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3 days ago | Report Abuse
Then we should see better result in Q3. Nat gas and oil prices are down. Q4 we should see more order coming from US. They might avoid China fearing their cargo may arrive in 2025.
3 days ago | Report Abuse
Another day, another tin kosong comment from him. π
NatsukoMishima
EU n USA will follow India to ban also !
3 days ago | Report Abuse
Msia is killing our own economy. Hiking foreign pay will syphon our money into their country. And at 2K/month, this foreign workers don't pay tax although there's levies paid but paid by employers. Increasing foreign pay will not encourage employers to hire locals instead bcoz locals don't want the job to begin with.
4 days ago | Report Abuse
After reading the pusing article, I leave the 'subsidiary' part open to question. I did some Googling and couldn't find prove of it. So I guess I was wrong.
Huangbk72
@Chipee
U should read the article carefully.
Mun Health is a subsidiary of Hartalega
Sslee
Name of company Country of incorporation Principal activities Proportion of ownership interests and voting rights held by the Group
2024 2023
Subsidiaries of Hartalega Sdn. Bhd.
MUN Health Product (India) Pvt Ltd (1) India Retail and wholesale of gloves 81% 81%
5 days ago | Report Abuse
Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...
Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.
This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .
5 days ago | Report Abuse
Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...
Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.
This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .
https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/
5 days ago | Report Abuse
US-China rivalry. Which Msia industry benefit from this scenario? With Ukraine war and BRICS, globalization is shifting big time. US tariff on China already showing us the possibility. Will EU, Canada, Australia, Japan and South Korea follow on the tariff on China? Place your bets. I bet US and USD wins. US increase rates, other countries suffer proves the world in addicted to USD via Eurodollar systems. This is the macro economy idea to bet on Msia gloves.
Supernoob
frankly so many stocks..why glove? haha..this are the questions that you must ask yourself before you invest in this company.
5 days ago | Report Abuse
Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.
https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/
5 days ago | Report Abuse
Again and again ... Told you learn about macro-economy. But you keep talking like tin kosong. Cutting rate is not stimulus. The more you talk, the more ppl know you stew-pid. π
NatsukoMishima
China glove will be 0 cost with strong stimulus plan from president XI
5 days ago | Report Abuse
Yeah. Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.
https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/
1 week ago | Report Abuse
USD coming down is good. Cost of corn and soy becomes cheaper..
1 week ago | Report Abuse
US, EU and Canada are more afraid of China deflation coming to them. Why do you think they are setting tariff on China? Macro economy. Pls learn it. Don't make noise like tin kosong.
NatsukoMishima
Without china product US inflation will resurge back ! They wont allow it happen !
1 week ago | Report Abuse
How do you report on capital gain to IRB? As I know there's no capital gain tax. Or no need to report at all even when for day trading.
1 week ago | Report Abuse
"Attractive Dividend policy"? Hahaha.... Hartalega only recently give dividend since their last dividend in 2022.
Kossan has been constantly giving dividend. Sell your Hartalega and buy Kossan. Kossan should be same value as Hartalega.
WDCQ_I_am_legend
https://youtu.be/tkuYRBsxxxA
1 week ago | Report Abuse
Let day traders clear their holdings. Long term investors can hold until Q125 to see the effect of the tariff.
Q3 & Q4 2024 is pretty much irrelevant.
1 week ago | Report Abuse
Nutsuko got burnt bad by glove counters. Now he pissed off. π
findfreedom
I don't understand NatsukoMishima like θ·glove counterζδ»
1 week ago | Report Abuse
FED cut rates. We are back in lower rate. Good for LHI high debt situation.
1 week ago | Report Abuse
China is crying NOW!!! What are you talking about "you can't beat China"? π
US, EU & Canada tariff on China is enough to beat China. Even before the tariff, China was already dying with Evergrande blow up. Until now China hasn't recover.
NatsukoMishima
U cant beat china , they have many way to byass the tariff , worst case the tariff will impose on malaysia glove also ! Next week u all will cry !
1 week ago | Report Abuse
Depends on the lead time from order to delivery. If the contena arrive in US port 2025, they will get tax. So they have about 3 months. Moreso with the Red Sea crisis and the shipping lane is longer, delivery time is delayed. Don't think they would take such risk.
Patient Investor
Before the tariff kicks in, I expect China manufacturer will maximise machine operation tosell as much as possible, even at losses to recover invested capital. before the equipment and raw material become scrap.
1 week ago | Report Abuse
Do you guys think glove can be for long term hold? Base on following factors:
1) Tariff "protection" from US since USTR review their tariff every 4 years.
2) Destruction of China glove manufacturers. Intco alone produce 75bill gloves annually. That is enough for Msia & Thai glove makers to shares around.
3) Possible tariff from Canada and EU since tariff on China is in the agenda following US lead.
1 week ago | Report Abuse
With Kossan securing good earnings in coming years, I'm pretty sure they can reward good dividend too from the Rm2bill holdings.
1 week ago | Report Abuse
The funny thing is ... he thinks every trader here is dumb to believe him.
1 week ago | Report Abuse
US target China manufacturers even if their products come from Mexico or Indonesia. And here you are again talking BS.
NatsukoMishima
Why IB never told u that China will set up factory at cheaper countries to bypass tariff ??? Try imagine what will happen to malaysia glove if they announce this step !
1 week ago | Report Abuse
In Harta forum is already told you US target China manufacturers even if their products come from Mexico or Indonesia. And here you are again talking BS.
NatsukoMishima
Why IB never told u that China will set up factory at cheaper countries to bypass tariff ??? Try imagine what will happen to malaysia glove if they announce this step !
1 week ago | Report Abuse
Yeah. Good analysis. Expect it to go up and down from day traders. By the 4 years end, China glove manufacturers could had been battered badly for Malaysian manufacturers to thrive even longer.
1 week ago | Report Abuse
Yes, I'm observing the trend until the election. Earnings won't show up on the tariff until 2025.
KimSua
I suspect this will not be a one day show. Will not swing too soon as the momentum is just right with feds interest rates decision on wed. The closing few hours volume continue to come in. Good luck for tmrow.
1 week ago | Report Abuse
Did some research on this matter too last night. Couldn't find any ... just on EV. My suspicion is that China is experiencing deflation and tariff is necessary on China to protect markets in Europe and US. But it's long shot. US tariff is pretty good impact for now.
KimSua
Looking at EU and Canada tariffs on China ev and I am sure other industry will follow the precedent set by US administration. They always follow the big brother. Will scout around for the news.
1 week ago | Report Abuse
Hopefully foreign investors push it up higher. Good timing since foreigner investors coming into Msia market.
2 weeks ago | Report Abuse
I'm wondering if Canada and EU will follow on this tariff hike? Canada has the highest chance. EU is still trying to buddy with China bcoz their luxury goods export. But China already slow a lot in luxury purchase.
2 weeks ago | 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.
2 weeks ago | Report Abuse
Nut-suko mata merah ... πππ
2 weeks ago | 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. .. π
2 weeks ago | Report Abuse
Wah KimSua... you beat me to it ... HUAT AH!!!!!
2 weeks 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
2 weeks 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
2 weeks ago | 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/
2 weeks ago | 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/
2 weeks ago | Report Abuse
I think USTR put on hold the tariff announcement after Trump-Harris debate. So Trump won't have the bullet to use in the debate.
1 month ago | Report Abuse
Yeah ... F them big time. π
ChandranG
What goes around, come around. Your turn to get shorted, Kenanga π
1 month ago | Report Abuse
More tariff is coming ... Canada. Hopefully they target on gloves too and EU follow suit.
https://insidetrade.com/trade/our-most-read-canada-targets-chinese-evs-steel-and-aluminum-hints-more-come
1 month ago | Report Abuse
Kenanga share got short kaw kaw ... hahaha ..
Happy their stocks get trashed. The trashing will continue after the suspension. π
https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank
1 month ago | Report Abuse
Kenanga share got short kaw kaw ... hahaha ..
This IB always down play glove stock. Happy their stocks get trashed. The trashing will continue after the suspension. π
https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank
1 month ago | Report Abuse
We can only know the sales of glove due to mpox on Q3 result.
1 month ago | Report Abuse
@Patron
"Sorting out glove division part" is like saying saying McD has to sort out the burger part from the fries part.
IF that's the case then Harta has to "sort out" their COAT gloves from the nitrile and latex gloves. Cmmon. Don't be ridiculous.
1 month ago | Report Abuse
Harta profit 31.9Mill .. price 2.75. What do you said abt that?
Endgame
31 mil profit, no wonder dropped from 2.5x to 2.0x
1 month ago | Report Abuse
I hope you're right Albukhary. With this QR result it could go either way. Just bcoz Harta QR was excellent. Kossan is showing no improvement from previous qtr.
Stock: [LHI]: LEONG HUP INTERNATIONAL BERHAD
3 days ago | Report Abuse
Nah ... people take profit from KLSE and move to HK and China market.