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Malaysian glove industry is dead in the long run. China players have already vertically integrated their operations, and they control the whole supply chain. Meanwhile Malaysian glove players they still have to buy the raw material in the market. China players cost structure now is much lower and it is too late now to change anything but to get steamrolled by the Chinese players. This is the result of year in year out doing the same thing when times were good and not looking to consolidate thie operations.
This counter has no strategic future. China EVs are conquering the globe and they have vertically integrated their whole supply chain. They have the scale to do their own testing, why KESM EV tesing is needed? Pivoting to EV chip testing is a strategic mistake.
luckily sold earlier when 59 sen. Rubbish company with rubbish prospects (tariff from US and reliance on export market especially US) and rubbish governance (appointing own family member - daughter into company directorships / management)
This share only worth RM6.50. When buying Malaysian shares, must value at a heavy discount. For starters, index linked stock like PPB should value at a 50% discount of NTA.
Not sure if anyone realised this:
Wilmar carrying value in PPB is RM21.2m. Now Wilmar's market cap is 18.83m SGD, PPB share is ~RM12m.
Wilmar's earnings is RM5m last year. So proportionate to PPB share is RM1m. Last year PPB can still justify to auditors, with low enough discount rate and high enough growth rate. Not sure if this year still able to do the same without impairment.
The exposure for impairment on Wilmar carrying value can be as high as RM9 bil. Just saying so that you are aware of this if you are trying to scoop up PPB share at "low price" now.
Lol. MY market retailers are funny lot. Assigning PE30 when Inari is just one part of the supply chain involving Broadcom and the Apple ecosystem. Now with Trump traiff, the US market has fundametally changed. Is it worth 1.50? Maybe not? Now why is it worth PE24 at 1.50? Why not PE 15?
Share price dropped alot but still not worth this price. Rationally speaking why buy a company at PE30, somemore only part of a global supply chain with no pricing power unlike big tech in the US. The only reason it was valued like this is because support by institutions and retailer buying to the hype. Already 1.90 now. 1.50 by year end.
