Posted by samerkl > 2022-12-27 12:18 | Report Abuse

I wish to average down my holdings....hoping to grab some at 1.50s level

Posted by James_Bond > 2022-12-27 12:22 | Report Abuse

Collected another batch at 1.80! Cheers!

Posted by James_Bond > 2022-12-27 12:23 | Report Abuse

Must bring Harta up to above 2+…. Below 2 is way too cheap!

Posted by James_Bond > 2022-12-27 12:26 | Report Abuse

Harta is premium glove maker but share price trading at dirt cheap price… Yummy to scoop the cheap tickets while you still hv chance…

Posted by koidch > 2022-12-27 12:44 | Report Abuse

covid cases rise tremendously in China. it will soon deplete the glove stock level at all health centers & hospitals....Glove manufacturers will see re-order coming in .....

Posted by koidch > 2022-12-27 12:46 | Report Abuse

Hartalega 's NGC plant 5 started production...... plant utilization going up >50++%

Posted by fuyohpuyo > 2022-12-27 12:57 | Report Abuse

Harta & fellow glove are trending now... RM 2 by this week ...

Posted by koidch > 2022-12-27 12:58 | Report Abuse

Will harta be affected by electric tariff hike of rm0.20 /kwh from jan to jun 2023? the answer is very minimum ! if you use google map (satellite view) you will see harta 's NGC plant 3- 6 roof top fully with solar panel.... Gas price which to be reduced soon will benefit glove sector....

Posted by Endgame > 2022-12-27 12:58 | Report Abuse

Breaking news: Institutional funds buy in glove stocks

Posted by koidch > 2022-12-27 13:12 | Report Abuse

yes, fund flow shows local institutions started accumulating gloves.....especially harta & TG

Posted by IOI 1882 > 2022-12-27 13:38 | Report Abuse

so many promoter ~~~Can I get same job?

Posted by James_Bond > 2022-12-27 13:38 | Report Abuse

Traders who shorting glove shares need to buy back at the shares and return them to the broker. Personally could not see anymore bad news that could bring down glove shares anymore. Therefore, they need to change strategies by buying back glove shares at the moment. Otherwise, they will have narrower profit margins.

Happy New Year, Harta Shareholders! Cheers!

Posted by vinceAust > 2022-12-27 14:04 | Report Abuse

Short selling is a risky trade but can be profitable if executed correctly with the right information backing the trade. In a short sale transaction, a broker holding the shares is typically the one that benefits the most, because they can charge interest and commission on lending out the shares in their inventory.
People also get it wrong when they try to buy/sell shares by judging future market movements. Nobody can predict future market movements.
The question is, do you still believe those price target that provided by the stockbrokers?

Posted by James_Bond > 2022-12-27 15:05 | Report Abuse

Let’s me start the ball rolling again… bought another batch at 1.80… cheers!

Posted by Sslee > 2022-12-27 15:22 | Report Abuse

Gloves - ASP declined further after stabilisation for 3 months
Author: AmInvest | Publish date: Tue, 13 Dec 2022, 9:21 AM

Investment Highlights
ASP resume downtrend in Dec. Following relative average selling price (ASP) stabilisation over the past 3 months (SepNov 2022), we expect glove makers under our coverage to slip into or widen losses especially over the upcoming 2 quarters (ie. 4QCY22F and 1QCY23F) mainly due to further declines in ASP in Dec 2022, based on channel checks with glove makers recently. This is worsened by the elevated operating costs (opex), especially natural gas (YTD: +60-65%) and lower economies of scale as a result of sub-optimal plant utilisation rate. Nevertheless, we believe some price improvements could start in 2QCY23F, driven by customer replenishment cycle.
Stabilised ASP in Sep-Nov. From Hartalega’s result briefing in Nov 22, Hartalega guided that normal nitrile rubber medical glove ASP has stabilised at US$20/1K pcs for 3 consecutive months (Sep-Nov 22). Based on our recent checks, we gathered that the latest ASP in Dec 22 has dropped to the range of US$17-19/1K pcs, primarily because glove makers want to maintain their utilisation rates as customers compare prices against Chinese glove makers, who are quoting in the range of US$14-15/1K pcs.
Despite Malaysia’s medical rubber glove quality being superior to China’s, an 18-21% discount is attractive enough for end-customers to source from China, especially European customers who are less concerned on geopolitical risks such as the US-China trade war. All in, we believe that the continued declines in ASP and utilisation rate pose heightened risks that the inventory replenishment cycle could materialise later than 2QCY23F.

Overcapacity amid rising costs, heading towards losses. Continued intense competition among regional glove makers stemming from overcapacity and low demand has led to a downward ASP spiral from its peak in 2Q2021. Furthermore, rising operating costs (energy and labour costs) has driven the world largest glove maker, Top Glove, into its maiden loss since listing in 4QFY22. We expect Hartalega and Kossan will slip into losses in the coming 2 quarters (ie. 4QCY22F and 1QCY23F), whereas Top Glove will widen its losses in the coming 2 quarters, before improvements could earliest be seen in 2QCY23F onwards.

Posted by James_Bond > 2022-12-27 15:26 | Report Abuse

Watch this and you will get ENLIGHTENED!

https://youtu.be/yb09pNdZDio

Posted by jasmywatcher > 2022-12-27 15:30 | Report Abuse

finally glove is waking up ,,.

Posted by James_Bond > 2022-12-27 15:32 | Report Abuse

We are talking about world largest population get infected with Covid… the pandemic yet to over! Mutated variants soon coming to hit us again! ASP will raise once again! Cheers!

Posted by James_Bond > 2022-12-27 15:33 | Report Abuse

Come and join us on board on this ship rocketing to above 2+! Cheers!

Posted by James_Bond > 2022-12-27 15:37 | Report Abuse

WHO raised concerned on Covid infection in China… watch this and you will know you r holding the company of the future, way better than fixed deposit, to sail through the economic recession…

https://youtu.be/0zHEUrg3uCI

Posted by James_Bond > 2022-12-27 15:49 | Report Abuse

https://www.bloomberg.com/news/articles/2022-12-23/china-estimates-covid-surge-is-infecting-37-million-people-a-day?

At least two pairs of gloves usages per patient per day.

You do the maths, you will know the glove usage will be insanely high coming few months…

Posted by kl_guy > 2022-12-27 15:55 | Report Abuse

harta and top glove , short selling is very small. show that trend of moving up is strong.

Posted by riderblack > 2022-12-27 16:14 | Report Abuse

today cannt closed to 1.80

Posted by James_Bond > 2022-12-27 16:18 | Report Abuse

Harta Candle stick pattern is good to close above 1.8+. Cheers!

Posted by Sslee > 2022-12-27 16:32 | Report Abuse

Influenza mortality rate during the 2019-2020 flu season in the United States, by age group*
Characteristic Rate per 100,000 population
0-4 years 1.8
5-17 years 0.3
18-49 years 1.6
50-64 years 9.1
65+ years 22.1

Is current covid in China mortality rate higher than flu?

China very soon will acheived herd immunity. By now most likely 75% of city population already caught/recovered from covid.


“封控的长痛不如发烧3天的短痛，终于可以过正常日子了

“阳过”“阳康”挤爆旅游区

随着第一波冠病感染者康复，中国不少旅游热门地涌入人潮。

https://www.enanyang.my/node/518110

Posted by James_Bond > 2022-12-27 16:38 | Report Abuse

What a sour grape, Sslee…

Posted by James_Bond > 2022-12-27 16:41 | Report Abuse

Sslee, appreciate if you hv learnt your huge lesson (loss) in HengYuan before you start commenting about others…

Posted by Sslee > 2022-12-27 16:49 | Report Abuse

The latest changes to how China is classifying and responding to COVID19 is yet more indication that there will be no going back on the government's sudden and dramatic U-turn.

It hasn't even been three weeks since the announcement first came that the pandemic response was being "optimised", and it already feels like the vast majority of infrastructure and rules that governed China's incredibly strict zero COVID

People no longer need to scan into public venues with health codes, get regularly tested or head off to a quarantine facility when they catch it.

The result is that the virus has swept through this country. It is estimated to have already peaked in Beijing with well over 50% of people having become infected in the last few weeks.

In this context, restrictions governing international arrivals no longer made sense, and neither did classifying the response as category A. Dropping them is an very strong signal the government really is committed to reopening

Posted by Sslee > 2022-12-27 16:53 | Report Abuse

Need to forward looking if China totally open up what stocks in Bursa will benefit from China open up?

Posted by James_Bond > 2022-12-27 16:55 | Report Abuse

Sslee, appreciate if you could do more research on current Covid pandemic in China before you blast in the i3 forum. Value-seeking investors just laughing at your mediocre comments on world best premium glove producer, Hartalega!

Posted by KML889 > 2022-12-27 17:09 | Report Abuse

How convincing Harta this time

Posted by James_Bond > 2022-12-27 17:09 | Report Abuse

Sslee, go and hug your so called recovery theme…

Personally prefers to hold on to health care related companies in the midst of recession.

If you do the maths, understand fundamental analysis + technical analysis, you will know Harta is the best share to buy and hold at the moment. Looking high and low of harta candlestick chart, you certainly will not want to miss the GEM during the Covid wave happening in China.

TQVM for Sslee, mediocre view.

Posted by Sslee > 2022-12-27 17:10 | Report Abuse

14/12/2022 1.59 1.39 -0.20 (12.58%) SELL KENANGA
09/11/2022 2.06 1.47 -0.59 (28.64%) SELL RHB-OSK
09/11/2022 2.07 1.69 -0.38 (18.36%) SELL MalaccaSecurities
09/11/2022 2.06 1.54 -0.52 (25.24%) SELL KENANGA
09/11/2022 2.06 1.94 -0.12 (5.83%) HOLD JF APEX
09/11/2022 2.06 1.48 -0.58 (28.16%) SELL HLG
09/11/2022 2.06 1.70 -0.36 (17.48%) SELL BIMB

Is someone saying Value-seeking investors just laughing at IB analyst report on world best premium glove producer, Hartalega?

Why not these Value-seeking investors wrote to rebutt the IB analyst report as what I did with Kenanga analyst report on Petron Malaysia?

Posted by Sslee > 2022-12-27 17:14 | Report Abuse

Strengthening RM bane to glove makers, impact differs among players. MYR has strengthened against US$ by 7%- 8% since early Nov 2022. This will be detrimental to export-oriented glove makers, as >90% of their revenue is denominated in US$. However, the impact on glove makers varies according to the magnitude of hedging arrangements. Based on our estimates, for every 10% strengthening of MYR against US$, the impact on FY23F core earnings will be 0.5%-1.0% for Hartalega, 1.3%-1.5% for Kossan and 11%-13% for Top Glove. The minimal impact to Hartalega and Kossan were mainly due to these 2 glove makers having hedged most of their foreign exposures while Top Glove does not.

Lowered earnings and fair values. Given lower ASP expectations, we cut the fair value (FV) for Hartalega Holdings (Hartalega) to RM1.59/share (from RM1.87/share) from reduced FY23F-25F earnings by 15%/41%/39% with lower ASP assumptions, after learning that product mix in the upcoming quarters would feature lower ASPs. The FV, which incorporates a 3% premium to reflect our unchanged ESG rating of 4 stars, is based on FY24F PE of 26x, at parity to its 10-year average.

Likewise, we reduce Kossan Rubber Industries’ (Kossan) FV to RM1.00/share (from RM1.19/share) from reduced FY23F- 25F earnings by 17%/4%/4% and based on FY23F PE of 17x, at parity to its 10-year average. There is no ESG-related adjustment based on our 3-star rating.

We maintain Top Glove’s FV of RM0.60/share which is based on more conservative ASP assumptions when the results were announced earlier in September amid still declining glove prices.
We reiterate our NEUTRAL stance on the glove sector with SELL call for Top Glove and HOLDs for Hartalega and Kossan given the continuing supply-demand imbalance over the next 2 quarters.


Source: AmInvest Research - 13 Dec 2022

Posted by James_Bond > 2022-12-27 17:17 | Report Abuse

Following IB recommendation to buy is the silliest way of investing in KLSE. Oh my goodness SsLee. Please go and look at your mistake before you comment again. Don’t be a laughter to i3 users.

Posted by Sslee > 2022-12-27 17:25 | Report Abuse

https://tradingeconomics.com/commodities
You can view the world comodities price movement to know what the investing communities view on China open up and no U turn back to zero covid policy.

Posted by Endgame > 2022-12-27 17:27 | Report Abuse

Breaking news: China facing shortage of medical glove due to rising usage of hospital and inventory at very critical level. China government urged to stop export the glove to oversea, all medical glove must priority to supply to local demand. ASP must in the reasonable increased, no burden to the hospital.

Posted by stockraider > 2022-12-27 17:29 | Report Abuse

Sifu sslee foray into harta make sense mah!

Reasons as follows loh;

1. At rm 1,80 looks attractively price loh!......this entry cost is cheaper than Philip entry cost mah!.
2. Remember Harta has been to Rm 20.00 b4 mah.....thus recovery & rerating of this harta at Rm 3.50 to Rm 4.50 is not demanding mah!
3. Harta is well manage & the leader gloves industry loh!
4. Harta trade at reasonable good valuation & pays reasonable div.
5. It is cash rich & sitting on few billions, very resilence mah!

Posted by vinceAust > 2022-12-27 17:30 | Report Abuse

Focus on the long game!
Nobody can be right all the time and nobody can be wrong all the time. Each investor should know whose research report is accurate most of the times.
By the way, there's always a disclosures and disclaimer statement at the end of the research report... please read thru' it carefully if you know what I mean...

Posted by James_Bond > 2022-12-27 17:30 | Report Abuse

Do you know how much cash Hartalega is holding at the moment?!

Do you know how many glove innovations and patents that Hartalega are holding at the moment?!

Do you know Harta supplying premium gloves to hospitals in US and NHS, UK? That’s the quality of glove and profit margin that we are talking about… the strong US and UK customers making Harta, the world leading premium glove maker that we are treasuring…

Please check before you leave your mediocre comment here.

TQVM.

Posted by Sslee > 2022-12-27 17:36 | Report Abuse

Endgame.
Nice try on the breaking news.

Posted by Sslee > 2022-12-27 17:49 | Report Abuse

Stockraider,
You can buy Tesla at USD 123 per share, this entry cost is many times cheaper than Philip entry cost mah!.

Posted by ChloeCheong > 2022-12-27 18:43 | Report Abuse

Nice! Congratulation for those who entered at RM1.60 there

Posted by Sslee > 2022-12-27 18:47 | Report Abuse

James_Bond,
No offence mean. I do not know how many glove innovations and patents that Hartalega are holding at the moment. Can you enlighten me?

Posted by James_Bond > 2022-12-27 19:01 | Report Abuse

Sslee, please go and read yourself in Hartalega website or you could call or email Hartalega investor relation contact.

Appreciate if you could please stop the brainless statements.

Thank you very much.

Posted by ChloeCheong > 2022-12-27 19:20 | Report Abuse

Can't compare Tech companies with glove maker companies, dude

Posted by AnwarKawKaw > 2022-12-27 19:41 | Report Abuse

Besok limit up kahkahkah

Posted by James_Bond > 2022-12-27 20:18 | Report Abuse

We will be seeing above 2+ tomorrow hopefully. Hold your Harta ticket tight, candlestick chart showing huge upside momentum without much resistance based on volume profile analysis. Thank you very much for your trust. Loving you all. Happy New Year 2023!

Best wishes,
-James_Bond-

Posted by stockraider > 2022-12-27 21:49 | Report Abuse

This sslee overlooked harta treasure loh!
Veli silly this sslee loh!

Reasons as follows loh;

1. At rm 1,80 looks attractively price loh!......this entry cost is cheaper than Philip entry cost mah!.
2. Remember Harta has been to Rm 20.00 b4 mah.....thus recovery & rerating of this harta at Rm 3.50 to Rm 4.50 is not demanding mah!
3. Harta is well manage & the leader gloves industry loh!
4. Harta trade at reasonable good valuation & pays reasonable div.
5. It is cash rich & sitting on few billions, very resilence mah!

Posted by James_Bond > 2022-12-28 08:17 | Report Abuse

Do watch the video below. You would agree with me that it is COVID TSUNAMI happening in China, not merely infection.

Harta will definitely get huge incoming orders, not from China, but also the rest of the countries to pile up the glove reserve to get ready for another potential Covid crisis happening.

Happy New Year 2023!

Best wishes,
-James_Bond-

https://youtu.be/mpa9DoJBCr4