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1 month ago | Report Abuse
(f) Heading 9903.91.05 applies to products of China that are classified in the following 8
digit subheadings, effective with respect to goods entered for consumption, or withdrawn
from warehouse for consumption, on or after 12:01 a.m. eastern standard time on January 1,
2025:
(1) 4015.12.10
1 month ago | Report Abuse
Medical Gloves
HTSUS
Subheading Product Description Rate Timing
4015.12.10 Medical or surgical gloves of vulcanized rubber
other than hard rubber
50% 2025
100% 2026
1 month ago | Report Abuse
The US tariff of 50% is effective from 1st Jan 25 as per USTR fact sheet. US companies would avoid ordering fr China glove companies due to potential delay of the delivery via shipment before 31st Dec 2024.
1 month ago | Report Abuse
The biggest potential beneficiary of US tariff on China gloves would be TG. Only TG has the manufacturing size to fill up the gap left by the China player.
2 months ago | Report Abuse
The results show total 549 disinterested shareholders voted FOR vs 104 voted AGAINST. I saw only about 100+ shareholders turned up for the EGM. 🤔
2024-06-19 20:28 | Report Abuse
The boost of USA tariff of 25% in 2026 will only have temporary effect, as China will gain more market share in Europe. The supply & demand will be rebalanced as a whole. The ASP will more or less back to 2025 level after that.
2024-06-19 20:13 | Report Abuse
In the AGM, Mr Lim mentioned that the worst was over, however the recovery is more like a L shape, instead of V. Utilisation rate was about 60% only for Apr & May.
2024-06-19 14:45 | Report Abuse
Market expectation was TG turn black in 2nd half (this quarter onwards) as per uncle Lim's interview with Sin Chew one month ago.
2024-06-19 14:17 | Report Abuse
Kelvinfixx, it means the profit margin drop (-ve operating margin). Malaysia glove players still have lower hand in the price negotiation process.
2024-06-19 14:05 | Report Abuse
As usual, uncle Lim painted a very bright future for his company. This time is in 2026, another 1 & half year to go. If based on current ASP price trend prediction, expect another operating loss next quarter. Hope there are more excess land to sell in coming quarters to maintain in black.
2024-05-30 04:38 | Report Abuse
Strong margin call pressure. Limit down.
2024-05-30 04:37 | Report Abuse
Companies’ UMA response can’t clear the air. No conclusion from the emergency board meeting except to form the investigation team to probe further.
2024-05-29 20:58 | Report Abuse
Long way to learn on understanding this wave fr FA perspective.
2024-05-29 20:51 | Report Abuse
When the price is right, even owner of the company & ABRDN will also dispose their shares. Good luck long term investor.
2024-05-27 20:03 | Report Abuse
No way Supermax can turn around in this quarter. Last quarter profit margin was close to -50%.
2024-05-27 19:58 | Report Abuse
Harta is the most overvalue among big 4. No more deserve for high PE for its R&D advantage if compared to China competitors. Will slowly fall back to PE comparable other peers.
2024-05-27 19:52 | Report Abuse
Don’t blame tax. Just look at PBT
2024-05-22 22:06 | Report Abuse
the current quarter financial result of Harta & Kossan show compression of profit still persist. Higher revenue with a same/ lower profit.
2024-05-22 22:00 | Report Abuse
too much cash with low profit = a slack management. basic finance knowledge.
2024-01-23 07:19 | Report Abuse
He is getting poorer? Questionable 1.2b deposits for JV projects still with him
2022-12-30 16:50 | Report Abuse
My Stocks Pick for 2023
- Harta 10%
- Kossan 25%
- LHI 30%
- Supermx - 30%
- TopGlov - 5%
Thanks Mr. Tan
2021-08-13 22:44 | Report Abuse
Since Maybulk performs annual impairment assessment on the vessel value, the realisation of 75% increase of the vessel value this year will be pure profit, which will come to total 89m for both vessels in Q3.
2021-06-30 22:45 | Report Abuse
Last quarter result just announced yesterday was below expectations.
Half of the gross profit was from reversal of impairment losses. Can already forecast what’s the profit like even though MCO is lifted in future.
2021-06-30 12:43 | Report Abuse
Only ppl work in audit line or finance division know how serious are these ‘trivial’ issues.
2021-06-29 17:00 | Report Abuse
Current price makes more sense for me.
Not sure how EPF & KWAP think?
As usual, they're much more prudent in their investment.
2021-06-28 15:52 | Report Abuse
EPF & KWAP think the same too...
Really not make sense.
2021-06-27 15:56 | Report Abuse
Why repeat the same contents here.
Most of us would have watched the press conference last week.
I think we all know who is the T20 insider.
Who else?
2021-06-24 14:53 | Report Abuse
Retailers see it as good news & immediately buy, fund managers see it as bad signal & quickly sell.
2021-06-23 23:05 | Report Abuse
Issue statement: Audit findings
Facts: Petty issues
Actions:
1.Resolve it there & there with auditors, or
2. As advised, appoint independent reviewer
Issue statement: Audit findings
Facts: Fraud
Actions:
1. Try to sack auditors
2. Sack & reshuffle audit committee
3. Appoint lawyer to start legal suit to terminate auditors
4. Buy time to cover up
5. Appoint independent reviewer? Wait! I haven’t done no. 4!
2021-06-23 17:41 | Report Abuse
Nowadays auditors are all very cautious in signing annual report due to huge penalty imposed on 1MBD case. Not everthing can kaudim.
Dont think any other big 4 firms will be willing to take up the independant review or replace KPMG as the new auditors.
Wont pass their internal due diligent process on new clients.
2021-06-23 17:26 | Report Abuse
The ultimate objective of yesterday PC - Force KPMG to resigned:
Sections 430 and 120 of the Malaysian Institute of Accountants (MIA) by-laws states that a litigation between an auditor and a client will likely deter the accountant from acting objectively, and may only be addressed by ending the relationship.
2021-06-23 17:26 | Report Abuse
KPMG is protected by being sued by SC act.
Under Section 320 of the Act, auditors are required to report to the Securities Commission Malaysia (SC) and the exchange any cases that adversely affect to a material extent the financial position of the public listed company (PLC), or any breach of securities laws and rules of the exchange.
https://www.theedgemarkets.com/article/kpmg-says-audit-was-proper-and-will-contest-serba-dinamiks-suit-—-can-company-sue-its
2021-06-23 15:13 | Report Abuse
Dont you all see KPMG is firm on their stand? If they make mistakes, they would have done damage control much earlier to avoid the current situation.
Now, this stock has attracted short selling from foreign instituitions, just like TogGlove. Go and check the total net short position in Bursa.
2021-06-22 17:50 | Report Abuse
It shows they have no intention to resolve the issues, just to make use legal suit as an excuse for delay of issuance of the annual report, & hopefully KPMG will resign as their auditor.
I expect KPMG will counter sue and instituitions like EPF will throw more of their shares.
2021-06-22 14:06 | Report Abuse
Go study more of last quarter profit composition.
Dont mislead the investors & got a potential surprise -ve profit for the coming quarter due to fair value loss.
2021-06-21 15:31 | Report Abuse
49m wb converted to mother shares & will be listed tomorrow.
Good luck guys!
2021-06-20 21:21 | Report Abuse
Last Friday is quadruple witching day. Pls google if wanna find out more.
2021-06-20 12:22 | Report Abuse
It’s our national team doing window dressing for KLCI using heavyweight blue chip like Tenaga. 1st day playing shares?
2021-06-13 12:12 | Report Abuse
Same tactics like last year.
Whenever there was Malaysia public holiday, the big players will pushed up the price easily 10% in Singapore market.
The newbies will chase high the next day morning. By end of the day, the price went back the same like previous closing price.
It’s easy to be done, just spend few million ringgit in overseas market, whereas they can sell hundred millions in Malaysia. Volume is thin in overseas.
Beware!
2021-05-31 02:52 | Report Abuse
From cash flow perspective, the company distributed lesser dividend even though they earned higher EPS since 2019. Hhmmm...
2021-05-27 10:02 | Report Abuse
Who is attending AGM today? Any update pls?
2021-05-07 17:44 | Report Abuse
Q1 result will be catastrophe due to reinstatement of export tax of 8% on CPO.
Good luck for those who rush in now.
2021-05-02 16:25 | Report Abuse
What golden rules? He is the master of TA nowadays.
2021-04-26 13:03 | Report Abuse
Agree. Hold tight your tickets. Expect 50% to 70% up in Harta result, with additional 45 sen dividend.
Another boost to glove counters as a whole.
2021-04-26 12:52 | Report Abuse
Why bother about comment of someone(s) who proven he is wrong in the glove stocks cycle? Logic tells you highly likely he will be continuously be wrong in predicting the cycle.
2021-04-26 12:49 | Report Abuse
I’m not sure if China ASP price is cheaper or not for the same type of glove. But I’m very sure their share price definitely much higher in term of PE ratio.
2021-04-25 13:10 | Report Abuse
The investigation is initiated by MACC & IRB. SC has not played any role in the investigation so far.
As usual, SC fails in their role to protect retail investors.
They are 60 over companies in this group, haven’t counted other groups, Not a single investigation initiated.
A big fail!
Stock: [HARTA]: HARTALEGA HOLDINGS BHD
1 month ago | Report Abuse
Investors who think optimistic about China glove stocks can invest now. China glove manufacturer Intco is in fire sale, LU 20% today. Might be even cheaper tomorrow. Don’t miss the chance & why bothering about overprice glove stocks in Malaysia.