Small ikan bilis retailer, please trade carefully. With a few million ringgits, it is easy to sway market sentiment. Don't chase if price is too high, plenty of opportunities to accumulate when big investors dump this stock.

Harta and other glove counters still very much undervalued (my fair price at least RM7). Even though most of Harta's businesses are in the US and UK, it takes Malaysian covid case to drive price. Ini apa logik? Bursa punya logik!
Patiently waiting for next QR, will be sweet!

@Mini2021. RM300million when ASP stabilises would be great. Very hard to imagine profit falling below pre-pandemic level. Even so a steep decrease from one quarter to the next will scare off investors and trigger a selloff (for example topglov most recent QR was a bit of a shock). So hopefully the coming QR would not be that bad.

I expected some kind of normalcy returning to Bursa this year. Most of my other counters are slowly recovering from last month's drop. Good time to buy and hold.

Even if ASP do stabilise by end of first quarter (March 2022) we need at least two quarters report to confirm this result (Feb and May). If Feb result drop more than expected (thanks cukai makmur!) expect prices to fall till May (to confirm that ASP has stabilised).

My highly unreliable Kaki-Lima-Tilik (TM) suggest that even with cukai makmur profit should be around RM400-500m. If we see something similar to Topglov performance, then it is no good. Let's see.

Of course QR is expected to be worse than previous, main question here is how much worse? Reasonable performance at ~400-500 mil PAT, or really bad, similar to Topglov <200mil PAT... aiyo macam ni even Jade Emperor (tian gong) also cannot help.

Much ago about nothing. Echoing @Michael Kwok's second point. If the three banks involved were in financial trouble based on this unsecured loan, you really have to question their risk management practices. Moreover when those loans are made, nobody can foresee covid's impact on the global tourism industry. It is almost like blaming investors for holding Genting and Airasia's shares before the pandemic.

When you have politicians/oppositions like this, you can start to understand how the incumbent government can maintain power for so long...because oppositions are not necessarily better (maybe worse)!

We ikan bilises don't have inside information so we make decision based on credible infomation (QR report, recent events). On the other hand I would not read too much on price movement. Harta share price fluctuates a lot. Remember it was ~RM5.27 a week ago, and RM6 around three weeks prior? If you can't afford to lose or handle the price volatility, there are much safer counters out there.

QR should be around Feb15 based on 2020's announcement. (2021 was earlier than usual).
Still holding a good amount. No reason to sell without additional verifiable info. Plan to add more if it drops below RM5.

Generally bonus issue and stock split doesn't really affect the fundamentals. But with Bursa being a small market with many ikan bilis investors, lower price means people buy and sell more in the stock market. Yes it makes it easier to goreng (since more people participate mah). Let say in my case, if I want to buy 1 lot of MPI, which is almost RM4K at current price. With my meagre monthly savings of less than RM1K, I either have to wait, or sell off some other counters, but I could also accumulate 2-3 lots of Taann per month.

I know high rollers makes the splash, but don't forget about the many ikan bilises behind the scene. I know some people who wouldn't touch certain counters because "terlalu mahal".

I think prices will start to climb up pretty soon (within 6 months to a year) once future quarterly reports confirms that ASP has stabilised. I sometimes wished that prices would be at RM5 so I can accumulate, but the trend indicates a choppy ride towards RM6. To me poor the market overreacts to the glove bubble burst of 2020 and glove gives you the biggest bang for the buck in today's Bursa. This kaki lima anonymous ikan bilis strongly recommends buying up some glove counters (Harta/Kossan) for long-term investment.

If Harta really RM2-3 now, can put 100% into Harta, shut off computer for several years then cash out later. Like wishing Maybank RM4-5, have to go back to the past to get those prices.

@Mini2021 what kind of answer you looking for? Assume RM3.5 billion (RM3,500 mil) put into fixed deposit earning 5% per year. You will get RM3,500mil x 0.05 / 365 = RM0.479mil per day.

Rough calculation lah depending on how much interest one can earn. Why ask?

@Anxious Yeah it was quite frustrating for me too. I entered too early (@RM10) during the delta surge. To make it worse, I was selling off my tech stocks during the process because I was concerned that it was overvalued. Talk about excellent timing! /s

I have bought and sold this counter several times, so I did not keep track of my average price. Closer to Rm 8 I think.

At 45% I won't buy more. I am currently at 35% with no plans of buying and selling. May consider shifting some if price went below RM5, but since I got burnt several times, better safe than sorry.

Dividend may be smaller because of cukai makmur, but it has been factored in during the announcement. Remember months ago when price of many profitable companies drop after cukai makmur is announced? Thankfully we have such "pandai punya gomen", lol!

Kossan relatively steady in light of recent sell-off. 12 sen dividend is great, plow back in and buy back more Kossan

QR should be around Feb 15th according to previous year's pattern. Dividend is 60% of previous quarter's EPS so around RM0.15. Of course won't be RM0.35. Earning already peaked.

Which is why investing in Bursa can be frustrating. Foreign funds flowing out due to political uncertainty and government incompetence. Investor chasing over hot industry and IPOs instead of established companies. Not much we can do.

Wall street and Nasdaq may continue to correct for the next few days, negatively impact Bursa. Falling prices makes for good opportunity to buy strong blue chips at a discount, with Maybank being one of them.

The exposure to Genting will undoubtedly have material effect on Maybank earning, but unlikely to cause price to drop to RM7.50 (although may fall below RM8), so keep bullets for such events.

Weak support at 5.25. If that breaks. may continue to fall from there.
I guess I am partly right that glove is still heavily influenced by sentiments. Disappointing. Just wait for opportunity to buy at below RM 5.

After CNY, waiting for Harta and Kossan QR for some definitive news.

Maybank no worries ler. Price drop good opportunity to buy some.

Today trading volume very low. No buyers to support sell-off so price falls. If there is a bad news trading volume would be much higher. I wouldn't read too much into it.

The past two weeks has been bad for bursa. US market down Bursa down, US market up Bursa oso down, lol!

Choppy trading today. Something to do with Genting HK not able to pay back M'sian banks?

Put them back into the freezer. Good for buying cheap2.

Anyway big thanks to @Philip for your advice. I was a bit clueless on the other industries. Happy New Year of the Tiger!

Don't look down on Rolexes. When Chinese citizens are buying Rolexes instead of apartments, you can anticipate prices to appreciate in near future. Some of these Rolexes cost more than my house =).

If it reaches around RM20, bang_miskin will funnel some moni into MPI.

@patrico8 source? I predicted 0.16 (60% of previous quarter's EPS), so not too far off.

If inflation is high in Malaysia cash is definitely not king because prices are rising fast while your cash value stays the same. But cash is good for buying up undervalued counters.

Not bad lah, both Harta and Kossan finishes green. Decent performance this week.

@CUTLOST Sir sini kaunter kossan, bukan kaunter dnex.

Kossan steady no worries. If dividend remains at 12 sen just like the last three quarters, it is a steal.

The rest of the top4 are trading red today. Be careful.

Afternoon sell-off... interesting. Any news?
Are we expecting a QR announcement next week? Much sooner than I thought (I was anticipating ~Feb 15)

Investor got spooked when China decides to drastically expand capacity. Yes it will reduce our market share, but Chinese producers does not have the technological advantage nor the cost advantage over us (they may have implicit subsidy from the government, but that's another story). Yes in the near future some of these Chinese companies may produce far more than Harta, but doesn't mean they are more profitable.

Harta shares trade at low volume and prices are very easy to manipulate. But as long as you are patient and buy it low. No need regret, as long as fundamental remains intact.

Yes the prosperity tax and the possibility of oversupply is already factored into the price. Which explains why prices remained at pre-pandemic level even with elevated profit, surging cases and higher (long-term) demand. Even with greater supply from competitors, it's hard to imagine we will be back to 2019 profits. So at 2019 prices, it's a no-brainer to buy. Long term pasti untung!

RM500-600million is good IMO. Recall PAT for topglove is slightly below 200mil?

From topglove QR, we anticipated that PAT to be much lower than previous PAT. How much lower we dunno. Anyone care to guess?

Eh Harta's QR announcement is next week? Was expecting next month (~Feb 15).
High cash flow, good profit, low debt, sound management, all the fundamentals are there.
If Harta remains below RM8 by the end of this year, I will...
I will....

...
...
...

continue to accumulate more! =)

No reason to sell, still optimistic with glove. Patiently waiting for QR next month.

@Anxious
I was feeling more hopeful in the morning, expecting a rebound into green. Wasn't the case in the afternoon. A week ago, I was hoping it would stay above RM6. All my other counters are doing well too, this week doesn't seem good.

The thing about stock market it is hard to predict. I stopped caring about trends and look at value counters, companies with good cash flow, low debt, decent reputation, but is overvalued. Harta fits into this perfectly. When I was younger, I would easily sink 70-80% into such counters. Now older and with bills to pay, I am a lot more conservative with my investment. 30% max no matter how good it is.

Hopefully things will trend green. At 30% portfolio, I don't mind even if it goes to RM3. Just stay on course and collect those dividends.

Today we see technical rebound for tech counters and further corrections for gloves and other industries.

IMO good time to buy. After Thaipusam rebound!

Hello, glover here. I don't know much about the tech sector, so I won't comment much. But whatever you do, please do not panic. Before making any decision, ask yourselves whether if you're (1) a short-term trader or (2) a long-term investor. Ideally you should have a goal/strategy before putting money in any counters.

(1) If you're a short term investor, you have to figure out the market trend in the coming weeks or months. Do investor expect the downtrend to continue, or a technical rebound next week following yesterday's sell-off? If a downtrend is expected to continue, try to make an exit when prices rebound. If you believe the sector will recover soon, then look for opportunities to buy when prices are low (and take profit when it rebounds)

(2) If you're a long-term investor, figure out whether there is a future in the tech industry. If you believe this sector fundamental is intact, don't be too concerned with occasional downturns, look at them as an opportunity to accumulate. If you think this sector has a pretty dim outlook, you should've had an exit plan (take profit or cut loss). Prices have increased several folds in 2021, will it continue to increase in 2022? I don't know.

It is also very important to diversify your portfolio. Even if you strongly believe in the semiconductor and the EV sector, it is not advisable to put everything into the tech sector. Diversify into other sectors: banking, plantation, retails...etc. Look out for companies with high cash flows and a reasonable debt. While I am strongly biased toward glove counters, I try to maintain a maximum of 30% in the glove sector. Occasionally I've exceed my quota (at one point ~60%), but I look for opportunities to sell off and reached my 30% target. My portfolio took a beating in 2021, but I did not lose too much sleep over it because I did not go all in into gloves.

How much you want to diversify is up to you. You are free to put it all into the tech sector if you have a high risk tolerance.

To me MPI is a solid counter, but yesterday's movement could easily cause people to panic. First know your goals (short-term trader or a long-term investor). Second make your buy/sell decisions based on your investment goals. Diversify your portfolio based on your risk appetite and most important of all: Don't Panic!

@casanwk
I am not very good at reading the chart, but depending on bursa next week, most likely a rebound towards RM6 (may or may not stay @RM6). If it trends down, that's no good.

Yeah I will be keeping an eye on tech stocks. While MPI is a solid counter, I worry that tech will fall in 2022 just like gloves in 2021. This is casino de bursa after all. For now I dare not commit, just stand by and watch the show.

Yup tech stocks are getting cheaper, but still quite expensive for me. Last year I bought MPI @RM30, sold off @ RM40. Might consider MPI again when it is cheaper.

today bursa red, trade carefully

Yeah @YourQuirkyWays29 I'll probably be here for awhile, although I won't be here all the time.

Agree with @Kim, glove offer a really good return at current prices. If I am younger, probably allocate 60% into gloves. Now I am older and more risk averse, 30% is good enough.

On an unrelated matter, my banking stocks are up =) It's good to diversify into other sectors.

For personal reasons I won't comment on China's policies towards covid19. But when China finally opens up, we know we're at the endemic stage where we have to live with the virus one way or another. We wish the virus would go away, but it is similar to wishing that Harta will reached RM88.88 by the end of 2022. Possible, but very unlikely.

Personally I am more optimistic towards the glove industry in 2022. Even with declining profits and facing stiffer competition from abroad, most glove counters are undervalued. I predict modest gain for Harta and Kossan (don't know much about Topglove and Supermax, so can't say). Even if I was wrong and prices stay flat in 2022, one can still benefit from the above market dividend rate.\

So when prices drop, don't panic, slowly accumulate. Only sell in an emergency or when prices reached local high. For me I will keep it till the end of 2022, probably 2023.

@carimakan price correction, don't expect day day up. That's why don't chase high

I think the trend has changed. Remember back when it was 5/6days red one day green? Now it is more like 2/3 days green, one day red. 2022 may be a year for gloves since the virus refused to go away, though I don't see a repeat of 2020 glove mania. Expect modest gain in value.