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2023-11-28 16:10 | Report Abuse
Rubber Gloves - Regaining Momentum on Sales Volume
Date:
2023-11-27
Firm:
PUBLIC BANK
Stock:
TOPGLOV
Price Target:
0.63
Price Call:
SELL
Last Price:
0.91
Upside/Downside:
-0.28 (30.77%)
Firm:
PUBLIC BANK
Stock:
KOSSAN
Price Target:
1.38
Price Call:
HOLD
Last Price:
1.74
Upside/Downside:
-0.36 (20.69%)
Firm:
PUBLIC BANK
Stock:
HARTA
Price Target:
2.11
Price Call:
HOLD
Last Price:
2.54
Upside/Downside:
-0.43 (16.93%)
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2023-11-08 22:19 | Report Abuse
In 3Q/2023, STGT recorded a net profit of THB 47.4 million, up 212.5% QoQ and 117.6% YoY, with a net profit margin of 1.0%. • Revenue totaled THB 4,740.9 million, decreasing THB 296.0 million or 5.9% QoQ and THB 143.0 million or 2.9% YoY. • By product, latex powdered gloves (NRPD) contributed the largest proportion of sales revenue at 41%, followed by latex powder-free gloves (NRPF) and nitrile gloves (NBR) at 38% and 21% of sales revenue, respectively. • The ASP in 3Q/2023 was THB 605 (USD 17.28) per 1,000 pieces, decreasing 3.5% QoQ and 21.4% YoY. • THB depreciated 2.0% QoQ but appreciated 3.4% YoY against USD. • Sales volume totaled 7,597 million pieces, decreasing 0.8% QoQ but growing 19.1% YoY. The YoY volume growth was driven by a 12.4% increase in NRPD gloves, which count Asia and Latin America as major markets, indicating that an order situation in those markets has started to return to normal. • The decrease in ASP followed the decline in NR and NBR latex costs. THB also depreciated QoQ against USD. As a result, we were able to maintain utilization rate in 3Q/2023 at 58.9%.
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2023-10-19 21:42 | Report Abuse
While inflation has abated significantly from its peak levels in June 2022, progress has been choppy and Fed officials like Waller are eager to see if the tightening they've delivered so far begins to "bite" and slow activity sufficiently to return inflation to target without causing a recession.
A Reuters poll of more than 100 economists published on Wednesday showed more than 80% expect no rate hike at the next meeting, and most also believe the Fed is done with rate hikes even though a majority of policymakers at their September meeting projected one more quarter-point increase was likely to be needed by year end.
Many in the poll offered the caveat that if progress on inflation stalls out or reverses, the Fed would not hesitate to resume raising rates.
Waller said as much on Wednesday: "If the real economy continues showing underlying strength and inflation appears to stabilize or reaccelerate, more policy tightening is likely needed despite the recent run-up in longer-term rates."
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-11-29 13:36 |
Post removed.Why?