Philip, why did you close trade on choobee when in a later post, you mentioned that steel makes will have a field day?

more likely 24-26 cents range, above 30 cents is like more than 50% profit increase which looks unlikely for coming quarter announcement.

30 cents maybe Q2 next year.

ooo....sifu philip is in this counter....interesting....

Sslee

You wrote :
"...but there is a certain limit or red line of exploitation and profiteer behaviors that we should be ashamed of."

In a capitalistic society, there is no need to be ashamed of profits as long as the markets are willing to pay for it. The holy grail of business owners when the business dictates the price not the market.

The social media company stocks, margin consistently high all these while, yet still exploiting every possible avenue of monetising user data....

The big software companies like microsoft where their products pretty much becomes a basic need for society to function, do check their margins also...

apple, quite a scorn to a significant portion of people, and i don't deny they have certain unique selling point, but see their sky high margins compare to their main contractors'....do they feel ashamed to try to squeeze them a little more or give them a little more slack so they can pay their workers better/provide better working environment? No...the bidding is a race to the bottom...and how long have apple been doing this?

More recently, pfizer/moderna, taking in so much public money to develop an effective vaccine, yet still have the balls to sell at quite a significant margin despite the "volume discounts"...or why not they share the patent freely, or charge just a small nominal cost for other producers to produce the vaccine? After all, the world genuinely needs the vaccines so desperately while there are plenty of vaccine facilities in the world that can add to the supply and distribution of the vaccines. Why keep it to themselves when every extra dose could have the potential to save 1 life? Do they feel ashamed? I would say absolutely, NO
Extra reading :
https://www.nytimes.com/2020/12/17/opinion/covid-vaccine-big-pharma.html

To answer your question, as long as the company can command it, they will charge it despite the anguish/chagrin of many. Their previous normalised margin for glove makes are not a benchmark of what they should be charging now.

going to be range bound 14-15 for some time....nevermind, wait till next quarter announcement, sure got better action since better profit outlook and dividend yield seekers/funds paying even more attention...

the industry silterra is in requires constant capital upgrades, has been loss making since beginning till now, cannot create momentum among clients with better products/margins, don't expect dnex can do a time engineering on this....

malaysia is way behind the curve when it comes to such semiconductor wafer pure play.

really better to just let someone who has real capacity and capability to fully utilise and hopefully upgrade the equipment while keeping the operations running locally....at least local supporting industries can benefit more than current situation of silterra...

crazy playing contra with this counter, just no one bidding the price up....

maybe near next quarter dividend announcement, then price got better movement....

if the glove makes give out clear dividend guidance, those yield seeking funds will chase it...the higher the special dividend, the more they chase as there is a solid yield value % that can be benchmarked against....

whatever the fluctuation, the fact is that the price did manage to touch last year closing....

got good feeling can at least close this year near last year's price level...but with better future looking financial performance...

just wait a bit till news of moderna vaccine approval out....let all the bad news reflect first.....

but still quite good entry now for those wanting to risk it...

come back after moderna vaccine approval sell down....

employee have to pay money to get esos, if they think company no prospects in future, you think they will exercise esos at such high volumes?

not yet, next wave come next year...

my rm16 by year end seem less likely now as most volumes goreng penny stocks...

come back after moderna vaccine approval, no more major vaccine for sell down.

those that rubbishes mr. kuan for the stock performance in such a short term duration really speculative player...just sell out and go play at those hot trending penny stocks, you can get your hundreds or thousands % return in one months there, not here....if you don't know your investing preference, take your time out of the market and contemplate a while before coming back in...

open up the chart for multiyear period and see how it performs, you think mr kuan is shit ceo?

remember, hartalega was the pioneer that made light weight nitrile gloves almost the gold standard for glove....not some foreign company, but this very malaysian company although this fact not well known to many....

remember, hartalega has the highest proportion of funds devoted to R&D compared to it's peers, they are continuing to solidify their future base even despite very strong peer competition....

remember that hartalega is the most efficient among all glove makers, they clock the highest piece production per line per hour n the industry...their efficiency is the benchmark of all here and internationally...

remember, taking away covid period, their average margin is the highest....go study their past financial against the other top 3....that means their product has premium factor....

remember, their management team is not short term sighted, proven by their willingness to not take advantage too much on asp increase...hartalega also has the one of the best worker accommodation, even our government specifically acknowledges them....they don't anyhow take on debt....they don't anyhow do M&A....

remember, hartalega has been continuously giving out dividends at around 60-65% payout rate...

remember, they have low cost anti microbial gloves that will bring this company to a whole new industry gold standard for medical gloves....now just pending FDA approval for wider future deployment....

remember, this company has consistently higher PE, that means they have strong differentiation compared to their peers in the eyes of investing community....

i have contacts that worked there, it is really different.....

anyone want to add on?

cukup for today.....don't spike up so much.....

if by year end can rm16, i very happy already....slow slow steady rise better than sudden spike...don't want to much speculative gyrations like yesterday...

as always, nice analysis by you :)

so how much weightage are you holding this counter against your overall portfolio?

government already officially announce regulation and new hs code to the media already regarding vape liquids duties and the other related restrictions tabled in budget starting 01/01/2021....

government one liao....matter of time before the revenues start flowing in...maybe not this coming quarter announcement but surely will see some uptick for Q12021 financial reporting...

tomorrow likely red again...hopefully can close small red

i envy for those that manage to get at 13.60

wakao....don't say BAT partially become vaccine rotation play....

not really related mah....belum approve pun, not much news on their tobacco related vaccine either....

their management should start giving out hints that will give special cash dividend, this will attract funds that want the dividend yield....

rotation out of vaccine and O&G.....don't know how long this rotation play will last....

good news to glove stock holders though :)

correction good....if not overheat....

just take note, this counter pure sentiment play, the fundamental not there....

it just track glove counters, correlation quite significant...just be very careful....

mainly goreng play here, set your stop loss properly when playing with this counter.

i'm already out since my entry price is 40c....experienced seeing paper profit of 100k just on this counter alone but see it also vanish very quickly....

again, be careful, but returns can be high...just don't bet the majority of your holdings here....

today slow down a bit...nice....don't overheat....

wa....heavy buying, top $ gainer for today

er...what are you implying?

not enough cash to buy mother anymore, spare change i masuk c3

wa....chart topping gain by value.....i makan my words again....

one of the reason for sell down is the weird share dividend ratio, either have to buy/sell quite a chunk to get standard 100 share entitlement lot...if not, will be holding odd lots which is a hassle and harder to sell.

one needs to hold blocks of 4500 shares for each 100 share entitlement. If just few hundred shares short, easy to top up, but if not enough cash, need to sell to the nearest 4500 share block. How many small retailers has close to 4000 shares at this point?

since most retail holder have limited cash to up their holdings, there would be more sell than buy to meet this share dividend exercise.

usually, 7 trading days green without a breather, must close red a bit, if not too bullish, correction will be harsh...

weirdly to say, i wish monday small red or next whole week range bound before continuing uptrend.

slow slow go up better than rocket up with too much retail chasing...

wa....i gotta eat my words.....

i thought today close small red or flattish...mana tau lagi tinggi :P

i masuk warrant

wa....who suddenly buy in so much?

triple dipper didn't materialise till now?

@EdwinYap86

my last paragraph is a general statement, not saying that a lot of fundswill flow to supermax and pump up for sure....

when liquidity awash, generally good for stock market, a lot of counters will start moving and a lot more can goreng for no reason....

first of all, inclusion into klci index only during 21/12/2020, still 2 weeks to go....

unlikely funds want to do rebalancing now as they will do one very near year end anyway....

2nd, foreign funds are really averse towards malaysia now no thanks to our shitty political landscape that just creates too many negative surprises....hence they rather hold mercator than all the big 4 here (even despite malaysia is the de facto leader of glove)...only foreign funds can bring big price velocity for high cap counters, local funds have limited scale to do that.

foreign funds now prefer our vietnamese and indonesian neighbours, more positive prospects and welcoming government policies, unlike us still cannot resolve old problems and rather love to recycling it....

our bench of old leaders also not a nice sight....if they are smart with integrity, still ok....but we know what kind of low class standards they are....

the only good news is the i-sinar withdrawal programme, could really inject in another load of retail liquidity mid feb till Q2....so fingers crossed by then that ASP don't slide....

to be objective, unlikely that their vaccine revenue will flow into BAT malaysia's books...

ours purely tobacco and vape revenue....

unless someday malaysia entity selected by their HQ to sell their (if approved) vaccine for this region.

tomorrow possible red, but likely a small red....or close flat

if lagi green, ho seh liao.....

possible share spilt during next quarter's announcement?

if continue the trajectory like this, next year can masuk index....

good heavens!

didn't realise the explosivity of this counter....

contemplating whether want in now or wait a little while for some correction....

wow....beyond my expectations of +25c

no buyers beyond 12.06 for today, tomorrow hopefully can gain another 25c.

topglove, you should've just shut up....

yes, it does feel unfair, but what was found was found, no denying it.

just do your job to settle the issue; humbly consult hartalega how they did it to even receive commendation as one of the best.

Don't put any hopes on the politicians big talks.....the policy is what matters most for now and it is beneficial for BAT....

The only risk for this counter being the government/customs talk big, but close eye/makan suap....

But it really can't go any lower than 10 anymore other than totally ban smoking...

i'm in!

50 overkill la....doubling is extremely likely....

at the moment, until their glove production confirm start, don't chase above 20c.

really don't know how smooth their ramp up will be, sure got teething issues when starting new line, even more so considering for AT, a completely different operations from what they specialise in.