@Sean you mean dividend bonus issued on Dec 2? Received this afternoon
Harta memang hebat, recovered to green in the closing minutes.

@jolynce yeah lol, Now market is so bad, I'll just lie low and wait for dividend. =)

Usually I don't give much thought on Kossan since all Top4 counters moved in the same direction (down!). But when market price is below JPM target, you know this counter is a real bargain.
Top up first batch @RM1.93, with plans to average down if price continues to fall.

A good counter, so still holding despite being in the red. Plan to buy more when approaching RM5.00.

This counter too cheap to ignore. Consider adding some very soon.

Have to agree with @Calvin882. Associating covid with gloves does more harm to gloves in the short term. It also led to the "glove goreng of 2020" that trapped many eager investors looking for a quick buck. I am convinced that the cash and sustained demand from increased health awareness will keep glove sector chugging in the medium term. Even Chinese manufacturers, who may or may not have a cost advantage over us, is joining in the fun.

Would be nice if can trade today. Recent omicron news hits close to home, will have an impact on the market. May not have the same effect on Monday (old news)

Star111 Lesson of glove shares, you dont earn if you dont sell, you lose more if you sell late
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Thank you for your insightful analysis @star111, if I may add a little to your profound insight, it applies to all counters, not only just gloves.

Glove counter slide, non-glove counters slide. Today everyone playing sliding game? Sedih ler

Hati busuk to pray that for a virus deadlier than delta. I wish life could return to normal as soon as possible. So many unnecessary life lost, including the people I once knew. Let market price be driven by fundamentals, not by pure sentiment. Harta doesn't need news or hype to boost its price, it can take care of itself.

Have to wait for more news on Omicron. We know it spreads faster than Delta. If it is deadlier than Delta, the price may rally upward. If less deadly, price resume downward trend.

Can't blame retailers for taking profit. A week ago, prices was around RM5.00-5.20. So some may think current price is a bit high. Moreover prices continuously increased for the past three days. Natural for correction. I am already used to five day red, one day green.

Harta is still a good company for long term. When red, take opportunity to average down. When poor sentiment goes away, will rebound to its true value (IMO at least RM7)

I won't call China/Macau a fiasco. To me China is reining and upholding "social order" (trend accelerate since last summer). Bad for casino businesses in Macau, good for us IMO.

No worries, from Omicron to Omega variant, Harta is still solid as a rock. Strongly consider average down if it reaches the RM5.00-RM5.50 range.

Bad news in China = Good news for us genting kaki =)

Today's volume is almost half of yesterday's, showing signs of slowdown. The next question is can we maintain above RM6.30? (not much support between 6.30 and RM6.40). Hoping for a better show in the afternoon.

Today market movement should be an interesting preview to the weeks ahead. Are we seeing a sustained rally towards RM7, or are prices stabilising with lower transaction volume? If so, can prices maintain within the RM6.20-RM6.70 range, or declining towards RM6 and below?

Ben Tan Updated with more info:

- Sharp increase in hospitalization rates in Gauteng province of South Africa (stats by province and by hospital)

- Increase in cases in Brentwood and Nottingham, especially among children (Omicron cases there connected to schools)

https://bentanmy.com/omicron-variant/

Very nice. Close green @RM6.49

4pm pancut atas, pancut bawah, pancut belakang pun tak ape ;P (semoga pancut atas ler)

Took profit (more like cut loss, lol!) on half of my portfolio @RM6.30 and left the remaining half to whatever price it will go. Will top up when prices falls and sell some if prices reaches new high. I am okay with earning less. Bang miskin sudah tua, not comfortable main besar like I used to. =)

@Newbit_123 it is a trap if you bought yesterday hoping to sell today or tomorrow. For me I am here since the delta variant (6,7 months ago). i guess I kena the glove 1.0 trap =)

The past yew days, gloves looked like a meme stock.
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The last few days was a reminiscence of the glove mania of 2020 (when the vaccine wasn't even announced). It looks like a meme stock, but most movements are purely driven by sentiments. I dislike the rapid movement, but this is the problem popular stocks in a small market (casino de bursa). If you are here for the long haul, try not to get sway by the large price movement. Those are lovely to day-traders.

I wish someone would've told me to buy at RM5 exit at RM7 and buy back at RM6 yesterday. Easy RM2 profit within one week!

Was hoping for a strong support at RM6.18 and RM6.19 but that evaporated with a large sell-off. Let's see if there is any support in the afternoon (maybe, maybe not).

@EarnAmeal, rilex ler we are all ikan bilises here. We won't bodek you to buy just to throw this counter (unlike one famous guy here). We just like to omong2 and give our own takde-lesen-kaki-lima analisis just for fun (unlike more credible but still painfully inaccurate IB's TP). A few may sell to take profit and reenter later, but most of us are here for the long haul.

A lot of new kaki here want to earn quick from this counter. It's okay to day trade, trade according to your preference, but us long-term holders are here to stay. Even if it goes to RM5, many long-term kaki will still be holding. To me it is a solid company worth at least RM7.

Today market opens up with people taking profit. Don't rush to exit. Remember Harta is still a very profitable company.

Eh less than a 3% fall today, if it's a real panic, it should drop more.

Anyway it's been months since I've bought some Genting. The last time was averaging up @RM4.70. Continue to monitor this kaunter and average down if reaches at around RM4.2X

I am going to play this very conservatively (subject to change). I expect price to make a u-turn once it exceeds RM7.50-RM8.00 price range (it may go higher, but I am being conservative). If it reaches RM8.00, I would have sold half my portfolio (take profit). It if reaches RM9.00~RM9.50, would have sold most if not all. If price goes above RM9.50, that's okay I take some small profit. If price u-turns tomorrow (@RM6.50), no worries I won't lose too much. I plan to reenter when prices fall below RM5.50, and continue averaging down until reaches JPM or Maybank target price =)

Second what @looiting just mentioned.

Remember guys, there is no change in business fundamentals, the recent move is purely based on sentimental. While (to me) prices are recovering, do remember that poor sentiment still remains (we still expect ASP to continue to decline, maybe a bit slower this time). The recent delta scare on April temporarily lift price from RM9 to RM11 within the span of two-three weeks. How long will this last? When will prices make a u-turn (from RM5 to RM???), nobody knows for sure. All I can say is, if you want gamble, be vigilant, don't invest more than what you could lose. If you want to play safe, diversify your portfolio, don't go over your target.

Sold some and buy at closing date at a larger amount. Recharging battery for tomorrow.
Today dinner can tambah extra two telors.

Same here @Calvin882. Never expect my large paper loss (-27%) now become small paper loss (-2%). =P

RM6.88. Apa macam? All other counters limit up? Only Harta left??
Wakakaka!!

Good decision @Calvin882. Stock price went on overdrive now. +RM1.10. Woah!

Have not since such upward momentum since the glove rally (mania) of 2020. Even delta variant of April 2021 cannot compare.

Inkambing RM7. All abroad the gravy train!

@menotassassin I agree the increase in price is purely sentimental and not because of change in business fundamentals. ASP may fall slower than expected, but doesn't change the overall fact that ASP will continue its decline.

On the other hand, I see prices as moving towards their true value. The previous weeks/months of sell-offs have really depressed price to pre-pandemic levels, while most manufacturers believe that demand remain elevated even when all manufacturers increase their capacity.

If you ask for my kaki lima_TM analisis, based on my experience with the Delta variant, I'll say price will reached to around RM7++ (at least RM6.50+ if you want to be safe) before sliding back down. Again just my gut feeling... I may be hungry... so take my analisis with lots of salt.

I am not doing much, just sit and watch, hoping that it will reached RM7 by this week and reverse most of my paper losses. RM7.50 would be nice though.

Six months ago in April 2021 concerns for the Delta variant causes glove price to rebound. At that time Harta was at around RM9, almost twice the price of pre-pandemic level. In three weeks, price shot up to ~RM11 before resuming the downwards trend. Now at RM5, we are dealing with another variant of concern. Despite one day increase, price is currently at an absurd level of RM5.65. How much will price shoot up? Stay tune for next two weeks of comment drama. I've reached my quota. Just waiting for my harvest =)

For those who bought low, sit down and enjoy the ride. For those thinking of buying, what are you waiting for? For the cows to come home or the next Omega variant? =)

What a day! One day gain that reverses five/six days of losses. Even though we are approaching weekend, news during those two days will be crucial. If the covid news keep coming, glove may continue to spike up. If it continue to grow like this for another few days, I could even break even and make some paper gain =)

Harta is not the cheapest counter. Of the top4 probably Kossan gives you biggest bang for the buck.

On the one hand during the 2020 rally. Supermax and topglove price increased by the most. Supermax because of their OBM pricing and Topglove because of volume.

On the other hand during the downtrend, Harta and Kossan maintained its value much better due to ESG and management quality.

I don't know enough to comment about tier2 counters. Their prices probably increased a faster during 2020 rally. I stick to the more conservative (bigger) counters

@vcpmaster123 agree with you on the price. No matter how we look at it, Harta (and other glove counters) is still very cheap. Below RM6 is still a bargain.

@Thirai Thiraviam Despite the vaccine, cases are increasing for the past week or so. News about the new variant may have trigger the mass buying.

With fewer lockdown restrictions, even with the vaccine, we may be looking at a new wave of infection, which means sustained demand for gloves. Whether ASP may reverse (go back up) remains uncertain. Orders are up for sure. All I know is that most manufacturers are ramping up production and increasing their capacity.

In light of climbing cases, I think at the very least ASP decline will be slower than expected. Remember many glove companies are ramping up production, so may not see a crazy rally like 2020. It would be nice surpise if next QR is higher than current QR, but I won't bank on it.

Just playing devil's advocate. I rather be safe than sorry.

Anyway enough of bang_miskin's pessimism! Mali mali hali ini capai RM6!

I usually take the more conservative approach. Need to wait for a few days of green to confirm if glove counters are rebounding.
This reminded me of the rally @ April 2021 due to the delta scare. Is today's rebound sustainable? (I hope so) It is earlier than my prediction. Only time will tell....

To me the market overreacted just like the selldown to RM4.95 a few days ago.
Still at RM5.65 it is RM6.00 with dividend. Still a reasonable price a month ago =)

Easiest strategy: if you feel that the company is undervalued: buy. overvalued: sell. My TP for Harta is at least RM7, so whenever got some extra cash, I buy.

Wow went out for lunch and then now RM5.50! Haha should have added another telur!

@Calvin882 Don't know for sure. On April 2021, my cue to buy is when price went up from RM9 to RM10 within two days. I even top up a little when it reaches RM11+, but then 2 weeks later, went back to RM9 =(

Hard to say if glove sentiment improves, if you want to average up, can do so a little. I expect profits to fall for another 2 quarters, so price may continue to trend downwards. With 40% in Harta, I wish I am wrong. Just my 2 cents

Even though this stocks is downtrending, in our hearts most of us know that many glove counters are oversold. At this price, does not make sense to sell. Just buy and hold.

@Anxious Don't know much about Tenaga, sorry.

It's useful to read a couple of IB reports to get a feel of things (but don't take their TP as gospel, most of us learned that lesson =) )

On an unrelated matter, it is usually safer to keep a diversified portfolio instead of putting most or all of your money into a single counter or industry.