Today last day to kutip 19.75 sen dividend. Largest quarterly dividend from Harta. Siapa cepat dia dapat :)

Morning trend up, but will it last till afternoon?

JovaneChua, don't put all your biji in one bakul. Today may be the day but something tells me downtrend will continue until low 5.xx

bang_miskin really hancur because of this. Hold can hold, but not happy when price racing to the bottom.

Larian marathon still have six months to go. At the end maybe RM3 RM2, hati I pun sudah hancur, mati kebuluran.

trading volume higher in the afternoon. Sensing a temporary rebound.

RSS may be a factor, but there is a general there is a poor sentiment on the glove industry, Shorties just capitalise on poor sentiment and make some money. If you ban RSS, you slow down the price decrease but the poor sentiment persist and the cut loss downtrend will continue.

At some point this cannot continue. Let say Harta is shorted until say low 2.XX, this cannot persist for long because the company is severely undervalued. Institution will buyback in droves and RSS knows that they can no longer profit from shorting the stock. At some point it will rebound.

I don't know how long this shorting trend will continue, but at some point it will rebound, sooner or later. Whoever buys at the bottom will surely untung.

On the way to 5.90. Strong downtrend. What insider news am I missing?
@Foreign_Invest 5.00 by tomorrow very very unlikely but not impossible given current trend. This market is not normal.

Haha if really can fall to 5 before ex dividend date, I will masuk and collect dividend. Nanti guna dividend money lagi masuk Harta.

Ini cash rich well managed company nak takut ape? Bukan high debt Evergrande, cut loss team please throw more, I want buy it cheaper.

Selling pressure continues, not dip below 6.

Firsthand you're not the only one. I am also straddled with large paper losses. During the past 3 weeks of "averaging down" my price, I've already bought too much gloves stock. Now I am waiting for glove price to rebound a little. As long as I can sell a portion above my buying price, I already untung a little. The rest can go into the freezer.

Morning trading volume very low, afternoon volumne picked up a little.
To me investor are currently afraid to touch gloves. If price continues to drop like stone, better wait to buy low.

This month sentiment far worse than last month. Last month price sentiment is poor but stabil. Price rarely dip below 7.00, occasionally green. Now sentiment on gloves so teruk, not sure what the bottom price is. 6.00? 5.00? 4.00?

If tomorrow and the day after continue like this, we glovers hancur la. Will trigger another round of cut loss.

Impossible Supermax can reached prepandemic price of 65 sen unless next QR is extremely bad, worse than TG QR.

Which Top 4 QR announcement coming next? Waiting for next round of price fluctuation.

MBB really waste no time downgrade TG TP to pre-pandemic price level.

If China not scared of falling ASP let them also join the fun.

I thought Harta have a fighting chance. All gloves counter hancur under selling pressure.

JovaneChua rebound in 10 mins. Count down
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Which institution sapu? EPF?

given current rate of change price might fall below 6 before ex dividend date

All gloves kaunter macam kena sumpah. I'll stay and watch. No point enter and then watch price falls further.
Too late for me to cut loss. Punggung saya sudah disempit, sekarang tanggung paper loss.

Perhaps so. For the time being, waiting at Kaunter Harta for deep diskaun.

Last Friday steady but Monday morning drop like stone. Kutip phase begins when price dip below 6

lower asp ==> more affordable to more importing customers ==> higher global export volume ==> more sustainable revenue

You mean lower future asp. When you expect asp to fall in the coming months, you start cutting down on current demand because you can kutip later at a cheaper price. Harta boss Kuan noted that despite having more cases, current sales has not increased.

For the past two weeks Harta's price has been continuously dropping since their boss painted a "bleak" outlook. So it's a small relief that it closes green today. Of the big 4, I have most confident with Harta to weather the storm. IMO, it's far from over. Already set aside some cash to average down when price dips below 6.

I welcome Chinese manufacturer to join us in the train ride to neraka. Sekarang kita sudah sampai lingkaran Dante keempat

Biggest afternoon berak in a long while

Kad laporan TG manyak teruk. Will indirectly affect Harta. Oredi experienced red Genting train ride last year. Now hopped onto kereta Harta for similar experience.

Made a mistake of saying "low 3.00" because I myself dare not buy when Genting fall below 3. Hindsight 2020. Lowest price I bought was at around 3.40 with average price of 4 something since also I hold some Genting stocks before the March 2020 crash.

Dragonboy, I hold both gloves and Genting. To me both are good buy for different reasons.

Casino industry will recover once we get out of the pandemic and reached new normal. Should be soon (next year or so) given current vaccination program in many countries. I kutip Genting last year when it is at low 3.00. To me Genting still worth kutiping as long as it's below 5.

Glove mania already over since late 2020. With all the bad news inkambing, glove counters fall below their "fair value". At current price, any top 4 kaunter is decent for long-term investment (3 to 5 years in the freezer).

Today's rebound stronger than expected. Those who kutip cheap2 last week, untung besar2.

Round 2 aim for the moon.

Why gambler will stop gambling? Gamblers moved on to other SEA casinos, indirectly benefiting Genting and others.

I suspect the regulation may put to light certain illegal activities in Macau. So those people involved might want to lay low a little, just my guess. I am no insider, just one of the many Genting shareholders.

Effect from Macau should benefit Genting. Takkan gomen China nak regulate us too?

Today stock price a bit gila. Bursa dropped, Harta aiming for the moon.

Apa jadi? Why suddenly Bursa drop like stone?!

Morning price aim for the sky!

Selamat pagi! Hoping today will close green.

Two weeks ago when price hover above 7, can day trade and untung pocket money. Now days deep into red territory with no bottom might as well keep in freezer for 2-3 years.

Berita yg mana lapor gomen nak tangguh RSS?!

greedy44444 RSS going to suspend for six months....buyyy !!!

Bursa is a small market, more susceptible to manipulation, but I think it is more of retailers panicking and selling than manipulation from a few big brothers. Lot's of retailer jumped into the 2020 glove frenzy and are looking to offload before hitting the bottom. Facing weak sentiments most retailers either (1) cut loss or (2) keep in freezer no eye see. With Harta's boss recent speech more retailers are rushing to cut loss. To me the market overcorrects making current price very attractive despite facing lower ASP, China threat, windfall tax etc.

The weak sentiment will persists for another year or so, but if you have holding power, it is worth buying at low price and keep in "no-eye-see" section of the freezer for a few years.

Today trading volume low. Weak trend and weak sentiment persists. Price trend reminds me of Genting share in mid/late 2020, when shares are traded at low RM3. Unlike Genting, I expect Harta share to recover at a slower pace since we are currently at the peak with red 3 and 4 Q report inkambing. Gonna be a rough 2021-2022 for gloves holder.

Also if the gov really wants to impose windfall tax, they are at least a year too late.

Right now top 4 price is extremely attractive, Harta and Kossan already reached pre-pandemic price level. Even with China's competition threat looming, the possibility that any of these 4 gloves company will be in trouble within the next two years is extremely remote, laughable if you ask me. My advice is buy any of the top 4 companies, keep in freezer, no eye see for two-three years and reap profit. Unless you expert day-trade, forget short term price fluctuation, make your blood pressure up.

last minute price bump. EPF on a buying spree?

To me who is in for the long haul, lower price means greater opportunity to average down. Of course the million dollar question here is how low will it go? When will we reached the bottom? Hovering around 7 for quite some time, I never thought it will reached 5.XX, but stranger things have happened.

Interesting price trend. Two weeks ago, would never believe could dip below 6. Today this is a real possibility. Waiting for another round of collection at 5.XX

Agree with treasurehunt. Personally I am confident with our glove industry and believe Harta is undervalued at current price. But given current price trend and sentiment, price will continue to fall for quite some time. The extend of China's presence is still a big question mark in the medium term. Hoping to keep 60-70% of them in the freezer for the next 2-3 years or so. Plan to sell the rest when market rebound.

@observatory @treasurehunt Thanks for both of your explanations. I forgot to take into account that the Chinese government would go to great lengths to support their key industry. It remains to seen if they could reach economies of scale since they neither have the labor cost advantage nor the benefit of procuring sources from close proximity.

If we factor in implicit government support, we should be also be concerned with our tech industry. The Chinese government has poured quite a bit of money to support their homegrown semiconductor industry. Perhaps efficiently making semiconductor maybe harder than it looks. But if one worries about China threat, perhaps they should not rule out the impact on our tech sector too.

There's one thing I never quite understand. Why is China a real threat to Malaysia's glove industry? They are such a manufacturing powerhouse, they could have overtaken us 10-20 years ago. Why now? It is because there is newer and cheaper way to manufacture gloves? It is because the explosive ASP in 2020? Not very convincing argument if ASP returned to pre-pandemic level

My best guess is that many of us knows that ASP will remain elevated compared to pre-pandemic era, which give them an incentive to enter because they'll enjoyed decent profit in the medium run. Malaysia will be on the same boat too. Yes competition will erode our market share, but we also benefit from the higher-than-prepandemic-ASP.

At least that's my thought process, gloves in the medium term is still an attractive. That's why I am long for gloves. Of course what's the best price to enter is the juta dollar questions. Had I knew, I don't need my crappy 9-to-5 job.

Same thinking @Gkhan. Too much Harta in my portfolio. Average down price and waiting for rebound to take profit. On the other hand if really fall below 6,can consider another round of purchase.

@JN88 kedai salah. ni warung Harta, bukan warung Topglov

@Valgrovest, Harta boss make honest annoucement. Macam ni pun share price hancur. Easy to blame Harta boss, but to me a lot of people takde holding power. Almost a year of downtrend makes many investor jittery, eager to take profit or cut loss. Even TG CBP (very good news!) also fail to prop up price. To me it gives me a good reason to enter and hold TG.