@rr88 hold for how long depends on whether we going into WW3 or the world revert back to normal.

Yeah, very true on valuation part. Trying not to invest more here cause can't really foresee any good sentiment coming in for the next couple years, unless the price just gets too attractive (like 50% down from my average). But we'll never know for sure.

@Natsuko, can't lose underpants if I don't invest my underpants.

@observatory I do believe that there is a high chance that some of the Chinese companies will be able to survive the eventual consolidation from glove oversupply. Even Harta's management said that Malaysia's market share/dominance will fall. But I also believe that if any Malaysian company walk out of this threat surviving and possibly thriving, Harta will be among them.

Sorry guys, I think it fell because I bought more. A bit suay recently. Sincere apologies.

Nuclear plant explosion scare, hoping for recovery from this sudden dip relatively soon.

Wow it is pretty ballsy to speak publicly like that under the CCP regime. Quick browsing his weibo, appears to be a nice guy too.

@Anxious In hindsight, we could've all pull out at RM7 and get almost double the amount of stocks now. Being able to min-max trading feels like consistently hitting the lottery for me, so I don't count on it and look back at yesterday's toto result telling myself I should've bought which number.

I pray and hope that you wont need the money invested in Harta any time soon, I still have confidence in Harta in the very long term (after the company navigates around it's current challenges - which will take time to show).

@bang_miskin the hodl comrade. Topped up a little today at new low. Saving bullets just incase more new lows are coming.

@bang_miskin waiting for these QR feels like supporting the underdog that many people expect to lose. I also don't see glove's share price to pick up significantly in the near future without the glove mania. The rational part of me is asking me to sell some and buy back lower later, but there's always a small chance that these glove companies surprise us with their result and the share price recovers back to at least a reasonable price to adjust portfolio. Any how, topping up in glove counters (or buying the dip) are really low in my priority right now as I feel that there's limited upside within the next couple of years, most likely will just hold and collect dividends since my average price aint too high either.

RM5 was my first average down LOL. And then Putin decided to attack.

@eatcoconut
>Russian war can affect bursa meh. So far away

Investors makes up share prices. Investors in Bursa can be investors from all over the world/investing in markets other than Bursa. When one pocket money out, another pocket need to feed money in. Look at the bigger picture.

Hi again, bang_miskin :D same, have a small stake here at pretty high average, looking to average down around the 3.7-3.8 range but it didnt go there again after the first drop.

>I have a very small stake in greatech, no plans to sell, but have plans to buy if it drops to around RM3.70. Keep for long term lah. If company's fundamental's good can wait and bottom fish this counter.

Cheers @Monetary. Let's just hope for the best in this shitty ass situation. I don't have enough to become filthy rich by buying the dip anyway LOL.

Well honestly speaking, I have buy orders queued as well to average down. Just that it did not hit my target price today. But I don't feel good asking people to just buy. More sanctions will be announced tomorrow, and we don't really know how the market will react to it.

We can only hope that the West don't escalate the situation with even more military involvement, there has got to be some way to solve this diplomatically with Russia.

@Monetary I don't disagree with your analysis. But the war just started, and we do not know how far it will go. It could end by the end of the week, next month, or years. The dumping caused by covid ended in more or less a month, but other sell-offs in the history do not always ends with a consistent timing, nor will we know when this will end. Just don't get too reckless and all in on something when investing.

War creates uncertainty and panic. Has nothing to do with technology or not, some investors choose to flee to "safety" with lower risk investments or straight up just keeping cash for now.

Guys, Malaysia's tech stock is closely tied to Nasdaq movement. And the Russia-Ukraine tension is causing steep fall in US market. I'm holding some at 6.5 average, but please be cautious on buying the dip too early (invest only with money that you can afford to lock-in for multiple years/afford to lose).

Thanks a lot @Observatory! Every single one of your comments has been helpful the past 2 days and opened my eyes to new stuff. Appreciate it!

Thanks for the reminder and great analysis @Observatory. I was totally in the impression that cukai makmur will be on FY2023 which consists of 9 months in CY2022. No wonder Harta's price got f over during that announcement, should've spent more time researching.

@bang_miskin completely agree with the trading remark on glove counters. I personally choose not to trade. I don't need the money that I can get from selling, so I hold believing better times will come when people get out of this roller coaster sentiment.

To others that could be reading on those "promoters" comments, dont buy/sell stocks without doing your own research.

The price fluctuated between RM5 - RM6 - RM7 several times in just the past 6 months alone, if you are so good at trading, you should've been able to make money by buying low and selling high.

I'm not confident in my ability to trade and predict prices, so I don't trade. I'm confident in the company's prospect 3-5 years down the road, and I don't need to cash out the money I've invested, so I hold.

I will only sell if my emergency funds suddenly became insufficient or if I stop believing in the company.

Invest maturely, everything else are noises.

Just believe in the management, they know what they are doing, short term share prices are just noises for the long term goals. If you only see negativity in the glove sector moving forward, then this counter may not be for you. For me, while pandemic may swing short term share prices for abnormal gains, minus the pandemic doesn't mean the company is shit. They have been growing steadily and the management said they can observe more future growth in glove demand.

Whatever negative things that we can see, the management can see too. So it is whether you believe in their ability to navigate it. From what I observe so far, they are still doing better than their peers, and even outperforming some other industries, so I believe them. :)

I can't afford to buy more without feeling risky, so going to just hold and wait. Dont't sell at low price = don't contribute to falling price. The trading price is just an indication of willing buyer and seller that are trading now.

Today is one of the days where you don't look at bursa if you don't have spare cash to shop. Tech stocks be going on heavy discounts.

@bang_miskin guess I'll see you around here for a long time :)

@Natsuko For once, I actually hope what you say can become true, the earlier the better. Sick of this covid shit and uncertainties in when we'll get lockdowns.

Well people can choose what they believe, but I do not trust China's declared covid numbers, till today.

Patiently waiting for next Harta QR :)

Jovane, I feel sad for you reading your comment history. Hope you learn to be a wiser investor and not to gamble in the share market. Calling 5.99 the bottom 3 months ago and go all in is overconfidence, calling that the share price will drop to rm4 and stay there for more than 3 years is also overly certain on an uncertain future. Good luck.

Hopefully the slow climb comes with better support during correction.

@looiting you didn't buy enough just 2 weeks ago? or you sold too quickly once it hit rm5.5?

lols creating a new account just to share old negative news, how creative of you.

I do own Harta and I do recommend buying Harta at <RM6 regardless of any new variant (not financial advice). Just a bit icky about sharing unconfirmed "news" - this generally leads to people believing things from unofficial sources which are harmful most of the time.

There's nothing official on this "Delmicron" variant right? Let's not spread unnecessary rumors until it is confirmed.

Prudentinv clearly does not have any audit experience nor a full picture on how a financial audit actually works.

When a company is sueing 2 out of 4 of the big 4 firms, and neither of the other 2 wants anything to do with it, it is a clear sign of trouble.

@bang_miskin

Lesson learnt for me to save more money aside in the future. Never know when opportunities like this will come. I thought October was bad and it is a good time to enter, who knew December would be so much worse.

LOL legendary pokemon Natsuko appear again, only appear when there's sign of red. Sole existence is to accumulate bad karma.

Omicron is here, and people are not taking it seriously. All evidence shows transmission speed that's unprecedented, yet people take comfort in the fact that the effect are less severe. Even if it is less severe, just by the sheer amount of people getting infected through lack of proper SOP, the low % of severe-ness * high population of infection will still result in high hospitalisation rate.

Which country wakes up first to take appropriate measures will be the country that suffer the least eventually.

Let's hope Malaysian take of Omicron seriously so that we don't get another eventual lockdown like the rest of the world...

Yeah people are playing down Omicron way too much imo. Even if it is less severe than delta or other variant, why be complacent and get infected for no reason? Just stay safe and follow sop guys...

Got to agree with Goody99, not making any gambles now. Not selling, neither am I buying more at the moment.

Market is so depressed today. Better stop looking.

@Anxious if you believe in your research and also the management, then let's ride this out with them, unless they also show signs that they can't deal with the risks and uncertainty.

For now, I still believe that the company is sufficiently prudent to be able to fight with its competition comfortably. Share price may not reflect company performance, as a company's price can stay overvalued/undervalued for a long long time.

I don't want to regret later for not believing in the management, so I'm holding on for now, regardless of the share price.

@Natsuko LOL, what's your goal here?

I don't have much, but still holding. :) Sometimes, just got to take a deep breath and don't make rash decisions.

Guys, we never know what will happen in the future. While all the risks discussed are real, they are just risks and uncertainty. It depends on how much you believe in the company's ability to navigate through these risks. I have faith in my decision.

Let's see how things go a couple years from now. I can afford this mistake even if I'm wrong. :)

LOL at all these people pursuading people to sell. I did my research and I've invested with money I can afford to lose, I'm holding. :)

That resilience may or may not reflect in short term share price. Hang in there fellow investors.

@Anxious, good to keep updated, but try not to get emotional over it. It can be fun to see people overreacting to every price movement.