️Macro Alpha Analytics🫆

新加坡金管局 准备好遏制新元过度波动 https://www.enanyang.my/node/659046

与特朗普尽早达成关税协议的国家将获得更有利的条件。 大马还可以加购 Boeing 飞机 ✈ （谈判筹码）

金价升破3150美元 触及纪录新高 - 财经 - 即时财经 https://www.sinchew.com.my/news/20250403/finance/6421223

Rubber Products (OVERWEIGHT) ⬆️⬆️ UPGRADE No Rain, No Flowers; Upgrade To OVERWEIGHT Regional Sector Update Upgrade to OVERWEIGHT from Neutral 🚀 Top Picks Hartalega, Kossan Rubber, Riverstone. Our sector Neutral call was largely played out, after a sector-wide share price correction of 30-40% in 1Q25 since our previous downgrade. We think current share prices have fully priced in earnings disappointing risks, with the sector’s P/BV of 1.2x hovering at pre-tariff levels. Client enquiry is gaining traction (June orders), indicating signs of inventory restocking for 2Q25. We favour companies with high US sales exposure. Analysts: Oong Chun Sung +603 2302 8126 Report: https://research.rhbtradesmart.com/files_preview?hash=06c500f5-b846-4e79-8c45-7b70aaa66e82 ♦️ RHB Research

For illustration purposes, a >100% tariff hike is expected to raise Chinese glove producers’ ASP to USD30-32/1,000 pieces (from an assumed base case ASP at USD15/1,000 pieces). However, a 24% tariff is expected to raise Malaysian glove makers ASPs of between USD22-USD24/1000 pieces (from an assumed USD18 to USD20/1000 pieces) at a steep 25%-32% discount versus the Chinese alternative.

"Taiwan says US tariffs unreasonable, partly blames Trump policies for trade surplus" https://www.investing.com/news/stock-market-news/taiwanus-a-driver-of-shared-prosperity-us-business-group-says-after-tariffs-3964104

跟其他东南亚国家相比， 马来西亚的关税属于较低 ✅ 接下来就要看我们的政府怎么去谈判了

泰国最大的手套制造商，也是全球前 5 度手套制造商之一 ，将被征收 36% 的关税，比大马高出 12 % 。

川普最近应该会很忙，忙着接电话☎

Thailand PM Says Prepared to Deal With US Tariffs, Plans Talks https://www.bloomberg.com/news/articles/2025-04-03/thailand-pm-says-prepared-to-deal-with-us-tariffs-plans-talks

MITI: M'sia not considering retaliatory tariffs in response to US move | Borneo Post Online https://www.theborneopost.com/2025/04/03/miti-msia-not-considering-retaliatory-tariffs-in-response-to-us-move/