皇冠现金网
热门标签

新2足球app:Falling demand, lower prices drag glove makers

时间:1个月前   阅读:10   评论:2

新2足球appwww.hg9988.vip)实时更新发布最新最快最有效的新2足球网址,新2足球app下载,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

Hartalega Holdings Bhd’s shares fell 35 sen or 12.5% to RM2.45, erasing some RM1.2bil in market capitalisation, with the stock now trading at five-year lows as investors digested its 96% year-on-year (y-o-y) drop in earnings for its second quarter. Top Glove Corp Bhd fell five sen or 5.6% to 93 sen which erased RM400mil of its market value as its shares hit values last seen five years ago.

PETALING JAYA: Glove makers came under fresh selling pressure yesterday on bearish demand-supply fundamentals as analysts warn a glut in the world market is set to pressure average selling prices (ASPs) further as Chinese glove makers push for market share.

Local glove makers are now caught in a perfect storm of falling demand, lower pricing power and a jump in supply and production capacities that are hitting margins hard.

Hartalega Holdings Bhd’s shares fell 35 sen or 12.5% to RM2.45, erasing some RM1.2bil in market capitalisation, with the stock now trading at five-year lows as investors digested its 96% year-on-year (y-o-y) drop in earnings for its second quarter.

Top Glove Corp Bhd fell five sen or 5.6% to 93 sen which erased RM400mil of its market value as its shares hit values last seen five years ago.

Supermax Corp Bhd shares ended three sen lower at 82 sen, losing RM80mil in market capitalisation. At its current price, Supermax shares are trading at two-year lows.

The sharper fall in Hartalega shares is partly due to the Employees Provident Fund being a net seller of the stock, an exchange filing by the company showed.

,

欧博注册官网www.aLLbet8.vip)是欧博集团的官方网站。欧博注册官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

CGS-CIMB Research continues to like Hartalega for its industry-leading margins and technology advantage in nitrile gloves.

Analyst reports yesterday stated that industry players were set to face challenging times ahead following declining utilisation rates and softening ASPs amid the weak global demand.

This is reflected in Hartalega’s 96% y-o-y core net profit drop to RM88.3mil for the first quarter of financial year 2023 (1Q23) results.

It missed most estimates due to lower-than-expected ASPs from the supply glut in the global glove sector.

According to CGS-CIMB Research, Hartalega is expected to post sequentially lower earnings in the next three quarters.

“We gather global glove demand is still weak, with customers keeping low inventory levels. There is also an abundance of supply in the market.

“Glove makers, especially from China, are lowering their ASPs to be competitive in the market,” it said in its note to clients yesterday.

上一篇:约搏ETH单双博彩:Ông Dương Văn Hiền rút khỏi tranh cử Ủy viên BCH VFF

下一篇:菲律宾博彩网址:艺术 | 老艺术家文化志愿服务工程民乐团线上民族音乐会取得圆满成功

网友评论

  • 2023-01-02 00:19:49

    Hàng năm, Việt Nam dành khoảng 6 – 6,5 triệu tấn gạo cho xuất khẩu gạo. Do vậy, khi xây dựng Nghị định số 107/2018/NĐ-CP, hoạt động nhập khẩu gạo không thuộc phạm vi điều chỉnh của Nghị định 107/2018/NĐ-CP bảo đảm phù hợp với thực tế tại thời
    điểm xây dựng nghị định.
    吃饭我也在看