110million units today... my god

Based on last few days' trend, major dumping in the morning and then walling in the afternoon to prevent rebound. Let's see. Gain/loss out of the picture (makes no sense for me to sell now - cant do much with amount recovered), intrigued to see where this goes. Live and learn.

Yeah I wouldn't rely on "tomorrow", it has been a baddd few days. Announcement for 10 August just out, EPF only sold 5.1mil units out of the 32mil units traded. They still have plenty of chips to throw, question is, how low are they willing to go? Selling each share at below NAPS?

@Cerubic too bad they do not have virtual meeting that I can multitask listen to. Let me know if they share anything interesting & new.

32mil, 23mil, and then 48mil shares traded on 10, 11, and 12 August respectively. For each share sold, there was a buyer. Another 27mil units changed hands this morning, how long will this insanity last?

Wow no sharp rebound even at below RM2, can't say I'm not surprised at the slightest. If EPF is the one doing this, why not negotiate a deal with another institutional investor behind the scenes? Dumping shares in the open markets in the millions (units) for multiple days, that's crazy. We'll see if it is really EPF when the announcement comes next week.

Relax Cerubic, nothing we can change by commenting much here. Just share your opinion and walk away if no one wants to engage in a constructive conversation. If a random stranger wants to rely on i3 comments for their investment decision, well they have a hard lesson to learn anyway. That's what I've learnt from hanging around in this forum.

@charles average price @4.5, so it's about 50% now when only looking solely at capital. But after taking into account the huge dividend payouts in 2021, i think its less than that, lazy to quantify exactly.

Dropping another 50% means lower than NTA. Unless we're suspecting fraudulent reporting, i don't think that we have any indication about that...

There was windfall tax, just unlikely to have another round this year given that there's no more "windfall" for glove sector this year. Some people are just a bit slow on the brain.

There's no windfall tax if there's insufficient profit to be taxed, unless the government literally wants to kill these companies.

Observatory's comment on long term investors are quite true, maybe one should review their positions if you dont fit the description.

Also on the supply-demand equilibrium, I'm pretty confident some form of decommissioning would happen with so many new companies rushing in during the glove mania. I guess we shall see.

My view is that this stock is a hold right now. Advising to buy/sell is pretty tricky. Unless ofcourse, if you have better investment that you're confident can get you money in the shorter term, by all means, sell and buy that. I've caught the 2.5 train this time around and will be holding till better days.

Odd belated dumping, foreign/institutional investors?

Im doubtful of a much worse quarterly, happy with this quarter. Let's see.

Looking at the bright side, first time I'm seeing no red after QR in a long while. Assuming results are within expectations now instead of under-performing.

Great observations by observatory, as usual.

RM88mil is after tax, ofcourse people compare to profit after cukai makmur la. Pakai la otak and mata bila baca. If you want to compare PBT, it was a drop from 218mil (22% margin) to 134mil (15% margin).

It looks negative when you zoom in and do analysis on just 2 quarters. But bearing covid in mind, it is pleasant to see that while our lives have gone back to normal, Harta is still making more than pre-covid. Just zoom out and look at August 2019, you will notice there is an increased in revenue and profit despite lower profit margin. Management has communicated about the falling margin and we can only hope that this stabilises over the next few quarters.

I don't see major negatives based on my own reading and comments here so far. Feel free to enlighten me if you have different views.

Previous quarterly results announced in 10 May, not even 3 full months has passed, yet someone said "missed dateline" and concluded that it is going to holland with results announcement only coming end of month. I guess this is how false rumor start to spread.

I'm also cautiously optimistic to see some profits, would need extra explanations from management if there are losses. QR should come before end of the week, whether today or not, nobody knows. DYOR, be responsible for your own money/investment, you dont know which strangers online holds stocks or don't. Trolls everywhere.

Annual report excerpts:
"...However, ongoing headwinds look to remain for the short to mid term. Prevailing external risks within the current environment which could have a bearing on business resilience and prospects include the Russia-Ukraine war and recent lockdowns of major cities in China arising from a spike in COVID-19 cases, which have caused further strain on global supply chains and led to higher commodity and raw material prices.

The Group is also contending with the risk of increased operating cost, as the overall operating cost environment faces rising inflation, higher electricity and natural gas tariffs, coupled with the new minimum wage policy in Malaysia which came into effect on 1 May 2022. Compounding this, the Group is seeing escalating market competition exacerbated by the continued oversupply situation in the global glove industry. The normalisation of the pandemic has also led to the current unfavourable supply and demand dynamics.

Nevertheless, Hartalega remains focused on overcoming the headwinds facing the industry. We have experienced various downcycles since our establishment more than 30 years ago and braved our fair share of storms. Moving forward, the Group will continue to strengthen our fundamentals by improving efficiencies and reducing wastage. In line with our drive to ensure business resilience, we will also scale up our automation as well as digitalisation initiatives.

We have the resilience, skill set and spirit of innovation to propel the Group forward. While ASP will continue to be a risk factor, there are bright spots such as the reopening of international borders, which is expected to relieve the current labour shortage. The uptick in global healthcare awareness in the post-pandemic era also bodes well for the Group, particularly in emerging markets where glove usage per capita is set to grow.

Building on our proven track record, we continue to take a future-focused approach. Our healthy balance sheet provides us with a sizeable war chest to drive the growth of the Group over the long term..."

Go ahead to read the annual report yourself if you're interested to read further. You can call me a sheep, but I trust the management so far.

Is there no way to get Khatulistiwa permanently banned... back after 3 weeks

Shouting for Harta to go below RM1 since Harta was RM5, and then shout at DNex saying RM4 - 6 is not a dream. Natsuko is a joker, not investor.

I see Karma is hitting back at you like at DNeX Natsuko, enjoy :)

LOL Natsuko, I don't predict share price because I'm not bomoh with 2 coconut.

Hmm, just 10% NP? I'm hoping for similar or better results than the Dec 2021 quarter. ASP more or less bottomed out + no more cukai makmur. But this is pure guessing, we shall see.

Next QR is near, should be before 3rd week of August. Hoping to see better pbt than previous few quarters.

Hmm, 9 million units moved hands considered low volume for Harta? Hodl.

LOL Natsuko, it's either you're advising every counter to sell, or our investment taste is exactly opposite.

LOL wtf EPF bought so much on 29 June, EPF be swing trading.

Swing like a yo yo, stay cautious trading this counter.

LOL at people still trying to predict the future. Come on guys.

EPF continue to throw at every rebound I guess, these announcement are lagging behind. Wait and see, invest responsibly if you are planning to top up. Catching the bottom will be tough.

Mark my word LOL. How soon is soon? Need something specific to see back.

LOL khatulistiwa is like the same but opposite of Natsuko.

Well I guess we can't be running around calling glove stocks a safe bet any more with all the challenges Malaysian glove producers are facing. Can only hope that the increased risk has an increase potential reward (which the potential reward is definitely much more at the current pricing as compared to a few months back), but high risk high return is not for everyone.

God damn EPF is really net selling now, major dump on every rebound in the past weeks.

Thanks @ccpool for this:
"Go take a break. Away from the price action and plan how you can position yourself in this bear market and DCA at significant support level rather than " i think its the bottom, i will top up here". only to see it go down further."

The last part is important.

@Mini2021 Natsuko will ask you to go buy DNeX. DNeX is going to the moon according to them.

Sad to hear that Anxious, hope you have a better place for the amount recovered and it gives you healthy gains. For me, no time to research other investment and rebuild the faith, so I HODL.

Hang in there Cerubic. I'm a little concern that haven't seen Anxious in awhile. Sh!t happens, we shall definitely celebrate together when things are back to normal. I promise to message you before I sell, if I ever decide to sell.

Yeah, rate hike & inflation will definitely impact many companies. That's why harta's strong balance sheet and good cash flow gives it premium over other glove counters. I'm very afraid as well to look at harta's future QR, if it follows suit with TG, then it will be very concerning. I'm hoping the previous QR's profit can be sustained, if not better.

@Natsuko, Supermax have not clear their issue with CBP isn't it? Why are you posting Supermax's news here? Harta did not get into any trouble with CBP or human rights issue. Classic fearmongering seriously.

@kaitan yeah, i dont want to be fearmongering saying it will definitely happen. But living in denial like how we did before Rus invaded Ukr and thinking that "impossible it will happen" and "its too costly to do that in modern world" is clearly wrong. It can happen, we can only hope all these big boys learn from Rus Ukr and finds the win win solution instead of lose lose.

@ccpool >DCA method definitely works and is probably the only way for you to go through bear market but please don't go buy at random places and end up with no capital to buy the real dip.

Yeah that's the biggest lesson learnt so far this year, for me. Should've gauge total capital to be invested using timeline and then invest patiently, went it too quick and that's a mistake. No wonder long term investors takes long time to slowly deploy their capital in small portions.

@cerubic I'm not saying it will happen, but if China do anything to Taiwan, then we could be looking at sanctions in the best case scenario for Harta & Malaysian glove makers and WW3 in the worst case scenario for everyone.

few months ago i thought to myself, how nice would it be if i've invested in harta few years back, can buy at below rm4. Now it reach below rm3 i got no money to buy more. Irony. LOL

bang, we don't do this full time. Just make more money from active income to patch back uncertainties. What goes around comes around.

Timing the market is hard guys. Don't gamble. DYOR, make informed decisions and invest responsibly (don't try to get rich quick).

Stay strong @Cerubic. Also to our other comrads bang_miskin & anxious. I'll be back when I have more money to average down.

Wow it actually broke the RM3 support. *Looks away*

Preparing for recession. Recession = time to accumulate slowly.