Posted by super911 > 2024-02-21 10:11 | Report Abuse

Many has thought that China glove makers are doing very well, but in fact if you study their largest glove producer, Intco's financial result, you can see that even they themselves are barely making any profits although at a very high utilisation rate. This is because they are trying to suppress the opponent with cutting throat price and trying to win the market share this way. Therefore, now we are seeing who are the more efficient glove maker with good cost control. Sooner or later, ASP has to go up or else Intco themselves can continue to eat wind.

Posted by YourQuirkyWays29 > 2024-02-21 14:55 | Report Abuse

@super911 yes, preach!

Posted by KimSua > 2024-02-21 15:00 | Report Abuse

No worries if you plan to hold next 2 qtrs. Supermax is cost cannot beat Harta cost rationalision and people working there can tell you how prudent the company culture is. It is ramping very hard in the coming months. Good time to enter 2.50 -2.60

Posted by tradek > 2024-02-21 15:24 |

Post removed.Why?

Posted by TaiMeiLi > 2024-02-21 16:25 | Report Abuse

Harta's cash position is higher than Supermax now

Posted by YourQuirkyWays29 > 2024-02-22 14:06 | Report Abuse

@gaujiaksai hiiiiiii, good afternoon :) 2.3 when? xDDD

Posted by YourQuirkyWays29 > 2024-02-22 14:06 | Report Abuse

@Nutsucker harta penny stock when la whennnnn?

Posted by dawchok > 2024-02-22 16:40 | Report Abuse

Harta's gloves sale order is increasing as quite a significant number of buyers have come back to M'sia. Harta will show us a good set of qtr earning 3 months later.

Posted by TaiMeiLi > 2024-02-22 21:02 | Report Abuse

Nice rebound. Shorties burn their pants again? 😁

Posted by Gaussian > 2024-02-22 22:22 | Report Abuse

2.3 soon lol

Posted by YourQuirkyWays29 > 2024-02-23 10:19 | Report Abuse

xD joker lol

Posted by Gaussian > 2024-02-23 12:48 | Report Abuse

Price dropping. Who is supporting ? Lol

Posted by KimSua > 2024-02-23 15:29 | Report Abuse

Kossan report states the obviously consistent now, demand picking up ahead, gas price reduction impact in the coming qtrs. One time impairment cost else will be a great qtr.

Posted by YourQuirkyWays29 > 2024-02-26 10:34 | Report Abuse

@Gaujiaksai, drop to where? where is your 2.5/2.4/2.3?

Posted by TaiMeiLi > 2024-02-26 11:51 | Report Abuse

Mana ada drop wor ... Harta is moving up instead

Posted by TaiMeiLi > 2024-02-27 17:49 | Report Abuse

EGM next month. Who's going? 🙂
https://klse.i3investor.com/web/mktbzz/meeting-detail/15397_510295701

Posted by ChandranG > 2024-02-27 23:19 | Report Abuse

Expecting good news after the egm, hehe

Posted by ccpool > 2024-02-28 12:46 | Report Abuse

2.29-2.21

Posted by YourQuirkyWays29 > 2024-02-28 14:32 | Report Abuse

I thought the egm is just to announce share package for directors.

Posted by YourQuirkyWays29 > 2024-02-28 14:34 | Report Abuse

hi ccpool, how's your TA serving you in this counter? I believe we have some exchanges before when Harta is at below RM2. Believe in long term now? Harta is still recovering and already priced at rm2.5. RM4 should be achievable by 2025 :)

Posted by NatsukoMishima > 2024-02-28 15:44 | Report Abuse

🤣🤣🤣dreamer is still dreamer

Posted by YourQuirkyWays29 > 2024-02-28 15:59 | Report Abuse

at least im more accurate than you @Nutsucker, penny stock when? like dnex?

Posted by Gaussian > 2024-02-28 19:05 | Report Abuse

2.30 coming. Why so impatience ? lol

Posted by TaiMeiLi > 2024-02-28 21:00 | Report Abuse

Are you planning to pick it up at 2.30 there, Gaussian?

Posted by ccpool > 2024-02-28 21:25 | Report Abuse

Hi YourQuirkyWays29, My TA have served me very well indeed. Managed to get into most of the counter's low in 2022 and riding on since. Back to take profit and looking for good levels to trade.

Posted by Gaussian > 2024-02-29 09:09 | Report Abuse

Everyone just wait at 2.30. lol

Posted by YourQuirkyWays29 > 2024-02-29 09:53 | Report Abuse

@ccpool The 2.8 level seems great to take some profit in hindsight. But it is so marginal you would need huge volume to see noticeable gains. I'm not that pro so I'll just wait as usual.

I doubt we'll be seeing 2.3 levels again unless next QR sucks not for reason like red sea crisis which is relatively temporary. I do believe when we last chat at around 1.6 was the real bottom and hopelessness in the glove industry already.

Posted by KimSua > 2024-02-29 19:21 | Report Abuse

Time to slowly accumulate. The other sector that move early is not showing real sustainable profit in their qtrly. With glove cost efficiency drive the market now become more efficient then before. 3 to 6 month wait is not a concern. Utility. Travel oil n gas, telco all showing bad to so so results.

Posted by NatsukoMishima > 2024-03-01 07:52 | Report Abuse

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂🤣glove tard and 2020 dreamers are still the same !

Posted by ccpool > 2024-03-01 08:32 | Report Abuse

@YourQuirkyWays29 , 2.3-2.0 region is a key area to defend before any further upside. If level is lost, we might retest the 1.7x area. Just long and chill for now since we got in much lower. Shall see where the price wants to go and I'm ready for either way.

Posted by NatsukoMishima > 2024-03-01 10:45 | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/70843

Posted by NatsukoMishima > 2024-03-01 10:46 | Report Abuse

Sell harta all in vstecs can cover back all your losses in glove stock , ranhill also good !

Posted by TaiMeiLi > 2024-03-01 15:33 | Report Abuse

I won't sell lor since my average buying price of Harta is around RM1.55 there

Posted by YourQuirkyWays29 > 2024-03-01 17:05 | Report Abuse

@Nutsucker no one here is making losses except for you and your dnex.

Posted by Huangbk72 > 2024-03-03 16:44 | Report Abuse

https://www.caixinglobal.com/2023-11-10/intco-medical-technology-coltds-net-profit-dropped-467-in-first-three-quarters-of-2023-102131083.html

Intco financials are on the internet.. You can see the result.


Posted by TeoYeo > 51 seconds ago | Report Abuse

Let me ask a question. Are the Chinese glove companies that everyone has been talking about really making money from the glove business?

Posted by Huangbk72 > 2024-03-03 16:46 | Report Abuse

https://www.marketscreener.com/quote/stock/INTCO-MEDICAL-TECHNOLOGY--44486743/

Posted by TeoYeo > 2024-03-03 17:09 | Report Abuse

thank you for your answer

Posted by Huangbk72 > 2024-03-03 17:10 | Report Abuse

No issue Teo. Your welcomed

Posted by Gaussian > 2024-03-04 09:14 | Report Abuse

Dropping more. Where is YourQuirkyWays29? lol

Posted by YourQuirkyWays29 > 2024-03-04 10:47 | Report Abuse

Where is 2.3? its been 3 weeks. Almost 400 counters in Bursa is in red and you want come out kap siao? You are just another nutsucker, quoting price from the sky that will never reach. I dare you to short till 2.3 :)

Posted by TaiMeiLi > 2024-03-04 15:43 | Report Abuse

2.3?! I will average 'up' if really reach that price, hehe

Posted by YourQuirkyWays29 > 2024-03-04 17:27 | Report Abuse

Drop 3 sen 5 sen 10 sen then bising bising, wait till your 2.3 come first la, 2.4 also cannot come. I've seen worse, rm4 dropping to rm1.5, with oversupply in the market and china throwing prices. That didnt make me chicken out, this wont. If you're a chicken, go buy blue chip k and take your dividend. Wrong counter bro.

Posted by NatsukoMishima > 2024-03-04 21:38 | Report Abuse

Tanmeili dont be stubborn , swift to vstecs , ranhill u can cover back your losses in glove!

Posted by ChandranG > 2024-03-05 11:47 | Report Abuse

Which glove company was fined RM20,000 for causing water pollution ?? https://www.malaysiakini.com/news/698048

Posted by YourQuirkyWays29 > 2024-03-05 16:22 | Report Abuse

@Nutsucker no more promote dnex?

Posted by TaiMeiLi > 2024-03-05 16:52 | Report Abuse

I didn't lose money in Harta, Natsuko 😗

Posted by Gaussian > 2024-03-05 21:24 | Report Abuse

Going to 2.40 soon. lol

Posted by YourQuirkyWays29 > 2024-03-05 22:25 | Report Abuse

when is soon bro? no more 2.3?

Posted by Gaussian > 2024-03-06 12:37 | Report Abuse

Hahaha wait for 2.4 first. lol

Posted by KimSua > 2024-03-06 19:58 | Report Abuse

Very low volume downtrend. Can collect slowly. Accumulation /distribution ratio flat even with down trend.