Take lor ... Like I said .. I always give money to beggars. It's ok. Why you so triggered? Hahahaha

monetary

What an interesting theory. Some one claims he doesn't sell ppl can't eat his money. From 3.8 to 3.2 your account value remains the same? I sold at 3.7x pocketed the profit my account also remains the same? Who took money away from your account? Who put money into my account? Ghost? Really square head. Lol! Besides, your so call analysis is worth nothing. Tariff in 2026 out of the equation. China stay in the equation. Period!

Actual fact is US will have difficulty reduce rate until they hit recession. Euro has gone through it (recession) and pulling inflation down. Now they can reduce rate. Just buy up staples that are recession proof. US GDP has higher chance coming out lower tonight.

KimSua

ECB will reduce interest rate. Europe base funds might come in in anticipation of Euro going down. However US CPE data might be prove to be resilient and make US jittery again. Next week will be better to decide.

Hahaha ...what is your problem? My money. I wanna give away... I give away la. Get a life man. ..😂

monetary

U have all the ingredients to b loser. 1. Stubborn 2. Blame your losses to broad market 3. Take facts given by media for granted 4. Only welcome ppl who have the same views as yours 5. Oppose facts that are different from your opinion

No worry, mate. I will continue eating your money until u turned into a beggar.

So who is going to Kossan AGM today?

Eat my money? .... hahaha... I usually let beggars "eat" my money. Go ahead.


monetary

I nvr ask to b right. I only know I eaten your money from 3.8 to 3.2.

YEah @5354_ I answered

Repost:

What happened to gloves in Msia will also happen in China. After China lockdown is over.
1) China gloves start making losses.
(Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958).)
2) China small gloves players got eliminated.
3) Big China gloves start rationalize (reduce) their production hence impairment losses.
4) They start selling at higher ASP.

As for the article from Edge https://theedgemalaysia.com/node/712277
"Hong Leong Investment Bank Research (HLIB Research), which is neutral on the sector, shares the sentiment, commenting that Chinese players will start to gradually increase their presence in European and Asian markets to reduce US orders."

Are they saying China gloves are not already in European and Asia market now and the years before covid ? Of course they are. In order to compete is only to reduce price and gain market share in Europe and Asia. China cannot afford to do that. They are already making losses. China has no choice but REDUCE PRODUCTION because CHINA LOCKDOWN IS OVER.

Problem with analysts on China is ... China production is BIG. Look at this data from World Bank 2019
Malaysia Export 401519 Gloves 2019 World 742,626,000 Kg
Thailand Export 401519 Gloves 2019 World 109,800,000 Kg
China Export 401519 Gloves 2019 World 73,646,800 Kg

China is only 9.9% of Malaysia production.
------
DATA on US import of gloves in 2019
United States Import 401519 Gloves 2019 World 410,269,000 Kg
United States Import 401519 Gloves 2019 Malaysia 258,422,000 Kg
United States Import 401519 Gloves 2019 Thailand 68,443,400 Kg
United States Import 401519 Gloves 2019 China 44,971,200 Kg

Malaysia covers 63% of US import. China only 10.9%.
------

COVID presented a different situation. US allow lower quality glove from China to satisfy the demand during COVID. But the OVERSUPPLY is coming mainly from Malaysia. So the ASP problem is OVERSUPPLY WORLDWIDE. But demand is slowly recovering (Kossan and Harta revenue is increasing) as oversupply depletes.

If there's concern about "flooding" the market with gloves, we should look at Topgloves instead. They are the biggest producer in the world. Not China. And TopGLove is losing money and their demand is far from their 2019 demand. They won't be flooding anytime soon.

My bet is on Kossan and Harta. Their export to US will be advantageous to them when tariff hit.

Ignore this kind of people like monetary .... People trade to make money, they trade to be "right". Ego based traders lose money they won't tell you one. 😂

YourQuirkyWays29

Ehhh, let's see. Not sure who are the crocs and why you are so angry for ppl wanting to hold.

Last time b4 2008/2009 .... when US market down, other markets can be up. It's like investors leaving one market and move to another. NOW all markets are following US market. THeir consequence affect other markets too fearing another Financial Crisis.

ARBDN still owns 137,392,700 shares. They sold 291,400 + 251,400 = 542,800..... 0.395% of the total shares.
It's the same with TS Lim Kuang Sia and other owners .... Like I said they are doing some profit taking like day traders. Which is ok. Value traders or FA can do the same too.

Just that TS Lim Kuang Sia is the CEO of the company. Show some confidence of the company la. He represents the company. Don't be a pariah CEO. THis kind of profit also want to take when he is already a billionaire. 🙄

Sometimes FA hold bcoz they are long term. Just bcoz they are long doesn't mean they didn't prone a bit to take profit. IT all depends on how many share you hold and risk management. Market is jittery bcoz US is already at all time high. IS it gonna crash or just 5% correction ... nobody knows.


Lukey_Greek

When the price is right, even owner of the company & ABRDN will also dispose their shares. Good luck long term investor. Long way to learn on understanding this wave fr FA perspective.

Better to pick up Friday. Not too late and safer.

KimSua

Can start to pick the bottom, tmrow or better Friday

Aiyah ... whole US, Europe and Asia market drop bcoz of US sentiment la. Nothing to do with any fundamental to any companies in Msia or Asia. All waiting for US Q1 GDP and PCE results. Expectation of US recession.

Market will drop some more tomorrow. Until results are out.

What happened to gloves in Msia will also happen in China. After China lockdown is over.
1) China gloves start making losses.
(Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958).)
2) China small gloves players got eliminated.
3) Big China gloves start rationalize (reduce) their production hence impairment losses.
4) They start selling at higher ASP.

As for the article from Edge https://theedgemalaysia.com/node/712277
"Hong Leong Investment Bank Research (HLIB Research), which is neutral on the sector, shares the sentiment, commenting that Chinese players will start to gradually increase their presence in European and Asian markets to reduce US orders."

Are they saying China gloves are not already in European and Asia market now and the years before covid ? Of course they are. In order to compete is only to reduce price and gain market share in Europe and Asia. China cannot afford to do that. They are already making losses. China has no choice but REDUCE PRODUCTION because CHINA LOCKDOWN IS OVER.

Problem with analysts on China is ... China production is BIG. Look at this data from World Bank 2019
Malaysia Export 401519 Gloves 2019 World 742,626,000 Kg
Thailand Export 401519 Gloves 2019 World 109,800,000 Kg
China Export 401519 Gloves 2019 World 73,646,800 Kg

China is only 9.9% of Malaysia production.
------
DATA on US import of gloves in 2019
United States Import 401519 Gloves 2019 World 410,269,000 Kg
United States Import 401519 Gloves 2019 Malaysia 258,422,000 Kg
United States Import 401519 Gloves 2019 Thailand 68,443,400 Kg
United States Import 401519 Gloves 2019 China 44,971,200 Kg

Malaysia covers 63% of US import. China only 10.9%.
------

COVID presented a different situation. US allow lower quality glove from China to satisfy the demand during COVID. But the OVERSUPPLY is coming mainly from Malaysia. So the ASP problem is OVERSUPPLY WORLDWIDE. But demand is slowly recovering (Kossan and Harta revenue is increasing) as oversupply depletes.

If there's concern about "flooding" the market with gloves, we should look at Topgloves instead. They are the biggest producer in the world. Not China. And TopGLove is losing money and their demand is far from their 2019 demand. They won't be flooding anytime soon.

My bet is on Kossan and Harta. Their export to US will be advantageous to them when tariff hit.

What happened to gloves in Msia will also happen in China. After China lockdown is over.
1) China gloves start making losses.
(Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958).)
2) China small gloves players got eliminated.
3) Big China gloves start rationalize (reduce) their production hence impairment losses.
4) They start selling at higher ASP.

As for the article from Edge https://theedgemalaysia.com/node/712277
"Hong Leong Investment Bank Research (HLIB Research), which is neutral on the sector, shares the sentiment, commenting that Chinese players will start to gradually increase their presence in European and Asian markets to reduce US orders."

Are they saying China gloves are not already in European and Asia market now and the years before covid ? Of course they are. In order to compete is only to reduce price and gain market share in Europe and Asia. China cannot afford to do that. They are already making losses. China has no choice but REDUCE PRODUCTION because CHINA LOCKDOWN IS OVER.

Problem with analysts on China is ... China production is BIG. Look at this data from World Bank 2019
Malaysia Export 401519 Gloves 2019 World 742,626,000 Kg
Thailand Export 401519 Gloves 2019 World 109,800,000 Kg
China Export 401519 Gloves 2019 World 73,646,800 Kg

China is only 9.9% of Malaysia production.
------
DATA on US import of gloves in 2019
United States Import 401519 Gloves 2019 World 410,269,000 Kg
United States Import 401519 Gloves 2019 Malaysia 258,422,000 Kg
United States Import 401519 Gloves 2019 Thailand 68,443,400 Kg
United States Import 401519 Gloves 2019 China 44,971,200 Kg

Malaysia covers 63% of US import. China only 10.9%.
------

COVID presented a different situation. US allow lower quality glove from China to satisfy the demand during COVID. But the OVERSUPPLY is coming mainly from Malaysia. So the ASP problem is OVERSUPPLY WORLDWIDE. But demand is slowly recovering (Kossan and Harta revenue is increasing) as oversupply depletes.

If there's concern about "flooding" the market with gloves, we should look at Topgloves instead. They are the biggest producer in the world. Not China. And TopGLove is losing money and their demand is far from their 2019 demand. They won't be flooding anytime soon.

My bet is on Kossan and Harta. Their export to US will be advantageous to them when tariff hit.

ABRDN bought when EPF was selling. I think their average price is below Rm1.50. So to take profit is normal.

ChandranG

ABRDN started to dispose the shares continuously ...

2 challenging factors still looms in gloves ... ASP and demand. And this directly affects PBT.
I see one factor is improving and that is DEMAND (Revenue increase for Kossan and Harta). China can't keep undercutting price. It affects their PBT too. China's lockdown is over. China lost their scale of production advantage by selling cheap. Their China demand has drastically dropped. Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958). They have to increase price in 2024. ASP will improve.

Biggest bomb on China for ASP is China-US rivalry. Now just rely on entry-port ban by US on China's gloves. IF Trump wins the tariff effect will be even greater than the 2026 tariff increase.

China use coal. Msia use nat gas. Both energy sources are going up in tandem. So not much difference there. Hell, if US wants to penalize China on ESG basis for using coal ... total ban on China's gloves. But we know that cannot happen la.

2 challenging factors still looms in gloves ... ASP and demand. And this directly affects PBT.
I see one factor is improving and that is DEMAND (Revenue increase for Kossan and Harta). China can't keep undercutting price. It affects their PBT too. China's lockdown is over. China lost their scale of production advantage by selling cheap. Their China demand has drastically dropped. Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958). They have to increase price in 2024. ASP will improve.

Biggest bomb on China for ASP is China-US rivalry. Now just rely on entry-port ban by US on China's gloves. IF Trump wins the tariff effect will be even greater than the 2026 tariff increase.

China use coal. Msia use nat gas. Both energy sources are going up in tandem. So not much difference there. Hell, if US wants to penalize China on ESG basis for using coal ... total ban on China's gloves. But we know that cannot happen la.

2 challenging factors still looms in gloves ... ASP and demand. And this directly affects PBT.
I see one factor is improving and that is DEMAND (Revenue increase for Kossan and Harta). China can't keep undercutting price. It affects their PBT too. China's lockdown is over. China lost their scale of production advantage by selling cheap. Their China demand has drastically dropped. Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958). They have to increase price in 2024. ASP will improve.

Biggest bomb on China for ASP is China-US rivalry. Now just rely on entry-port ban by US on China's gloves. IF Trump wins the tariff effect will be even greater than the 2026 tariff increase.

China use coal. Msia use nat gas. Both energy sources are going up in tandem. So not much difference there. Hell, if US wants to penalize China on ESG basis for using coal ... total ban on China's gloves. But we know that cannot happen la.

So people who said "Don’t blame tax. Just look at PBT" are just short term investors. I'm in for the long haul.

Yeah ... true. But they still in profit unlike Harta, PBT is a loss. And Harta has more outstanding shares than Kossan. My argument has always been Kossan shld be more or same with Harta price. So either Kossan go up or Harta comes down to meet Kossan's price.

Analyze Kossan Q1 result. Profit could had been higher if it wasn't bcoz of TAX month. They paid a big chunk in tax. Hopefully Q2 would be better.

Supermax is wasting money for low margin products.

Market sentiment bad ... see how long this last. Dow Jones and S&P will dictate that.

I'll tell you on Thursday. 😂😂😂

Epseps

@chipee well said. Just want to know Thurs mkt open price will up ?? Lol

Hahahaha .....

NatsukoMishima

Taimeili , u should listen to me to vstecs , ranhill , swift haulage , dnex , iwcity !

Remember in 2022. Kossan falls lowest to Rm0.98 while holding cash per share of Rm0.95. THat's 96.9% cash.
Meaning Rm0.03 constitutes the rest of the assets = plants, equipment, lands, business network, corporate structure etc. Dirt cheap.

And why prices can fall so low? Because Profit is King mentality. Traders look at price action and sell. To me that's gambling and totally ignore the fundamentals.

And why price can go up so high now? These upward trends:
> Demand gets higher. Revenue and profit get higher. (Proven)
> US-China rivalry. (Proven)
> Cost of production via automation and they have the cash to do it. Net profit higher (in progress)

I also forsee this regulative situation. Carbon credit. Kossan needs the cash to reduce their carbon footprint by investing in solar panels etc. Using natural gas instead of LPG. Government may require corporations especially public listed companies to buy carbon credit. I see Kossan has been doing that well.

I'm riding the long term trend. You can day trade but sometimes you can miss the boat. To each is own.

I rather have low ROI and ROE than have less cash. ROI ROE are just math. Cash is cash.

We see how market react on Thurs. Tmr is Wesak Day. Market close.

I usually look at comparison to previous quarter to see the immediate business situation. Comparing yoy quarter is more on seasonality.

From Report:
Comparison of Current Quarter (“1Q24”) with immediate Preceding Quarter (“4Q23”)
For 1Q24, the Group’s revenue was recorded at RM451.63 million as compared with 4Q23 of RM400.15
million, the increase mainly from Gloves and TRP divisions. Profit before taxation (PBT) was RM40.98 million
in 1Q24 compared with RM3.43 million in 4Q23 (inclusive of a one-off impairment loss of plant and machinery
amounted to RM35.38 million).

The Gloves division’s revenue increased by 15.19% to RM379.63 million in 1Q24 from RM329.58 million in
4Q23 due to higher quantity sold. PBT of RM26.57 million was recorded as compared with LBT of RM9.30
million in 4Q23 (inclusive of a one-off impairment loss of plant and machinery amounted to RM35.38 million).

The TRPs division’s revenue increased by 10.14% to RM48.95 million in 1Q24 as compared with RM44.44
million in 4Q23 due to higher delivery of products in 1Q24. PBT recorded at RM8.92 million in 1Q24 as
compared with RM9.99 million in 4Q23.

The Clean-Room division’s revenue was recorded at RM23.05 million in 1Q24 as compared with RM26.13
million in 4Q23 due to lower deliveries. PBT recorded at RM2.42 million in 1Q24 compared with RM2.84
million in 4Q23 was in tandem with the lower revenue.

Qtr Report is out.... sigh ... a bit disappointing but profitable. Revenue up 14%.

@Aero1 Was that before covid. I think US and Euro loosen their regulation for covid. But now they slowly filter out gloves that don't meet their standards. Especially glove thickness (quality). US big buyers will like to buy from China at lower cost. But if their shipments keep getting block, this will deter them and order from Msia instead. THen Msia gloves can pass through the costs. These US big buyer need some "re-education" by US port-entry. LoL

Harta financial reports higher ASP and higher demand/revenue. Their diminished profit is due to cost to ramp up NGC Sepang operation. Basically big operation moving from Bestari Jaya to Sepang. Hopefully Kossan has no such operation. Just in situ improvement to operations. And no more impairment losses.

@Aero1 You should read the financial report instead of making assumptions.
Higher ASP and cost to ramp up NGC Sepang operation. Basically big operation moving from Bestari Jaya to Sepang. And lets not forget if Harta sell the industrial land/factory in Bestari Jaya, that could balance of the previous impairment losses.

Aero1
because not able to pass through higher cost now

Whoever release financial report first becomes the bell weather for the rest. 😁

Harta saw an increase in revenue from previous quarter 27.5%. I hope Kossan can be the same. And increase in net profit too.

And Harta is in the black. Their financial end is 31 MArch... so it will include previous quarter losses. But it's improving.

Demand from glove is going up.

Revenue up 27.5% from previous quarter.
Revenue up 24% from previous corresponding quarter
THat's what I like.

I'm not too worry about the Gaza stand. Their people are protesting like hell against Israel.

Oh... hospitalization rate increase. Something to look into.

stncws

https://www.chinapress.com.my/?p=3936851

Kossan already above pre pandemic level. Harta will also reach there.
How is your IWCity? Hahahaa

NatsukoMishima

Tin kosong come bursa to find multibagger stocks for every malaysian to earn money not for own untie run away pathway !🤣🤣🤣🤣
Malaysia glove will never back to pte pandemic level , wake up all , look for other better opportunities !

IT did not increase hospitalization though. Maybe the symptoms not so serious. I think the covid case is not so relevant for glove now. Just focus on China-US rivalry.

Tin kosong makes the most noise 😂🤣😂

NatsukoMishima

US will imposed same tariff on malaysia glove also , becareful !

THx u

KimSua

https://www.bursamalaysia.com/market_information/market_statistic/securities

@KimSua ... May I know where you check the short data?

Yeah ... agree Albukhary. China glove companies may even have impairment losses like Harta and Kossan ...😂

Some comment I post in Harta forum I share it here.

From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.

Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.

All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.

At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.

I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.

From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.

Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.

All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.

At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.

I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.

@Albukhary Good information. Thx you

How is your Iskandar Waterfront? Leaking? 😂

Sweetchocalates

Tg supermx harta have rebounded. What is kossan doning??? LOL

These naysayers been shouting doom since Harta was 1.50 ... Today Harta is 3.55. Their reasons ... China.
US negative sentiment on China is the reason for tariff. US has no such policy with Malaysia. They miss the boat now they cursing the boat ... hahaha.

Yeah. TS Lim Kuang Sia cannot control the market price. He see huge gap up. He sells.
Characteristic of a day trader.


5354_

TS Lim Kuang Sia RM 1+ also disposed so he not everytime sure right?