GE15 election result will be VERY close. No one, including political analysts, know whether Barisan Nasional can take the next election. Foreign investors are generally uninterested, local institutions are apathetic and retail investors are tired of the macroeconomics. This is one of the least exciting stock market vibes I have experienced. There used to be high trading volume before elections. But this time it is different.
Harnlen is a very well-managed company. Energy and plantation will definitely do well. If labour shortage didn't happen, plantation sector would've done much better. My final price target for Harnlen and last comment on this forum. It has been a wild ride for all investors/traders. Good bye and good luck to y'all
Key Catalysts for Traders and Investors: 1. US Supreme Court decision Roe v Wade to spur an uptick in condom usage (NA and EMEA region) 2. Recent fall of freight rates as well as raw material costs such as rubber and silicone oil (been a major concern due to supply chain issues since Q2 FY20). This will greatly reduce distribution expenses, manufacturing costs. Likely to contribute towards at least ~8% of their net profits in FY23 3. Consolidation of major industry players such as Reckitt Benkinser and more to contribute towards market share growth for Karex 4. High management confidence as reflected in previous briefing and earning calls. The chairman is very confident about the company outlook moving forward. Utilization rate has already improved signficantly 5. The company is actively putting CAPEX into improving production capacity for other alternative products apart from its core product. (The Edge: The planned RM40 million glove manufacturing facility was announced in August 2020, during the height of the Covid-19 pandemic. The factory is located in Hatyai, Thailand, with a planned capacity of up to 2.5 billion pieces annually.) 6. No need to raise equity or share issuance to pay debt. Cash position looks good and balance sheet remains healthy despite heavy investments. 7. Strong macroeconomic support. The healthcare sector is generally resistant against any form of economic downturn.
This will be another high conviction play like Kawan Food. No short-term trade for me, at least 6 month hold
Bad for corporations because government will boost taxes and increase spending to "help the people". In reality, government will increase corporate tax and spend it on infrastructure and green energy. These are all bad for commodity producers that have low ESG/sustainability score.
KLSE will have a slight sell-off if PH takes the election and vice versa. Foreign investors really hate Anwar Ibrahim and Mahathir. A few years ago, when PH was elected, huge equity outflows in Tenaga, Petronas Dagangan and Kuala Lumpur Kepong. Inflows in telecommunication and tech companies like Time Dotcom, Greatech and Malaysian Pacific Industries (2019 - 2021).
Nah, foreign investors really do not like Anwar Ibrahim. Did you watch Bloomberg interview with Anwar a few days ago? The interviewers were unsatisfied when Anwar indicated that he will increase corporate tax on corporations during the interview