Eh depending on the trend, I see this as an opportunity to top up.

I found that Harta and Kossan are like brothers: very similar price movement, very similar QR trend. So do not underestimate this counter! If you think Harta is "too expensive" (it's not), you should consider Kossan.

Yes @Anxious, better than the RM5- RM7- RM5 roller-coaster ride 2 months ago.

We may occasionally experience sharp correction (sharp drop) but if the current Omicron trend continues, we may even see prices reaching RM7 or RM8 in the coming months (Just based on a gut feeling, everyone has one =) ). However since next QR profit may be lower than the last, expect sentiments to remain poor.

I invest in both Genting and Harta, both are undervalued for different reasons. Even with the rise of Omicron, with a large majority of the population fully vaccinated, it is unlikely we will see protracted lockdown in the near future. Gaming counters will slowly recover back to pre-pandemic level. At this price Genting is still relatively cheap, and price are close to the bottom. The days of kutiping at below RM3 are long gone, so if prices drop, no need to panic. Just buy at the right opportunity.

While China represents a large portion of M'sia foreign customer, there is no news yet on opening up anytime soon. We don't know when they will do so, just have to wait for further announcements. My guess is second half of 2022 at the very earliest, but very likely in 2023 or even 2024 at current trend. So don't rely on them too much at the moment.

slow and steady...
personally i believe Harta is worth more than RM6, but those who bought at RM5 would gain 20% within span of 2 months. Do not rush in too quickly, because sentiment is still poor. If bigshot unload all at once, may trigger panic. Keep in mind that bursa is still small market, relatively easy to be manipulated, but if you do your homework and buy strong counters at a discount, your effort will be rewarded.

Oh yesss...uptrend.
It will be awhile before we will visit RM5 again.
No plans to buy. While my average price is ~RM7, not worried about paper losses.
Not sure if recent surges in covid cases will greatly increase demand. Just have to wait for next QR. I expect next QR to be lower than the last, but not to worry.

Pleasantly surprised with today's performance, was preparing for the worst =)
However from my experience, it is unwise to chase glove counters, still pretty volatile. Some days increase a lot, other days drop like stone. Good if you can buy it low and hold it for long term, but remember to diversify into other industries.

Please stay safe and get vaccinated/boosted. Omicron is no joke!

@casanwk in a normal year, Harta would have offered bonus issue in 2021. but since price is sliding in 2021, I think it is a good call not to do that last year. Currently no plans for bonus issue as far as I know.
If Harta is undervalued, I would like the Kuans to buy back shares instead. Let see if prices will continue to slide this Jan.

Don't worry @Anxious we are no stranger to sharp correction. My gut feeling tells me that 2022 will be a much better year for Harta than 2021. However with declining ASP and profit, price may continue to slide for awhile. For the meantime I am still holding, looking for opportunity to top up if it approaches RM5.

Happy New Year! Looking forward to upcoming quarterly report.

Most counter on the uptrend, not only Hiapteck
But following this musang-king advice guarantees a one way trip to Holland.
New investors be advised.

Usually we wait for important news about the pandemic, changing ASP, or events in China (biggest competitor for gloves). Since there is no big news, this counter won't move much. The next big movement would the upcoming QR report from Kossan and Harta. So for the time being, just sit back and enjoy.

Good, good. Slow and steady. A bonus if can reached RM6 by this weekend. Those who bought at RM5 already untung 12% in two weeks!

Not bad, slow and steady. Can keep above RM5.50 is a win for me. This week cannot reach RM6 pun takpe. Next QR from Kossan and Harta should give us a clearer picture on ASP decline (hopefully one that is much better than Topglov's disappointing QR)

@casanwk

https://www.businesstoday.in/coronavirus/story/is-delmicron-a-new-covid-19-variant-heres-what-you-need-to-know-316696-2021-12-24

In short there is no such thing as a "delmicron", most likely a confusion based on a broken "telephone game".

@Natsuko Two weeks ago I suggest you buy some you don't want. Now price climb up you wish to see bloodbath. If you want to troll this counter, do it with some style and class, ada budaya. Don't be so crass and black-heart oh.

Correction is normal and to be expected. Price was steadily rising from RM5 from early December.Two days ago Harta was trading in the RM5.3X-RM4.4X range. So may end up falling into this range.

Corrections can be good since one can buy them at a cheaper price. Nobody knows when price will trend up again, so buy at your own risk.

Glad I was wrong. I was predicting the worst case scenario of RM5 in the short term. Right now may be trending upwards from RM5.50 to (hopefully) RM6.00!

Steady lah Harta!

I am not sure if we can blame on poor glove sentiment. To me the overall market sentiment is bad. Aside from Harta, none of my other counters seem to be doing well, banking, plantation, tech, tourism. They all seemed to be down and out. No energy.

I still have a significant portion in Harta (and some Kossan). They're kept in the freezer. Will add more if it dips below RM5. Good opportunity to accumulate since it rarely stays below RM5.

Slow and steady better. Next stop RM6 (bare minimum), then RM7 (my "kaki lima" fair price).

@looiting Yes very much agree, where is @NatsukoMishima when you need him??

At current price it is a very, very good buy. (Like all comments on this forum, buy and sell at your own risk).

Prefer slow and steady come back. Ongoing surge may have fueled future demand for gloves.

@vcpmaster123 It is okay to take small profit and reenter at a lower price if you believe that you can buy it back at a cheaper price. I have done it on several occassions with this counter (although I sell a small portion instead of selling everything). Eg. Today buy @ RM5.00, few days later sell @ RM5.20 and hopefully buy at price below RM5.20.

Is there a risk? Yes, it's possible that price continues to trend up, leaving you to buy it back at a higher price.
16/12/2021 12:24 PM

Kossan way oversold. Should be at RM2, or at the very least RM1.80. Even pessimistic JPM gives a TP higher than current price.

bang miskin was right!
@jolynce Lucky guess, haha!

But without additional news I expect price to remain around RM5. However if next Harta QR doesn't disappoint, might bump up to the RM5.20-RM5.50 range. Just a wild guess!

@dimmubroker Hard to say. I am betting on a technical rebound tomorrow. If I am wrong, I will be happy to buy some at RM4.XX

@Natsuko Tiap2 hari you pokpek pokpek di kaunter Harta tak letih ke? Not tired? If I were you just buy a few lots of Harta at RM4.XX. No need to buy a lot. Keep for at least 2-3 years no eye see. Bila you untung besar no need arigato gozaimasu saya lah. Just remember to pay forward and help those in need.

If you really end up rugi all, keep in mind you still helping the poor Kuan brothers to finance their "pitiful" company. Also good for karma =)

@Anxious Despite all the naysayers persuading us to sell, there are lots of new retailers who are accumulating at RM5, too cheap to ignore. These retailers are not going to persuade people to buy, just keep and hold like most normal folks. Moreover, Harta is currently trending at top 10 hot stocks, so someone is noticing =)

There is interest in Harta (and especially Kossan given its ridiculously low price). If Harta ends up to low RM4, I bet the Kuans will be stepping in to buyback their shares. Too cheap to ignore.

Let the naysayers neigh and bray, the lower the price, the more attractive the purchase.

Yes there are people like me who already "kena burn". No worries, it's only a flesh wound, will heal in time. Preparing to purchase if it dips into the RM4.XX territory.

Harta and Kossan are good counters to buy. I understand Topglove dissapointing quarterly report scares off many investors, but I predict Kossan's QR to be better. Even if Kossan QR is similar to Topglove, current price is still cheap. Ready to accumulate when next month check comes in.

Eh share price below RM5 not impossible. To me more reason to buy.
To me Kossan even cheaper (below JPM target price) also more reason to buy.

Keep up the poor sentiments. If below RM4 or even RM3, I strongly consider going 100% all into gloves. Doesn't matter if I am oredi B40, my meager salary can tie me over.

@Natsuko when can we reached RM2.XX? Back to 2017 or after share split?

It is sensible to average down if
1) You're a long-term trader looking for undervalued companies.
2) Prices are below its "fair" value (what is fair value vary across investors. Our kawan baik Natsuko believes it is RM3 =) )
3) You can afford to "lose" in case prices plunge close to zero. (It is important to set a target and don't over-commit)
4) You have the patience to wait for prices to recover to its fair value. (For this counter, make take several quarters)
5) The company's fundamental is good (don't pick company with poor fundamentals, i.e. questionable accounting, low cash flow, enormous debt, road to bankrap etc. Those are low price for good reasons. You invest into these questionable companies, you may not see your money back, ever.)

It is NOT sensible to average down if
1) You're a short term investor wanting to make a quick buck (your money will be tied down, so doesn't make sense to average down)
2) You want to trade (down-trending stock. Four days red, one day green, hard to time rebound)
3) You can't afford to "lose" (then stick to FD, or very safe low-risk counters like Maybank, very stable and pays good dividend).
4) You make impulsive decisions when price plunges and panic sell (Why enter into down-trending counters in the first place? Might as well stick to up-trending counters like tech stocks)
5) There are significant changes in the company's fundamentals and the counter no longer offer good long-term benefit. Then it make perfect sense to cut loss. I don't believe Harta's fundamental has changed dramatically in light of Topglove recent QR, so I am still holding. =)

Of the top4, Kossan is the biggest underdog. Topglove disappointing QR has drive down prices of most glove counters, creating an opportunity to accumulate at low price. I don't think topglove performance is a good indicator of things to come, and I doubt Kossan can drop more than RM1.50 (but I will be very happy to accumulate at this price). I expect a technical rebound next week. If I am wrong and it continues to fall, good for me. I have my share of Harta and looking to add more Kossan into my portfolio.

Ah when price are plunging all the naysayers are out. I am still holding and thinking of buying when prices dip. Whatever you do, do not act under emotion/panic. Plan ahead and buy/sell when you reached a certain target. If you react according to market sentiment or emotion, you will regret. Also doesn't hurt to diversify a little into other counter/industries.

Market overreaction sometimes works in favour of long term investors. When they panic sell, its time to accumulate. When they chase high price, its time to sell (and buy back later at a cheaper price).

@InsiderShark totally agree with you there, was responding to @CharlesT comment. Can't simply just simply raise prices. Have to treat your clients well, they will become loyal clients.

CharlesT Harta is the dumbest or most kind glove co...they adjusted their selling price 3m to 6m slower than others
__________________________________________________________________________
Long term contract with clients...can't just simply adjust price based on market conditions.

Harta shares is usually more expensive than its peers. Investors pays extra for better ESG and better management. Current sentiment doesn't help Harta, so it reaches pre-covid price much better than others. I am betting on Harta's (and Kossan's) management in getting over these rough times. Let see what the future holds.

Don't know where's the bottom (could even go below JPM target price). Too bad I am no insider (and thus no idea how this company is being managed) but I suspect those with inside info will happily lapped it up when prices becomes too cheap.

This goes to show that big companies are not necessarily better, but still I am very surprised with their QR report.

Expect market to overreact for the next few days. If Harta drop drastically, (i.e.RM4.50 or below) it may be a good time to grab it for cheap. That's my plan, though I only had a few K to play...

Topglove net profit only 185.7million...
Although Harta's QR is more similar to Kossan's than topglove, this is not a good news for glove counters.

Donwards momentum still strong. May not be the best idea to average down now. I will wait for a bit before entering. I suspect may reached the range of RM5.00-5.2X before showing signs of rebound.

Average down is reasonable for a kaunter like Harta, good fundamentals and cashflow and decent mid-term prospect. I can average down this counter and sleep soundly at night. If you average down Harta from RM18 in 2020, then you have the right to worry since pre-pandemic price is around RM5.50 or so. If average down below RM5 or RM4 why worry? Lol

@everest29029 There may be a few who want the pandemic to prolong just to earn a small profit, but most of us have the opposite mindset. While Covid19 was responsible for the "glove goreng of 2020", 2021 is a terrible year for glove. Prices of many glove counters are far below its fair value, and would be at least 50% higher if it is not weighted by poor sentiments. Most long-term investors want the pandemic to be over as soon as possible, so that prices will reflect the company's fundamentals.

Adding to @YourQuirkyWays29 statement, long term price heavily depends on a company's fundamentals, which Harta has, and less on daily price fluctuation and market sentiments.

We know you (@Natsuko) like to make fun of us glove investors, but we are well aware of what we are buying into. If price continues to fall, good, give us more opportunity to accumulate. To us, if nothing else changes, RM3 is a blessing to us, not a curse. Most of us long-term holders would put everything into it instead of running away.

@Natsuko Such bold predictions, u diam-diam tunggu until RM3 while we syok2 enjoy quarterly dividends. See you can buy them at RM3 before cows come home, or invent time machine, go back to the past and buy them.

@stingray_ea how to trap more buyers. Is it heading down to RM1.50? RM1.00? RM0.50? Gratis? Price sudah manyak low lah, how much more can it fall?

Well this growth spurt is shorter than expected. At the very least those who bought at highest won't lose too much. Harta is still "cheap" at RM7 when you factoring in the dividend returns (remember dividend is around 60% of previous quarter's EPS, so you can forecast future dividend payout using this method)

Most of my blue chips bleeding like red chips. Not a good week to start the market. Deathly December inkambing?? I'll consider it a win if Harta falls slower than the rest of those "recovery stocks".

Afternoon rally because received anak, tak tau beli apa, terus beli mother?