Gloves Back in Trend? Sentiment or Fundamental Driven?

Local glove stock prices have seen a nice price run-up recently, supported by strong volume as well. For example, Top Glove (TOPGLOV) one of the world's leading glove manufacturers continues to attract investors' attention in Bursa Malaysia this year.

The stock has been traded actively since reporting its latest quarterly result, which is still in the red, as investors seem to believe that the worst might be over and looking ahead for turnaround profitability during the second half of 2023.

To recap, prices of glove stocks plunged from November 2020 high. There are indications that the glove sector has probably reached its lowest point and is now beginning to turn around?"

Now, the question is whether this is sentiment or fundamental driven?

What is the implication of Silicon Valley Bank (SVB) collapse in Malaysia?

Silicon Valley Bank, one of the most prominent financial institutions catering to the technology industry, has been in the news lately for all the wrong reasons. The bank, founded in 1983, has been a pillar of support for tech startups, venture capitalists, and entrepreneurs.

However, recent developments have revealed that the bank is facing significant challenges, including a decline in profits, a rise in loan losses, and regulatory scrutiny. The bank has been struggling to cope with the economic fallout of the COVID-19 pandemic, and its exposure to risky loans has raised concerns about its long-term viability.

In this blog post, we will delve into the factors that led to Silicon Valley Bank's collapse, the impact it will have on the tech industry, and what is the potential impact on Malaysia.

Who is SVB?

Show Me Your Love with EPF i-Sayang :)

"Action speaks louder! Don't just say that you love me, let's show it to me!"

Be careful, this might be the statement to be issued by your lovely wife if she read about this article. 😂💭 Sound so serious? Yes. I dare you not to understand this and can go back home comfortably starting tonight. 💞

What is EPF i-Sayang?

(Budget 2023) How Much is your Tax Savings or Tax Burden?

During the re-tabled of Budget 2023, Prime Minister cum Finance Minster Datuk Seri Anwar Ibrahim said the government realised it has not provided much for the country’s middle-income M40 group as the focus has been on assisting the B40 and hardcore poor in recent years.

In dealing with high cost of living and increasing disposable income among middle-income Rakyat, it is proposed the resident individual income tax rate be reduced by 2% for each chargeable income band between RM35,001 to RM100,000.

At the same time, the government will raise the tax rate of those earning between RM100,000 and RM1 million by 0.5% to 2%, depending on their income brackets.

How much is the tax savings or tax burden?

6 counters that may satisfy your ESG appetite

Environmental, Social and Governance (ESG) is a term used to represent an organization's corporate financial interests that focus mainly on sustainable and ethical impacts. Capital markets use ESG to evaluate organizations and determine future financial performance.

Since 2021, research analysts have assigned ESG scores to all companies under their coverage, monitored these scores, and also integrated them into their stock valuations. We believe sustainable investment strategies will continue to deliver above-market returns.

ESG has widened a company’s stakeholder list but how corporates embrace, adapt and benefit from ESG can be equally broad, from the use of more renewable energy to the introduction of new products.

And, in this article, we would like to highlight some of the listed companies on Bursa Malaysia, which is doing good in terms of ESG and why.

Let's kick things off with the below (not in any specific rankings)...