Posted by fortunefire > Jan 25, 2023 5:03 PM | Report Abuse

Waiting for QR. Maybe make profit this round.

Posted by Income > Jan 25, 2023 7:59 PM | Report Abuse

Gloves mania?

Posted by Endgame > Jan 26, 2023 3:04 PM | Report Abuse

Breaking news: Medical sectors commented they still prefer Malaysia glove due to high quality compared with China glove with lower ASP. When they performed sourcing criteria,
China glove still far behind to meet the medical stringent requirements whereby Malaysia glove Harta and Kossan always exceeded requirements criteria.

Posted by koidch > Jan 26, 2023 4:38 PM | Report Abuse

$KLSE-HARTA - Finally not another sell call? Updates from CIMB Corporate Day

There's really a lot to digest from CIMB's corp day. This time let's take a look at the presentation by Hartalega to learn about their latest updates.

1. They continue to see strong headwinds heading into 2H FY23.

2. ASP is expected to further decline from USD 24 to USD 20, and stabilise at that level.

3. ASP hikes will be challenging due to the same reasons discussed about many times already.

4. Customer inventory is expected to ease in the next 2 quarters however it remains to be seen whether there will be a significant pick-up in demand after that since customers are not buying aggressively yet.

In the near term...

5. Rising operation costs will continue to pressure margins however this is partially offset by decreasing raw material prices.

6. in Q2 FY 23, utilisation rate was 49%, which is below pre-covid utilisation of around 75-80%. They estimate that the industry average utilisation rate is around 50% too. Harta expects utilisation to maintain around this range for the next few quarters.

7. Harta thinks that it could potentially be in the red for the next 1 or 2 quarters.

8. They will focus on cost management, operational efficiencies, and scale up automation initiatives across their operations.

In the longer term...

9. Harta expects global glove demand to grow at an average 9% annually, similarly to pre covid for the past 10 years.

10. Intense competition and oversupply is expected to persist in CY 2023. Thus, Harta is also slowing down expansion plans in NGC 1.5 as well as their Sepang plants. The commissioning of 2 lines in NGC 1.5 is expected around 2H FY23, and subsequent lines staggered across the next 2-3 years. The construction of the next 2 plants will be delayed as necessary.

11. Most of the other glove players are also slowing down expansion plans.

12. They estimate the total current global supply is 500bn pcs, while demand is about 252bn in 10M CY 22. The oversupply situation is expected to take around 1-2 more years to abate before earnings can return to pre-pandemic levels.

13. Harta plans to maintain its OEM business and diversify its customer base, while implementing an OBM strategy into multiple medical device distribution company across AsiaPac. They are also considering M&As.

Current Landscape...

14. Glovemakers from China have also slowed and cancelled expansion plans. Harta expects the aggressive price cuts so far will slow down as current ASP will likely lead to losses for the Chinese players as well.

15. Harta says that the Chinese players can only cut as they did because they were allowed to use coal as a source of energy which is cheaper. Should the government policy change and prohibit the usage of coal, the advantage would be negated. Harta expects to maintain their competitive advantage due to their better quality product as well as the geopolitical tensions surrounding China.

16. CIMB believes current valuation can be supported as it is already 20% discount to the sector, long term demand for gloves, Harta's leading technology and margins, as well as their strong net cash position.

Thanks Walter.

Posted by koidch > Jan 26, 2023 4:39 PM | Report Abuse

harta covered by walter aw...

Posted by NatsukoMishima > Jan 27, 2023 12:04 PM | Report Abuse

Harta become penny stock after this coming QR !

Posted by terence775 > Jan 27, 2023 6:30 PM | Report Abuse

koidch, thanks for copy pasting my article without due credit to my efforts in writing it :(

Posted by Income > Jan 27, 2023 7:29 PM | Report Abuse

Gloves mania?

Posted by stockraider > Jan 29, 2023 12:00 PM | Report Abuse

If u buy harta....it is a very defensive investment strategy loh!

Posted by NatsukoMishima > Jan 29, 2023 5:43 PM | Report Abuse

Walaoer , still got people dreaming with glove mania, now is 2023 , pandemic over already bro , utilities stock like ranhill or wafer foundry stock like dnex will be the king !

Posted by Income > Jan 30, 2023 3:31 PM | Report Abuse

Yes Gloves Mania…

Posted by Income > Jan 30, 2023 3:41 PM | Report Abuse

Roti bawang satu.

Posted by Income > Jan 30, 2023 3:42 PM | Report Abuse

Khatu coming

Posted by Income > Jan 30, 2023 3:52 PM | Report Abuse

The best is yet to come

Posted by Income > Jan 30, 2023 3:53 PM | Report Abuse

Follow kungfu Bruce Lee

Posted by fortunefire > Jan 31, 2023 11:27 AM | Report Abuse

testing 1.60

Posted by YourQuirkyWays29 > Jan 31, 2023 4:20 PM | Report Abuse

Still on about dnex in a glove counter xD the japanese man is a sad sad man deep inside

Posted by NatsukoMishima > Feb 1, 2023 12:49 PM | Report Abuse

Everything has changed but the stubborn old school mindset still dreaming in glove mania 2020 ! Latest qr will bring harta become penny stock . Tg = below 50 sens , kossan = 60 sens , supermax will facing huge loss from USA site , how to fight with China good cheap glove ????

Posted by NatsukoMishima > Feb 2, 2023 11:53 AM | Report Abuse

Start dump now

Posted by NatsukoMishima > Feb 2, 2023 1:15 PM | Report Abuse

https://www.orientaldaily.com.my/news/nation/2023/02/01/543797

How this sunset glove business to make profits ???

Posted by YourQuirkyWays29 > Feb 2, 2023 1:42 PM | Report Abuse

Penny stock eh? Let's see. What if it didnt become penny stock? Will you sell to me at penny stock price? Got to put your money where your mouth is at right? Mr Japanese- san.

Posted by YourQuirkyWays29 > Feb 2, 2023 1:43 PM | Report Abuse

DM me if you dare to put your money where your mouth is at. We can do a forward arrangement to buy-sell Harta at 99sen after next QR, deal?

Posted by YourQuirkyWays29 > Feb 2, 2023 1:44 PM | Report Abuse

If not, then shut the f up and f off from my face.

Posted by NatsukoMishima > Feb 2, 2023 7:59 PM | Report Abuse

Do u know y today all other 3 glove stocks up peanut but harta only keeps dropping because the market consencus price value for harta is below rm 1 ! When qr out u got no way to run !

Posted by DestinyL > Feb 3, 2023 9:16 AM | Report Abuse

Because of PB

Posted by YourQuirkyWays29 > Feb 3, 2023 10:32 AM | Report Abuse

i see no DMs, some one no balls. only got mouth, no money.

Posted by YourQuirkyWays29 > Feb 3, 2023 10:32 AM | Report Abuse

talk is cheap, mr japanese also cheap.

Posted by NatsukoMishima > Feb 3, 2023 10:46 AM | Report Abuse

See how long u all can tahan !

Posted by stockraider > Feb 3, 2023 10:54 AM | Report Abuse

Very steady mah!

Go for longterm at this attractive price loh!

Posted by DestinyL > Feb 3, 2023 2:30 PM | Report Abuse

Keep in fridge

Posted by TakeProfits > Feb 3, 2023 4:36 PM | Report Abuse

Natsukomishima, I think I agree with you..If next few qtrs loss, maybe no more dividends and share price sure go down southwards. Past dividends looks lucrative at current prices. So, depends on how smart is management to deal with current situation.
Good luck to all bullish on this counter !?

Posted by TakeProfits > Feb 3, 2023 4:37 PM | Report Abuse

Natsukomishima, what other counters you looking at now that's pretty good. Thank you.

Posted by TakeProfits > Feb 3, 2023 4:39 PM | Report Abuse

DestinyL, keep in fridge means prepared to go sooo long. Unless we have crystal ball that showsx it will do well in coming years !!

Posted by DestinyL > Feb 3, 2023 4:43 PM | Report Abuse

Only time will tell answer

Posted by fortunefire > Feb 3, 2023 5:12 PM | Report Abuse

Get ready for next week.

Posted by NatsukoMishima > Feb 3, 2023 8:24 PM | Report Abuse

TakeProfits

997 posts

Posted by TakeProfits > 3 hours ago | Report Abuse

Natsukomishima, what other counters you looking at now that's pretty good. Thank you.
_________________
Dnex , vstec , ranhill , swift , gtronic

For US market :
TTD , tesla , shopify , chewy but u must buy in dip not now !

Posted by TakeProfits > Feb 4, 2023 4:38 PM | Report Abuse

Thank you, NatsukoMishima...some of the stocks recommendation looks pretty good. I will collect some of those long term ! Thank you. Emkoy

Posted by Income > Feb 4, 2023 5:20 PM | Report Abuse

Harta you will not walk alone.

Posted by wisdomtot > Feb 7, 2023 2:30 PM | Report Abuse

wow...only 32mill loss... so little , was expecting 6 figures loss..... just trust in the management's capabilities ok...

Posted by YourQuirkyWays29 > Feb 7, 2023 2:52 PM | Report Abuse

@Natsuko still waiting for your prediction to come true

Posted by fortunefire > Feb 7, 2023 5:05 PM | Report Abuse

resilient counter

Posted by TakeProfits > Feb 7, 2023 5:07 PM | Report Abuse

China now also producing gloves. Turnover of Harta reduced quite a lot. Directors predictions that glove demand will go up is only a prediction..So it could be a subset industry as more and more players come in, especially from China !!

Posted by fortunefire > Feb 7, 2023 5:33 PM | Report Abuse

is there anything that China is unable to produce?

Posted by Income > Feb 7, 2023 6:29 PM | Report Abuse

Yes, China can’t produce human beings organs as spare parts lah

Posted by fortunefire > 0 seconds ago | Report Abuse

is there anything that China is unable to produce?

Posted by ivanlau > Feb 7, 2023 7:08 PM | Report Abuse

The fair value in 2023 only rm 1.20 , today closing 1.58, think about that.............

Posted by titan3322 > Feb 7, 2023 8:16 PM | Report Abuse

@ivanlau I think after the reported loss fig the fair is 98 sen

Posted by Calvin882 > Feb 8, 2023 9:12 AM | Report Abuse

Seems like it will drop more than I had expected.

Posted by fortunefire > Feb 8, 2023 9:48 AM | Report Abuse

collected some at 1.56