Nutsucker eyes red.... hahahaha

Thx for the heads up KimSua

Then say in in Ranhill forum lor. Why say it here? You expect people to sell Harta and buy Ranhill ka? 😂

NatsukoMishima

With this rm 3.47 price , i better buy ranhill for coming robust net profit when DC starts operate , ranhill share price will surge 500 % from now ! Glove stocks wont back to pre pandemic level forever !

KimSua ... Totally agree. Will hover around 2.5 until Q4 2024 result to decide. I expect better results.

This export rebate cancelation will prevent China exporter from throwing price. Now they have to compete without CCP back up.

Another share from Harta forum:

Aiyoh ... 50% of US order is secured without China kacau2.
The other 50% is price war and you think Msia cannot fight them? Glove is low margin, low tech product. China's cost base is no difference than Msia.
For comparison 2023 annual report: Cost of Revenue/Revenue
Harta = 86.77%
INTCO (China) = 86.30%
To me... this is not much difference.

Before COVID, China was not focus too much on gloves but after covid and their production increases, they want to muscle in by throwing price. Basically stealing Msia customers base. But remember this, OVERHEAD cost is a KILLER in this kind of VOLUME game products. That's why Topglove is still making losses. INTCO (China) is 79 bill annual capacity. Kossan and Harta stands at 35bill annually which is at the optimum production capacity to make money. INTCO will go into losses soon enough. AND without US market, China will lose even more.

Remember Evergrande? Why have they gone bankrupt? High debt. INTCO debt exploded from RMB280 mill to RMB7.17 bill. That is 25.6 times. When their production size cannot justify the sales they have, they will cut down production significantly and lose economy of scale. They have enough cash to cover their debt but they definitely cannot THROW PRICE to steal Msia customer base.

With US tariff, China is no longer a threat.

Aiyoh ... 50% of US order is secured without China kacau2.
The other 50% is price war and you think Msia cannot fight them? Glove is low margin, low tech product. China's cost base is no difference than Msia.
For comparison 2023 annual report: Cost of Revenue/Revenue
Harta = 86.77%
INTCO (China) = 86.30%
To me... this is not much difference.

Before COVID, China was not focus too much on gloves but after covid and their production increases, they want to muscle in by throwing price. Basically stealing Msia customers base. But remember this, OVERHEAD cost is a KILLER in this kind of VOLUME game products. That's why Topglove is still making losses. INTCO (China) is 79 bill annual capacity. Kossan and Harta stands at 35bill annually which is at the optimum production capacity to make money. INTCO will go into losses soon enough. AND without US market, China will lose even more.

Remember Evergrande? Why have they gone bankrupt? High debt. INTCO debt exploded from RMB280 mill to RMB7.17 bill. That is 25.6 times. When their production size cannot justify the sales they have, they will cut down production significantly and lose economy of scale. They have enough cash to cover their debt but they definitely cannot THROW PRICE to steal Msia customer base.

With US tariff, China is no longer a threat.

Another share:

Harta management is the "best" is only by reputation. I give you that. But that is just a small part to the overall picture. Don't forget, glove is a LOW margin product and easy to make. China was a threat before the tariff. AFTER the tariff, Msia gloves are on an even playing field.

You talk about automation, Kossan has been doing that since 2017 and with strong cash position, they had been upgrading production since 2021. Now is almost 2025. They had spent 4 years to be fully automated. Kossan is no way behind Hartalega in this aspect.
https://theedgemalaysia.com/article/cover-story-slow-and-steady-route-digital-transformation

Kossan has one bad reputation problem; CEO sells shares when price is high. A bit annoying but hey, he is allowed to do that. This caused Kossan to be undervalued AT THE MOMENT. But things that matters like production, quality etc ... Kossan is as good as Harta. Remember, Kossan and Harta were the only 2 glove companies that were not banned by US Custom on labour issues.

Topglove ... well they are big. That's all.

So Dawchok, it not arrogance. It's facts. Get off your high horse on "best management". It's only goes on for a while. It will wear off fast. Btw, Kossan is the only glove company making profit this Q3. And been paying dividend.


dawchok

The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG

Harta management is the "best" is only by reputation. I give you that. But that is just a small part to the overall picture. Don't forget, glove is a LOW margin product and easy to make. China was a threat before the tariff. AFTER the tariff, Msia gloves are on an even playing field.

You talk about automation, Kossan has been doing that since 2017 and with strong cash position, they had been upgrading production since 2021. Now is almost 2025. They had spent 4 years to be fully automated. Kossan is no way behind Hartalega in this aspect.
https://theedgemalaysia.com/article/cover-story-slow-and-steady-route-digital-transformation

Kossan has one bad reputation problem; CEO sells shares when price is high. A bit annoying but hey, he is allowed to do that. This caused Kossan to be undervalued AT THE MOMENT. But things that matters like production, quality etc ... Kossan is as good as Harta. Remember, Kossan and Harta were the only 2 glove companies that were not banned by US Custom on labour issues.

Topglove ... well they are big. That's all.

So Dawchok, it not arrogance. It's facts. Get off your high horse on "best management". It's only goes on for a while. It will wear off fast. Btw, Kossan is the only glove company making profit this Q3. And been paying dividend.


dawchok

The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG

Something to share what I posted on Hartalega forum:

No. We are NOT investing for another pandemic. That could be another 100 years from now. We are investing in US-China rivalry and it is bearing fruit since USTR announce 50%(2025) and 100%(2026) tariff on China gloves.
Between Intco and Bluesail production is about 90bill annual capacity. With tariff, Msia and Thai glove has the upside on volume and ASP to sell in US market (largest market for gloves).

Even with 10% or 20% tariff on Msia & Thai, we are still cheaper than China. But I don't think that will happen. US target is really China thanks to Supermax. Supermax is on board in American Medical Manufacturers Association (AMMA). They are the one convince US to place tariff on China. Supermax production capacity in Texas is only 4.8 bill per annum, meaning the rest of US order will come from Supermax Msia. Supermax will not be silly to want tariff on Msia gloves.

And if Supermax to expand they production in US, that would eat a lot into their capital. They spent billions and are losing money these few years bcoz of building their plant in US. It would take years for this expansion to take place. So we have a good 4 years for Msia gloves. By then PE of 150 will drop to PE 25 when the profit has increased tremendously.

Please do your research before you shoot your mouth.
On Supermax.
https://theedgemalaysia.com/node/726994


mushimushi

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

No. We are NOT investing for another pandemic. That could be another 100 years from now. We are investing in US-China rivalry and it is bearing fruit since USTR announce 50%(2025) and 100%(2026) tariff on China gloves.
Between Intco and Bluesail production is about 90bill annual capacity. With tariff, Msia and Thai glove has the upside on volume and ASP to sell in US market (largest market for gloves).

Even with 10% or 20% tariff on Msia & Thai, we are still cheaper than China. But I don't think that will happen. US target is really China thanks to Supermax. Supermax is on board in American Medical Manufacturers Association (AMMA). They are the one convince US to place tariff on China. Supermax production capacity in Texas is only 4.8 bill per annum, meaning the rest of US order will come from Supermax Msia. Supermax will not be silly to want tariff on Msia gloves.

And if Supermax to expand they production in US, that would eat a lot into their capital. They spent billions and are losing money these few years bcoz of building their plant in US. It would take years for this expansion to take place. So we have a good 4 years for Msia gloves. By then PE of 150 will drop to PE 25 when the profit has increased tremendously.

Please do your research before you shoot your mouth.
On Supermax.
https://theedgemalaysia.com/node/726994


mushimushi

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

YEah.... Revenue increase and still profitable. Not like Harta in operating loss.

Kossan QR today or 20th Nov?

What is the objective of tariff? So manufacturers will open a plant in USA and provide jobs. Tesla already have a plant in China so Elon is already golden in his position in China. Trump is expecting China EV to open plants in US if they want to sell in US. China being in economic downturn wouldn't touch Elon in China because of job security for Chinese people there. Many Korean and Japanese manufacturers had already left China and now many Chinese are jobless.

Elon will keep supporting Trump on China's tariff. Trump's tariff is a bargaining chip for one big issue ... BRICS. Democrats use war for this issue. They convince Zelensky for Ukraine to join NATO, knowing well that Putin will retaliate with war. That's why Nancy Pelosi visited Taiwan, to start a war with China. Trump doesn't want war so he uses tariff.

AS reported, loss due to abrupt higher RM value to USD and increase operating cost on new production line.

And another thing, Trump's plan for oil&gas in US will make natural gas cheaper in global market.
Good for Msian glove makers.

And another thing, Trump's plan for oil&gas in US will make natural gas cheaper in global market.
Good for Msian glove makers.

50% (2025) & 100% (2026) Tariff on China glove is CONFIRMED.
20% tariff on OTHER glove makers ... First time heard it from Calvin Tan. True or not, nobody knows.

Firstly, I think Trump is smart enough to know putting on 20% tariff on other glove manufacturers will increase price for Americans. Their target is China. Not hurting their own people. With 4 big glove makers in Msia and Sri Trang in Thailand, they will be competing price wise to lure American buyers. No need to disturb situation that's advantages to USA.

Second and most important factor, glove is a LOW margin product. Trump is targeting for HIGH margin products like EV cars, cars, smartphones etc. to be manufactured in USA. They want to bring these manufacturing back to USA. Other low margin products is focus on cheap labours overseas.

Trump's decision to lower corporate tax also to lure American companies to bring back their overseas profit back to US and pay US tax. Most US companies have offshore accounts/companies for lower taxes purposes.

If Supermax were to build their factory in Mexico, I would buy their shares. But building in US with higher labour cost and stringent government regulations, I would stay away.

3rdly, I think Calvin Tan owns Supermax shares and trying to boost the price up. 😂😂🤣😂😁

50% (2025) & 100% (2026) Tariff on China glove is CONFIRMED.
20% tariff on OTHER glove makers ... First time heard it from Calvin Tan. True or not, nobody knows.

Firstly, I think Trump is smart enough to know putting on 20% tariff on other glove manufacturers will increase price for Americans. Their target is China. Not hurting their own people. With 4 big glove makers in Msia and Sri Trang in Thailand, they will be competing price wise to lure American buyers. No need to disturb situation that's advantages to USA.

Second and most important factor, glove is a LOW margin product. Trump is targeting for HIGH margin products like EV cars, cars, smartphones etc. to be manufactured in USA. They want to bring these manufacturing back to USA. Other low margin products is focus on cheap labours overseas.

Trump's decision to lower corporate tax also to lure American companies to bring back their overseas profit back to US and pay US tax. Most US companies have offshore accounts/companies for lower taxes purposes.

If Supermax were to build their factory in Mexico, I would buy their shares. But building in US with higher labour cost and stringent government regulations, I would stay away.

3rdly, I think Calvin Tan owns Supermax shares and trying to boost the price up. 😂😂🤣😂😁

I didn't analyze the finances and all ... just on the new operation in US, I don't really like it. US workers union will definitely make high labour cost. US has too many redtapes and regulations. OF course they will benefit on US tariff on China, but Msia gloves also benefit even if US has 10% tariff on Msia.

Dear Chipee
what do u think Supermax?

To see the effect of the tariff, we to wait for Q4 result.

EU-China tariff fight is ON! Just like war, China will retaliate with tariff on EU and EU hopefully retaliate with tariff on ... China gloves? 😁

https://www.thestar.com.my/business/business-news/2024/10/31/china-tells-carmakers-to-pause-investment-in-eu-countries-backing-ev-tariffs-sources-say

Doesn't make any difference if Trump or Kamala. Both are anti-China.
But watch on Congress wins. See who holds majority for control. I'm hoping for almost 50/50 position.

ABRD and KWSP dispose SAME number of shares for a few days? I think there's some glitch in Bursa information or something weird is going on.

When US tariff announce at 25% in 2026, Kossan shot to Rm3.
Now US tariff already announce at 50% in 2025 and 100% in 2026..... It should shoot up to at least Rm3.

I think we can forget about Q3 result. Look at Topglove, they make a loss and the stock is up.
Bull all the way for gloves.

I think we can forget about Q3 result. Look at Topglove, they make a loss and the stock is up.
Bull all the way for gloves.

I think government will remove the subsidy just like the chicken. And in return, price ceiling will be lifted. Bode well for LHI. CAB lose money bcoz they lose market share to LHI and others.

If remove subsidy. Then should remove price control.
Should be good new. Getting price increase from sales is faster than receiving money from government via red tape.

Currently, egg producers are given subsidy at a rate of 10 sen per egg, while the ceiling retail prices for Grade A, B and C chicken eggs is set at 42 sen, 40 sen and 38 sen per egg.

I will top up if this happens.

Muyutin

DUN TOO HAPPY
LHI WILL CRASH SOON
AFTER MYCC RESULTS COMES OUT

Nah ... people take profit from KLSE and move to HK and China market.

Then we should see better result in Q3. Nat gas and oil prices are down. Q4 we should see more order coming from US. They might avoid China fearing their cargo may arrive in 2025.

Another day, another tin kosong comment from him. 😂

NatsukoMishima

EU n USA will follow India to ban also !

Msia is killing our own economy. Hiking foreign pay will syphon our money into their country. And at 2K/month, this foreign workers don't pay tax although there's levies paid but paid by employers. Increasing foreign pay will not encourage employers to hire locals instead bcoz locals don't want the job to begin with.

Thx u hng33

After reading the pusing article, I leave the 'subsidiary' part open to question. I did some Googling and couldn't find prove of it. So I guess I was wrong.


Huangbk72

@Chipee

U should read the article carefully.

Mun Health is a subsidiary of Hartalega

Sslee

Name of company Country of incorporation Principal activities Proportion of ownership interests and voting rights held by the Group
2024 2023

Subsidiaries of Hartalega Sdn. Bhd.
MUN Health Product (India) Pvt Ltd (1) India Retail and wholesale of gloves 81% 81%

Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...

Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.

This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .

Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...

Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.

This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

US-China rivalry. Which Msia industry benefit from this scenario? With Ukraine war and BRICS, globalization is shifting big time. US tariff on China already showing us the possibility. Will EU, Canada, Australia, Japan and South Korea follow on the tariff on China? Place your bets. I bet US and USD wins. US increase rates, other countries suffer proves the world in addicted to USD via Eurodollar systems. This is the macro economy idea to bet on Msia gloves.

Supernoob

frankly so many stocks..why glove? haha..this are the questions that you must ask yourself before you invest in this company.

Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

Again and again ... Told you learn about macro-economy. But you keep talking like tin kosong. Cutting rate is not stimulus. The more you talk, the more ppl know you stew-pid. 😂


NatsukoMishima

China glove will be 0 cost with strong stimulus plan from president XI

Yeah. Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

USD coming down is good. Cost of corn and soy becomes cheaper..

Good share from Michael Lee

US, EU and Canada are more afraid of China deflation coming to them. Why do you think they are setting tariff on China? Macro economy. Pls learn it. Don't make noise like tin kosong.

NatsukoMishima

Without china product US inflation will resurge back ! They wont allow it happen !

How do you report on capital gain to IRB? As I know there's no capital gain tax. Or no need to report at all even when for day trading.

"Attractive Dividend policy"? Hahaha.... Hartalega only recently give dividend since their last dividend in 2022.
Kossan has been constantly giving dividend. Sell your Hartalega and buy Kossan. Kossan should be same value as Hartalega.

WDCQ_I_am_legend

https://youtu.be/tkuYRBsxxxA

Let day traders clear their holdings. Long term investors can hold until Q125 to see the effect of the tariff.
Q3 & Q4 2024 is pretty much irrelevant.

Nutsuko got burnt bad by glove counters. Now he pissed off. 😂

findfreedom

I don't understand NatsukoMishima like 跟glove counter有仇

FED cut rates. We are back in lower rate. Good for LHI high debt situation.