TaiMeiLi

Glovemakers may see volume sales normalise in the first half of the year due to the potential frontloading of orders from US customers, says RHB Research.

https://www.thestar.com.my/business/business-news/2025/01/10/glovemakers-to-gain-from-trade-diversion-in-us

3 weeks ago

Chipee

From the article:
The research house, which downgraded the rubber product sector to “neutral”, pointed out that Malaysia’s glove export volumes had declined 11% month-on-month (m-o-m) in November 2024.

In comparison, China’s glove export volumes grew 3% m-o-m.

“The US October 2024 order volumes surpassed the pre-pandemic two-year average monthly orders by 50%,” it said.

So why October? Because it takes 1 to 1.5 months travel from port to port. This does not include manufacturing time. So frontloading was in Oct which makes Nov & Dec a no-order-zone for China's gloves. Since frontloading was in Oct, less order comes in Nov due to "oversupply" for the month of Oct. I still believe in Dec there's significant order with Nov only drop by 11% m-o-m.

Just analyzing the data, we should see significant order for Q1-25. This frontloading factor does not apply in Q1-25.

3 weeks ago

Zrenxy

Harta will reach rm4 soon

3 weeks ago

ket4212

I think wait next qr reach 4

3 weeks ago

YourQuirkyWays29

fingers crossed that the december volume is per your prediction @Chipee

3 weeks ago

Chipee

@YourQuirkyWays29 🤞🤞🤞💪

3 weeks ago

mf

Name
Last
High
Low
Chg.
Chg. %
Time
US 30
41,822.2 42,012.2 41,781.8 -105.1 -0.25%
22:54:45
US 500
5,797.5 5,827.5 5,791.4 -29.0 -0.50%
22:54:41
US Tech 100
20,718.4 20,870.2 20,696.0 -127.7 -0.61%
22:30:09

3 weeks ago

Chipee

Slowdown in US interest rate cuts is a good thing for gloves. Keeps USD high.
Due to report of improving employment in US means US economy is resilient, market expect lesser rate cut.
Expectation of Trumps tariff will cause inflation in US = rate high = USD high.
All are good news for Msia gloves.

3 weeks ago

Zrenxy

Ya gloves should be flying in this year. Harta target price rm4.30

3 weeks ago

YourQuirkyWays29

Finally someone with a more achievable forecast, I also believe RM4 - RM4.5 is very achievable.

3 weeks ago

Chipee

This targets can only be seen after seeing results for Q1 and Q2 2025.
Q4 2024 is basically transitional into US tariff on China. If that result trigger a selloff then a good opportunity to buy.

3 weeks ago

mf

FBM KLCI

FBM KLCI

1,565.49

-10.97

0.69%

3 weeks ago

YourQuirkyWays29

blood bath across share markets continues

3 weeks ago

Chipee

Good opportunity to buy the dip. Wait for falling knife to land.

3 weeks ago

findfreedom

Is a knee jerk reaction for glove counter. I bet market will rebound tomorrow.

3 weeks ago

Zrenxy

Feb quarter is superb, will announce quarterly dividend, that’s Harta commitment to long term shareholders. Target price RM4.30

2 weeks ago

Zrenxy

Pre Covid Target Price RM5.50

2 weeks ago

NatsukoMishima

No tariff on china health care poducts including gloves !

2 weeks ago

calvintaneng

Listen to the very end

Trump2 might impose Tariff on Harta 50%

Only Supermax tax free

https://youtu.be/qnf_lPHiPMA?si=jjob30-BiNo6rEdi

2 weeks ago

YourQuirkyWays29

Natsuko's wish - no tariff on china only and 100% tariff on others!! what a nasty individual.

2 weeks ago

YourQuirkyWays29

My take - compared to China, the need for US to be hostile with ASEAN country like us while sacrificing costing of their healthcare is relatively low. I also don't see a world where supermax (a company once banned for ESG) can be the sole supplier to the whole US market. Even if I give best case of 100% utility for supermax's US factory, there's still enough demand for everyone else to share the pie. Chill, keep calm, hold.

2 weeks ago

YourQuirkyWays29

Also, trump imposing crazy tariff is not as easy as he like to declare. It still has to go through the gov voting and debate, unless he declares emergency, of course.

2 weeks ago

NatsukoMishima

https://www.klsescreener.com/v2/news/view/1460719

2 weeks ago

Chipee

Share some post from Kossan:

tingpangeng

Let take Mr. Trump logic imposing 50% tariff on gloves manufactured outside of the USA in order to force glove manufacturers to set up plant in the USA. USA produces zero gloves with Supermax limited production capacity in the USA it still needs to import from China and Malaysia. This higher tariffs will be passed on to consumers and Americans will feel the pinch eventually. For plant to set up in the USA required time and I would reckon Mr Trump 4 years limited term is not enough to threaten glove manufacturers to come to USA as the next president will do with his own strategy. Harta , Kossan, Topglove will survive in Mr Trump administration and returns to pre covid times in terms of revenue and profits

Chipee

@tingpangeng
Totally agree with you. There's a reason manufacturing moved away from developed countries, HIGH LABOUR WAGES. The only manufacturing jobs that will flow back to US are HIGH MARGIN products like cars, handphones, and other high end products. LOW MARGIN products like gloves, textiles, etc will stay in emerging markets.

Also gloves are used globally. So if you build factory in US with such high cost, you can only sell them to US. Even with 10% tariff on Msia, it is still beneficial to manufacture in Msia. That will definitely increase inflation hence higher interest rate and higher USD. Good for Msia gloves. Remember, 10% tariff is a blanket tariff on ALL US imports. Moreso when China got hit by 60% tariff, it is still advantage to Msia gloves. We have a huge room to negotiate on the ASP hence counter the reduce orders from US.

And pls don't talk about AI in manufacturing bcoz is AI is neither free or cheap. It costs $30k-40K per chip for nvidia AI. How many chip do you need to run such operation? Or you rent data centres with Nvidia AI chips, how much does it cost? Not cheap. Definitely not cheaper than our labour cost.

2 weeks ago

NatsukoMishima

U must know the verbal agreement between president Xi and Trump few days ago , the high tariff is for non essential products from China only , healthcare products is excluded from the latest high tariff ! Worst case harta will drop back to rm 1.40 - 1.80

2 weeks ago

Chipee

Nutsucker must be hallucinating hearing conversation between Xi and Trump ... Hahaha...
Not long he will end up in Tanjung Rambutan. 🤣

2 weeks ago

Moon1668

Harta drop back to 1.40? Wah, that's dangerous, right? Maybe those who are frightened should sell, now!

2 weeks ago

NatsukoMishima

No tariff on china healthcare products !

2 weeks ago

NatsukoMishima

Sorry to all , 10% only tariff on china product not 50% !

2 weeks ago

Chipee

Nutsucker need to brush up his comprehension in English.
https://edition.cnn.com/2025/01/21/economy/tariffs-china-trump-february-first/index.html

"In an Oval Office press conference that echoed similar off-the-cuff remarks on Monday, Trump said that he is considering a 10% across-the-board tariff on all Chinese goods starting as early as February 1. On Monday, Trump threatened 25% tariffs on Mexico and Canada but deflected on China, noting that former President Joe Biden left in place extensive tariffs that Trump imposed during his first administration."

Meaning 10% on other products that are not already have tariff on them. Products like EV (100%) and gloves (50%) that already has tariff from Biden's admin will stay. You think Trumps gonna reduce tariff on Elon and Supermax that supports his vision? Otak mana otak? ....😂

2 weeks ago

Chipee

From same article:

"On Monday, Trump issued an executive action that directed the secretaries of commerce and the Treasury and the United States Trade Representative to investigate the causes of America’s trade deficits with foreign nations, to determine how to build an “External Revenue Service” to collect tariffs, to identify unfair trade practices and to review existing trade agreements for potential improvements. It also calls for a review of the US-Mexico-Canada trade agreement (the USMCA) signed by Trump in his first term and requires agencies to assess whether stricter US trade policy could successfully restrict the flow of fentanyl and the flow of undocumented migrants into the United States"

It is still under United States Trade Representative (USTR) authority. The tariff on China gloves came from USTR. So the 50% tariff stays. The narrative is very much against China. No tariff will be lowered. It can only go higher. USTR investigated on China gloves for 4 years and made a decision. You think they gonna throw away all the hard work? Their focus now will be on other products and also to form “External Revenue Service” . They will be too busy to focus on China's gloves.

2 weeks ago

Chipee

Nutsuckers hoping we will sell gloves stocks and buy IWC to save his losing bets...... 😂😂😂

2 weeks ago

Chipee

Don't worry all. 50% on China gloves is solid concrete set by Biden. This will proceed as announced by USTR.

Trump can't even execute his plans on tariff on his first day in office means, he knows it not that simple to implement tariff. It has repercussion on this decisions. Within his own party, some are against and for these action. It takes time for this big boat to turn in any direction.

2 weeks ago

TaiMeiLi

Short sellers always find opportunities to short glove companies ...😅

2 weeks ago

YourQuirkyWays29

hahahha, from past experience, Nutsucker is back in full force and calling for lower price = time to buy. I have not ask ppl to buy in a long time in this counter, but i think this time, it's about time hahahah.

2 weeks ago

Zrenxy

Harta next week gapped up…fly up to rm3.70

1 week ago

calvintaneng

Go for Supermax


it has 1st glove factory in USA


https://youtu.be/4Q7CCJHl5Kc?si=DT8JpmMFUuE6IVEA

1 week ago

Chipee

Mai kanciong mai kanciong .... DEEPSEEK is good for us la.
Now all the liquidity run out from Nvidia, OpenAi, Meta, etc.... will get out of US and (some) will come to Msia.
Traders and investors are too focus on this Ai theme sucking liquidity from other sectors.
Look at Dow Jones was up and Nasdaq down big time.
Bad for YTLPower though. ... Deepseek is open source ... meaning free and run on regular gpus.

1 week ago

findfreedom

China strong is better than US strong.

1 week ago

TaiMeiLi

Stay safe, everyone 😢 influenza virus is not a joke

https://www.8days.sg/entertainment/asian/barbie-hsu-death-pnuemonia-family-trip-japan-840546

4 days ago

NatsukoMishima

Good luck to all glove tards , here we go !

4 days ago

paperplane

美国对中国医疗手套的关税, 从7.5%-50%-60%

3 days ago

TaiMeiLi

Don't need luck if you bought it at RM1.50 😉

2 days ago

YourQuirkyWays29

Nutsucker missed allllll the boatssss xD

2 days ago

titan3322

CGS TP is 2.29 so pom pom supporters will be hugely disappointed la 🤣🤣

1 day ago

YourQuirkyWays29

LOL KWP be daytrading.

@titan Firstly, if 2.29 i still green, wont die. Secondly, im just a small fish in the harta investor pool, im sure there are other investors that are more concern if valuation of the company is truly at rm2.29 while they are buying in at above rm3. Every one is born with a brain, although some not as functional as others, but still, try to use it ya. Cheers.

1 day ago

titan3322

Wah instantly triggered hope don't get heart attack lor🧑‍🦽🚑🤣🤣

1 day ago

YourQuirkyWays29

yeap I always just shoot when i see brain dead stuff from yourself and nutsucker, 0 reservation. Triggered or happy, i shoot.

20 hours ago

titan3322

Don't hope for influenza lah you may not live well to enjoy the price hike in gloves 🧤 maybe boleh mati also 🧐🚑🧑‍🦽🤣🤣

1 hour ago

Epseps

Any idea when is the QR ?

30 minutes ago