China is crying NOW!!! What are you talking about "you can't beat China"? 😂
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 !

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.

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.

Yeah. 😂

With Kossan securing good earnings in coming years, I'm pretty sure they can reward good dividend too from the Rm2bill holdings.

The funny thing is ... he thinks every trader here is dumb to believe him.

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 !

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 !

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.

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.

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.

Hopefully foreign investors push it up higher. Good timing since foreigner investors coming into Msia market.

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.

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.

Nut-suko mata merah ... 😂😂😂

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. .. 😉

Wah KimSua... you beat me to it ... HUAT AH!!!!!

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

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

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/

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/

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.

Yeah ... F them big time. 😂
ChandranG

What goes around, come around. Your turn to get shorted, Kenanga 😁

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

Kenanga share got short kaw kaw ... hahaha ..
Happy their stocks get trashed. The trashing will continue after the suspension. 😂

https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank

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. 😂
https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank

We can only know the sales of glove due to mpox on Q3 result.

@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.

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

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.

I think their ASP is $16 still. Can't believe it. Even Sri Thang ASP is $18.

I was expecting Rm75 mill ... 😁 .. Now wait for USTR announcement..sigh

Mpox is not air-borne virus. Mpox will not be a pandemic.

Mpox will not be pandemic like Covid.. and we want that. If it's a pandemic, US might delay the tariff on China. This will strengthen CHina glove financially. We want Mpox not a pandemic and US implement their tariff on China gloves as soon as possible.

Kpop going to Forest City ... 48 KM away from Tebrau Bay (IWCity). Not even close....
Looks like IWCity is still leaking hard 😂

Careful on PE bcoz the number is TTM (12 trailing months). Meaning the data include when situation was bad.

KimSua

Can the earnings double from previous qtr and push down the pe to below 40? This should preview kossan potential.

Honestly, I prefer the US tariff on China. I want to see China glove die. 😈

I think the alternative is even dire. Anyway, the vaccine has been around for a long time. Unlike covid vaccine which is relatively new.

Mpox already has vaccine. So not as serious as covid. But I'm still optimistic in US tariff on China. Hope there's early implementation.

Don't be bothered with the IPO. Let it run up and crash.... like Mr.DIY.
Buy at the crash. At least with financial data to observe the performance.

Monkey pox seems to be taking traction.

Or demand is up. Remember they cut production earlier? So it's not over capacity or supply.

YourQuirkyWays29

@Chipee their inventory level did went up from the latest QR, not sure if its due to the red sea issue or them stocking up more. Could be both.

This prove NutSeiko's ignorance in business. He is comparing high profit margin product with thin profit margin product. The more he talks, the more he reveals himself. 😂 TIN KOSONG is the loudest right? ... hahaha

NatsukoMishima

Tesla , apple all beaten down by China , why not a peanut malaysia glove ?? Dont be too naive with that tariff can save malaysia glove !

Hahaha ... are we gonna trust NutSeiko's target price? He can't even get Iskandar Waterfront right and for the rest of his selections. 🤣

Wow ... great news.

Observe USTR announcement on 14 August. Hopefully good news.

Demand must be increasing for them to increase capacity.

TaiMeiLi

Local manufacturers are operating at 60%-80% capacity, up from 40%-70% previously, with the global supply expected to increase by 7.3 billion pieces in 2024, driven by capacity expansions from Hartalega Holdings Bhd (4 billion pieces), Top Glove Corp (3 billion), and Sri Trang Gloves Thailand (0.3 billion pieces). I am still optimistic about Harta's future

5.27x demand for Kossan and ppl still letting go low price. Big players bullying small players to let go.

Best Buy 23,540
Best Sell 4,463

Kossan should release their QR early like Harta to show confidence.

This Nutsaiko is blasting in every stock forum that he has no money to buy. 😂

godhand

Posted by NatsukoMishima > 21 seconds ago | Report Abuse

Tp 3.50 can if China glove factory all close !

u want to side bet? ah waste my time u have no track record