Posted by Chipee > 2024-09-13 18:57 | Report Abuse

USTR increase tariff on glove and facemask from 25% to 50% at delayed date (Didn't mention exactly when). Facemask was supposed to be in 2024 and glove 2026. So when? 2025?

https://www.reuters.com/business/us-locks-steep-china-tariff-hikes-many-start-sept-27-2024-09-13/

Posted by KimSua > 2024-09-13 21:53 | Report Abuse

Chipee here is the link https://ustr.gov/sites/default/files/05.14.2024%20Four%20Year%20Review%20of%20China%20Tech%20Transfer%20Section%20301%20(Final).pdf

Posted by Chipee > 2024-09-13 21:55 | Report Abuse

GOOD NEWS GUYS!!!

"Considering the public comments, the specific direction of the President to increase
tariffs on medical gloves no less than 25 percent in 2026, and the advice of the Section 301
Committee, particularly agencies involved in U.S. medical preparedness, the U.S. Trade
Representative has determined to increase the rate of additional duties on medical gloves to
50 percent in 2025 and to 100 percent in 2026."

https://ustr.gov/sites/default/files/Section%20301%20Modifications%20Determination%20FRN%20(Sept%2012%202024)%20(FINAL).pdf

Posted by xiaoeh > 2024-09-13 22:49 | Report Abuse

Posted by Chipee > 49 minutes ago | Report Abuse

GOOD NEWS GUYS!!!

"Considering the public comments, the specific direction of the President to increase
tariffs on medical gloves no less than 25 percent in 2026, and the advice of the Section 301
Committee, particularly agencies involved in U.S. medical preparedness, the U.S. Trade
Representative has determined to increase the rate of additional duties on medical gloves to
50 percent in 2025 and to 100 percent in 2026."

https://ustr.gov/sites/default/files/Section%20301%20Modifications%20Determination%20FRN%20(Sept%2012%202024)%20(FINAL).pdf

good news....?
to settle this tariffs things...
China is eagerly setting up its glove manufacturing plants as many as possible in southeast Asia and sell it to the WORLD...
Likewise China is eagerly setting up its EV manufacturing plants or co-operate with southeast Asia auto makers and export it to the WORLD...

Posted by xiaoeh > 2024-09-13 22:53 | Report Abuse

by the time 2026
most of the manufacturing plants should have been built up
by the time if US China trade war still not resolve...
US might impose tariffs to the countries that related to China manufacturers e.g. Malaysia one of those countries..

just my imagination
don't take it too serious...😂

Posted by Chipee > 2024-09-13 22:59 | Report Abuse

Xiaoeh ... 50% tariff is in 2025, 100% in 2026 ... 3 months to 2025. So lets see how fast they build their factory.
And I'm pretty sure our glove companies are not related to China manufacturers.

Not my imagination.
Take it seriously. .. 😉

Posted by xiaoeh > 2024-09-13 23:01 | Report Abuse

😂

Posted by Patron > 2024-09-14 20:59 | Report Abuse

Gloves Sector Flash Update (UOBKH)

USTR Raised China Surgical Gloves Tariffs to 50-100%

In a 105-pages official announcement just released, the Office of the United States Trade Representative (USTR) announced final modifications on the statutory review of earlier tariff actions on China.

This is an update from earlier proposed modifications announced in May 2024.

Key updates are on: new timing and tariffs rates on face masks, medical gloves, needles, and syringes. Also includes: i) a proposal regarding coverage of additional tungsten, wafers, and polysilicon tariff lines; ii) an exclusion for ship-to-shore cranes ordered prior to May 2024; iii) an expansion of the scope of the machinery exclusions process; iv) and modification of the coverage of proposed exclusions for solar manufacturing equipment.

To recall back in May, US increases higher tariff of 25% (from current 7.5%) on China’s rubber medical and surgical gloves’ exports beginning 2026.

The tariffs on China medical gloves are now raised to 50% in 2025, and 100% in 2026. Refer to page 18-19 of the under medical gloves segment, “The U.S. Trade Representative has determined to increase the rate of additional duties on medical gloves to 50 percent in 2025 and to 100 percent in 2026.”

This higher tariffs were not entirely a surprise, as we’ve been taking a leap of faith and highlighted possibilities of further detrimental policies towards China’s exports. Our contrarian OVERWEIGHT rating on the Malaysian glove sector were also largely premised on such potential scenario.

This steep tariff hike modification on China gloves undoubtedly solidify Malaysian glove industry’s market leader position and allays earlier concerns on market share losses due to stiff competition.

We expect share prices of Malaysian and Singapore glove stocks to strongly react towards this newsflow._

Maintain BUY on Harta (RM2.42/TP:RM3.66); Top Glove (RM0.915/TP:RM1.45) and Kossan (RM1.83/TP:RM2.42).

Next meaningful sector event will be Top Glove’s 4QFY24 results releasing on 10th October.

Posted by NatsukoMishima > 2024-09-16 09:54 | Report Abuse

Worst case if china glove set up factory in cambodia , vietnam , thailand then maybe the ASP will maintain at low level also !

Posted by Chipee > 2024-09-16 14:28 | Report Abuse

Nut-suko mata merah ... 😂😂😂

Posted by Chipee > 2024-09-16 14:30 | Report Abuse

US will impose tariff on China manufacturer whereever their factory is.
Google it

The US has announced new rules targeting firms from China and other countries that are routing shipments of steel and aluminium through Mexico to try to evade tariffs. The White House said firms shipping via Mexico must now prove the origins of their products if they want to avoid the border taxes.

Posted by Michael Lee > 2024-09-16 21:17 | Report Abuse

Malaysia Gloves Sector
Christmas comes earlier
Aboost to Malaysia glove makers competitiveness
We are pleasantly surprised by US' final USTR modifications on China
tariffs, which will raise tariffs on China-made medical and surgicat gloves
to 50% by 2025 and 100% by 2026 - well above the 25% proposed in May
2024. This increase will make Malaysia gloves relatively cheaper, boosting
their competitiveness in the US market. We maintain tactical POSITIVE on
the glove sector and expect earnings recovery in the next 12-15 months,
before additional capacity from China's overseas expansion picks up in
2026. Our top BUYs are HART and KRI. We U/G TOPG to a tactical BUY.



An unexpected positive development

We expect this latest development to make Malaysia gloves more
attractive in the US market. This market has been important for Malaysia
glove makers (TOPG: 15% of sales, HART: 50%), which have been losing market share to their Chinese counterparts since 2021 due to intense price
competition. While there is a risk that China glove makers may shift their
focus to the European market (TOPG: 35% of sales, HART: 25%), we believe Malaysia glove makers could offset the loss of their market share in Europe
with stronger sales in the US.

Posted by James_Bond > 2024-09-17 09:08 | Report Abuse

FIFO… Sold… thanks for the profits! Haha!

Posted by 8u29song > 2024-09-17 09:15 | Report Abuse

wooow....HAPPY MOON FESTIVAL

Posted by SALAM > 2024-09-17 09:24 | Report Abuse

cabut dahulu . Jumpa lagi 2025

Posted by bullrun168 > 2024-09-17 09:24 | Report Abuse

Walaoeh, what happend ?
Super damn hot man Harta today !
Now Harta was traded at @RM3.14 (+0.72) (+29.8 %)
Heng ah, Ong ah, Huat ah !

Posted by James_Bond > 2024-09-17 09:49 | Report Abuse

Sold at 3.12-3.13… haha… thanks!

Posted by James_Bond > 2024-09-17 09:51 | Report Abuse

Many Gurus came out and shouted on Glove stocks! Happy Mooncake festival!

Posted by James_Bond > 2024-09-17 10:08 | Report Abuse

Shockingly huge volume for glove shares today!

Posted by yus7888 > 2024-09-17 10:24 | Report Abuse

wondering why only HARTA limit up,? How about other 3 Big Player (Kossan, Supermx, Topglov)?

Posted by kk7198 > 2024-09-17 10:24 | Report Abuse

Foreign Funds buying? Harta looks very strong today.Kenanga TP RM3.20

Posted by kk7198 > 2024-09-17 10:26 | Report Abuse

https://acrobat.adobe.com/id/urn:aaid:sc:AP:2c52552d-83cd-4370-b586-04ef64354d37

Posted by kk7198 > 2024-09-17 10:28 | Report Abuse

Harta's Kuan is less hanky panky.

Posted by James_Bond > 2024-09-17 10:46 | Report Abuse

Back to my selling price… all investors who scooped this morning are safe and sound…

Posted by kk7198 > 2024-09-17 11:08 | Report Abuse

One bought helicopter and another SBB at RM8.00.Just simply whacked the company cash.

Posted by Eagle77 > 2024-09-17 11:14 | Report Abuse

Profit taking soon ⬇️⬇️⬇️🩸🩸🩸

Posted by Eagle77 > 2024-09-17 11:15 | Report Abuse

Bo chow ciiii ⬇️⬇️⬇️🩸🩸🩸

Posted by Eagle77 > 2024-09-17 11:33 | Report Abuse

Tomorrow LD ⬇️🩸

Posted by titan3322 > 2024-09-17 11:37 | Report Abuse

Take this opportunity to sell this is a very good price d. HLIB must be holding lots of stocks rising the TP don't fall into 🪤 trap 🤣🤣

Posted by titan3322 > 2024-09-17 11:44 | Report Abuse

Tomorrow shorties will be back from holidays you don't believe see tomorrow price still can go up or not 😄😄

Posted by klee > 2024-09-17 12:51 | Report Abuse

lil boys think 100% tariff increase is a small issue ya...boys will be boys lol

Posted by klee > 2024-09-17 12:51 | Report Abuse

go play with ur soft toys ya wakaka

Posted by NatsukoMishima > 2024-09-17 13:01 | Report Abuse

Wow very cheap glove stock all in must chase !🤣🤣🤣🤣🤣

Posted by cchcch > 2024-09-17 13:12 | Report Abuse

happy holidays with the durian runtuh. Time to look for musang king hehe

Posted by klee > 2024-09-17 13:23 | Report Abuse

natsuko ady bankrupted by ytl,ytlp n ranhill,now can only watch....lol

Posted by NatsukoMishima > 2024-09-17 13:57 | Report Abuse

Enjoy another round cut vege feast !

Posted by klee > 2024-09-17 14:03 | Report Abuse

cut vege or not still dunno,but the fact is u nutsuku has been harvested multiple times by francis yeoh gang...big congrats!

Posted by izoklse > 2024-09-17 14:11 | Report Abuse

Harta LU already. Cannot up. The best option is Top Glove and Kossan. TG exposure to US market huge. Hence beneficiary of US Tariff to China is TG.

Posted by crackyoo > 2024-09-17 14:35 | Report Abuse

Limit up limit up, next counter to go up outside of gloves counter are their proxy, FLEXI - one of the main supplier of glove manufacturing line

Posted by titan3322 > 2024-09-17 14:58 | Report Abuse

Chase the stock bcoz of 100 tariff hike imposed on Chinese product, do you not think the Chinese can reroute to export from other countries and still made in China ? Anything is possible you will be bankrupted by the IBs if you follow without thinking 🤔😄😄

Posted by Diego2020 > 2024-09-17 15:17 | Report Abuse

Unless there is another covid outbreak, this is just a pump-and-dump scheme. Monkeypox is just a hoax for the coming us election, glove demands won't surpass the 2020-2022 level ever.

Posted by cooledhawk123654 > 2024-09-17 15:35 | Report Abuse

3.14 well support....further go up tmr??

Posted by icecool > 2024-09-17 15:49 | Report Abuse

if tomorrow limit up again many will be laughing all the way to the bank.

Posted by James_Bond > 2024-09-17 15:58 | Report Abuse

Looks like it, ice cool! The huge volume explains all!

Posted by klee > 2024-09-17 16:02 | Report Abuse

boys will amdui though...

Posted by James_Bond > 2024-09-17 16:07 | Report Abuse

Congrats early birds who scooped Harta!

Posted by NatsukoMishima > 2024-09-17 16:09 | Report Abuse

Still dont want take profit , next week u will cry !

Posted by James_Bond > 2024-09-17 16:15 | Report Abuse

Just queue buy 100,000 shares at 3.14, see if can get it or not, try my luck.

Posted by James_Bond > 2024-09-17 16:16 | Report Abuse

You r 99% right if you go against Natsuko!

Posted by speakup > 2024-09-17 16:17 | Report Abuse

malaysia pox (mpox) is here! glove theme is back!