"He opined that the rollout of Covid-19 vaccines will help to restore demand for transportation fuels. Following Petroliam Nasional Bhd (Petronas)’s capex prudence in 2020, there is a reasonable chance that Petronas may do more drilling work from 2H21 onwards to offset natural depletion rates.

A key upside risk for Velesto is the potential for oil prices to rally above US$50 a barrel, resulting in Petronas accelerating drilling work."

Analysts' report highlight :- If oil price can stay above US$50 a barrel or higher in 2021, Petronas will only do more drilling work and Velesto's rigs utilization will be maximized ! Then only we can see profit in this company !!

I just read the above from the Edge ! There are corruptions in Petronas , no wonder no money to expand and pay to contractor like Velesto !! Most funds "makan" by corrupt officers in Petronas already !!
Hopefully the change of new CEO in petronas can expand their spending into proper channel and benefit Velesto in the future !!!

And while all these challenges are looming and taking its toll on operations, there is the shareholder — the Federal Government — which looks to the oil company for dividends and other forms of support to help in its running of the country’s economy during the pandemic. This requires the top brass in Petronas to perform the delicate balance of meeting both the needs of the company and that of the government of the day.

“We are very mindful that the Company’s Act requirement... solvency before declaring any dividend, is fulfilled, or else the board will be breaking the Company’s Act clause,” said Tengku Muhammad Taufik in the interview.

Quite recently, the oil and gas industry was abuzz with talk of several individuals at the national oil corporation being investigated by the authorities for corruption, another issue Tengku Muhammad Taufik has to grapple with, as there is no longer this perception that the national oil company has high standards of integrity.

"I know that there has been a growing perception that Petronas has become more susceptible to this kind of practice (corruption), particularly as it grows in size (as an organisation). I will tell you what my stance on this is — there is zero tolerance for corruption; if you are discovered, there will be no exception," said Tengku Muhammad Taufik.

At 46, Tengku Muhammad Taufik may seem young, but his demeanour, how he handles himself, his stature, confidence and capability — how he explained the numbers at Petronas — were impressive. And with age on his side, he could be at the helm of the national oil company for the foreseeable future and set the direction for Petronas' next phase of development including diversifying into renewable energy and speciality plastics.

A Petronas scholar, Tengku Muhammad Taufik served in the early 2000s as executive assistant to former chairman, the late Tun Azizan Zainul Abidin — the man who, among others, crafted Petronas’ mission statement to be an organisation of high integrity and professional values. The late Azizan was also the one who kick-started Petronas' global expansion.

according to my research , Harta IPO on 21-4-2008, at price of 0.16 (after adjustment for numerous bonus issues & dividends) , as at today price = 12.00 , the return is X 75 for 12 years !!
The ONLY problem is how many investors have this patient to wait that long ??

A long term value investor target price for Bursa best managed company Harta :-
2025 TP = RM100
2030 TP = RM500

Most oil counters shooting up already but this lazy bastard still sleeping !!!

To all the fucking stupid analysts out there, please downgrade Harta to RM5.00 TP !!
I want to buy cheap !! Please !
JP Morgan, please drop the TP to RM2.00 !! Please !!

不过呢，长期来说我依然相信 HARTA 值得超过这个价钱，毕竟在手套价格爆炸之前，大家所谓的 “OEM” 就让他们非常赚钱 是所有手套公司里面最高的一个，那么回调下来的话，我也相信 HARTA 依然是里面的王者！

好了，说到这里肯定会有人问我什么价位会去接飞刀 如果明天 HARTA 继续跌的话，我就做敢死队买一点点来收，到最后我还是相信一句话：

好公司，总有一天会被市场认同的。

To all glove-stock-believers, there is only one thing you need to do :- save enough money to accumulate more Harta when the price keep dropping ... hopefully touch dream bottom of 8.50 !
Then sit back and relax waiting patiently for their quarterly result for 2021 ... where ASP (and profit) will keep rising due to super-normal demand of gloves in the whole world to inject vaccine (easily x 5 of current glove-using rate ) ... which might prolong up to 2023 when the whole world is sufficiently vacinated.
Let the quarterly results to dictate the market price, by 2021, I can guarantee you all, those patiently holding up will see many fucking stupid investors to panic buy Harta again and chase the price up to RM40 ... at least !

IF Harta drops to 8.50, you can mortgage all your house, maximize your margin to sai lang all in liao !! That will be BUY of the year in Bursa trade !!

Yes !! Thank you very much JP Morgan, with your cunning anaysis, those weak holders will dump and cut loss at all costs to dump it all the way to 8.50 for those smart value investors out there to collect at dirt cheap price !!
Hope that next year short selling reopen, more and more fucking stupid people can short it down to 5.00 !! Yes ! our dream price to sapu all in !!!!

before March most analysts TP = 40-50 !!
But after that all pakat and reduce TP to 10-15, big bosses kedekut kah ?
spend few more bucks to pay them, analysts also need to minum kopi right ?? LOL

ask big sharks or velesto's big boss quickly pay the analysts well to raise the TP lah !! LOL !!

No need to curse this counter, please just cut loss and dump all your holding together with EPF until it goes down to 12 , please please please !! thank you !

Yess, if you have no patient to wait for huge gain by 2021, please dump all your shares until the price drop to 12 and below for me & other value investors to collect at cheap !!
please dump dump dump !! Thank you

Yes !!! Please drop some more some more !! All the way to 12.00 !! please !
Those fucking stupid fund managers , newbies, punters , speculators please sell cheap at 12.00 to me !!! thank you !!!

Harta price please drop down more !! To 12.00 hopefully !!
I want to collect this most under value glove stock and numbor 1 company in Bursa !!
Those stupid punters / speculators please sell HArta at price12.00 to me !! Thanks !!

My 5 year TP = RM100 .... by that time most newbie punters / speculators would have ended up in Holland already !!

Tiap tiap hari teriak MARI MARI, bila baru nak MARI kah ???

before covid-19, most fucking stupid analysts s TP are 40-50 cents !!

"markets can stay illogical a lot longer than you can stay solvent" ....

If good share goes down, don't blame the company, blame all the fucking stupid investors out there !! :)

TP :- end 2020 - RM25. 2021 - RM40, 2025 - RM100

EPF straightaway sapu 174 mils share (almost 5 %) in one day !!
We have big boss Kuan (support at 12), EPF (support at 14) ... give me one f*cking good reason, this is not a solid sleep-well glove company for you to invest long term !!
BY end 2021, TP will be 40 at least ! !!

SO how ? Still want to follow this "Koon-man" to "taruh" in supermax ? AS he jumped ship already ?? lol

invested in Harta, you can sleep well at night !
Their ASP is the last to go up,... and also their ASP is the last to go down !!
Invested in big cap glove companies is better than small cap glove companies or other new set-ups which can only start to produce gloves when the ASP is dropping (by that time those new set-ups could be operating at thin profit margin or even at loss !)
Big glove cos can command the pricing as their cost is very low (Harta the lowest) and could easily cut price to kill off the small companies or new set-ups !!

"5. Eventually when enough masses had been innoculated and WHO declares the end of H1N1 pandemic, prices corrected itself. the QR which all BIG 4 release reflected the decrease in revenue (except HARTA which lasted a while longer). "

TAKE NOTE OF THIS FINDING ALSO !!

In understanding the past we may predict the future with higher level of accuracy. The discovery of COVID-19 vaccine is imminent. This fact obviously worries alot of glove stock investors as the sell down continues since the announcement of Pfizer's mRNA based vaccine a week back.

In this article, I present and compare the past performance of share price and QR of Topglov, Harta, Supermx & Kossan (btw all of this information is actually public info) .

1. We can see that prices of BIG 4 started to move up even before WHO declare H1N1 as pandemic. I guess this was where the smart money started to flow in.

2. For TOPGLOV, HARTA & SUPERMX, its share price move north aggrresively when WHO eventually declare world-wide pandemic on 11th June-09.

3. Now this is the part that is interesting, on 15th Sep 2009, FDA approved 4 vaccines (and finally the 5th one was on 16 Nov). At this point onwards, the share price of ALL 4 of them rallied more aggresive compare to the time there was no vaccine. The moving up lasted between 8 to 10 months with some correction in between.

4. Fundamentally, if you see the QR reported during the pandemic window, it DOES NOT reflect as strong PAT /margin as what they do now:

a) From at least TOPGLOV & SUPERMX QR notes, they did not indicate of foward selling. Today their inventories are oversold until end 2021.

b). During this period latex prices & crude oil (butaine) were higher than they were today. MYR was also stronger. Hence impact on PAT.

c). Today the glove produciton volume are at least double of where they were in 2009 e.g: Topglove only produce aprpox 30 bil pcs/year, now they are reaching 100 bil.

d). This is common knowledge that COVID-19 hits the world worst than H1N1. Therefore global demand have surged multiple times that of H1N1 era.

5. Eventually when enough masses had been innoculated and WHO declares the end of H1N1 pandemic, prices corrected itself. the QR which all BIG 4 release reflected the decrease in revenue (except HARTA which lasted a while longer).

So the question to ask yourself if you are investing in glove today or you are deciding to cut loss is this....why do you think the price move up north stronger after H1N1 vaccine is approved by FDA in Sep-09? Will history repeat itself? Does the discovery of vaccine or the anticipation that it will be available in Dec or Q1 2021 reduces the demand for glove? What does history teach us?

Time to koon = time to con ?
AT 's glove factory could be fake or their projection of profit is to "koon" also ?

KYY jumped ship to AT already ?? lol

Now it is a good opportunity to collect more HARTA at dirt cheap price !!

DK, whatever your name is, we just know you are the number 1 big fan of Jaks in I3 !

https://klse.i3investor.com/blogs/E_Wave/2020-11-09-story-h1535690143-Gloves_Waves_HARTALEGA_has_the_Best_Bull_Waves_among_all_gloves_stock.jsp

After screening through all waves count among the top gloves stocks, i found that Hartalega has the best setup for the impending Higher Degree of Wave 5 Bull Run where the current Wave 4 Correction is soon end. The current healthy correction level with a strong PTI reading of 64 which would lead to higher tendency to succeed Wave 5 strongly. Wave 5 potential targets are TP1 Rm21 or TP2 RM23.

All waves' count and projected target are generated based on past/current price level and it may be subjected to vary if degree of momentum movement change.

Trade safely

Wave Believer

Foreign funds are coming back ! Harta is always one of foreign funds' favorite !
Do take note !!

TP :- RM100 in 5 years time !!

newbie is forever a newbie ....
Those super investors (or syndicate / goreng kings in truth) needs publicity for a good f*cking reason to make money .....
in case you don't quite understand that .........

once Harta announce bonus issue in the coming quarter report, the sky is the limit liao !!!!

Whoever follows KYY's calls, mostly ended up in Holland !! LOL

Harta top gainer no.1 gain today !!!
If next week everyday Top gainer no.1 ( +1.00 to 1.50 per day ), all shareholders here will HUAT lah !!!!

Harta is Top gainers No.1 today !!
The glove giant has woken UP !!!!!!!!

@ Universeck
Judging by how KYY & the gangs "pump & dump" operation, when they want to press down the counters for them to collect cheap, they will publicly talk down the share with 1001 reasons,
when they want to off load the counters, they will publicly talk up the shares with 2002 reasons !
KYY & the gangs have been jumping from comfort , to supermax , then top gloves , then comfort , now supermax !
I won't be suprise this gang have been quietly accumulating Harta, and once they collect enough volumes, he will publicly talk up harta with 3003 reasons !!
SO once KYY talk bad about one counter ... meaning .... they are in accumulating mode !!

one quarter lost 30 millions, 10 quarters of 30 millions loss , all cash 300 millions burnt ??
Jia Lat liao lah !!!

Ah Kuan keeps buying non stop these few days !! He will suport you until kaw kaw lah !
Don't worry !!!

Looks like all glove counters are going to have strong rebound while all vaccine counters will go LIMIT DOWN today !!!!!

"Our 3QCY20 Top Picks are: BJTOTO (OP; TP: RM2.40), D&O (OP; TP: RM1.20), GENM (OP; TP: RM2.75), HARTA (OP; TP: RM26.22), HLBANK (OP; TP: RM17.00), MPI (OP; TP: RM18.80), PWROOT (OP; TP: RM2.75), RHBBANK (OP; TP: RM5.75), SUNCON (OP; TP: RM245) and TENAGA (OP; TP: RM13.90). "

Kenanga's report :- Harta s TP = RM 26.22

@ Iamnotasifu,
my bet is they will announce bonus issue (1:1) at next QR (middle of Nov,20) when they announce super ASP with EPS of at least 18 cent (up 300% from 6 sth cts the pervious one) , most analysts estimated forward annual EPS will be around 80 cents, 80 cts X EPS of 35 ( past few years eps ratio) will give you value of RM28.00.
they will start to increase their ASP (parallel with the market price) after the end of lock-in period with most MNCs come this Q and next Q. Bearing in mind for the past 10 over years, they are able to produce the best profit margin amongst top 4.

"For Hartalega, we believe that its earnings in coming quarters would see a sharp
increase, as their ASPs were still below market rate in 1H20 given it had locked in
its sales prior to the outbreak of COVID-19. "

Affin Hwang 's TP = 28.80 !!

Head and shoulders ?
Dickhead and kuku-balls-shoulders lah !!
Now dickhead berkembang liao >>>>>>>>>>
LOL

Harta will have lowest ASP going forward because they don't want to offend MNC companies !!
so their EPS will drop to 1 sen only !!!! Quickly dump dump dump the shares !!!!!

Careplus, HLT, rubberex , comfort's revenue & profit will overtake Harta next QR !!
Quickly dump dump dump the shares !!!!!

Harta next Q will report EPS of 1 sen only i think !!!
Quickly dump dump dump the shares !!!!!