NatsukoMishima 6730 posts | Posted by NatsukoMishima > Dec 30, 2022 7:29 AM | Report Abuse Glove stock now is just like a gambling tool used for trapping short term greedy gambler ! |
gohkimhock 2941 posts | Posted by gohkimhock > Dec 30, 2022 7:42 AM | Report Abuse It is very naive to think that Malaysia glovemakers able to penetrate China market. In 2020 cannot, in the future will still be the same.. |
kl_guy 1394 posts | Posted by kl_guy > Dec 30, 2022 8:07 AM | Report Abuse goh, if china don't export outside china , will already cause a shortage to world. It is good for msia glove. |
EverettLee 346 posts | Posted by EverettLee > Dec 30, 2022 10:58 AM | Report Abuse Go go. Let Harta break RM1.80 before 2023 |
YourQuirkyWays29 761 posts | Posted by YourQuirkyWays29 > Dec 30, 2022 12:02 PM | Report Abuse It's been awhile, still publicly bashing Harta? lmao, everyone only has 24hours a day, think about it. xD |
ChloeCheong 247 posts | Posted by ChloeCheong > Dec 30, 2022 2:39 PM | Report Abuse Ignore the bashers. They only bash when the share price drops whereas hide when the share price moves up. |
CharlesT 14538 posts | Posted by CharlesT > Dec 30, 2022 3:05 PM | Report Abuse Posted by ChloeCheong > 13 minutes ago | Report Abuse Ignore the bashers. They only bash when the share price drops whereas hide when the share price moves up. For the past 2 years+ they hardly have chance to hide |
nasgee 732 posts | Posted by nasgee > Dec 30, 2022 4:14 PM | Report Abuse waawawawaaaa...aa |
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NatsukoMishima 6730 posts | Posted by NatsukoMishima > Dec 30, 2022 5:48 PM | Report Abuse Glove stock bcome gambling tool to trap bilis already ! |
NatsukoMishima 6730 posts | Posted by NatsukoMishima > Dec 30, 2022 5:48 PM | Report Abuse China already open fully , bye bye to 3 years old pandemic , all back to normal ! |
samerkl 188 posts | Posted by samerkl > Dec 31, 2022 10:28 AM | Report Abuse F**K China! China is evil ............contaminating the World with unknown Covid variant!!! |
NatsukoMishima 6730 posts | Posted by NatsukoMishima > Jan 1, 2023 2:47 PM | Report Abuse Dont say like that bro , China was the first only contry willing to send free vaccines to poor countries who unafford to buy expensive pfizer ! |
NatsukoMishima 6730 posts | Posted by NatsukoMishima > Jan 1, 2023 2:48 PM | Report Abuse Happy new year 2023 , hope all people throw away their glove n masks in 2023 ! |
Sharewire 240 posts | Posted by Sharewire > Jan 1, 2023 11:11 PM | Report Abuse Glove stock will reach 40% of former glory.Unavoidable 40% |
VTrade 2434 posts | Posted by VTrade > Jan 2, 2023 1:40 AM | Report Abuse China able to settle the virus very fast. So buy more…ya.. exchange |
VTrade 2434 posts | Posted by VTrade > Jan 2, 2023 1:44 AM | Report Abuse Any sifu recommand glove , all kena no doubt and must follow them to buy. |
VTrade 2434 posts | Posted by VTrade > Jan 2, 2023 1:44 AM | Report Abuse Support economy macam taiwan |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 2, 2023 1:37 PM | Report Abuse Happy New Year guys! Lot's of news about speculation about China's U-turn decision on the glove market. I am sceptical that it will have a lasting effect on the ASP. With the oversupply problem persisting, 2023 is not a good year for the glove market. But since prices are close to the bottom, you can buy and keep if you don't mind holding for another year, two or three. Buy low, sell high... you get the gist, lol! |
CharlesT 14538 posts | Posted by CharlesT > Jan 2, 2023 2:02 PM | Report Abuse Many bought Harta at rm10+ during early 2021 happily after a hefty 50% plunge fm its peak of rm20+ in Aug 2020. It plunged another 50% in 2021. Then many bought happily at RM5+ during early 2022 n ops it drops another 60% in 2022. Again many bought cheap cheap happily at rm1.70+ at early 2023 n how it goes. |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 2, 2023 3:01 PM | Report Abuse @CharlesT A fair point. Will prices in 2023 dropped by another 50-60%? We will know by the end of this year. |
nuilam hali 1376 posts | Posted by nuilam hali > Jan 2, 2023 3:40 PM | Report Abuse Glove stock will shoot up from now |
nuilam hali 1376 posts | Posted by nuilam hali > Jan 2, 2023 3:41 PM | Report Abuse In 3 months definitely rm5 above |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 2, 2023 7:12 PM | Report Abuse @nuilam hali Ya kah? Based on the recent quarterly reports, very unlikely to reach RM5 in three months. In 3 months can maintain above RM2 I already happy. Unless we see an rise in ASP or an end to oversupply problem, prices are going to move sideways. Just my 2 sen. |
kk7198 3960 posts | Posted by kk7198 > Jan 2, 2023 8:27 PM | Report Abuse @bang_miskin ,looks like Harta can maintain at RM1.70 and Topglove at RM0.90 sen. Possible can test RM2.00 soon. |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 2, 2023 9:32 PM | Report Abuse Prices remained low because we're still not sure (1) when oversupply problem will resolve and (2) whether we can remained competitive wrt Chinese and SE Asian producers. Better see some solid uptrend and improving ASP before putting more money in this counter. Reminds me a bit about Genting in late 2020. I remembered price at one point dipped below RM3, I bought some months ago when it dives below RM3.7X, thinking that it was undervalued. But many investors dare not invest because prices are trending downwards. Then news of vaccines emerges and price shot back up. |
nasgee 732 posts | Posted by nasgee > Jan 3, 2023 9:09 AM | Report Abuse vrommm faterr LU.. |
fortunefire 1352 posts | Posted by fortunefire > Jan 3, 2023 9:51 AM | Report Abuse time to buy or hold? |
samerkl 188 posts | Posted by samerkl > Jan 3, 2023 9:54 AM | Report Abuse buy @fortunefire................... |
stockraider 31553 posts | Posted by stockraider > Jan 3, 2023 11:31 AM | Report Abuse Go buy harta loh! Posted by CharlesT > 1 hour ago | Report Abuse Many bought Harta at rm10+ happily during End 2020/Early 2021 after a hefty 50% plunge fm its peak of rm20+ in Aug 2020. It plunged another 50% in 2021. Again, many bought happily at RM5+ during End Dec 2021/Early 2022 Then it plunged another 60% in 2022. Again many bought happily at rm1.70+ during End 2022/Early 2023 n how it goes...... At current price of Rm1.70+, it has dropped more than 90% fm it's peak of RM20+ in 2020. Posted by stockraider > 50 minutes ago | Report Abuse I agree Harta is a good safe buy loh! Buy below Philip price is always a good strategy mah! |
Endgame 718 posts | Posted by Endgame > Jan 3, 2023 12:21 PM | Report Abuse Breaking news: Harta loss strong support 1.70 due to profit taking from retailers. Fund analysis showing institutional funds still continue acquire Harta at this price range. |
nasgee 732 posts | Posted by nasgee > Jan 3, 2023 12:32 PM | Report Abuse afternoon fly vrommmmmm cissss after bilis tk profit n fs...vrommm |
ChloeCheong 247 posts | Posted by ChloeCheong > Jan 3, 2023 2:43 PM | Report Abuse Institutional funs buying is more stable than retailers. Let it wash |
kl_guy 1394 posts | Posted by kl_guy > Jan 3, 2023 3:35 PM | Report Abuse wow ..total sell 1.98m ...1.46m is short sell ..this mean there are no genuine seller . Only shorties are selling. If short squeeze , sure harta jump up very high. |
kl_guy 1394 posts | Posted by kl_guy > Jan 3, 2023 4:02 PM | Report Abuse rss short at rm1.70 ...look like holding well there are fund collecting at rm1.70. |
ChloeCheong 247 posts | Posted by ChloeCheong > Jan 3, 2023 4:18 PM | Report Abuse Sadly this time hard to short squeeze because retailers no money liao |
fortunefire 1352 posts | Posted by fortunefire > Jan 3, 2023 5:04 PM | Report Abuse drop all the way to Feb? |
samerkl 188 posts | Posted by samerkl > Jan 3, 2023 5:13 PM | Report Abuse buy when drop |
Sharewire 240 posts | Posted by Sharewire > Jan 3, 2023 6:43 PM | Report Abuse One Singaporean severely ill with Covid-19 after recent China travel; MoH ready to step up border measures for selected countries |
YourQuirkyWays29 761 posts | Posted by YourQuirkyWays29 > Jan 3, 2023 8:10 PM | Report Abuse Don't have to wait for short squeeze, its just a matter of time before things goes back to normal and we can all value the company properly with less uncertainties. That is when the real value emerges, as of now it is anyone's guess & believes. |
kl_guy 1394 posts | Posted by kl_guy > Jan 3, 2023 9:57 PM | Report Abuse Look like glove intentionally push down after 4pm. Maybe a tactic to collect cheap share and keep glove share low. |
VTrade 2434 posts | Posted by VTrade > Jan 3, 2023 11:43 PM | Report Abuse My fren say his guru will bring it up to 100% grow |
CharlesT 14538 posts | Posted by CharlesT > Jan 4, 2023 9:41 AM | Report Abuse Is his Sifu the famous Dr.Edwin? |
nasgee 732 posts | Posted by nasgee > Jan 4, 2023 10:43 AM | Report Abuse wowwoww reddd giant...colltttct...vroom soonn |
samerkl 188 posts | Posted by samerkl > Jan 4, 2023 11:38 AM | Report Abuse Will buy more when it drops to 1.60s level................ |
IOI 1882 337 posts | Posted by IOI 1882 > Jan 4, 2023 12:55 PM | Report Abuse faster buy more....xbb is coming~~:) |
lingrecord 18 posts | Posted by lingrecord > Jan 4, 2023 1:07 PM | Report Abuse buy buy buy, collect collect collect |
Endgame 718 posts | Posted by Endgame > Jan 4, 2023 3:25 PM | Report Abuse Breaking news: China no more shortage of glove after the ramping up production quantity. ASP of glove remain positive grow due to the consistent demand. |
nasgee 732 posts | Posted by nasgee > Jan 4, 2023 3:47 PM | Report Abuse vrooommm...wth consistent price....vrommm cisss...after 4 |
samerkl 188 posts | Posted by samerkl > Jan 4, 2023 4:10 PM | Report Abuse I want to add some more at 1.50s price range.............. |
Endgame 718 posts | Posted by Endgame > Jan 4, 2023 6:38 PM | Report Abuse Breaking news: KUALA LUMPUR (Jan 4): Owing to a massive glut of glove supplies, glove stocks are unlikely to see a price uptick even though China is grappling with its biggest wave of Covid-19 infections following its sudden decision to ease draconian pandemic-related restrictions last month. Analysts believe that China’s spike in cases will not improve the fundamentals of local glove stocks in the short term as the sector still faces industry-wide headwinds caused by an acute oversupply and margin compression, which has resulted in low average selling prices. When contacted, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said Malaysia's glove players will not benefit from the rapid spread of Covid-19 cases as China itself has sizeable glove production. Moreover, local glove players seldom sell their gloves to China because prices in China are even lower. Hence, he expects the domestic glove industry to continue to face oversupply issues given their excessive inventory. BIMB Securities Research analyst Nursuhaiza Hashim said it is still too early to gauge the outcome of China's latest move. “It might have some knee-jerk reaction on share price if cases spike, but I am still wary to say the glove outlook will improve. Demand may slightly improve, but the current inventory level is enough to cater to [the market demand],” she added. Nursuhaiza also expects the oversupply to remain as she believes the rising number of cases will not be as high as in the earlier phase of the pandemic because vast numbers of the population have been vaccinated. Going forward, Nursuhaiza projects that the average selling price (ASP) for gloves will remain at the current level — averaging at US$17 (RM74.82) to US$20 per 1,000 pieces — given the stiff competition from Chinese glove makers as well as normalising demand due to the transition from pandemic to endemic. As such, she expects earnings growth for the rubber glove sector to be lacklustre at least until the first half of 2023 (1H2023), as there are no signs of ASPs bottoming out, not to mention higher operating costs. Malacca Securities Sdn Bhd head of research Loui Low Ley Yee said as much of the global population now is vaccinated compared to during the early stages of the outbreak in 2020, he does not foresee ASPs repeating the trend and peak of 2020. However, he thinks the downside risks are now limited for the sector and recommends that investors relook at beaten-down glove stocks "as it is almost near the turning point". “The [China] Covid-19 spike in cases might be the catalyst and we may accumulate now as it is downside risk limited. I think glove supply and demand will hit equilibrium this year and expect a rise in overall gloves ASP into 2023." Both BIMB’s Nursuhaiza and Rakuten Trade’s Thong, however, are “underweight” on the sector as they believe it is not out of the woods yet. Nursuhaiza said she maintained an “underweight” recommendation given the challenging operating environment which is expected to prolong in the foreseeable future. BIMB had “sell” calls on Hartalega Holdings Bhd (target price [TP]: RM1.70), Kossan Rubber Industries Bhd (TP: 95 sen), Top Glove Corp Bhd (TP: 58 sen) and Supermax Corp Bhd (TP: 60 sen). On Wednesday (Jan 4), the Big Four were traded in the red. At 4pm, Top Glove shares were one sen or 1.16% lower at 85.5 sen, giving the company a market capitalisation of RM7.02 billion. Some 30.06 million shares were traded so far. Hartalega fell three sen or 1.81% to RM1.63, which translates to a market capitalisation of 5.59 billion. Supermax dropped 1.5 sen or 1.76% to 83.5 sen, and Kossan declined three sen or 2.73% to RM1.07. Some of their smaller counterparts were also trading lower with Careplus Group Bhd down three sen or 6.32% to 44.5 sen, while Comfort Gloves Bhd had dropped one sen or 2.11% to 46.5 sen. Hextar Healthcare Bhd, previously known as Rubberex Corp Bhd, rose marginally by 0.5 sen or 1.37% to 37 sen. |