Bursa Alert
Global Market
NewsGlove makers buck cautious market
Page 1 of 1
Glove makers buck cautious market
by Cals Tue 18 Jun 2013, 17:34
Published: Tuesday June 18, 2013 MYT 10:20:00 AM
Updated: Tuesday June 18, 2013 MYT 12:29:17 PM
Glove makers buck cautious market
KUALA LUMPUR: Shares of glove makers advanced in early Tuesday trade, bucking the cautious market sentiment, with Hartalega and Kossan among the top gainers.
At 10.08am, Haratalega rose 23 sen to RM6.79 with 1.10 million shares done while its warrants added 19 sen to RM2.54.
Kossan added 17 sen to RM4.50 while Top Glove rose four sen to RM6.14 and Supermax three sen to RM1.94.
Alliance Research had Hartalega and Kossan as its top picks for the glove sector, with the research house reiterating an "overweight" recommendation on the sector.
"Among the two, we like Hartalega as a medium to long-term investment (one to three years), as we are convinced that it will emerge as the industry's game-changer in two year's time, once its Next Generation Integrated Glove Manufacturing Complex (NGC) kick-starts in August 2014 which could yield a 6% extra margin due to better efficiency.
Updated: Tuesday June 18, 2013 MYT 12:29:17 PM
Glove makers buck cautious market
KUALA LUMPUR: Shares of glove makers advanced in early Tuesday trade, bucking the cautious market sentiment, with Hartalega and Kossan among the top gainers.
At 10.08am, Haratalega rose 23 sen to RM6.79 with 1.10 million shares done while its warrants added 19 sen to RM2.54.
Kossan added 17 sen to RM4.50 while Top Glove rose four sen to RM6.14 and Supermax three sen to RM1.94.
Alliance Research had Hartalega and Kossan as its top picks for the glove sector, with the research house reiterating an "overweight" recommendation on the sector.
"Among the two, we like Hartalega as a medium to long-term investment (one to three years), as we are convinced that it will emerge as the industry's game-changer in two year's time, once its Next Generation Integrated Glove Manufacturing Complex (NGC) kick-starts in August 2014 which could yield a 6% extra margin due to better efficiency.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stocks Glove makers mixed reaction to US Ebola scare; Top Glove, Supermax buck KLCI decline
» Not quite a turnaround yet for glove makers
» Glove makers in play
» Taiwan PC makers cautious as tablets, weak economy bite
» Glove makers up in early trade
» Not quite a turnaround yet for glove makers
» Glove makers in play
» Taiwan PC makers cautious as tablets, weak economy bite
» Glove makers up in early trade
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum