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latest is 1.08 by RHB. the reason given is Intco China in Indonesia would soon overtake Malaysia exports, plus a slight slash on hartalega pariah esg rating
When RM strengthens significantly, it will make Malaysia goods less competitive vs other regional competitors. If based on current QR earnings (EPS) and forward guidance (prospects) going forward, what will be the fair value based on realistic PE ratios for the glove sector ?
Fair value valuation and forward earnings estimate based on latest QR. Market is always efficient (although subjected to global vagaries and set parameters) for fundamental and blue chip counters.
Comparing sri trang, topglove and harta, we can see that Harta is strongest, in order to be even stronger, some gloves company need to bungkus in order to normalise supply
Major problem for Malaysia glove Big 4 is Intco and other China producers. Before their aggressive entry and increased productions due to the extraordinary profit during COVID-19 period, global & high premium (US & Europe) market shares mainly with Malaysia Big 4.