- Last Friday, the Office of the United States Trade Representative (USTR) announced the final modifications concerning the statutory review of tariff actions on China. This entails a new tariff rate on medical/surgical gloves, which will be revised to 50% and 100% (effective 2025 and 2026) from 25% effective 2026 as proposed in May.
- - Read this at SGinvestors.io -
- Still OVERWEIGHT on Glove manufacturing sector; Top Picks: Riverstone (SGX:AP4), Hartalega, and Kossan Rubber.
A relief for local players.
- - Read this at SGinvestors.io -
- Recall: In Sep 2019, when the US imposed a 7.5% tariff on China-made products, US gloves import volumes from China fell to just 7% in Jan 2020 from pre-tariff volumes of 14-16%.
Implications for China players.
- Read more at SGinvestors.io.
Oong Chun Sung RHB Securities Research | Singapore Research RHB Invest | https://www.rhbgroup.com/ 2024-09-17
Read also RHB's most recent report:
2024-08-07 Riverstone - Results In Line With Expectation; Maintain BUY.
Previous report by RHB:
2024-05-13 Riverstone - Let The Good Times Roll; Keep BUY.
Price targets by other brokers at Riverstone Target Prices.
Listing of research reports at Riverstone Analyst Reports.
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Riverstone Announcements,
Riverstone Dividends & Corporate Actions,
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