AnwarKawKaw 54 posts | Posted by AnwarKawKaw > Jan 4, 2023 11:54 PM | Report Abuse Limit up soon wakahkahkah |
vinceAust 24 posts | Posted by vinceAust > Jan 5, 2023 6:32 AM | Report Abuse Investor should know which research analyst is accurate most of the times...Personally, I think if the brokers advise were so valuable then they would have buying stocks not selling advises. After all, rely on your self decision... make your own strategy! |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Jan 5, 2023 8:06 AM | Report Abuse Many buy harta because they simply think will rebound back to rm 4.xx but unfortunately it will stay at low price or even penny stock after China challenging u buy still stubborn glove tart refuse to face the reality , too sad ! |
nasgee 732 posts | Posted by nasgee > Jan 5, 2023 9:05 AM | Report Abuse 2 day LU vrommmm ..fasterrrr.. |
xuxu 5462 posts | Posted by xuxu > Jan 5, 2023 12:08 PM | Report Abuse 4 days dropping consecutively, bolak |
WMY2188 198 posts | Posted by WMY2188 > Jan 5, 2023 12:15 PM | Report Abuse All days dropping....mampus |
samerkl 188 posts | Posted by samerkl > Jan 5, 2023 12:17 PM | Report Abuse i am waiting to collect some at 1.50s level............... |
nasgee 732 posts | Posted by nasgee > Jan 5, 2023 3:22 PM | Report Abuse comingggg fasterrr vrommm |
|
xuxu 5462 posts | Posted by xuxu > Jan 5, 2023 4:13 PM | Report Abuse hehe don't hold long, locked my small profit |
YourQuirkyWays29 739 posts | Posted by YourQuirkyWays29 > Jan 5, 2023 5:53 PM | Report Abuse LOL |
AnwarKawKaw 54 posts | Posted by AnwarKawKaw > Jan 5, 2023 8:33 PM | Report Abuse Limit up soon, road to RM4 and above, wakahkahkah |
nasgee 732 posts | Posted by nasgee > Jan 6, 2023 8:59 AM | Report Abuse lock profit firstt buy new shirt 4 CY..haaaa |
Sslee 4461 posts | Posted by Sslee > Jan 6, 2023 10:11 AM | Report Abuse Gloves - No End to Drought Author: kiasutrader | Publish date: Fri, 6 Jan 2023, 9:34 AM Reiterate UNDERWEIGHT. The massive overcapacity in the global glove market means that low selling prices and depressed plant utilisation will likely persist throughout 2023. Adding salt to the wound is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices. We beg to differ from the view of Malaysian Rubber Glove Manufacturers Association (MARGMA) that the industry will turn the corner in 2023 as our demand supply forecast shows that it will take at least another two years of consistent demand growth to fully fill the current excess capacity in the industry. We believe that the pivot is more likely to happen in 2024 and do not have any top pick for the sector. We are less optimistic than industry players. MARGMA projects a 12%-15% growth in the global demand for rubber gloves annually from 2023, following an estimated 19% contraction to 399b pieces in 2022. It believes the supply-demand equilibrium may return in 6-9 months. However, we beg to differ, expecting the overcapacity situation to persist at least over the next two years. Based on our estimates, the demand-supply situation will only start to head towards an equilibrium in 2025 when there is virtually no more new capacity coming onstream while the global demand for gloves continues to rise by 15% per annum underpinned by rising hygiene awareness. Overcapacity to widen further in 2023. We project the demand for gloves to rise by 15% in 2023, which is consistent with MARGMA’s forecast. However, this will do little to ease the overcapacity situation as the global glove production capacity will grow by 16% to 595b pieces during the year as more capacity planned by incumbent and new players during the pandemic years—enticed by super-fat margins that had eventually evaporated—finally comes on-line. This will result in the excess capacity rising by 22% to 137b pieces from 112b pieces in 2022. The widened overcapacity means low prices and depressed plant utilisation will likely persist in 2023. Not helping the already dire situation is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices. Our 2023 forecasts assume: (i) an ASP per 1,000 pieces of USD20, translating to an estimated 10% decline over 2022, and (ii) an average plant utilisation of 50% vs. an estimated 60% in 2022. During the 2014/2015 downturn, ASP of nitrile gloves went as low as USD17/USD18 per 1,000 pieces while industry utilisation was at 65%/70%. We advocate investors to avoid the sector for now and not have any top pick for the sector. Source: Kenanga Research - 6 Jan 2023 |
Endgame 718 posts | Posted by Endgame > Jan 6, 2023 2:54 PM | Report Abuse Breaking news: Local investment bank highly recommends to avoid glove stocks for Topglove and Harta due to extreme overcapacity. |
Endgame 718 posts | Posted by Endgame > Jan 6, 2023 2:55 PM | Report Abuse Breaking news: Foreign funds continue accumulating glove stock Topglove and Harta. |
vinceAust 24 posts | Posted by vinceAust > Jan 6, 2023 3:22 PM | Report Abuse Local Investment Bank vs Foreign Funds... The Winner is :........ |
xuxu 5462 posts | Posted by xuxu > Jan 6, 2023 4:46 PM | Report Abuse glove only can play day trade luckily locked profit yesterday, will buy back 1.6 to make it another round |
vinceAust 24 posts | Posted by vinceAust > Jan 6, 2023 5:09 PM | Report Abuse Know the difference between investing and gambling.... |
Endgame 718 posts | Posted by Endgame > Jan 6, 2023 5:12 PM | Report Abuse Breaking news: Most of the contra player suffered significant loss due to dumping to press down share price by institutional fund which is shorting position for Topglove and Harta. Nevertheless, foreign funds continue buying in weakness. |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Jan 6, 2023 5:45 PM | Report Abuse Can u prove that foreigner is buying ? Or just own talk own syiok ! |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Jan 6, 2023 5:46 PM | Report Abuse Harta is not value stock anymore , it is gambling stock now , cut vege daily , ha ha ha ! |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Jan 6, 2023 5:47 PM | Report Abuse 1 time let u win but other 9 loss ! |
gnail 343 posts | Posted by gnail > Jan 8, 2023 5:46 PM | Report Abuse yea, harta is still overpriced due to the low eps |
Income 10052 posts | Posted by Income > Jan 8, 2023 6:41 PM | Report Abuse Wah, so long still tak naik? |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 8, 2023 6:43 PM | Report Abuse If you think Harta is overpriced, then please short this counter hard. You earn your money and I can buy at RM1.20. Deal? |
Endgame 718 posts | Posted by Endgame > Jan 8, 2023 11:44 PM | Report Abuse Breaking news: Local institutions continue short position to Harta and Topglove and progressively released bad news in the media |
Endgame 718 posts | Posted by Endgame > Jan 9, 2023 10:38 AM | Report Abuse Breaking news: Foreign funds continue buy more Harta and Topglove despite local institutional funds on short position |
Income 10052 posts | Posted by Income > Jan 9, 2023 11:07 AM | Report Abuse Why like this? |
YourQuirkyWays29 739 posts | Posted by YourQuirkyWays29 > Jan 9, 2023 12:35 PM | Report Abuse Shorties go brrrrr please, bullets are ready :) |
AnwarKawKaw 54 posts | Posted by AnwarKawKaw > Jan 9, 2023 4:14 PM | Report Abuse Limit down kahkahkah |
Income 10052 posts | Posted by Income > Jan 9, 2023 11:20 PM | Report Abuse Bursa good but Harta can’t up. How??? |
samerkl 188 posts | Posted by samerkl > Jan 10, 2023 10:03 AM | Report Abuse Tewnama !!! hari-hari tidur aje..............!!! CCB x n times !!! Pui ! |
gnail 343 posts | Posted by gnail > Jan 10, 2023 12:45 PM | Report Abuse bang_miskin, hahahaha, ok , deal! |
WMY2188 198 posts | Posted by WMY2188 > Jan 10, 2023 2:58 PM | Report Abuse Bungkuss...la ini macam |
ivanlau 1317 posts | Posted by ivanlau > Jan 10, 2023 4:10 PM | Report Abuse If based on forward eps 4 x most conservative pe 30, the enter price of harta should be rm 1.20 , now closing 1.58, think about that........... |
Endgame 718 posts | Posted by Endgame > Jan 10, 2023 10:17 PM | Report Abuse Breaking news: Local institutions fund's successful press down Harta and Topglove through the nagative news released from the media. Most of the contra player suffer tremendous loss from the intra day press down. Foreign fund's indicators showing continued buy in weak price. |
samerkl 188 posts | Posted by samerkl > Jan 11, 2023 10:03 AM | Report Abuse Are u kidding me@Endgame ? I can't believe this bullsh*t !! |
wisdomtot 644 posts | Posted by wisdomtot > Jan 11, 2023 10:18 AM | Report Abuse Endgame may be right... though not sure where he got his breaking news from =) Anyone onboard for round 2? Let's go.. |
samerkl 188 posts | Posted by samerkl > Jan 11, 2023 10:25 AM | Report Abuse Are u f**king kidding me@wisdomtot ? You too ? Spreading lies ............. |
wisdomtot 644 posts | Posted by wisdomtot > Jan 11, 2023 11:50 AM | Report Abuse Chill @samerkl... no point spreading lies.. everyone can enter trades when the risk reward is deemed good enough.... i just thought current technicals seem encouraging..if go south, then just cash out and wait for next opportunity.. |
bang_miskin 1059 posts | Posted by bang_miskin > Jan 11, 2023 12:10 PM | Report Abuse Low ASP, high cost and oversupply issue means that profits will remain low for some time. This is why this counter is cheap, nobody knows when the sector will recover. Maybe end of this year, maybe in 2024.... who knows. During this time someone will occasionally goreng this counter, causing price to temporarily increase. If you don't want to hold, looks for opportunities to sell on strength. If you want to buy, go ahead, but keep in mind that price may further deteriorate. This is the stock market. Can't take the risk, go buy fixed deposit or unit trusts and call it a day. |
fortunefire 1347 posts | Posted by fortunefire > Jan 11, 2023 12:14 PM | Report Abuse get ready for onboarding |
nasgee 732 posts | Posted by nasgee > Jan 11, 2023 3:00 PM | Report Abuse vrommmm |
Endgame 718 posts | Posted by Endgame > Jan 11, 2023 4:38 PM | Report Abuse Breaking news: All the world wide glove manufacturers start ramping up production after demand recovery. Most of the hospitals already used up the last year old stock, and start the new order purchasing, commented by one of the industry expert |
samerkl 188 posts | Posted by samerkl > Jan 11, 2023 4:46 PM | Report Abuse Tewnama! Where on earth you get all these breaking news@endgame ? CCB x n times!! Fake news !!! |
vinceAust 24 posts | Posted by vinceAust > Jan 11, 2023 4:54 PM | Report Abuse Everyone claims to be an expert. Self-Proclaimed Experts More Vulnerable to the Illusion of Knowledge...lol |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Jan 12, 2023 8:22 AM | Report Abuse China already fully open how many billions glove they will add more to the world ! |
Endgame 718 posts | Posted by Endgame > Jan 12, 2023 9:15 AM | Report Abuse Breaking news: Expert from institutions fund manager advise retailers not to trade contra or short term as the shorting of Harta and Topglove in an increasing trend due to the expected stock price will continue trading downward. This trend will continue till end of 2024 expectation |
stockraider 31527 posts | Posted by stockraider > Jan 12, 2023 11:54 AM | Report Abuse Do not listen to all those soohhaii analyst....better to accumulate mah! |
kl_guy 1389 posts | Posted by kl_guy > Jan 12, 2023 12:06 PM | Report Abuse never hear from fund manager ask to sell when glove counter at the peak. now at bottom ask to sell. giler |