Almost sold most of my shares as the management direction is longer aligned with what I have in mind.
I'm confused with the Rights Issue previously and now with the further revision, I'm no longer able to appreciate their "master plan".

Anyway, many others are still following.

All the best. Moving on after following for 3 yrs.

Wow.
The revision for rights issue is mind boggling.

In the min scenario ,enlarged issued share is almost 2 bil.

In the max scenario , enlarged issued share is almost 2.7 bil.

Under max scenario almost rm100 mil for "future biz venture".

I felt the company management should just focus on the power plant project for the 1st 5 years after COD and use the period to accumulate a warchest and strong cashflow to venture other stuff.

@ darren88888

The reason is Harta has not reflect its actual earning capacity last quarter(up to march 2020). IBs and analyst are not able to compute and estimate Harta's full earnings and the growing ASP.
Once the coming quarter is out with full ASP factored in, the IBs will be able to paint a better picture.

Same goes to Kossan.

Unlike Supermax, their deeper inventory(4mths) allows greater earnings potential during the march quarter.

And of course Top Glove has till May 2020 results, sure able to reflect greater earnings capacity.
---------------------------------------------------------------------------------------------
Posted by darren88888 > Jul 17, 2020 10:45 AM | Report Abuse

Why seems like harta is the one with scandal rather then top glove？ price up so little

Looking at the Top Glove news on the detention of its product in US, this bodes well for Harta as the 2nd largest nitrile glove and having most of their clients in US which offer the highest ASP.

Anyone reading :Supermax has increased selling price - Koon Yew Yin

I suggest that you exercise caution on his words.

The ads selling glove is at retailers pricing and is very much different from manufacturers selling price.

Study and get the facts right instead of following the herd.

Very much agreed Airasia is a well run company.
Top management able to find a solution for this pandemic period.
Most airlines worldwide are also hit.
Let's see if right issue or private placements will be proposed to add additional buffers for the company financials.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066638

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066975

Hopefully is to buy more of their own shares.

Seems the IBs just can't get it right.

Seems all the fame is surrounding Topglove having the greatest ability to scale/expand capacity and increasing ASP as when they like.

Fame partially went to Supermax in their ability to have better ASP due to OBM structure/pricing.

Many analyst(IBs) also blowing trumpets on both and nothing much on Harta even though the company is No.2 in the world with above average profit margin and better technological advancement in products and production line.

Actually, I believe KYY was referring to assumption or speculating a future profit.

He's not wrong to say that but there must be cautions when company change the core biz.

J@K$ is in water,infrastructure and property development.

Going into utility(power) biz is quite different and require different skill sets. It's like comparing a plastic surgeon and a heart transplant surgeon. Though both knows how to cut and sew, they are very specialise indeed.

But looking at their % of ownership, we know the plant will be run and operated with the expertise of Chinese company which have the know how.

Though whether the plant will be profitable is really everyone's guess.
No biz is guaranteed profit. It depends on who is running it and the timing.

We shall see in the coming quarters that J@K$ can justify their rights issue and their plan to turn around the company by moving into utility biz.

Next month QR will know the remaining 8% is completed.

What is more annoying is the large no of shares after the right issue with min scenario 1.1bil and max scenario 1.4 bil.

Though this is not unexpected with the poor execution of the msian property arm.

DK66 articles will need further adjustments(eg:EPS) in view that the no of shares have increased significantly. Though fundamentals remain unchanged for now.

@pang72
Stop spamming this forum.
By the way, Harta will never hit RM100....you are talking rubbish.
AT RM100, Harta will be more than RM300 billion in market capitalization.
That's 4 times larger than Maybank market cap.
DO you know Maybank earn more than RM2 billion in net profit per quarter and has more than RM800 billion in assets.

Results as expected.
Property and construction affected during MCO.
Nothing surprising.

QR result may not be good.

Since the remaining 7% is not completed between Jan-Mar 2020.

Thailand's first major IPO amid the pandemic brought in 14.9 billion baht ($482 million) for the kingdom's largest maker of medical gloves, Sri Trang Gloves Thailand. The timing helped, with personal protective equipment in high demand due to the ongoing pandemic.

The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares are expected to make their debut on the local stock market on July 2.

=================================================================================

https://asia.nikkei.com/Business/Health-Care/Thai-medical-glove-maker-raises-482m-in-IPO-to-expand-production

One thing about Harta.

The management doesn't comes out to boast of the better than expected profits or revenue as compared Supermax and Topglove bosses.

Also Topglove had overtaken Harta as the largest nitrile glove maker.

Hoping for some message from management on how to reclaim its top spot.

This coming quarter result should be interesting.

@AxeCapital2077

Firstly, rebalancing portfolio didn't come from me. Check it from TheStar news.

Secondly, I have group of friends from IB and PE firms. I know how they think.

Thirdly, I think you are making losses, thus your tone. I believe you are a novice in stock market.

Fourthly, this is a free forum, we share info and opinions. You can filter whichever you dislike.

Lastly, Gpacket is not my only stock, I do not need to reach my entry point and I do not expect buying 10 stocks and all 10 stocks make gains.

In Summary, buy/sell at your own risk. Assess information and do you own study.
--------------------------------------------------------------------------------------------

Posted by AxeCapital2077 > Jun 23, 2020 12:41 PM | Report Abuse

newbie8080 dont kid and lie to yourself you are probably just hoping the stock goes up to your entry point. How the hell do you know they have disagreements or rebalancing their portfolio? oh wait ''probably''

Looking forward for TG to adopt IR4.0.

Reduce reliance on manual workforce and fix overhead cost.

Fully automation throughout the entire process lifecycle.

Adoption of IOT and autonomous drones to move inventory.

Higher profit margin margin.

Interesting move by the PE firm to disposed below 1 year of holding.

The excuse from the PE firm to rebalance portfolio is definitely false as PE firm will not change its investment stance in a short period of less than 1 year.

Fundamental had not changed.

Probably disagreement between the PE firm and CC Puan on the expansion plan.

Anyone can share news on China Glove makers?

Understand that they are also expanding their production line and they are able to scale up pretty fast, just like the hospital built in 10 days.

@Joycelee

Normally you would wear gloves. But some poor countries in African continents such Kenya, Nigeria, Uganda,Malawi, Sudan, etc may not.

Poor middle eastern countries in warzone such as Yemen, Syria,etc may not

Poor Asian countries such as Bangladesh,Pakistan, Afghanistan,etc may not
------------------------------------------------------------------------------
Posted by Joycelee > Jun 17, 2020 5:36 PM | Report Abuse

even with steroid, you still need to wear hand glove to inject steroid i guess?

The question is why would anyone be interested to pay more for OBM products if there is other cheaper options eg: OEM with lower ASP?

Why S5 is not seeking via IPO?

Isn't it more glorious way into Bursa.

Unless it could not qualify the requirements of new listing.

@freetospeak

Why is there a need to do it earlier?

@GooShen

I didn't get it at IPO. It's not a big deal.

We don't load up few months back because we had already loaded up years ago.

We are buying and investing in a biz not gambling.
---------------------------------------------------------------------------------------
Posted by GooShen > Jun 15, 2020 10:47 AM | Report Abuse

You better say you bought before IPO. Average not even 10cents
If you are sk sure, why you don’t all in few months back? I buy stock when price is right, just like I call buy Penta 2.80 when you all panic. I sold 3.50, but I don’t chase high like dumb crab.

I love market crash and always want it to be !!

Topglove has the highest capability to expand production among the rest.
Having able to sell more gloves is the key, higher ASP will provide the profit margin.
Currently, Topglove is producing double of what Harta is producing.

I really like the company CEO for Serba Dinamik which run consultation services for O&G, Engineering, Procurement, Construction and Commissioning (EPCC), IT infrastructure,etc which provide good profit margin.

Initially, I was not happy with the company diversing into tech but looking at the world moving into Industrial 4.0, I think the company should give it a try.

But the news of the company moving upstream with the acquisition of Teluk Ramunia is a drawback for the company.
Almost all companies running this sector of biz are making huge losses.
I think Datuk Karim made a mistake in moving upstream.
I'm all out from this counter.

Yes, it's 2012.
Trying to respond to ChandraLim that the company's direction had shifted since 2012.
Harta is no longer looking at profit margin as compared to market share.

Its managing director Kuan Kam Hon said a right pricing is needed to increase the company’s market share. This would lead to compression in profit margins, but Hartalega’s earnings per share would grow, he added.

-------------------------------------------------------------------------------------
https://www.theedgemarkets.com/article/hartalega-prepares-reduce-profit-margin-market-share

AstraZeneca Plc and four European Union countries said they reached an agreement to distribute a coronavirus vaccine.
The Netherlands, Germany, France and Italy concluded a contract with the U.K. drugmaker to provide 300 million to 400 million doses of a possible vaccine in stages starting from the end of 2020, the Dutch government said in a statement on Saturday.
--------------------------------------------------------------------------------------
https://www.bloomberg.com/news/articles/2020-06-13/astrazeneca-reaches-vaccine-supply-deal-with-four-eu-nations

@Mk Jr

I believe is the near term(2020-2023) prospect for highway biz and property development is gloomy.

Initially, I also thought that the COvid-19 is here for a couple of months and would probably be gone by June/July.

Looking at the Covid-19 numbers, its likely to be here for next 12-24 months.

This will likely impact people's interest to spend time driving out for drinks on weekends, outings, less schooling for children,etc

Take a drive on weekends to Mont Kiara, Imbi, hot zones as examples, you don't see the usual crowd anymore.

Many people are losing jobs, pay cuts, MSS, etc,,,less people buying or investing in new property development except for upgraders.

So I guess this sums up the key points of the bosses letting go some of their share holdings.

But I believe after 2023, it should begin to gain traction again but may also head roadblock on GE in 2023.
---------------------------------------------------------------------------------
Posted by Mk Jr > Jun 13, 2020 12:07 PM | Report Abuse

why all of them selling at 1,992,300 share.

What message they want to convey here?

For those who had bought it earlier, would probably want to hold on to it.

For those interested to buy now, I would suggest wait for July for the short sell upliftment, there would be a better bargain when the short sellers are back.

@ GooShen

Some of us have been buying Penta since 2015 and our cost are below RM1 on average. I don't think if DowJones drop 10k, will bring Penta below RM1.
Though it drop more than 10k in Dowjones in March, Penta still above RM2 if I recalled.

It's a growth story for us, so go away.

Many good news from the company which is good to share the company's plans and direction.

Hopeful to see the news is materialised in form of increasing revenue and profitability.

Let's give them a timeline of next 12-mths to deliver their plans.

I've been in fintech biz for last 10 years myself and gestation period for their digital bank, cloud computing, e-kyc, AI thermal initiatives should bear fruit within 1 year.

Else meaning is word without action is purely to manipulate share price and nothing more.

@Seeyounoup

How can you compare the share price on its own?
It's not meaningful.

You should look at the market capitalisation which TG is trading at above USD10 billion currently.

By the way, retailers price listed on Amazon may have gone through many middle intermediaries. which cause the price of gloves sold much higher than the ones sold by TG to the wholeseller.

I guess you are new to the stock market and probably not a biz person.
--------------------------------------------------------------------------------------

Posted by Seeyounoup > Jun 12, 2020 5:05 PM | Report Abuse

Sold below RM 16 ? not even 4 USD for the world biggest glove manufacturer. go Amazon search how much per pack their glove is . OMG. What you guys want ? RM 1 stock price ah ? dont laugh by people ok bo . LOL . have a great weekend. ADIOS.

I believe the price is quite high at this moment despite the TP set by IBs of between RM17 to RM25.

It's probably achievable in the next couple of months and not in a week time.

May not be wise to buy now for those interested, might want to wait for month of July where the short sell restriction is lifted and may have some chances to buy lower when the short sellers are back.

At an annual general meeting held Tuesday, TSMC Chairman Mark Liu (劉德音) said the company has left its forecast for 2020 sales growth unchanged at 14-19 percent higher than a year earlier and expects to continue to benefit from solid demand for 5G applications and high performance computing (HPC) devices.

https://focustaiwan.tw/business/202006100017

According to the press release on Bursa, Topglove has surpass Harta as the world largest nitrile glove maker.

Great achievement. Salute.

@Holiao369

Good to know.
--------------------------------------------------------------------------------------

Posted by Holiao369 > Jun 10, 2020 5:41 PM | Report Abuse

I received called fromy friend work in top glove factory, this quarter profit is 150mil, the boss will give them bonus 1 month for battle covid 19.

@goreng_kaki

Can share the article?
------------------------------------------------------------------------------------
Posted by goreng_kaki > Jun 10, 2020 12:00 PM | Report Abuse

PBB give TP RM35, 100% upside

Any idea when Revenue will also have the similar security features like GHL MasterCard Tokenization for merchants

-------------------------------------------------------------------------------------
https://www.theedgemarkets.com/article/ghl-rolls-out-mastercard-tokenization-merchants

@20202023

Where do you get the ASP USD100?

---------------------------------------------------------------------------------

Posted by 20202023 > Jun 9, 2020 6:10 PM | Report Abuse

We all know ASP pre-covid 19 was USD20. Even if the average ASP in Q3 was USD25, now in Q4 is already USD 100 and above.

Last week, someone mentioned TP=RM28.

Never thought I could see someone calling TP=RM53 for Topglove.

I guess there would be someone calling TP=RM100 by end of June.

Do you know what you guys are saying?
---------------------------------------------------------------------------------------
Posted by Vitamin > Jun 8, 2020 10:39 PM | Report Abuse

The Best defensive stocks in this Covid-19 worst recession is "GLOVE/medical/PPE/healthcare companies that can withstand or seeing more prosperity. World No.1 gloves producer "TOP GLOVE" is the No.1 stock pick with forwarded bright earnings with TP RM 53.00

Yes. Agreed.

If putting in RM1 today and expecting to get RM2 tomorrow or next month, that is not investing. It's speculating or gambling, in hoping to make a quick gain in the shortest time possible.

Investing means to put in your hard earned money aside to grow while you continue with your day to day living. The expectation is to grow that portfolio for your children's education or future retirement funds. And investing is like buying a small portion of the biz and hoping with good foresight to see that the biz revenue of rm100mil patoday will grow into rm1 bil pa by the time you cash them out or it has reached it's peak. Investing doesn't put focus on share price as earnings grow, share price will reflect accordingly.

@ GooShen


If UWC is better than Penta, why are you still here.
Go over UWC and comment there.
------------------------------------------------------------------------------------
Posted by GooShen > Jun 5, 2020 5:02 PM | Report Abuse

Powerless. Uwc is a lot better than this.

It may sound impressive having license from NASA.

However, more than 20 companies worldwide are also getting the same license.

Doesn't sound niche.

Furthermore, based on the report, the design is made in a way the parts are easily accessible to ensure the ventilators are not complex and low cost.

If it's build for mass volume production at low cost, it most likely won't generate a good profit margin.

@Aramco

Well, whoever speaks rubbish will know their mouth stinks.

I well aware of all the IBs forecast and estimates.
And none of them put RM28 for their target.

Do you own math.

---------------------------------------------------------------------------------------
@newbie8080 did u do ur homework ,please lah newbie always anewbie boiboi
What not impossible latest IB forecast


TopGlove
As per MayBank IB Forecast 1st June, 3rd qtr(march,april n may) PAT will be 250+ millions will announce this June (could be more)
Coming 4th qtr (june,july n august) 650+ millions (Total FY20E net/PAT 1,135
Billion)
Next FY21A 1st qtr n following qtrs will be explosive due to deep price hike estimated at 1+ Billions per QTR

Note: Most Gloves producer have been price hike 5 to 15% every month ever since
CONVID 19 pandemic beginning March.
Why RM 28.00 not impossible,38,48 n so on also possible
Podah lah newbie

@Yu_and_Mee

what pe you allocated for topglove?

RM28 is impossible.


-----------------------------------------------------------------------------------

Posted by Yu_and_Mee > Jun 3, 2020 7:29 PM | Report Abuse

QR 18 Jun. After 18 Jun, price hit 20.00 like the Supermx trend after May QR.
QR Sep will give Topglove 28.00?

73B glove, 1pc up USD0.001 = 1QR Extra 78.84M net profit (assuming USD conversion 4.32)
If 1pc up USD0.002, then nearly 159M extra net profit. I scare to calculate.

This is the powerful of huge quantity with full capacity (15-20%) increase from previous.

@ bowman

Ironman's company is there as well.

--------------------------------------------------------------------------------------
Posted by bowman > Jun 2, 2020 11:13 AM | Report Abuse

Fundamental logic:

1) K1 only company in Malaysia given rights to distribute this.
2) This ventilator can be used in hospitals or customised for field response
3) Because it is US-approved (Nasa), it will by default be preferred by Chinese brands
4) This is a low cost, low maintenance device needed by most hospitals, even in poorest of countries. Parts are easily found too.

Read more about this ventilator named VITAL, here
https://scitechdaily.com/nasa-has-selected-8-us-manufacturers-to-make-...