buy-raised-target-prices

https://theedgemalaysia.com/node/674058

https://theedgemalaysia.com/node/674058

@dragon328,
Do you mind to share why YTLPower profit dropped so much since 2017? YTLP had been earning RM1B yearly before 2017 but dropped almost 40-50% ever since. I am not very familiar with its history.

Thanks @dragon328, your info is indeed very useful. Have a great weekend ahead!

Thanks @dragon328. Why do you take 75% as the gauge?

@dragon328,
What is this 3,300 GWh comes from ya?

Sembcorp after dropping 9% yesterday, it already recovered more than half (up 4.47%) as of now. YTLPower has lesser impact than Sembcorp, so the price recovery can be even greater.