Posted by EatCoconutCanWin > 2024-07-31 15:47 | Report Abuse

Gloves impacted by new gloves from india. They switched from China to India now. Cheapest gloves compared to china n of course Malaysia.

Posted by KimSua > 2024-07-31 15:52 | Report Abuse

https://www.reuters.com/world/us-says-start-new-china-tariffs-will-be-delayed-by-least-two-weeks-2024-07-30/

Posted by KimSua > 2024-07-31 15:57 | Report Abuse

They might increase the tariff to 50 percent as medical industry provide positive comment on alternative supplier

Posted by Chipee > 2024-07-31 17:34 | Report Abuse

Yes. I saw USTR asking for public opinion on the tariff. They mentioned whether 25% or higher. Never mentioned lower tariff. Meaning to say 25% as the lowest tariff. They extend the review for 2 more weeks on the matter. We will know in 14 Aug.

KimSua

They might increase the tariff to 50 percent as medical industry provide positive comment on alternative supplier

Posted by Chipee > 2024-07-31 17:36 | Report Abuse

Anybody got in at good price? I bought some at 2.07. 2 more tranches to play with.

Chipee

Opportunity to collect. Set a budget. Divide into 3 tranches and buy. Set lowest possible buy price.

Posted by ChandranG > 2024-07-31 17:48 | Report Abuse

Let's join the forces of RHB 😁

https://klse.i3investor.com/web/pricetarget/research/72067

Posted by Chipee > 2024-07-31 18:09 | Report Abuse

From USTR's public opinion on the tariff, the hospital association said to have difficulty finding alternative to syringes suppliers outside China. I am hoping USTR will delay syringes tariffs and replace with gloves instead for this Aug. If what you said is true abt increase tariff to 50%, then it's even better.

KimSua

They might increase the tariff to 50 percent as medical industry provide positive comment on alternative supplier

Posted by Endgame > 2024-07-31 18:14 | Report Abuse

Investment bank analyst drama, kesian retailers...

Posted by Chipee > 2024-07-31 19:18 | Report Abuse

Nah where got kesian? I got top up Kossan.

Posted by Endgame > 2024-07-31 20:46 | Report Abuse

Why abrdn and epf keep selling, small quantities day by day? Anyone can explain their intentions?

Posted by Albukhary > 2024-07-31 20:55 | Report Abuse

I believe all these are robot trading.
They already preset the formula (trading strategy), and the robot system will trade on itself.
For example:- Automatic dispose XX lots to next asking price follow by 5 continuous selling transaction.

Posted by Chipee > 2024-07-31 21:32 | Report Abuse

It is just normal day trading activity I feel. Kossan price is attractive compare to other glove companies.

Endgame

Why abrdn and epf keep selling, small quantities day by day? Anyone can explain their intentions?

Posted by Endgame > 2024-08-01 12:21 | Report Abuse

Not sure in these 3 days who rushed to sell down

Posted by Chipee > 2024-08-01 14:40 | Report Abuse

Yeah ... Still in demand. Bid is 2.2x Ask.
We are ok guys. Relax

Best Buy 16,593
Best Sell 7493

Posted by Chipee > 2024-08-01 14:43 | Report Abuse

2.8x for TopGLove. Glove is still good.

Best Buy 139,332
Best Sell 48,363

Posted by Chipee > 2024-08-01 14:44 | Report Abuse

Like KimSua says. Fundamental and the narrative is still intact.

Posted by KimSua > 2024-08-01 20:34 | Report Abuse

EPF is buying again. The market markers are shaking the weak holders. I am disappointed as miss this swing. Did not expect to go so low. Expect qtrly to trigger more buy support and hopefully good news from Ustr final review by mid August. Else longer wait

Posted by ChandranG > 2024-08-02 20:02 | Report Abuse

EPF can get cheap price If they buy today not on 29 July 😁

Posted by mf > 2024-08-02 20:10 | Report Abuse

Dow futures fall 300 points as Amazon drops after earnings, jobs report ahead

Posted by Chipee > 2024-08-02 20:19 | Report Abuse

But Amz beat EPS by 20% wor .... Just watch the unemployment rate. Forecast is 4.1%.

Amazon.com (AMZN)
EPS 1.26 / 1.03 (Forecast)
Revenue 147.98B / 148.68B (Forecast)

Posted by Chipee > 2024-08-02 20:22 | Report Abuse

Me too 😅 .on Aug 1st.. Today 2nd tranche executed. Now my last tranche to execute... I'll be patient next week.

ChandranG

EPF can get cheap price If they buy today not on 29 July 😁

Posted by Chipee > 2024-08-02 20:30 | Report Abuse

Unemployment rate 4.3%. Forecast is 4.1%..... Going down liao la...

Posted by Chipee > 2024-08-02 20:33 | Report Abuse

But my bet on Glove is for coming recession. Glove is used in healthcare, food processing... which are staples industry. Meaning good or bad times ... ppl need these products and services. I'll going in next week.

Posted by Chipee > 2024-08-02 20:41 | Report Abuse

If you look at defensive stocks didn't go down in US stocks yesterday. These are staples like Nestle, Unilever, P&G, Campbell Soup etc .... It's a play on expectation on recession.

Posted by Chipee > 2024-08-03 00:19 | Report Abuse

I'm seeing defensive stocks holding well. I'm been waiting for this moment and I hope it comes true.
Investors out from IT and AI and out of US Market and start coming into emerging market like Msia for other defensive stocks like gloves. US stocks are just too high. Time for investors to come back to Msia.

Tyson Foods, Inc. 60.71 -0.08% -0.05
3M Company 125.83 -0.51% -0.64
Anheuser-Busch 63.26 +3.26% +2.00
Coca-Cola 1,281.31 +3.22% +39.93
Procter & Gamble 166.63 +0.57% +0.94
Nestlé S.A. 89.58 +0.45% +0.40
Unilever 62.28 +1.05% +0.65

Posted by Vincenzo999 > 2024-08-03 01:04 | Report Abuse

Chipee did you lock profit when kossan hit 2 years high?

Posted by mf > 2024-08-03 03:19 | Report Abuse

Europe stocks close 2.8% lower, extending losses after weaker-than-expected U.S. jobs report

Posted by Chipee > 2024-08-03 05:49 | Report Abuse

No. Caught me by surprise. Maybank negative report and current US correction.
My thesis is still on going. US-China rivalry and recession in US. So didn't think of taking profit. Timing the market is not my forte'... especially all TA indicators are basically lagging indicators.

Vincenzo999

Chipee did you lock profit when kossan hit 2 years high?

Posted by Chipee > 2024-08-03 06:58 | Report Abuse

I see US$ just drop vs RM. I hope foreign investors are coming in.

Posted by Chipee > 2024-08-03 18:50 | Report Abuse

Dow Jones dropped 1.8% from peak
Nasdaq dropped 8.7% from peak. I think Ai trade is over. Many unwind the carry-trade with Japan when Japan increase interest rate. Lets hope hot money is flowing into Msia gloves.

Posted by Vincenzo999 > 2024-08-03 18:57 | Report Abuse

Maybe the ringgit strengthening and US correction causing the recent sell down in Glove stocks.

Posted by Chipee > 2024-08-03 20:33 | Report Abuse

Ringgit strengthening is kinda small of a movement to worry about. Especially when US inflation is still on the high side. Promise to cut is also small. 25 basis point. If they are playing on expectation of further cuts, I feel the expectation of Trump's tariff would increase inflation in US. So that 2 narrative kinda balance it off.

Right now, increasing glove demand, increasing ASP and Trump's tariff (even recent 25% tariff) should be encouraging for Msia gloves.

Posted by Chipee > 2024-08-03 20:44 | Report Abuse

When I look at US inflation, I don't just evaluate on the single monthly data. I take account of previous inflation numbers that compounded to today 3%. For example, from April 2021 4.1% to Jun 2022 9.1% then down again today 3% .... each month is positive number compounding on top of each other. So the final price is still high. They really need deflation (negative percentage) to really fix the inflation problem.

That's how my recession idea for US comes from and elevated interest rate. My only concern is a crash like subprime crisis.

Posted by SWT1988 > 2024-08-05 11:54 | Report Abuse

will buy below 1.60

Posted by Chipee > 2024-08-05 13:18 | Report Abuse

I add more budget. Wait to see how low it can go. TA is useless now.

Posted by Chipee > 2024-08-05 13:34 | Report Abuse

This panic selling. Anything is possible.

SWT1988

will buy below 1.60

Posted by Endgame > 2024-08-05 13:54 | Report Abuse

Heard Tan Sri Lim start to buy already

Posted by SWT1988 > 2024-08-05 14:18 | Report Abuse

Potential middle east war this month. Then potential world recession. Cash is king by that time.

Posted by SWT1988 > 2024-08-05 14:19 | Report Abuse

Now all big bosses got excuses to dump their stocks without been questioned

Posted by Chipee > 2024-08-05 15:13 | Report Abuse

Hold cash first. See where this goes.

Posted by mf > 2024-08-05 15:13 | Report Abuse

FBM KLCI

FBM KLCI

1,540.25

-70.80

Posted by Chipee > 2024-08-05 15:14 | Report Abuse

Surprisingly, Hang Seng is holding well.

SWT1988

Malaysia boleh. Dropping less than 50 points comparing to Singapore more than 100 pts n Japan slumped nearly 15%.

Posted by Chipee > 2024-08-05 15:17 | Report Abuse

US future down 670+ point. This can go down some more.

Posted by Chipee > 2024-08-05 15:43 | Report Abuse

At 6 month low. Will it break the support? Both Kossan and Hartalega.

Posted by Chipee > 2024-08-06 08:58 | Report Abuse

Nikkei Up 8.7%. US Future up 2% .... Today up?

Posted by Chipee > 2024-08-06 14:34 | Report Abuse

Harta QTR finally in operational profit. Which means glove ASP has improved to $20-21.

Posted by noshadow > 2024-08-06 15:58 | Report Abuse

Kossan qtr should be better than harta

Posted by ChandranG > 2024-08-06 16:10 | Report Abuse

Have the same thought as you, noshadow. Kossan might make more than RM35 million in PAT in Q2

Posted by Chipee > 2024-08-07 08:39 | Report Abuse

Nikkei down again ... 800 points .. Will today down?

Posted by 5231428 > 2024-08-07 11:31 | Report Abuse

QR overdue.