Yesterday say plantation price too expensive, don't chase. Now do a 180 and say TDM is the best plantation stock? So cepat masuk plantation lah? Wakaka!

Is KYY pulling a "Supermax" on unsuspecting investors? For those who are unaware, expect the following "gem" articles from KYY.
1. Plantation counters are too high, investors should not chase.
2. I have purchased plantation1 two weeks ago. You can call my remisier at 60X-XXX-XXXX.
3. I have moved on to plantation2. Plantation1 EPS is trash compared to 2.
As price of plantation counters fall...
4. Investors should continue to buy and hold plantation2, look at its EPS relative to tech1, tech2,...
5. Investors should hold plantation2. People need palm oil for their roti canai and nasi lemak.
6. Look at these charts, demand for roti canai and nasi lemak are rising. Investor must have faith that CPO price will rebound
7. My very clever niece told me to buy Maybank, I purchased them two months ago, and sold them last week to buy plantation2. Investor should not be misled with Maybank's share price. Buy plantation2.
8. I have sold plantation2 three weeks ago. Investors should do the same.

One thing about IB reports is that their reports are based on limited information just like us too. Their reports are a decent guide for newbies in a sector, but don't take their target price as gospel. If you do, half chance untung, half chance straight to Holland.

Wait for another month or two when tech price depress some more, then they all reduced their target price and changed back from overperform to neutral. Happen to gloves counter back in 2021.

To me tech sell-off (deflation) is due to bursa kaki moving on from tech to plantation and commodities, moving away from old toys to shiny new ones. Tech fundamentals remained relatively unchanged (U.S. rate hikes are known a month advanced). Yeah tech maybe overvalued because bursa kaki overgoreng in 2021, but I doubt it will collapse. Just deflate and inflate later when bursa kaki miss their old toys.

One can cut loss now and buy back later. For me I am very bad at timing the market, so I hodl like a r*t*rd :)

Afternoon rebound. Let's see if can sustain above RM3.75

Yes @Anxious the price right now is very cheap, but if Topglove's QR is below market expectation, there's room to fall. So this is why I am not holding my breath.

Right now, the market isn't kind to gloves, and now Bursa finds the new victim: tech. Just have to accept that you win some, and you lose some.

@YourQuirkyWays29 Actually I am waiting for next QR because I am expecting price to drift downwards. With Harta's latest QR (and observatory's comment) I have also become more pessimistic of a short-term rebound.

As pessimistic as I was, I am still holding on to Harta and buying it in batches. Just like your reasoning, I am terrible at timing the market, and at any given moment, Harta may bounced back up (just like yesterday). But with the market recovering (plantations, banking and commodities are doing quite well), the opportunity cost of buying Harta now is quite expensive. So I only do so if it's ridiculously cheap, which could potentially happen after Topglove's QR.

Finally some movement upwards.
Back in early 2020. When Gent was at low RM4.XX I started to buy some. I continued averaging down to late 2020 when Gent was trading at low RM3.XX. Remembered it went below RM3.
When the vaccine was announced. Gent immediately shot up. In few months it reached RM4.7X, I took profit for the first time. Took some more profit when Gent reached near 52wk high at RM5.2X.

I still have a decent amount of Gent shares. Hopefully this time can slowly go up to RM5.

Lol, Nasdaq up this counter fail to up. Let price drift lower, then accumulate.
Almost a year ago, this counter RM7 (after split) people rush to accumulate. Now below RM4 people rush to sell?

@Pinky I bet with my lima kupang that KYY is going to pull a Supermax with plantation counters. Will Taann be KYY's new Supermax?

Our tech performance tied closely with the Nasdaq. Let's see if Greatech can move up today.
If fundamentals are intact, should not worried about averaging down in batches/tranches. Don't worry about the naysayers, there's one in every counter.

Quite surprise with tech trend....I guess tech bubble really deflated.
Too bad my funds are limited and currently earmarking funds for gloves (Harta). However if Greatech continues to fall, will strongly consider to accumulate a little.
No reason to panicked...enable bottom-fishing mode.

@pang72 yes sounds very familiar...
early 2020: Tutup Mata hamtam any gloves stock..
early 2021: Tutup Mata hamtam any tech stock..
early 2022: Tutup Mata hamtam any plantation stock..
early 2023: ????

Slow and steady. Let's see if can beat IB's target of RM6.

Kuans bought back Harta shares in the past. Why not now, I am not sure. Perhaps they think there is some room for price to fall. Just pure speculation.
By the way, Topglove's QR report should be out within the next 2 weeks. Let's see if Topglove can maintained in the black. If Topglove's red, expect another round of sell-off.

Genting result is really lackluster. Have to wait for borders to fully open to reap any rewards. One of our main customer, China, hasn't provide any indication to open up anytime soon (my guess: earliest next year). While many IB analyst paints a bright picture, in reality the outlook remains mediocre. So price tak naik tak turun.

Still for long-term holders, buy the dip. Genting ade chance punya.

Pecah RM5.30. Upward trending.

@YourQuirkyWays29 nice to meet you here too. I bought mine at RM5 after a recent correction, did not expect it to drop below RM4, lol! Figuring that gloves wasn't doing too well at the moment, thought I would be better off buying the leading company from each industry. Still accumulating gloves, though currently waiting for Topglove's QR this month.

IB Analysis price target remained unchanged (buy/outperform) at RM6. IMO still have room to grow. Good for those who are thinking of accumulating.

QR out yesterday, result good but not spectacular. major price correction inkambing.
Those interested in buying, this is your chance. However don't catch falling knife.

Morning climb :)

Agree. New format is terrible. Harder to use on a computer.
Morning sell-off. Don't catch falling knife. Wait until price stabilised before entering.

Hmm.... here's my "amateur" kaki-lima_TM take on tomorrow's activity
From latest QR, result is decent and "within expectation"
However some will think that results is below expectation when compared to the rapid price increase. These people will take profit tomorrow, as soon as possible.
However some will hold and buy, especially those who believe that revenue/profit will climb for the next few quarters.
Tomorrow's going to be a rough (but interesting) trading day.
I won't be doing anything tomorrow. Got work to do, unfortunately. If I want to take profit, I will do it later. No rush.
Why?
If plantation cycle is similar to the 2020/2021 glove/tech hype, still too early to take profit. Ride the bursa bull for a little.... :)

This company slow but steady. When our good fren kyy cakap busuk about this company, you know you picked the right one.

We are all responding to uncertain events in one way or another.
Best case scenario: Peace talk agreed between Russian and Ukrainian officials. War ends in a week or so. Life returns to normal.
Worse case scenario: Fighting escalated and more countries get involved. WW3 inkambing.
Under best case scenario, proceed as normal (90% stocks and 10% for bottom-fishing)
Under worse case scenario. 100% cash (don't hold ringgit, either gold or USD/CNY, or whichever country that has the best chance of surviving WW3).
Which scenario is more likely? Only Tuhan knows.

Let's hope the upcoming QR is good. Like any rational investors, we want to see numbers (QR) before committing more funds into this counter. Hopefully a better-than-expected QR can further boost its share price.

Can Taann match the performance of SOP?

When most bursa kaki rushing to buy the next hot counter, I will continue to accumulate Harta little by little as price drifts to new low (this ikan bilis can only buy few small lots at a time). Let this sleeping dragon lie low for the moment.

Tech undergoing major price corrections (e.g. look at pmbtech, good QR but price still drop) and is currently out of rotation play (plantation and consumer goods are in right now). Sell/cut loss if you want to jump on to the next hot counter, or hodl/buy the dip whenever Greatech reached new low.

I have a very small stake in greatech, no plans to sell, but have plans to buy if it drops to around RM3.70. Keep for long term lah. If company's fundamental's good can wait and bottom fish this counter.

overall market sentiment is okay, but very bad for gloves. I think this week's drop reflect lowered expectation for topglove next month QR. Most expect declining ASP will further squeeze profit. However if QR is indeed red (net loss), glove counters will experience another plunge.

No hurry to accumulate. In my opinion very likely to test RM 4.50 low down to low RM4.++ in the coming month.

I don't have a stake in Dnex, but this KYY must have read the chart upside down.
Pity him lar, 80 something. Don't know which way is up, which way is down.

Tech stocks like Greatec are expensive for a reason. They are risky but on average produce high return. When Greatec down, take the opportunity to average down. Later pancut up can take some profit.

@CharlesT for the next few days as war intensifies, your dream counter may also trade at a discount. Tak perlu tunggu sampai 70-80%, 20-30% diskaun also good.

@Ryan83 Yup glove counters very bearish. Part of me wants to buy in tranches, but another part is to wait until Topglove QR next month. Expected another bloodbath.

Now RM4.52, approaching RM4.50. Guess I don't have long to wait.

Pecah RM5 very easy. See you there at RM5.55

QR decent. However expect sell-off due to war. Prepare to accumulate from the dip.

Approaching RM4.50 faster than expected. Come come RM4.44, be greedy when others are fearful.

Tan Sri believe that Topglove was worth at least RM6, so conducted lots of SBB at that price. Tan Sri also believe that Topglove can overtake Maybank. With that mindset, not surprising he acted that way.

But on the other hand, months later Tan Sri decided to offer shares in HKSE at much lower price! Many contradictions.

Anyway hope Topglove next month QR is good. If it is red...well we know what to expect....

Now play the waiting-bottom-fishing game
If Harta reached RM4.44 buy few lots
If Harta reached RM4.04 buy few lots
If Harta reached RM3.64 buy few lots
... etc

4 is my lucky number.

@Natsuko already prepared for Harta to make losses. I also bottom fish for Genting in 2020 when Genting was bleeding all over. Thankfully made a tidy profit when Genting shot up to RM5.2+ months ago.

@Kingbeast what "facts" you want to hear? That glove is a dead-end industry? That the Chinese will crush us and make us close shop? Those with more pessimistic views already sold their stake and move on to other counters. What is left here are those who still have a stake in this company and are bottom-fishing for the best price. Of course we are optimistic (biased) towards gloves, otherwise we won't be here.

Before China, Malaysian gloves compete with one another. They don't hold hands and sing kumbaya.

Of course with the pandemic, the Chinese, Thais and Viets adds more competitive pressure to a pretty competitive market.

On the other hand, the pandemic increase hygiene awareness and thus higher demand for gloves.

Whether the increase in demand can cover the capacity expansion remains to be seen.

I am partial towards @looiting that our glove producers are more cost competitive than the Chinese, but we must be prepared for two-three quarters of losses as margin may be squeeze by new supply. Price may even approach or fall below RM4 as market reacts to more losses.

In basic econ 101, as long as we remained cost competitive, we don't have to worry in the long run. Companies making losses will eventually exit the industry, while the remainders faced less competition.

Therefore investing in glove is a gamble in the short run, but may pay off in the long run as long as the company can stay above the competitors.

Sekian

The worse may be over. Can start to accumulate when it dips.

Waiting for topglove's next month QR to access ASP decline on squeezing profit margin.

Looks like prices has stabilised somewhat. Just like @looiting will be adding small batches from time to time. With recent gains in the banking and plantation sector, can use some of those gains to gradually top up Harta.

unlikely limit up. tengok laporan suku tahunan dulu lah.

Oh wow, I know US/Canada cbp ban is bad, but once factor in prosperity tax, it's double bad.
Price likely dip below RM1 by this week. Maybe good for long-term holder, but for short term investor, would stay away until after ban is lifted.

Today is day-trader's dream. If can predict today's closing price, can make a lot of money.

Don't catch falling knife...