@Anxious, if you want to top in at a lower price, just key in a certain amount of order at your desired price (say RM4.80). No need to look at it daily if you do not plan on trading.

Now I am more worried about my other recovery stocks, especially Genting. With all the glowing IB report, I expect it to go up, but it has been trending down for the past week. Have been keeping tabs on that counter for the past several days (initially plan to sell off some Gent to grab Harta for cheap, now just waiting for the right prices.)

If today closes red, then probably will close red on Friday. Just based on gut feeling.

@Anxious My gut feeling tells me that the sell-off since the last ex-date has subside. But is it over (will we revisit RM5 this week)? Hard to say. Right now there is a sell-off in all top4. Why? I don't really know, probably has to do with poor market sentiment.

Afternoon rebound. If it closes green for the next two day, we will need to wait for awhile before touching RM5 again.

@Calvin882 I remembered that in April, prices started to rebound from RM9 to RM11. I was under the impression that prices are going up due to delta strain. Prices has been steadily falling for half a year from RM20 to RM9, so I thought "ini kalilah" =P
At RM9 I thought it was a good buy, at RM5, definitely a good buy too (too bad not as much spare cash).

@Calvin882, when I bought in April, I thought was averaging up Harta (delta strain + lofty target prices). That only lasted for a month, and that's how I ended up here =P

@Anxious I wished I had a crystal ball too. If I buy today I could've bought the same amount of shares and a new proton saga =)

Afternoon rally inkambing

Today many counters not doing too well, even recovery stocks like Genting also on a losing streak. Market really no good. So while one can blame the poor glove sentiment, to me the overall sentiment is poor.

Actually more surprised with topglove performance. it's bad even compared to Harta. Apa macam?

Don't be too greedy. RM4 may or may not arrive. Who knows, maybe rebound before reached RM4. If you think the stock is undervalued just buy and accumulate.

P.S. JPM also holds Harta. Cakap senang, see their actions.

Reaching RM4 is like a dream to me. When the day comes, I would have had 80-90% into this stock.

if I have to accumulate Harta now, need to sell some recovery stocks. The problem is my other recovery stocks are doing poorly (Genting also racing to the bottom like Harta, apa macam?!). Have to wait for bigger bargains to accumulate =P

@krish52 I too am very bad at timing the market. But if the market is expected to go red in the coming days, can wait for lower price. If you want to play it safe, fearing that price rebounds any time soon, you can accumulate small amounts in fixed intervals (1lot at $4.98 1lot at$4.92 1lot at $4.86....etc)

Have to agree with @Mini2021 If you already average down up to now (RM4.99), no point cutting loss now. Could have cut loss 6 months ago when prices is at ~RM10. Now should be the time to accumulate.

The only time you should cut loss is 1) the company is heading to bankruptcy 2) management made incredible stu*id decisions causing company to make big losses or forgo big profit 3) Unanticipated ban from North America and Europe, causing Harta's major revenue source to hangus. I don't anticipate any of these to happen soon. So I happily accumulate.

Given current trajectory, the decision should be: play safe and accumulate now, or be greedy and accumulate at ~RM4.80?

I like to see how they come up with RM4.00, a price is below pre-pandemic level. Are they suggesting that competition and the oversupply of gloves is going to drive glove-makers to make losses? I don't agree with such assessment, and I am holding a large stake of this company. Let see who is right in the coming few quarters.

Whether you are buying for the low price or to average down remember not to put more than the amount you can't afford to lose. I know the price may rebound some-day but when buying a down-trending stocks, expect to "lose" within the short period. Don't be too greedy and go all-in. Set a target amount and average down in fixed increment when price reached new low.

In my case, I too am tempted to go all-in an average price to around RM6.20, but I am not prepared to hold only Harta stocks. Too risky. What if price continues to fall (say below RM4?) Then it will be too expensive to cut loss.

YourQuirkyWays29 @bang_miskin the volume on Rakuten Trade is very low, not sure how strong is this support/rebound.
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Agree not a strong rebound. A small group of investor usually initiates buy ~10am and then it fizzles.

Today transaction volume is also not big. May see a rebound...who knows.

10am buying rally oredi begin

Price trending up from morning drop.

At current level, I will be very surprise if the RSS players will not closed off and cashed in on their Open position gains.
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That's what I don't get it too. At such low prices it makes little sense to continue RSS. Perhaps a lot of people put great weights into JPM and MBB analysis. More than I've expected.

Another morning drop. Getting really close to next entry price.

TillyLovers Dear all, is that possible the Harta to reach RM 5.30 within this year? Thanks.

You mean finishing above RM5.30 by the end of this year? Really don't know. Two things to keep in mind. On one hand, the downtrend is expected to continue until the end of the year, so expect price to be lower by the end of this December (don't forget the possible CBP ban, but I think it is very unlikely). But on the other hand, covid19 is surging as we enter the endemic phase, so even with the vaccine, this disease continues to spread. So there's a good chance of a rebound (though very very unlikely we will see similar enthusiasm like the one in 2020).

Oh I forgot the third but potentially important factor, our gomen handling of the economy. I am very skeptical with the way our gomen handle things. There's a small but non-zero chance they will fucced the economy with one that is worse that the chukai makmur fiasco (I get angry talking about those kronies, let's not)

Enternow Why harta distribute diveden but drop like hell?
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Something special about many investors here. If you learn finance, dividend shouldn't matter much, but many people here buy shares just for the dividend. Once kutip dividend then jual. So that's why drop like heck. So value investors anticipate this behavior and buy days after ex-dividend. Wait for price to go low2, then kutip shares for cheap.

@jolynce yes you are right. Of the top4 Harta and Kossan are doing relatively okay. Supermax was doing relatively poorly for obvious reasons (still at price far below its true value). The biggest surprise was topglov, doing as poorly as supermax even after the ban was lifted. Apa macam with TG??

Jangan gaduh loh. Our stock market not doing too well. Gloves and recovery counters performing poorly. So normal for tempers to flare. I also loss quite a bit from holding blue chip recovery stocks. If you have stake in Gent or MBB, just continue to hold lah. Soon things will become better. Glove have a longer road ahead, at least two-three quarters before seeing signs of rebound. Those who can still make money from downtrending stocks, I tabik u, you are gods among men.

Looks like RM5 came sooner than I thought. Initially I thought Harta is doing okay compared to the other top4. Now Harta is joining the rest of the top4.

@Mini2021 No worries. Even cheaper even better. I have been waiting months for it to reached RM5. Cow already come home also no RM5. Tunggu sampai leher pun sudah panjang. Soon become miskin_giraffah.

Funny enough my genting moving in the same direction as gloves. Apa macam? usually one moves in the opposite direction of the other. Bursa surprise.

What's the news today?

I am not an expert in averaging down prices, far from it. I just buy when prices dip, and sell off a small portion whenever the opportunity arise. 75% are in the freezer since I am not on the screen all the time, I only trade when I have some "free time" (pls don't tell my boss =) ) . My biggest mistake is believing that RM7 was the bottom. Had I averaged only when price reached new low, I could have further reduced my average price. A classic mistake of trading upon impulse without having a clear strategy.

From now to 1year ahead, cant you compare Harta growth vs genetec growth? when u avg down Harta, was the pandemic going to get worse? Gloves demand going higher? No right? You avg to negative growth.
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@Heather19 I guess this is where we have our differences. Glove demand will remained robust, even with China's expansion. I think glove industry will still enjoyed a decent profit, just not as high as in 2020 and in 2021.

Everybody knows that EV is growing at a fast rate, I am not doubting that. My concern is that the price of these tech counters are at their historic high, and I am not convinced that prices will continue to grow at such pace. Perhaps prices will continue to skyrocket to new heights, but perhaps prices are artificially high since all investors are in the bandwagon chasing it, just like glove prices in 2020 (I sold off all my Harta when prices reached RM18). Since I don't know enough about the tech sector, I am quite reluctant to invest so much into it, let alone putting all in just one counter (Already took profit from some tech counters, so I count it as a small win).

@YourQuirkyWays29 Mine is currently at around RM7.3, why so high? Because I top up several times at RM7 months ago. In hindsight dumb move, but that was before Harta's AGM annoucement that ASP is falling faster than expected.

At RM5.33+0.35 = RM5.68 we are not at the lowest point once we account for dividend. May possibly go lower, but where is the bottom....we are all playing a guessing game here.

If you want to average down, queue in at regular intervals whenever price reached new lows (say 5 lots at RM5.30, 5 lots at RM5.15, 5 lots at RM5.00 etc...)

@Anxious, yes this is the biggest concern, that the Chinese will outcompete us Malaysians. Yet I am still not convinced they have a cost advantage over us. Even if they overtake us in terms of market share, I care more about my company making a decent profit, not becoming the largest. Big isn't always better, it's the technique (or strategy) that counts (pretty sure I've heard that advice before =) )

@Heather19 Genetec was a great buy 6 months ago when it was RM4. Now I at RM40+ I am not so sure. Reminded me of averaging up Harta when it was around RM18++ a year ago.

I just don't know enough to invest in tech stocks (although I've made a some profit from MPI).

If Harta really is undervalued, no harm sitting back and collect dividend while waiting for price to rebound (though expect dividend to fall in line with falling profits). But in terms of collecting dividend, other glove counters (e.g. Kossan) may offer a better return. I am paying a premium for Harta because I am banking on their management skills to weather this storm.

@Anxious. Last year, I rode the roller coaster with Genting counter, with almost 60% of my portfolio suffering -35% paper loss. My current paper loss with Harta is smaller. Now enjoying +20% gain with Genting (could be higher if I average down more). Moreover Harta currently is in a much stronger fiscal position than Genting was a year ago, so I am more confident at averaging down with Harta than with Genting.

Agree with @calvin882. We are buying a downtrending stock, shouldn't be surprised if the stocks continue to downtrend despite whatever those IB reports say. Especially with downtrend stocks, plenty of small retailers are cutting loss and invest into something that pays better in the short term, adding further pressure on this counter. But if you're using your own money and you can wait, why worry? When ASP stabilised and when sentiments return to normal, we expect price to recover and approach its true value.

Most of us investors have experienced paper loss with this counter. It's a very uncomfortable feeling, and we come here occasionally to vent our frustration (more like daily occurrence for me, lol!) But do not let sentiments cloud your judgment. Regardless of your decision to accumulate or to cut loss, do not regret because you're acting on the best available information at that time.

Given how sluggish the Malaysian stock market, the poor sentiment, and the expected downtrend in the next two quarters (6 months), RM4 is possible. But in the meantime, I will be busily accumulating this counter. At RM4 maybe I'll just go all in and wait it out for the next two years. Tak perlu fikir banyak.

@Anxious 70% on a single counter is too much for me (in terms of risk). Do so only if you're sure prices will rebound.

Why worry when the company's fundamentals are strong? We should thank the poor sentiments for pushing share price down, accumulate cheap cheap. Too bad I have already reached my target on this counter, but will be ready to accumulate more when drop below RM5.

@jolynce. Agree current price not the cheapest yet. But if you have to choose to buy at ex-date or the day before, ex-date is usually cheaper because people sell after collecting dividend. Let's see if the downtrend continues this afternoon.

Benhobenhobenho Instead of buying yesterday, it will be much cheaper to buy today. U get more than 0.35 dividends, almost 0.50 if buy today n don't have to wait for few weeks, u get 0.35 instantly plus extra.
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Yes true. Given Malaysian's preference for taking dividend, it is better to buy today than yesterday if you intend to keep the stock. While it is usually cheaper on ex-date, but not always, so there's a risk of buying high on ex-date.

We all expect a fall today, but how low will it go? Got money good time to kutip cheap2.

@jolynce I have a bad record at predicting short term price movement, so not going to even try =) But 10% max drop from ~RM5.50 is around 55sen, which in a worse case scenario it can drop below RM5. Given Harta current financial standing, I also don't think Harta can stay below RM5. Maybe a temporary dip followed by a convergence at around RM5.2X-RM5.4X price range (haha see what I did here =) )

Even though did not expect Harta to reached RM6. Harta remains steady as a rock, while all other counters drop like stone. The real big test is tomorrow, we Malaysians tend to sell after kutiping dividend. If price remains steady tomorrow, we have a winning counter here.

@jolynce In light of yesterday's rise, Harta is doing slightly better than Topglov, Supermax and Kossan. This afternoon will be an interesting show.

I have no plans to buy or sell today, just sit back and watch the show.

NatsukoMishima Today sell tickets still can get cash dividend if not mistake ????
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According to annoucement, tomorrow (Nov 17) is ex-date.
If today (Nov 16) sell stock, won't get dividend
If today buy stock and hold until tomorrow (Nov 17), will get dividend.
If tomorrow morning sell stock, will get dividend. But price tomorrow also automatically drop by 0.35sen to account for dividend.

Paham tak? Besok quiz day.

COVID 19 EX today. Alamak, Red Pulak.

Tommorrow ex-date la. Tomorrow price will adjust down by 0.35sen.

Harta steady boom pipi. If price collapse, I'll be waiting at RM5 =)

Forgot to mention: If China finally succeeded in taking over Malaysia's market share. I'll say let them. Let them be the biggest, we want our companies to be profitable. Our companies profit, we untung.

It is reasonable to worry about China's threat but here's my read on the current situation (Bang_miskin kaki lima analisis). There are three possible outcomes.
1. China is really expanding their production capacity big time. What does it mean? To me it means that the foreseeable demand is good because of increase hygiene awareness. Would you invest billions going into a loss a couple of years later? I think not.
2. China is going big time even if the market is no good. They may have a technological advantage that outproduces all of our local glove competitors at a cheaper price. Is this very likely? I think not, but then again we can't rule out this possibility.
3. The market says is no good and yet China "says" it is going big time. They can talk the talk, but can they walk it? There's a Chinese phrase that directly translates to, "blowing cow's p****" ( I can't say the word here =) ). Would they exaggerate their capabilities in order to attract investors? I find this to be very odd. But if they actually do this, then we don't need to worry too much.

To me option one is most likely.

The only big worry is 2, that they could outproduce us at a cheaper cost? To me it is possible but not very likely. Like Calvin882, they may take our market share, but our producers are "more mature" already in the game for awhile. Making prediction is easy, but actually getting down to business is another thing.

@Calvin882 Stock market can be very fickle, just like our ex-partners. Sometimes good or bad news drive prices. Sometime it is based purely on sentiment, stock downtrend? sell, sell, sell! stock uptrend? buy, buy, buy! The way the stock market moves, you think there is someone manipulating the price. Are there big funds manipulating price? I really don't know. I'm not an insider.

Yesterday 11.11 was a sale. If you buy yesterday and sell today, you'll make a small profit =)

Nobody really know when price will rebound (if we know for sure most of us won't be suffering large paper losses) could be above RM5 or below, I really don't know. But it is important to have a target price in mind, a price you think the company is worth. If market price falls below your target, accumulate; if at or above target price, hold; if way above target price, sell (because to you it is overvalued).

My current target price is RM6, but I did not buy more because I have reached my target portfolio (30%). I will definitely make more room if it falls below RM5 since it is too cheap to ignore.

Of all the Top 4, Harta is doing quite well, no?