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EXCHANGE RATE PREDICTION: 2022

Glove makers advance as Covid lockdowns expected to worsen in China Vote_lcap16%Glove makers advance as Covid lockdowns expected to worsen in China Vote_rcap 16% [ 43 ]
Glove makers advance as Covid lockdowns expected to worsen in China Vote_lcap21%Glove makers advance as Covid lockdowns expected to worsen in China Vote_rcap 21% [ 57 ]
Glove makers advance as Covid lockdowns expected to worsen in China Vote_lcap30%Glove makers advance as Covid lockdowns expected to worsen in China Vote_rcap 30% [ 83 ]
Glove makers advance as Covid lockdowns expected to worsen in China Vote_lcap34%Glove makers advance as Covid lockdowns expected to worsen in China Vote_rcap 34% [ 93 ]

Total Votes : 276

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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Glove makers advance as Covid lockdowns expected to worsen in China

Glove makers advance as Covid lockdowns expected to worsen in China

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ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

Glove makers advance as Covid lockdowns expected to worsen in China Glove-Malaysia_20200711122335_bloomberg_2_14

https://www.theedgemarkets.com/article/glove-makers-advance-covid-lockdowns-expected-worsen-china

KUALA LUMPUR (Oct 31): Shares in glove makers advanced in the mid-morning on Monday (Oct 31) against the backdrop of China intesifying lockdowns in several cities on resurging coronavirus cases.

At 11.45am, Top Glove Corp Bhd had risen 4.43% or 3.5 sen to 82.5 sen, Careplus Group Bhd jumped 6.38% or three sen to 50 sen, Supermax Corp Bhd added 2.66% or 2.5 sen to 96.5 sen, Hartalega Holdings Bhd ticked up 0.47% or one sen to RM2.14, Kossan Rubber Industries Bhd added 0.81% or 1.5 sen to RM1.24, and Adventa Bhd rose 2.11% or 1.5 sen to 72.5 sen.

Bloomberg reported that Beijing is expected to keep its zero-Covid policy in place until at least March 2023, wrote economists at Nomura Holdings Inc led by Lu Ting in a Monday note.

They added that the lockdown situation will likely worsen “due to the winter season and more infectious variants”, and said they expect export growth to keep sliding and the property sector to deteriorate further “on the lack of a comprehensive solution”.

Early indicators including car and real estate sales weakened in October, while global trade and small business confidence contracted, pointing to a grim outlook for the economy

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https://www.theedgemarkets.com/article/shares-glovemakers-rise-covid19-cases-continue-flaring-china
Shares in glovemakers rise as Covid-19 cases continue flaring up in China

KUALA LUMPUR (Nov 2): Shares in glovemakers rose in morning trades on Wednesday (Nov 2) as coronavirus cases continue flaring up in several provinces in China and Health Minister Khairy Jamaluddin said Malaysia is currently experiencing a small wave of Covid-19 cases.

At the time of writing, Top Glove Corp Bhd added 0.63% or 0.5 sen to 80 sen, Careplus Group Bhd ticked up 0.98% or 0.5 sen to 51.5 sen, Hartalega Holdings Bhd added 0.94% or two sen to RM2.15, while Adventa Bhd rose 2.14% or 1.5 sen to 71.5 sen.

Chinese government-controlled Global Times on Wednesday reported that as Covid-19 flares up in several places across China with total daily cases nearing 3,000, many localities, including Central China's Henan and South China's Guangdong, are stepping up efforts to contain the virus and resume work and life as soon as possible.

It said to better take precautions against potential Covid-19 outbreaks in the winter and next spring, Henan province held a meeting on Monday, calling for full preparations in face of the grim epidemic situation and requesting all local officials not to slack off and make all efforts to ensure people's safety and health.

Stocks related to rubber gloves in Bursa Malaysia.

Today's Price Rally

Median PE: 6.8
Median Altman-Z: 1.7
Median FCON:

Stock Last Price Price Change %

HARTA 2.02 +5.21
TOPGLOV 0.745 +3.47
KOSSAN 1.11 +1.83
SUPERMX 0.89 +1.14
HEXCARE [NS] 0.425 +2.41
COMFORT 0.51 +4.08
CAREPLS 0.49 +7.69
HLT [NS] 0.24 0.0 179 0.0 0.4
ESCERAM 0.225 +2.27
FLEXI 0.22 0.0 62 44.7 1.9

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