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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Supermax Shares Drop to Nine-Month Low After Reporting Largest Quarterly Loss

Shares of Supermax Corp Bhd, a major glove manufacturer, dropped nearly 5% to their lowest level in over nine months following the announcement of its largest quarterly loss. The stock fell to 78 sen, with a market capitalization of RM2.15 billion, reflecting investor concerns over the company's financial performance.

Key Points:

  1. Significant Quarterly Loss: Supermax reported its largest quarterly loss, leading to a sharp decline in its share price. The company's revenue for FY2024 decreased by 21.4% due to lower sales volume and declining average selling prices (ASPs).

  2. Future Outlook: CIMB Securities expects Supermax to return to profitability by FY2025, driven by improved ASPs and sales volume as supply-demand dynamics in the global glove sector become more favorable. However, margins are anticipated to remain constrained due to the strengthening of the ringgit.

  3. Analyst Recommendations: Despite the expected recovery, CIMB maintains a 'hold' rating on Supermax, lowering its target price from 96 sen to 87 sen. The forecasted core net profits for Supermax are RM31.4 million for FY2025, RM58.1 million for FY2026, and RM80.8 million for FY2027.

The decline in Supermax’s stock price highlights ongoing challenges in the glove industry, particularly in the face of currency fluctuations and changing market dynamics.

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