️Macro Alpha Analytics🫆

实现“十三连亏”，扭亏仍遥遥无期

80% 的投资者都觉得：股价低可以买，股价高就不能买。 但问题是▶️ 股价低，不代表便宜； 股价高，也不代表贵。 关键在于：思维 不要越跌越买，除非你是巴菲特，有无限子弹。 不然你只是用有限的资金，对抗无底的下跌。 巴菲特越跌越买，是因为他有子弹打不完。 散户越跌越买，是因为不知道停手。 结果一个抄底，一个被埋底。

我不追高，太危险了，我只买越跌越便宜的❗️

三连击！Triple Kills 第一击：销售量下降 第二击：产品平均售价（ASP）季度下滑 第三击：美元走弱，压缩出口利润

业绩依然不理想，核心盈利仅为 RM8.2mil，按目前市值计算，PE 仍属偏高水平，估值压力依然存在。

From UOBKH: Hartalega Holdings (HART MK/HOLD/ RM1.37/TP:RM1.55) 1QFY26 Results Snapshot📸 🔹 Harta registered a 1QFY26 core net profit of RM8.2m (last Q: RM5.4m core losses) as revenue shrank as guided (-9.6% qoq; -5.3% yoy). This is mainly due to slower sales as US distributors frontloaded their purchase in 2H24 ahead of higher US tariffs on China gloves. 🔸 Weaker QoQ revenue reflect: i) Volume sales decline; ii) Blended ASP lower QoQ; and iii) weakening USD against RM. 🔹 1QFY26 results is deemed below expectations, only making up c.7 % of our full-year estimates. Assuming coming Qs Harta able to generate c.RM30m/Q PAT, we’ll have to revise down our FY26 earnings (RM110m ; consensus RM137m) by 10-11%. Nevertheless, we do expect improving earnings in upcoming Qs due to: i) after US tariffs on China gloves kicks-in (in terms of higher ASP and volume sales); and ii) lower input cost on cheaper raw material prices. 🔸 Our earlier rating is a HOLD with RM1.55 TP (pending review.). More details will be available after briefing later at 2.30pm.

🇲🇾 大马九家公司荣登 Forbes Asia【2025 年十亿美元以下最佳企业】榜单 Forbes Asia 刚公布【2025 年十亿美元以下最佳企业】（Best Under a Billion 2025）榜单，聚焦年营收介于 1,000 万至 10 亿美元之间、表现突出的亚太上市公司。今年共有 九家马来西亚公司上榜，包括： Able Global Bhd Crescendo Corp Bhd Frontken Corp Bhd Hibiscus Petroleum Bhd Hup Seng Industries Bhd ITMax System Bhd Kerjaya Prospek Group Bhd Pekat Group Bhd Scientex Bhd 这份榜单评估公司成长性、盈利能力、企业治理及股东回报，是对中小市值企业竞争力的高度认可。

公司在 Q1 FY2026 营收按季下滑 RM58 百万（-9.6%）🔻 受销量减少、平均售价（ASP）下跌以及美元兑马币贬值影响，导致税前利润（PBT）降至 RM14.3 百万 🔻

国油开始出售优质资产

Petronas in talks to sell Rio oil field stake for US$1bil | FMT https://www.freemalaysiatoday.com/category/nation/2025/08/05/petronas-in-talks-to-sell-rio-oil-field-stake-for-us1bil

一路狂奔

投行几乎全面下调手套股评级，仅 Ambank 还没表面立场。看起来手套和家具出口股，是这轮关税风暴中受创最深的两大板块

Slimmer advantage for local glove makers | The Star https://www.thestar.com.my/business/business-news/2025/08/05/slimmer-advantage-for-local-glove-makers

有川普加持果然不同凡响，道指上周五下挫540点，昨日却强势反弹580点，完全收复失地。 跌一跌只是喘口气，美国这头超级大牛还在狂奔中！

After-hours movers: Palantir (NASDAQ:PLTR) rose 4.5% after second quarter results beat estimates on the top and bottom line, and it reported strong guidance. Revenue grew 48% year-over-year and 14% quarter-over-quarter to $1.004 billion. Hims & Hers Health (HIMS) fell 11% after reporting mixed results. Despite a bottom line beat, it reported revenue that missed estimates. Vertex Pharma (NASDAQ:VRTX) declined 7% after it halted VX-993 development after its pain study missed the primary endpoint. BioMarin Pharma (BMRN) rose 4.8% strong quarterly results and guidance. Revenue rose 16% year-over-year. Kyndryl (KD) fell 7% after quarterly revenue trailed consensus estimates. Semrush (SEMR) declined 14% after disappointing second quarter results.

Palantir Technologies Inc (NASDAQ:PLTR) stock has reached an all-time high, closing at 160.92 USD 🆕

美股三大指数在上周五下跌后，今日全面收复失地，齐齐上涨，科技股领涨大盘。「七仙女」中除了 Amazon 外，其余皆上涨，市场情绪明显回暖。 另一方面，周六公布业绩的巴菲特旗舰公司 Berkshire Hathaway 未达市场预期，股价今日下挫 3.67%。而上周暴涨 250% 的话题新股 Figma 今日遭遇回调，股价大跌 22% 🔻 截至目前，标普500指数中已有82%的公司超出盈利预期。