I think Natsuko is a troll...best avoid her recommendations altogether.

I think we understand why price dropped in the last two years. Oversupply is the main issue, but we don't know how long the oversupply issue will last. So it's understandable for investors to stay away from gloves. But now things are getting better faster than expected. As long as glove companies continues with smaller losses and/or increasing profit, we should expect price to return to pre-pandemic levels.

@NatsukoMishima If I had followed your advice on Dnex, I would have already went bankrupt.

Wow, I missed a huge glove rally yesterday. Looks like my decision to average down when Harta is around 1.5X really paid off big time! At this point these sour grapes is just a nice icing on the cake, lol!

@YourQuirkyWays29, yeah I think we share very similar investment strategy. Unlike many rich, 'successful' sifus here, I am a poor salaryman. No time to day-trade everyday, otherwise I will lose my job. So instead I average down on this counter because I also believed in the company's fundamentals. Unlike Jepun or other naysayers, I did not have the chance to buy below RM1 (because it never happened, lol). But still very glad to buy at very low prices.

To be honest, there's no rush to buy now. When bad news come (anytime now), price will fall, again, and again. From my many recent experiences, when every naysayers calls you a 'du*b loyalist', or a 'st*pid glovetard', that's the best time to buy. Thanks naysayers.

The last two days gave me the best laughs I've had in a long time. Even better than many TV drama, Malaysia boleh! When price are low, we are the 'glovetards', the 'st*pid loyalist' for buying. When price rebounds, these guys all suddenly change their tune. “Really so easy to invest ah, just buy any red counters lor”, "Wah you guys kena konned by operator and IB," "Hey, st*pid, glove bosses goreng lar, stay away" "Wei, see money take money st*pid, don't be greedy lar". Some of you naysayers are more sour than my decade old expired wine. But, thanks for the laughs. Goodnight.

^12 percent price increase today is not bad lah.

I am anticipating a slow recovery. Might see dividends coming back in mid to late 2024, but who knows. As long as ASP continues to rise, the worst may be behind us.

Long time no see, YourQuirkyWays29. I don't expect to get rich from gloves. But its so much fun to watch these sour grapes squirm and naysayers eat their words.

Most investment banks recommend sell at ridiculously low price. Meanwhile they themselves "slowly" accumulate. Yeah these banks must be very right. Must sell lor...lol.

This company losing soooo much money, prospect so very bad ah, will banklap very soon ah. Then don't buy lor. Jangan beli leh. Bu yao mai la. Nobody forcing you....

Where are the naysayers? Don't worry they will come back when price trends down, hahaha!

Maybank is a good dividend stock. Price doesn't go up by much, but it is stable and offers good dividend payment twice a year.
In times of uncertainty, buy more and hold. Better than return from FD
In good times of goreng2, just hold some. Because in the event your portfolio goreng hangus, you still have some fallback funds.

This kaunter tak perlu pakai otak. Harga murah mesti beli! Keep in drawer, kutip dividend!

Been away for a few weeks, and came back with two surprises. First, I see Natsuko (aka the Japanese oracle/troll) has converted at least two new disciples, and are now singing his 'glorious' tune. Who knew this 'oracle' has such strong power, lol! Second, I am pleasantly surprised with the recent glove price in the past month, performing well beyond my expectation, lol! It's definitely not too late to jump onto the gravy train. Or even better, enter when it is below RM1, just as what "oracle Natsuko" has foretold, lol!

Interesting price movement....

Where are all these short sellers?! Please jangan omong2 kosong lei... please short this stock ASAP, I need to collect at below RM1! Hahaha!

@ChloeCheong Hard to say... market can make it fall below RM1.70 or even RM1.50. The only thing that sustain the price is a better than expected QR. So agree with DestinyL. As long as management remains solid...not worry about price slide...more opportunity to accumulate.

Some naysayers predict that Harta will become penny stock.... itu I tak tau leh. Tapi if it continues to slide, some "poor brother" is going to buy...

Price correction is good. Remembered a month ago when some of these "well-regarded i3 sifus" laughed at us for buying Harta at RM1.4X? I'm sure when price drops more, we will hear from these "i3 sifu's" again, lol!

Hey hey naysayers, when are we getting our penny stock price?

The most recent Topglove QR indicates that future losses are limited, causing prices to fly in recent days. But with sharp increase in prices, one must be cautious of sudden price reversal. Been trading Harta since 2021, so have seen lots of up and downs (mostly downs, lol!). For those looking for a quick buck, trade cautiously....

And to the naysayers and trolls... where's is the penny stock price you've been clamoring about?

When prices are soaring, those "good-hearted" naysayers should be warning investors to not jump into the "glove-trap". Must give credit to Natsuko since Japanese time traveler is most consistent with his prediction. The others will only come after a bloodbath...lol!

I took some profit from the initial rise. Will buy twice the amount if it comes back down to "Japanese penny stock level", wahaha!

So much talk about Harta becoming a penny stock, I ask when lah? Please don't waste my time and talk 3 talk 4! Short this counter right now! I waited for a long time for this so called RM1 potong vege price!

RM1? Why not RM0.10 or RM0.01 as predicted by these "renowed" i3 sifus?

I remembered the day when Topglove decides to buy shares in large quantity (~2 years ago). At that time price was around ~RM6, a significant drop from all time high of RM9. At that time (late 2020), Topglove profit was still surging, and Tan Sri thought that RM6 was undervalued. I wasn't too happy with Tan Sri's decision, especially when compared with the other glove companies. So I sold off all my Topglove shares and keep the cash.

In hindsight it was a really bad move, but in late 2020 with surging profit, I suspect Tan Sri really believed that his company is worth much more. Sometimes people can get overconfident with their company's performance (remember when Tan Sri thinks that Topglove overtake Maybank?). 2020 is a strange year.

________________________________________
To this day, I can't understand why TG kept on doing share buybacks with its cash pile. After all share prices move in a cycle. The opportunity for TG to make such $$$ is already long gone. Lightning never strike twice in the same place.

A natural rebound from past two days drop. Will have to depend on next few QRs to see if prices will recover for good. Still holding onto mine and looking for good opportunity to accumulate more. Wish the Japanese "time traveler" would give a more precise time frame on when Harta will become penny stock!

Gotta agree with YourQuirkyWays29 here. If you buy glove stocks now and scared of price drop, you should not be buying gloves in the first place. Buy high dividend stocks like Maybank and Public Bank. Also consider fixed deposit and unit trust, let people handle your money, then can sleep easy every night.
This common sense advice is gratis. You're welcome.

So many top-notch discussions from naysayers that I am speechless...
When will we get penny stock price?

Pchem is a profitable company, but last quarter profit was way below expectation, that's why price drop by a lot. If you're thinking of buying, better wait for price to stabilised first.

Trend isn't good. I cut loss for now. Come back when it bottoms out.

Agree that one can buy @1.05. If below RM1 just tutup mata n beli. If durian runtuh @0.70, I sailang all in this counter and come back 5 years later.

Well MPI, it's nice knowing you. At least made enough profit to cover today's nasi lemak.

Wow, given current circumstances, Kossan is really managing quite well. Kossan is slowly becoming my favourite glove counter. Below RM1 is a sure buy for me.

Wah really confused. This Natsuko troll this morning convinced people to buy or sell? When do we get the change to buy at below RM1?

Aiya quarterly report haven't come out already churn out TP?
Based on current trend, next QR is most likely red, but I do like a green surprise!

Aiya heading towards 25 liao.
Tech stocks up fast, down also fast

Exactly @stockraider we collect because prices are cheap. Will it be cheaper? Maybe, but I am not fortune teller. When Harta starts to report profit, prices wouldn't be at RM1.5X.

@BursaVulture Nobody knows for sure. Maybe 2024, 2025 or even later. But when investors can accurately predict recovery period, price will shoot up. Just here to bottom fish. It's a gamble, but I reckon my odds here are better than in Genting.

Yeah Q4 should be a loss, likely bigger than Q3 judging by the trend. So the next few reports will be crucial. A fast recovery drive up prices,while a prolonged slow recovery means that price will stagnant and downtrend in the short term. For now we're playing the waiting game, collecting more when price reached new low.

Next few quarterly reports will be crucial. For now just sit back and wait for an uptrend.

Some people here take troll comments too seriously. It's a fun way to kill time, since prices ain't going up anytime soon. I also wish the trolls are correct. Been waiting for a long time to buy Harta at the RM0.9X price range.

Waiting for next QR. If still green, baguslah!

Reached 1.04, accumulate. Below 1 accumulate some more.
QR next month very likely red, yet I still buy. People go Genting and judi. I go Bursa and judi. Who will lose more?

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.

Bought some because it was trending up. Just riding the wave.
Already sold a good portion @RM4.7X months ago. I thought it could maintain above RM5, was too optimistic back then.

@DestinyL From what I understand, January 8 was for those coming into China, you don't have to go through 5+3 days quarantine period when traveling into China (you still need a 48 PCR test coming back).

As for outbound travelers, many people have their passport cancelled during the zero-covid policy. If you want to renewed your passport, you need to have a specific reason (business, school, family reunion, etc). They will not issue passport to those wanting to travel only. Still some people find ways around these requirements (from hearsay), so they managed to get out. Not sure if they officially removed this requirement. From what I hear, the restriction are still in place but they're not as stringent as 6 months ago.

If you think Harta is overpriced, then please short this counter hard. You earn your money and I can buy at RM1.20. Deal?

Was RM25 a few months ago. Please wait for the next cycle :P

Also surprised with current price. Weeks ago think can pecah RM9. Now I know why I'm poor, lol!

Make no mistake, there's a pent-up demand for Chinese to go abroad. Imagine not traveling abroad for three years. During height of zero-covid, even inter-provincial travel is a pain in the a*se. For upper-middle class people, there are many ways to get a student/business/reunion visa, just have to be creative.

@IOI 1882 At the moment let's see if it can exceed RM3. If everything goes well, perhaps RM3.50 by mid 2023

A lot of good news comes from China's reopening next week. But currently China only allows people with student, business and family reunion visa to travel. No news about tourist visa yet. Travel outside is still limited, hopefully more good news to come.

Good to see GENM and GENT counters recovering. Took my profits too soon, lol! Looking out for good entry price.