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Focus Malaysia
04-07-2025
- Business
- Focus Malaysia
Malaysian glove stocks trading at deep value amid market uncertainty
MALAYSIAN glove stocks are trading at deep value levels, pricing them close to the worst of the down-cycle. While earnings may remain weak in the near term, structural demand and supply rationalisation offer long-term upside. While evolving tariffs actions and trade dynamics may limit near-term visibility, the present low inventory levels could spark a sudden surge or uptick in orders. Indications from channel checks are pointing towards a recovery for local glove players albeit at a slower pace in the second half of calendar year 2025 (2HCY25) following a slower 1HCY25 due to the front-loading effects of US customers purchasing from Chinese makers. 'We believe the YTD slump in players' share prices by between 20%-48% were due to concerns of front-loading effects by US distributors and diverted Chinese capacity ahead of the tariff kicking in Jan CY25 and concerns of a certain Chinese glove maker's plant slated to begin commercial production in end-CY25,' said Kenanga. We believe the present concern of Chinese glove makers to further lower ASP is overplayed since the present average selling price (ASP)s at USD15-17 per 1,000 pieces (and this is the indicative ASP for a certain Chinese glove maker's plant in Indonesia which market expect to commence production in end-CY25) is higher than the previous down-cycle ASP of USD13 per 1,000 pieces. Anecdotal evidence suggest that despite the impact of tariff-related disruptions, there is only so long customers can hold off making purchases. If past history is of any guide, based on previous down-cycles, Malaysian glove makers' stock prices will start to re-rate once the ASP concerns subside, and demand starts flowing back to Malaysian glover makers. The European Commission announced recently (June 20) to exclude Chinese companies from The European Union (EU) public procurement contracts for medical devices exceeding €5 mil and not more than 50% of components used in winning bids for public contracts can be of Chinese origin. According to an EU official guided by figures of Medtech Europe, the EU medical technology market was worth some €150 bil in 2023, with public procurement accounting for 70% share. The restrictions include diagnostic equipment and medical gloves. The exceptions will be in a place where no alternative suppliers exist. Typically, Europe accounts for an estimated 30%-40% of Malaysia's glove export market. For illustration purposes, assuming: (i) China exports 70% of their gloves to Europe (following the imposition of tariffs in the US) which is estimated at 50b pieces, and (ii) public procurement is 70%, an estimated 35b pieces market may benefit glove makers including Malaysia. However, an EU-China summit in end July CY25 could sway away this EU restrictions.—July 4, 2025 Main image: New Straits Times
Express Tribune
01-05-2025
- Entertainment
- Express Tribune
Seth Rollins flaunts USD13,500 Rastah coat
American WWE star Seth Rollins just stepped into the ring dripping in desi luxury, and surprisingly, we're not talking gold chains, though we wouldn't put that past him. He wore a USD13,500 long coat by Pakistani streetwear brand Rastah during a recent episode of WWE, and fashion X (formerly Twitter) has not recovered from Rollins' luxurious ensemble since. Dubbed the "golden peacock" coat, the piece is made from plush blue velvet and features intricate hand embroidery using the dabka technique, a hallmark of South Asian craftsmanship. The coat, available only made-to-order, was paired by Rollins with a white shirt and flared pants, though if you want the full fit, be prepared to drop an additional USD920 on the matching trousers. Rastah, already known for dressing global celebrities like Timothée Chalamet, Zayn Malik, and Justin Bieber, is clearly not afraid to aim high. Rollins is just the latest in a long list of stars styled by the Lahore-based label. A recent video posted by creative director Zain Ahmed from Milan hints that Rastah's global expansion is only just beginning. In it, Ahmed visits a fabric mill that supplies cloth to luxury houses like Dior and Valentino, asking what magic can happen when "Italian precision meets South Asian soul." But not everyone's cheering. With price tags soaring well above the USD10,000 mark, questions about accessibility, especially within Pakistan, are growing louder. While Rastah's success is undeniable, its local audience feels increasingly sidelined. Let's face it: most Pakistanis can't spend the cost of a small car on a coat, no matter how fabulous. Still, Rastah's ambition is crystal clear: dress the world's elite in Pakistani artistry. And whether you applaud or eye-roll, there's no denying they're succeeding, stitch by dazzling stitch.
Yahoo
14-02-2025
- Health
- Yahoo
Healthcare Services Market to Grow by USD 6.26 Trillion from 2024 to 2028, Driven by Rising Chronic Disease Prevalence, Report on AI's Impact
NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The healthcare services market and it is set to grow by USD 6.26 trillion from 2024 to 2028. However, the growth momentum will progressing at a CAGR of 8.73% during the forecast period, according to Technavio. The healthcare services market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Apollo Hospitals Enterprise Ltd, athenahealth Inc., Community Health Systems Inc., CVS Health Corp., DaVita Inc., Dr Lal PathLabs Ltd., Expedient Healthcare Marketing Pvt. Ltd., Fresenius Medical Care AG and Co. KGaA, Genesis Healthcare Inc., iHealth Labs Inc., Max Healthcare Institute Ltd, Mayo Foundation for Medical Education and Research, McKesson Corp., OMH HealthEdge Holdings LLC, Optum Inc., Quest Diagnostics Inc., Sonic Healthcare Ltd., Universal Health Services Inc., and West Suffolk NHS Foundation Trust are some of the major market participants -. To know about the vendor offerings - Request a sample report Healthcare Services Market 2024-2028: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The healthcare services market report covers the following areas: Healthcare Services Market Size Healthcare Services Market Trends Healthcare Services Market Industry Analysis Porter's Five Forces Analysis Customer Landscape The healthcare services market is fragmented, and the degree of fragmentation will accelerate. The increasing prevalence of chronic diseases will offer immense growth opportunities. However, the Increasing healthcare costs will hamper the market growth Healthcare Services Market 2024-2028: Drivers & Challenges Chronic diseases, including cardiovascular diseases (CVDs), cancer, chronic obstructive pulmonary disease (COPD), and type-2 diabetes, are major health concerns worldwide, accounting for 74% of all global deaths according to the World Health Organization (WHO). These diseases are often caused by modifiable risk factors such as high blood pressure, high blood cholesterol, obesity, unhealthy diets, and tobacco use. For instance, CVDs are the leading cause of non-communicable disease (NCD) deaths, claiming 17.9 million lives annually. It is essential for healthcare services to focus on prevention and early detection to reduce the burden of these diseases. Healthcare providers can offer education on healthy lifestyle choices, regular screenings, and effective treatment options to help manage and prevent chronic diseases. The global healthcare services market faces substantial challenges due to escalating healthcare costs. This trend negatively affects various aspects, including access to care and service quality. For instance, US healthcare spending grew 4.1% in 2022, reaching approximately USD4.5 trillion or USD13,493 per person (Centers for Medicare and Medicaid Services). This increase in costs makes it harder for individuals and families to afford essential medical treatments and services. Consequently, access to care becomes limited, potentially impacting overall healthcare system sustainability. To learn more about the global trends impacting the future of market research, download a PDF sample Segment Overview This healthcare services market report extensively covers market segmentation by End-user Service Geography 1.1 Adult care- The adult care segment in the healthcare services market caters to the unique healthcare needs of adults, ranging from young adults to older individuals. This segment includes preventive screenings, chronic disease management, acute care for illnesses and injuries, behavioral health services, and women's health services. Adult care providers collaborate to deliver comprehensive care, including primary care physicians, specialists, nurses, therapists, and allied health professionals. The adult care segment addresses the growing healthcare needs of the global population, including the rising prevalence of chronic conditions, mental health disorders, lifestyle-related illnesses, and age-related health concerns. Providers focus on preventive care, early detection, and personalized treatment plans to optimize health outcomes and improve quality of life. Advancements in medical research, technology, and treatment modalities have enhanced adult care services, enabling tailored treatments, precision medicine, and minimally invasive procedures. Digital health solutions, telemedicine, and electronic health records facilitate improved care coordination, patient engagement, and access to services. The adult care segment is evolving to meet changing healthcare needs, emphasizing holistic care approaches, patient-centered care models, and shared decision-making. Healthcare organizations promote health and wellness initiatives, lifestyle modifications, and patient education to empower adults to manage their health and preventive care. These factors are expected to drive the growth of the adult care segment in the global healthcare services market. To learn more, request a FREE sample Healthcare Services Market 2024-2028: Key Highlights CAGR of the market during the forecast period 2024-2028 Detailed information on factors that will assist healthcare services market growth during the next five years Estimation of the healthcare services market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the healthcare services market across North America, Europe, Asia, and Rest of World (ROW) Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of healthcare services market vendors Healthcare Services Market Scope Report Coverage Details Base year 2023 Historic period 2017-2021 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 8.73% Market growth 2024-2028 USD 6263.7 billion Market structure Fragmented YoY growth 2022-2023 (%) 7.43 Regional analysis North America, Europe, Asia, and Rest of World (ROW) Performing market contribution North America at 35% Key countries US, Germany, and China Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Apollo Hospitals Enterprise Ltd, athenahealth Inc., Community Health Systems Inc., CVS Health Corp., DaVita Inc., Dr Lal PathLabs Ltd., Expedient Healthcare Marketing Pvt. Ltd., Fresenius Medical Care AG and Co. KGaA, Genesis Healthcare Inc., iHealth Labs Inc., Max Healthcare Institute Ltd, Mayo Foundation for Medical Education and Research, McKesson Corp., OMH HealthEdge Holdings LLC, Optum Inc., Quest Diagnostics Inc., Sonic Healthcare Ltd., Universal Health Services Inc., and West Suffolk NHS Foundation Trust Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio
