telegram华人群( Glove and Hartalega to be booted out?

admin 2个月前 (06-27) 社会 22 0

telegram华人群是一个Telegram群组分享平台。telegram华人群包括telegram华人群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram华人群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。



PETALING JAYA: The poor valuation of glove stocks amid bearish sector fundamentals and lack of investor interest may signal underlying fears that the counters will likely be excluded from the FBM KLCI in the next biannual round of index component reviews in December.

The two glove makers in the FBM KLCI, Top Glove Corp Bhd and Hartalega Holdings Bhd, are likely to be excluded from the 30-stock index as their market capitalisation have fallen drastically.

Top Glove and Hartalega have seen their market capitalisation drop to RM8.1bil and RM9.7bil respectively.

Top Glove’s share price has plunged by almost 79% over the past 12 months to 98.5 sen yesterday while Hartalega has declined by 66.4% to RM2.82.

The only other FBM KLCI constituent with a market capitalisation of below RM10bil is tech concern Inari Amertron Bhd, which is valued at RM9.6bil.

A dealer said the exclusion of Top Glove and Hartalega is bound to happen as glove stocks are no longer the darling of investors as concerns grow about their pricing power the companies have in a product market suffering from oversupply.

Pankaj C. Kumar, the managing director of Datametrics Research and Information Centre, said Top Glove and Hartalega look set to exit FBM KLCI at a time when they are trading at nearly five-year lows.

Ironically, at its height in August 2020, Top Glove was 40 sen a share away from unseating Malayan Banking Bhd as the largest capitalised stock on Bursa Malaysia, after the former’s market capitalisation exceeded RM78bil.

At the same time, Hartalega emerged as one of the top five stocks valuable counter on FBM KLCI, with a market capitalisation of over RM58bil.

Glove stocks were the biggest beneficiary of Covid-19, as they rode high on skyrocketing demand for gloves and surging selling prices. However, the euphoria over glove companies was short-lived.

Supermax Corp Bhd, one of the Big Four local glove makers, was booted out of FBM KLCI in June 2021 after being added into FBM KLCI in December 2020.

In contrast, Hartalega was included in the benchmark index in June 2018, followed by Top Glove in December the same year.

Sunbet声明:该文看法仅代表作者自己,与本平台无关。转载请注明:telegram华人群( Glove and Hartalega to be booted out?


  • (*)




    • 文章总数:7580
    • 页面总数:0
    • 分类总数:8
    • 标签总数:2140
    • 评论总数:6174
    • 浏览总数:775415