heard Harta contemplate to have e. Musk using AI in glove productions!

heard someone said r. Kuok investing in Harta?

when 1.73?

tomorrow dividend payment! Harta never failed paying dividend in 2022 todate!

for a stock that is blacklisted or doomed to bankruptcy, even at 2cent u can't sell 'cos all investors will shun d stock!

TG's major shareholders had already made millions/billion thru' shares split n high dividends declared but mankind cannot be too greedy! d big n small retail investors r d ones lose money with their corporate actions!

@30cent i will all-in! this way i don't have to cut-lost supporting d high price bought!

Kossan price is fast picking-up! idk, maybe b'cos of d high confidence given by investors to TG!

ironically, i still see a lot of buyers! idk, maybe Ahchai n gang or big investors see hell of a bright future in gloves business!

TG price dropped not b'cos of gloves fundamental (eg. declining ASP) but b'cos of its hugh NOSH, low EPS n very high PE ratio! idk, d price will continue to fall till a PE ratio of below 10X occurred! TG will b rated according to its next Q1 Nov. '22 results i.e. achieving higher utilisation of machineries, higher revenue n positive PAT.

Ularsawa, with TG Q4 results of qoq @ -444% n yoy @ -109% be trading at a PE ratio of 21.70, then PE ratio for Harta, Kossan n Supermax should be 10X at least!

Exact words by Ularsawa posted in TopGlove I3Forum:
-"China gloves are normal low value low quality ones. China companies having difficulties retaining customers and also subject to USA and Europe restrictions".
-"Imagine you buy china one lesser by 1 or 2 usd per 1000. Haiyoh. One pc of glove cost how much only".

Now u see, d lower ASP of China's rubber gloves is a "NO BIG DEAL" affecting our Malaysians Gloves Manufacturers! glove is so cheap as one piece of glove hardly cost RM0.10 to d buyers! so, ASP have very little impact on d profitability of our Malaysians gloves! bigger impact will b on labour cost, prices of production materials n gas but already gas price is declining n labour, materials cost have stabilised!
therefore, taking into consideration all these factors, im looking at a brighter future for our Malaysians gloves industry towards year ending!

problem is a lot of big investors were caught, bought gloves stocks at high price (peak pandemic period) n they need the glove price to fall to below rm1 to average down effectively! if u looked at d quarterly high revenue churned, positive profit n low PE ratio (with exception TopGlove), d price doesn't reflect d actual value as given to other sectors! already d current positive quarter for Harta, Kossan n Supermax should deserved a higher price!

The Malaysian Rubber Glove Manufacturers Association (Margma) has forecast that global demand will see a recovery in 2023. "The industry could see a turnaround next year if more small players consolidate to address the oversupply issues. We also expect the demand for gloves to be at 6.8% annually, which is higher than pre-pandemic levels.”

d crux of d problem is global oversupply of rubber gloves n falling of ASP! need to reverse this!

to be competitive n take necessary risk they just have to cut production n raised ASP of gloves!

looks like d worst is over for gloves stock! there is sign of light at d end of d tunnel n hope for brighter trading ahead!

@ bang_miskin, closed at 1.64, cheers bro!

got d 3.5cent dividend today! as usual, buy more at 1.55 (ex-dividend price adjustment followed by morning dipped)!

Harta no more cukai makmur like TopGrove n Kossan!

this sinkalang khatu cannot pakai!

suddenly this khatu spamming Harta n panic for no reasons!

@bang_miskin, last Q4 profit must b due to management prudent measures seriously lowering their production cost per unit glove, cutting cost on materials (lower price of materials purchased) n reducing wastages (labour, time n materials). ASP is still a matter to address but price has bottom now n will goes up by year end due to more conducive favorable economy.

@bang_miskin, hv u notice that Harta n Supermax have reported a positive profit on or after their Q4 2022 report (paid Cukai Makmur)? TopGlove & Kossan should also able to achieve this result as d demand for medical hand gloves persist regardless of lower ASP of gloves in d market!

like that d moon will b extra round n bright this moon cake festival for gloves stocks!

this Q4 Aug '22 QR for TG will b subjected to Cukai Makmur?

gas price for production of nitrile biodegradable gloves will fall for sure! oredi Russia's is selling them cheap when they cut-off their sales to EU! others global gas producers will follow suit b4 year end!

global demand for nitrile gloves in healthcare will increase for sure!

can b 2.79 by year end!

im investing a stock i know! something permanent with gud fundamental! not speculating!

wonder when d short selling will stop? until year end?

still got hope??? no more cukai makmur, asp at bottom now, foreign workers recruitment commences, supply & demand at equilibrium now, etc...

buying n accumulating of Harta's shares for imminent price uptrend by year end n towards 2023 have started.

khatulistiwa1234 continues to dominate Harta forum n d share price is going uptrend!

khatulistiwa1234 is back not answering questions but sinkalang as usual.

@khatulistiwa1234,
when is d date of d coming AGM n d announcement of d 3.5c dividends they declared to b paid in Sept. '22?

The Malaysian Rubber Glove Manufacturers Association (Margma) has forecast that global demand will see a recovery in 2023. "The industry could see a turnaround next year if more small players consolidate to address the oversupply issues. We also expect the demand for gloves to be at 6.8% annually, which is higher than pre-pandemic levels.”

CGS-CIMB expects ASPs to stabilise by the end of the year at US$22 to US$24 before increasing to US$26 to US$27 in 2023. If so, ASPs would still be higher than pre-Covid-19 levels as gloves were fetching US$20 to US$22 at the time.

"Some of the glove companies are sitting on a huge war chest that was built in 2020 during the rally in the global glove prices caused by the Covid-19 pandemic,” observes a fund manager. Glove players that strengthened their balance sheets during the boom should be able to weather the storm and see better days in the long run.

HARTALEGA "Our Industry’s First."
1. First to create non-leaching Antimicrobial Gloves that kill up to 99.99% bacteria.
2. First to create Colloidal Oatmeal Coated Gloves to improve skin moisture & barrier.
3. First to develop Light Weight Nitrile Gloves.
4. First to commercially produce High Stress Relaxation Nitrile Gloves.
5. First to develop Polymer Coated powder free examination gloves.
6. First to develop single glove dispensing to prevent glove wastage & contamination.
7. First to develop automated glove stripping machine.
8. First to implement double former production line.
9. First to successfully registered biomass energy plants with UNFCCC (Kyoto Protocol).
10. First to commission high capacity production lines (45,000 pcs of gloves per hour).

Are Malaysians Rubber Gloves Manufacturers In Compliance With ESG?

"Malaysian firms that ignore ESG (environmental, social and governance) could go the way of dinosaurs". Panelists at an ESG discussion organized by the Malaysian Investment Development Authority said on Tuesday (Aug 2).

According to Investopedia’s survey in 2021, 67 per cent of multinational companies have expressed interest to buy more shares of ESG-focused companies. Fund Managers are taking a pause to relook their strategy for companies with long-term sustainability based on ESG to increase their productivity, reduce reliance on foreign labour, and ways to achieve cost savings.

WORLD HEALTH ORGANIZATION (WHO)
7.9 billion people are still living through Covid-19.
It is not over!

Hartalega - Exporting High Quality Gloves Around The World.

Innovativeness:
New & Improved Products Are Key To Unlocking New Markets & Opportunities.

BDGTM Nitrile Biodegradable Gloves are an eco-friendly option for use in medical, laboratory, food and industrial fields. It indirectly produces clean and renewable energy through the unique and organic additive that attracts microbes commonly found in landfills to disintegrate the gloves naturally, leaving behind only biogas, water and inert soil. Hartalega BDGTM Nitrile Biodegradable Gloves offer better ASTM D5511 biodegradation performance. The more you use BDGTM Nitrile Biodegradable glove, the more you keep our earth clean.

Organic growth

Hartalega bets on anti-microbial gloves as the new game changer. Touting the new product as a “game changer” that could elevate Malaysia’s glove manufacturing industry, Hartalega managing director Kuan Mun Leong says the group aims to make its AMG the new standard globally.

About a decade ago, Hartalega Holdings was the first company in the world in 2005 to come up with lightweight nitrile gloves. Today, Hartalega, the world’s largest nitrile glove producer, hopes such revolution can be replicated through its newly created antimicrobial gloves (AMG). What’s so special about the AMG is that it is the world’s first non-leaching glove that effective in killing prevalent and antibiotic resistant microbes in five minutes. This is useful in the global healthcare industry that has for long been bogged down by healthcare-associated infections (HAIs). HAIs are infections that patients can get while receiving medical treatment in a healthcare facility. It costs the healthcare industry billions of US dollars each year to address the problem. “This new product is cost-efficient to produce; and the price premium attached to it is not too forbidding for the gloves to be adopted globally,” Kuan says.

Citing data from World Health Organisation, it costs the European Union seven billion euros (RM32.75bil) each year to tackle HAIs that affect 4.1 million of its people and cause 37,000 deaths. In the US, the annual cost is US$6.5bil to deal with HAIs that affect 1.7 million of its people, and cause about 100,00 deaths.

“We’ve been receiving good response from our customers in Europe... the next market for us is the United States,” Kuan says of the prospects of AMG. Hartalega launched the AMG in Europe.

who said China's labour cost is cheap? yes, decades ago not now!
why compared with China when our gloves are also sold to manufacturers of semiconductors and consumer electronics and for automotive maintenance and spray painting. The company organizes itself into six segments based on geography: North America, Europe, Asia, Australia, Malaysia, and South America. More revenue comes from the North America segment than any other.

keep in at 1.60 but wooshhhh naik 1.82

apa mahu check? tunggu naik half of a cent all happy!

price should LU n gauged demand when regasification facility (converting liquefied natural gas to natural gas) in Melaka commenced after September '22.

RGTSU (Regasification Terminal Sungai Udang) is known as the world's first-of-its-kind regasification unit on an island jetty, according to PetGas.

why vy few investors interested?

Last Updated: July 28, 2022 at 1:12 p.m. ET
Bad news for borrowers: The ‘terminal rate’ — the peak of the Fed’s interest-rate cycle — may still be quite far off.

Gas prices often move like "rockets and feathers," meaning they shoot higher and sink slowly.

Just don't expect prices to fall as quickly as they rose. Gasoline is perhaps the best example of asymmetric pricing in the real world, a term that's more casually known as "rockets and feathers." The dynamic is used to describe how prices can soar higher like rockets but decline with the urgency of a falling feather. And although it's unclear what exactly is behind the trend, various signs point to "greedflation."

as long as inflation persist, d petroleum n gasoline refineries will make huge profits!

crack spread price will always b subjected to intervention by govt (by ways of subsidies, tax cut/rebate to refiners, lowering price of crude oil, etc.) to help d consumers facing hardship during d high inflationary period.