Blog: Gloves - ASP declined further after stabilisation for 3 months

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2 comment(s). Last comment by stockraider 2022-12-15 07:50

calvintaneng

56,638 posts

Posted by calvintaneng > 2022-12-15 00:33 | Report Abuse

Ghina glove glut and price war will hit all gloves badly and will hit harta hardest of all

why?

Answer:

Because Harta over committed it's Huge Rm7 BILLION EXPANSION NEAR THAI BORDER

ALL THE CASH WILL BE DEPLETED AND STILL NOT ENOUGH TILL INSOLVENCY

BETTER SELL ALL GLOVES AND ESPECIALLY MUST SELL HARTA

SURE DEATH AWAITS ALL STUBBORN ONES!!!


calvintaneng

49,043 posts

Posted by calvintaneng > 2 hours ago | Report Abuse

Harta now got a RM7 BILLION TICKING TIME BOMB ON ITS NECK

https://www.thesundaily.my/business/hartalega-buys-land-for-rm7-billion-expansion-in-kedah-YB7164991

Its One billion plus cash all used up still not enough till insolvency & KABOOM!

GONE CASE! GET OUT!!!

stockraider

31,556 posts

Posted by stockraider > 2022-12-15 07:50 | Report Abuse

The good news is that the selling prices will see improvement in 6 mths time....that is the timeframe for profit recovery loh!

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