首页 社会内容详情
皇冠登三出租:Rubber glove oversupply situation likely to continue

皇冠登三出租:Rubber glove oversupply situation likely to continue

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

皇冠登三出租www.hg108.vip)是皇冠(正网)接入菜宝钱包的TRC20-USDT支付系统,为皇冠代理提供专业的网上运营管理系统。皇冠登三出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让皇冠代理的运营更轻松更安全。

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is downgrading its forecasts on rubber glove makers as the sector is faced with an oversupply situation coupled with inflationary pressures.

According to the research house, there is a demand-supply imbalance caused by aggressive expansion during the pandemic, which is expected to continue in 2H22.

"In view of the intense competition, especially in the nitrile space, we also expect to see further margin contractions in 2H22 as we believe the glove makers are unable to fully pass on the hike in costs to buyers," it said.

The research house noted that some new entrants are looking to exit the industry given the challenging environment, but it would take the collective effort of industry players to curtail excess supply.

"From what we gather, most of the glove makers are keeping their expansion plans on hold for now," it said.

HLIB added that the high inflationary environment has impacted glove players in the form of cost pressures from higher raw materials, wages and natural gas costs.

It said raw material prices are not expected to ease in 2H22 as latex production climbs post-wintering season coupled with lower demand for nitrile butadiene rubber.

In addition, HLIB expects ringgit appreciation against the US dollar in 2H22, which would be detrimental to glove makers.

,

新2手机管理端网址www.99cx.vip)实时更新发布最新最快最有效的新2手机管理端网址,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。

,

"Owing to the soft demand and intense competition, glove makers now have lesser pricing power and have yet to return to the cost-plus basis model.

"Margin erosions are likely to continue in 2H22 in our view, as the cost hikes were unable to be fully passed on," it said.

HLIB, which has an "underweight" recommendation on the sector, slashed its FY23-24 earnings projections on Hartalega Holdings Bhd by 30% to reflect the anticipated margin erosion.

"Not to mention Hartalega also has the highest exposure to nitrile gloves (c.96% of FY22 sales volume are made up of nitrile gloves), a segment that is facing the fiercest competition at present.

"All in, we lower our TP for Hartalega to RM2.37 (from RM4.21) and our recommendation is also subsequently downgraded to 'sell'," it said.

The research house also cut its earnings estimates on Kossan Rubber Industries Bhd by 18-27% to factor in the expected margin squeeze, and lowered its target price to RM1.44.

However, it maintained "neutral" on the stock given its smaller annual output capacity is likely to fill up sooner with any possible increase in orders.

HLIB revised higher its earnings forecast for Top Glove Corp Bhd by less than 3% for FY22-24 on adjustment to its RM-US$ exchange rate assumption. It maintained "sell" on the stock with a slightly higher target price of 83 sen.

  • 我的心拔凉拔凉的 @回复Ta

    2022-12-19 00:01:20 

      阿多韦兰德认为,鉴于中国举办各类国际活动的经验,人们有理由期待北京冬残奥会将办成一场高质量盛会。他认为,北京冬残奥会的成功举办也会让世界看到中国残疾人事业的发展。他说,早在北京冬残奥会之前,中国就非常关注残疾人事业,为残疾人建设社会支持网络,帮助他们积极融入社会。“我曾有幸到访中国多个省份,参观了一些残疾人福利中心。”阿多韦兰德说。谁是推荐来的

发布评论