Celaka punya operators, very wicked and cunning, not even give a chance for bilis to earn abit of pocket money, lets boikot all the shitty healthcare counter, let the operators play with their own dxxk
US tariff hike on Chinese products may augur well for Malaysian glovemakers
With the hike in US tariffs on Chinese rubber medical and surgical gloves from 7.5% to 25% in 2026, Malaysian glove exporters will be able to compete as Chinese gloves will be more expensive in about two years compared to now.
Although I am very confidence on all Glove counter, but Hexcare is the one I have least confidence. This counter is heavily control by someone.. As long as he has no intention to push the price, this counter will not move. But once he has intention to push, Rm1.00 is not a dream.
HEXCARE is the only glove counter that drop 50% in Year 2024. From Jan'24 RM0.35 to Dec'24 RM0.18, in bursa, or in the world, only HEXCARE can do it. Dato Ong still holding 24% only, anytime he can abandon the ship, as he already make a lot of money from this counter. Too many ikan bilis retailer stuck in this counter, it is very hard for this company share price to move up. Unless Dato Ong buy another 20% shares from the open market. As per Mar 2024, Top 30 shareholder only control 52% share. If Dato Ong can buy another 200mil shares (20%) from open market, then Top 30 shareholders will increase their holding 72%.. then floating share will left 28%, then it will be easy to goreng up. Assume if US really impose Tariff on China and benefited Malaysia Glove player, assume Hexcare can turn back to profit of RM8-10mil per quarter, then the share price can go back to 40sen level at least.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AhHuat168
308 posts
Posted by AhHuat168 > 2024-01-17 17:02 | Report Abuse
Celaka punya operators, very wicked and cunning, not even give a chance for bilis to earn abit of pocket money, lets boikot all the shitty healthcare counter, let the operators play with their own dxxk