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Bridge2Profit
Global Market News • Education • Awareness
“Trade with the News. Not with the Rush.”
UEM Sunrise (UEMS) – 1H26 sales surged 126% to RM1.47bil, beating its full-year RM1.3bil target by 13%, driven by strong Australia and Malaysia project sales.
2Q26 net profit more than doubled to RM46.85mil on higher revenue and land divestment gains, while unbilled sales of RM2.9bil support earnings visibility through 2030.
1H26 net profit rose 47% to RM63.05mil on stronger margins and progress billings.
What happened: Bond markets around the world (US, Japan, Germany, France) had a rough week — prices were falling and yields (interest rates on government debt) were spiking to multi-decade highs. 📉 This was driven by worries about how much debt governments are piling up, plus heavy borrowing by tech companies for AI projects, and high oil prices.
The fix: The US Treasury stepped in overnight and said it would buy back more long-term bonds than usual. Basically, the government is trying to prop up its own bond market and stop yields from rising further. This calmed things down — yields eased a bit across the US, Japan, and Europe. 🇺🇸🇯🇵🇪🇺
Market reaction:
Stocks rose in Asia and US futures pointed higher, as investors felt reassured. 📈
The US dollar weakened, since lower yields make it a bit less attractive to hold dollars. 💵
The euro and British pound gained against the dollar. 💶£
The catch: Some experts are skeptical this fix will last. The concern is that the Treasury still needs to keep borrowing huge amounts overall, so a short-term buyback doesn't fix the bigger debt problem — it may just be a temporary band-aid.
Other things going on:
Fed officials are worried about inflation and some are open to raising interest rates if it doesn't cool down. Markets are now watching for signals from a big Fed speech next week at Jackson Hole.
Oil prices ticked up slightly.
Shipping through the Strait of Hormuz (a key oil route) has slowed, as companies stay cautious after tensions from the Iran conflict, with no clear word on whether it's fully safe to pass through again.
Bottom line: Markets got a short-term sigh of relief after the US stepped in to calm bond investors, but many think the underlying debt worries haven't actually gone away.
Kossan Rubber's Profits More Than Double as Glove Prices and Demand Bounce Back
Malaysian glove maker posts strongest quarter in years, driven by rising prices and higher sales volumes
Kossan Rubber Industries Bhd, one of Malaysia's leading rubber glove manufacturers, has reported a sharp jump in profits for the second quarter of 2026, as demand for gloves continues to recover and selling prices climb higher.
The Numbers, Made Simple
For the quarter ended 30 June 2026, Kossan brought in RM568.9 million in revenue — a 49% jump compared to the same period last year. More importantly, its profit before tax more than doubled, rising 103% to RM78.2 million.
Net profit for shareholders came in at RM64.5 million, up 107% from a year ago. Earnings per share more than doubled too, rising from 1.23 sen to 2.55 sen.
Zooming out to the first half of the year (January to June 2026), the company earned RM1.04 billion in revenue, up nearly 20%, with profit before tax climbing 45% to RM124.4 million.
What's Driving the Growth?
Kossan operates in three main businesses, and all three grew — but one stood out:
Gloves (the biggest business by far): Revenue jumped 53% in the quarter to RM483.5 million, and profit surged 121% to RM68.1 million. This was mainly due to higher selling prices and more gloves being sold, combined with lower production costs thanks to improved factory efficiency.
Technical Rubber Products (TRP): A smaller division making industrial rubber parts. Revenue grew 23% and profit jumped 85%, helped by more deliveries and better profit margins.
Clean-Room division: Revenue rose 35% and profit climbed 72%, again helped by better prices and higher sales.