Posted by hng33 > 1 month ago | Report Abuse

Fed Chair Jerome Powell hinted the central bank is not in a rush to rapidly cut rates.

Better invest in defensive healthcare related stock, glove is essential and stiff China competition is easing due to upcoming 50% tax levy in 2025 and 100% tax levy in 2026

Posted by hng33 > 1 month ago | Report Abuse

Bargain Hartalega & Kossan
Hartalega will need convincing strength above the 100-day ma (RM3.06) to fuel further upside towards RM3.30, the 123.6%FP (RM3.43) and 138.2%FP (RM3.68) ahead, while downside risk is capped by the 76.4%FR (RM2.66). Kossan need a confirmed breakout above the 200-day ma (RM2.06) to enhance upside momentum towards the 100-day ma (RM2.19), RM2.33 and 123.6%FP (RM2.42) going forward, while the 61.8%FR (RM1.79) and lower Bollinger band (RM1.71) cushions downside.

Posted by hng33 > 1 month ago | Report Abuse

Indications are pointing to a strong demand recovery moving into 4QCY24 and CY25 that will exceed our previous assumptions, underpinned by inventory rebuilding from distributors. Specifically, there has been uptick in orders over the past two quarters. The rise in demand comes as the inventories of major distributors across all regions have returned to normal levels. Case in point - HARTA expects to hit sales volume of 2.2b pieces/month in 2HFY25. Already, HARTA has seen 1QFY25 orders hitting close to 2b pieces per month compared to 1.5b-1.8b pieces per month in 4QFY24 and 3QFY23. TOPGLOV is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in June 2024 and expect customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding from distributors, indicating early signs of potential recovery in demand. It has seen sales order rising 25%-30% MoM. Tell-tale signs of predatory pricing by certain overseas players (i.e. selling below cost over an extended period of time to eliminate competitors) have diminished. Specifically, glove players under our coverage have seen their ASPs rising over the past two quarters, potentially implying demand is on the path to a recovery boosted by order replenishment.

Posted by hng33 > 1 month ago | Report Abuse

ASP gradually to increase 20% from current USD 19/k to USD 23/k

Posted by hng33 > 1 month ago | Report Abuse

USD strength further to RM 4.27 due to global tension and fed hint no rush to cut rate

Posted by hng33 > 1 month ago | Report Abuse

Malaysia’s gloves export volume surged 66% MoM and 105% YoY in Aug, outpacing the growth in July (+12% MoM; +43% YoY). The latest export volume is even 34% higher compare to pre-pandemic 2-years monthly average number indicating that the recovery momentum of global gloves demand remains healthy.

Posted by hng33 > 1 month ago | Report Abuse

breakout RM 2.00

Posted by hng33 > 1 month ago | Report Abuse

major shareholder accumulate more kossan share

Posted by ChandranG > 1 month ago | Report Abuse

Bosses came out and bought the shares again

Posted by hng33 > 1 month ago | Report Abuse

💪

Posted by KimSua > 1 month ago | Report Abuse

market spook by Topglove operating loss again. Just look at the revenue increase as a benchmark and not be too concern as Kossan operating expenses is well control. The best amoung the top 4.

Posted by EverettLee > 1 month ago | Report Abuse

Nice, glove sentiment is back again

Posted by hng33 > 1 month ago |

Post removed.Why?

Posted by EngineeringProfit > 1 month ago | Report Abuse

I am back

Posted by Chipee > 1 month ago | Report Abuse

I think we can forget about Q3 result. Look at Topglove, they make a loss and the stock is up.
Bull all the way for gloves.

Posted by hng33 > 1 month ago | Report Abuse

令吉转弱 RM 4.31

Posted by hng33 > 1 month ago | Report Abuse

sold to locked profit at 2.08

Posted by Chipee > 1 month ago | Report Abuse

When US tariff announce at 25% in 2026, Kossan shot to Rm3.
Now US tariff already announce at 50% in 2025 and 100% in 2026..... It should shoot up to at least Rm3.

Posted by ChandranG > 3 weeks ago | Report Abuse

Sold too soon, hng33

Posted by ket4212 > 3 weeks ago | Report Abuse

hng33 go to buy wct lo

Posted by KimSua > 3 weeks ago | Report Abuse

Sideways trading last 10 days. Strong price action yesterday afternoon. Let's see if can continue to break out strongly 2.1

Posted by KimSua > 3 weeks ago | Report Abuse

I think big funds will sideline until the US election

Posted by Chipee > 3 weeks ago | Report Abuse

ABRD and KWSP dispose SAME number of shares for a few days? I think there's some glitch in Bursa information or something weird is going on.

Posted by Chipee > 3 weeks ago | Report Abuse

Doesn't make any difference if Trump or Kamala. Both are anti-China.
But watch on Congress wins. See who holds majority for control. I'm hoping for almost 50/50 position.

Posted by Chipee > 2 weeks ago | Report Abuse

EU-China tariff fight is ON! Just like war, China will retaliate with tariff on EU and EU hopefully retaliate with tariff on ... China gloves? 😁

https://www.thestar.com.my/business/business-news/2024/10/31/china-tells-carmakers-to-pause-investment-in-eu-countries-backing-ev-tariffs-sources-say

Posted by ChandranG > 2 weeks ago | Report Abuse

Malaysia gloves tengok wayang and taking 💰

Posted by ket4212 > 2 weeks ago | Report Abuse

why ABRDN sell too much？

Posted by Chipee > 1 week ago | Report Abuse

To see the effect of the tariff, we to wait for Q4 result.

Posted by xiaoeh > 1 week ago | Report Abuse

Dear Chipee
what do u think Supermax?

Posted by 8888_ > 1 week ago | Report Abuse

Bought at 2.22.

Posted by Chipee > 1 week ago | Report Abuse

I didn't analyze the finances and all ... just on the new operation in US, I don't really like it. US workers union will definitely make high labour cost. US has too many redtapes and regulations. OF course they will benefit on US tariff on China, but Msia gloves also benefit even if US has 10% tariff on Msia.

Dear Chipee
what do u think Supermax?

Posted by crackyoo > 1 week ago | Report Abuse

jump back in again

Posted by xiaoeh > 1 week ago | Report Abuse

Noted and Thanks Chipee

Posted by ChandranG > 1 week ago | Report Abuse

Better pick Kossan, my friend

Posted by xiaoeh > 1 week ago | Report Abuse

Noted and Thanks ChandranG

Posted by calvintaneng > 1 week ago | Report Abuse

Stanley being a shrewd businessman already calculated the risk/reward of building New Glove Factories in USA
Or else he won't be a successful billionaire that he is today


TRUMP IN POWER; SUPERMAX IN USA IS TOP BENEFICIARY AS TAX ON CHINA GLOVES 50% To 100% & OTHERS UP TO 20%, Calvin Tan


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828061-TRUMP_IN_POWER_SUPERMAX_IN_USA_IS_TOP_BENEFICIARY_AS_TAX_ON_CHINA_GLOVES

Posted by Chipee > 1 week ago | Report Abuse

50% (2025) & 100% (2026) Tariff on China glove is CONFIRMED.
20% tariff on OTHER glove makers ... First time heard it from Calvin Tan. True or not, nobody knows.

Firstly, I think Trump is smart enough to know putting on 20% tariff on other glove manufacturers will increase price for Americans. Their target is China. Not hurting their own people. With 4 big glove makers in Msia and Sri Trang in Thailand, they will be competing price wise to lure American buyers. No need to disturb situation that's advantages to USA.

Second and most important factor, glove is a LOW margin product. Trump is targeting for HIGH margin products like EV cars, cars, smartphones etc. to be manufactured in USA. They want to bring these manufacturing back to USA. Other low margin products is focus on cheap labours overseas.

Trump's decision to lower corporate tax also to lure American companies to bring back their overseas profit back to US and pay US tax. Most US companies have offshore accounts/companies for lower taxes purposes.

If Supermax were to build their factory in Mexico, I would buy their shares. But building in US with higher labour cost and stringent government regulations, I would stay away.

3rdly, I think Calvin Tan owns Supermax shares and trying to boost the price up. 😂😂🤣😂😁

Posted by Chipee > 1 week ago | Report Abuse

And another thing, Trump's plan for oil&gas in US will make natural gas cheaper in global market.
Good for Msian glove makers.

Posted by xiaoeh > 1 week ago | Report Abuse

just my thoughts
now with Elon Mask in the picture in Trump cabinet
and Elon Mask is well known super Pro-China with his business presence in China
he even came out a msg to advice Taiwan to become one of a province in China
i wonder if this time around Trump will take a 360-degree turn towards China

Let's watch how thing will evolve
should be very interesting...

Posted by newbie5354_ > 1 week ago | Report Abuse

EPF become buyer after Trump win?

Posted by Chipee > 1 week ago | Report Abuse

What is the objective of tariff? So manufacturers will open a plant in USA and provide jobs. Tesla already have a plant in China so Elon is already golden in his position in China. Trump is expecting China EV to open plants in US if they want to sell in US. China being in economic downturn wouldn't touch Elon in China because of job security for Chinese people there. Many Korean and Japanese manufacturers had already left China and now many Chinese are jobless.

Elon will keep supporting Trump on China's tariff. Trump's tariff is a bargaining chip for one big issue ... BRICS. Democrats use war for this issue. They convince Zelensky for Ukraine to join NATO, knowing well that Putin will retaliate with war. That's why Nancy Pelosi visited Taiwan, to start a war with China. Trump doesn't want war so he uses tariff.

Posted by EngineeringProfit > 1 week ago | Report Abuse

So, it's either tariff or war

Posted by EverettLee > 1 week ago | Report Abuse

Mostly war on tariff

Posted by ket4212 > 6 days ago | Report Abuse

kossan qr better than harta then have dividend

Posted by Chipee > 6 days ago | Report Abuse

Kossan QR today or 20th Nov?

Posted by ket4212 > 6 days ago | Report Abuse

I think next week

Posted by ket4212 > 6 days ago | Report Abuse

thanks kossan

Posted by Chipee > 6 days ago | Report Abuse

YEah.... Revenue increase and still profitable. Not like Harta in operating loss.

Posted by Chipee > 5 days ago | Report Abuse

Something to share what I posted on Hartalega forum:

No. We are NOT investing for another pandemic. That could be another 100 years from now. We are investing in US-China rivalry and it is bearing fruit since USTR announce 50%(2025) and 100%(2026) tariff on China gloves.
Between Intco and Bluesail production is about 90bill annual capacity. With tariff, Msia and Thai glove has the upside on volume and ASP to sell in US market (largest market for gloves).

Even with 10% or 20% tariff on Msia & Thai, we are still cheaper than China. But I don't think that will happen. US target is really China thanks to Supermax. Supermax is on board in American Medical Manufacturers Association (AMMA). They are the one convince US to place tariff on China. Supermax production capacity in Texas is only 4.8 bill per annum, meaning the rest of US order will come from Supermax Msia. Supermax will not be silly to want tariff on Msia gloves.

And if Supermax to expand they production in US, that would eat a lot into their capital. They spent billions and are losing money these few years bcoz of building their plant in US. It would take years for this expansion to take place. So we have a good 4 years for Msia gloves. By then PE of 150 will drop to PE 25 when the profit has increased tremendously.

Please do your research before you shoot your mouth.
On Supermax.
https://theedgemalaysia.com/node/726994


mushimushi

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

Posted by Chipee > 5 days ago | Report Abuse

Another share:

Harta management is the "best" is only by reputation. I give you that. But that is just a small part to the overall picture. Don't forget, glove is a LOW margin product and easy to make. China was a threat before the tariff. AFTER the tariff, Msia gloves are on an even playing field.

You talk about automation, Kossan has been doing that since 2017 and with strong cash position, they had been upgrading production since 2021. Now is almost 2025. They had spent 4 years to be fully automated. Kossan is no way behind Hartalega in this aspect.
https://theedgemalaysia.com/article/cover-story-slow-and-steady-route-digital-transformation

Kossan has one bad reputation problem; CEO sells shares when price is high. A bit annoying but hey, he is allowed to do that. This caused Kossan to be undervalued AT THE MOMENT. But things that matters like production, quality etc ... Kossan is as good as Harta. Remember, Kossan and Harta were the only 2 glove companies that were not banned by US Custom on labour issues.

Topglove ... well they are big. That's all.

So Dawchok, it not arrogance. It's facts. Get off your high horse on "best management". It's only goes on for a while. It will wear off fast. Btw, Kossan is the only glove company making profit this Q3. And been paying dividend.


dawchok

The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG