All the other glove manufacturers also need to close down some of their production lines. Do what the Arabs in OPEC do. Get together and reduce production and force up the price of oil. By closing down inefficient plants they also save money. It is a win win situation. Harta's loss this year is mainly due to a non cash written down of the old plant. It is only a book loss. They are still cash flow positive and the write down is also a tax deduction. In order to recover the patient needs to take the bitter medicine. Forget 2023 but Harta will emerge in a stronger position in 2024.

Only EPF play nobody else can play. Up and down, buy and sell also EPF. God also EPF, devil also EPF. Everyone else can go to sleep.

They cannot short the stock forever, at some point in time they will have to start buying back and push the share price up again to make a profit. I hope the shorters will have reached that point now and start buying to push the price up and take profit.

It does look like EPF is shorting the market. The bulk of today's turnover is EPF disposing their shares. Right at the end whatever EPF is selling someone is buying and pushing the price up to close at Rm12.78 closing at the day's high. Hopefully buyers will continue to push tomorrow and punish the short sellers. New Year is just round the corner and I don't want to eat economy rice on New Year's day!!! I am sick of eating economy rice and nasi lemak kosong the last 3 months.

Is EPF shorting Harta?? They disposed 2.2 million shares in one day, surely that won't do the share price any good.

New Year very soon, Either eat big fat chicken or take whole family out to eat economy rice!!!

I don't understand why people are so worried about the vaccine. Even before the Covid19 pandemic gloves were selling very well since the AIDS/HIV infections. Even after the AIDS virus was contained the sale of gloves kept going up. So I think even if the Covid19 virus comes under control the sales of gloves will not fall.

Hopefully what is happening to GameStop will be a wakeup call to all the short sellers. Next week will be interesting, the fall of over 600 points in the Dow on Friday will be a drag on the KLSE and will dampen the recovery of the glove counters but I remain positive over the longer medium to long term. In the short term, I hope Harta will deliver a good start to the Chinese New Year. A quick recovery to around Rm15 for the CNY will be most encouraging.

This JP Morgan and Aminvest simply talk cock. Within a few days their forecast can change by a lot. I think they are simply pulling numbers out of their backsides and short selling the counter.

Short sellers taking a break. Will they be back?? I don't know. Maybe this is a dead cat bounce. Few more weeks to go before December quarter numbers will be announced and this is expected to be good profit numbers so short seller still have a bit of time to shake the tree for a few more fruits to drop and pick them up cheap ready for the rebound.

Witan, assuming you are right then the short seller JP Morgan had their ass kicked. So I assume now that the short sellers have died a natural death the share price will start to rebound. The only worry I have is EPF has now accumulated a lot of "cheap" shares. It is not a matter of if but when will EPF start to off load some of their shares to take profit??

I can understand the big boys playing games with short selling but I cannot understand why some small shareholders lending their shares to someone else for short selling. Sure they earn a fee for lending their shares but why would you lend your shares to someone to bring down your own share price down??? Isn't it like cutting your own throat for a small fee??

For all we know EPF would be one of the sellers in the last two days. We will find out by the end of this week because Bursa announcements are lagged by 2 or 3 days.

Some people very black heart see others lose money they laugh hahahaha. Beware of karma. They think can post here and laugh and karma won't find them. They are wrong. Black heart people will get their run of black luck soon.

I will hang on and wait for their December quarter's earnings. I expect a good earnings report and hopefully that will push the share price up a bit.

I think got some people think "wah, Harta $14 already so expensive cannot go up much more, don't buy." Then they look at Top Glove "Hey, only $7 so cheap, can easily go up more and for the same amount of money can buy more shares therefore must buy TG". I really believe a lot of Ah Sum and Ah Gong think like this.

Head and shoulders formation on the graph. What does that mean anyone??

Lots of news on Vaccines but many professional researchers are saying these vaccines are using methods NEVER been used before and advising caution. Their comments are generally about the use of RNA as opposed to DNA to get your immune system to produce antibodies. Using this method has never been done before. I am no expert but after listening to them I won't be lining up to be the first to get vaccinated.

The Dow Jones went up by more than 1,600 points in early morning trade but after reality check fell back and closed with a gain of just over 800 points. I think the glove sector will follow a similar pattern and should recover some of it's lose by the end of today.

So far it is only an interim analysis and had only demonstrated initial evidence of efficacy against #COVID19. Long Long way to go. No need to panic, can still make a lot of hay while the sun shine. Even if they do finally come out with a vaccine people will still buy gloves. When the AIDS/HIV virus came under control the demand for gloves did not fall. In fact it kept going up but at a slower pace. Todays fall is just knee jerk reaction. I think most of today's fall will be recovered in the coming weeks when all the hype goes away and reality comes back into the market.

Nothing exciting is going to happen until after the budget. If the budget goes through tomorrow without any trouble then there is a lot of catching up to do next week.

Almost everything is going sideways waiting for the US election result and of course our forth coming budget. I think the glove market will not be greatly affected which ever way things go. People will still need to buy medical gloves and any new comers will need time to catch up. I guess will have to wait a few more days for things to settle down.

Agong said no need to declare State of Emergency. So tomorrow the Bursa should improve. But still the political shit fight is not helping.

No bloody wonder the Bursa drop. That backdoor fella, Moo want to declare State of Emergency. His excuse was to fight Covid19 but many believe the real reason is he don't want to risk a snap election which he may lose. This sort of behaviour scare a lot of investors. Lucky the Kong told Moo to fcuk off. Plenty of laws already available to fight Covid19.

The underlaying concept of warrants is it is to be used as a risk management tool to protect against fluctuations in the price of the mother share. In other words fluctuations in the mother share price will effect the price of the warrant. BUT in the last few years it seems to have gone the other way. The warrant price seems to dictate the price of the mother share!!! The banks have issued huge amounts of warrants and they are in it to make money and they have a big war chest to manipulate the price of the mother share to suit their exposure in the warrant market to ensure they make a profit. We shall see come the beginning of November when some of the CW expire to see if the share price of Harta go up or not.

Looks like someone has set a road block at 19.00. I think for the next few days it will hover around this mark. The other news is every Tom, Dick and Harry wants to setup a glove making factory. First is Mah Sing and now Luster (5068). Thiew Na Singh so easy I also want to set one up!!!! This is a repeat of the Aids/HIV pandemic 30 years ago.....glove factories springing up all over the place. Harta was one of the very few that survived.

Getting closer to the release of September quarter results and plenty of speculations starting to surface about what the profit will be for the quarter. Some say it will be three times the June quarter profit. I won't enter into any speculation. I will believe it when I see it. The only thing that I will say is the September results will be better than the June result, by how much?? We will find out in the next few weeks.If the profit is very high then there is a possibility of a bonus issue. Currently Harta's Retain Earnings is not very big. Bonus issues can only be made if you have enough Retained Earnings to transfer to Capital Reserve. Every cloud has a silver lining, I think very soon it will be time for Harta to shine.

Bit of a struggle today to stay above 18.00. Rain or shine I am holding until the release of their September quarter results. Personally I think the chances of it going up is better than the chances of it going down.

It is a chicken and egg situation. Not sure which one is better, bonus issue before share buy back or the other way round. Top glove did a bonus issue before announcing a share buy back.

Finally after weeks it has broken out of the 17.50 roadblock. Good volume also. Hopefully it will test the 19.00 resistance by the end of this week.

Looks like hit the 17.50 roadblock again. This counter has been going sideways for a few weeks now building up a lot of pendup momentum. If it can breakout the price will shoot up very quickly. The big question is when it does breakout how high will the price go??? Personally I will be happy if it can touch between 19.00 to 20.00 before the end of October.

kokonn........Hartalega results are released on a quarterly basis usually in the months of February, May, August and November every year.

Big roadblock at 17.50. I think once we breakout this the counter will climb. Realistically I will be very happy if it can reach 19.00 by the end of this month. I am looking forward to the release of their September quarter results in November. I can only see good news. I heard from someone who works in their warehouse that they are very busy. What that means I will leave it to you guys to guess. I will remain quietly confident.

I mean volume is low because not many people panic sell. Those comments that only contain 1 word should be removed. Wasting everybody's time.

Only consolation is volume is low. I guess that means not people panic sell. I still believe it will be a good September quarter result and Harta will revisit previous highs in the next few weeks.

They should follow Trump's own advise and inject that fellow with disinfectant.

True......volume very low. Quite normal for Friday. But still better up on low volume than down on big volume....Hahahaha....joking only. Next few weeks will be very interesting already rumours flying around about September quarter results. Profit sure up but the BIG question is up by how much

Fear not. Between now and early October Harta should go up. I don't think can reach $24 but I do expect it to test the previous high of $20. Expectations of a rebound should put a floor limit to any downward price corrections.

Monday should be a good day. DJ up by more than 350 points. Usually this is a good sign. Also don't forget Harta AGM approved the share buy back. This is a good excuse for Kuan and Sons who have a shit load of shares to sell and turn some of their paper profits to real cash!! It is in their interest to push the share price up and use the Company money to buy some of their shares. Nothing wrong with this. It is legal and legit. If this turns out to be true it will not worry me because I am only going along for the ride. The only question I have is at what price do I sell my holdings??? I had already been bitten once when I did not sell at Rm20 hoping for a bonus issue. I will not make the same mistake again. It may go higher than Rm20 but this time a bird in the hand is better than two in the bush.

Buyers outnumber sellers. Therefore should close above $17.

Fingers and legs crossed it will break $17 today. I hope it will close at around $17.30. Somebody must have leaked some news about September quarter earnings. Normally good rumours and speculations will push up the share price. Then not surprising if the share price will drop when the speculations become official because no more anticipated good news to look forward to.

Market very slow. Volume down everywhere not just Harta. I think maybe October before we can see any big improvement when glove makers release their September quarter results. I expect another bumper harvest. At the moment a weak Dow Jones is dragging everything down.

GenuineInvester you are spot on. There is a lot of manipulation going on especially when individuals can own more than half the Company. Some big syndicates and funds are getting very pissed off with Harta. Trading warrants are always dangerous. The Banks are out to make money and someone has to lose. The small fellows have little chance against the big fellows.

Tomolo bloodbath, Dow Jones fall like durian.

Roadblock at Rm15. I guess if Harta want to do share buyback they will want to keep the price low. I think the share price can only breakout after they finish their share buy back. Only then can we see any real upward trend. This is what I think so just hold and wait for me.

My mother told me never to try and catch falling knives but I never listen. Now both my hands are cut to shreds. Cry also no tears.

The glove sector have gone up a lot in the last 6 months therefore it is not surprising to see a small wave can knock a few durians off the shelves. I think now is a good buying opportunity to pick up a few dead chickens but beware people have been known to get food poisoning by eating dead chickens. That is why I had only picked up just a few dead chickens and if they are no good I will only get a mild stomach ache.

The Kuan family have billions written off their personal fortune. But nobody is going to shed a tear for them. Many people got a long memory how he dilute existing shareholders with his ESOS and his off market share trading through his nominees.

Some people screaming Harta is rubbish but had they bought Harta shares 6 months ago Harta is their darling!!!

I have no doubt a bonus issue will be announced at the AGM. The only thing I am not sure off is whether it will be a 1:1 issue or a 2:1 issue. Harta is looking towards expanding and that needs money. So instead of rewarding investors with a nice big dividend it will keep the cash and issue bonus shares.