Posted by monetary > 2024-05-31 12:05 | Report Abuse

That square head was the 1st who jump up & called me joker. And he claims to be happy with tons of paper gain. Lol!

Posted by Sslee > 2024-05-31 12:38 | Report Abuse

Philip my UM senior hold a lot of Harta and others.
But do you think the book gain in his portfolio or money in his bank account his?
Who will inherit the money when his time is up in this world?

So book gain or money in bank is just a figure and in theory it is not your unless you spend all the money.

Posted by monetary > 2024-05-31 13:05 | Report Abuse

I nvr tag others. If u tag me I respond lar. So don't say I attack u. It's self defense.

Posted by YourQuirkyWays29 > 2024-05-31 14:11 | Report Abuse

xD keep going, I call you joker just because you are throwing prices around. Nobody has crystal ball, even IB's TP cannot pakai. And one random retailer going around throw TP out there asking ppl to buy/sell? That's a joker move, for me. You can call me whatever you want, feel free.

Even if I hold harta and believe in it, I have never ask anyone to buy. I even caution ppl when they are fomo-ing and chasing high. Keep a level head.

Who is emotional? You are. I'm enjoying myself reading your comments. Keep going, keep throwing insults. :)

Posted by monetary > 2024-05-31 14:33 | Report Abuse

Yes. Must read what i write. Don't stick to your foolish 2026 tariff analysis.

Posted by YourQuirkyWays29 > 2024-05-31 15:14 | Report Abuse

@Monetary I'm bullish on Harta since before tariff announcement, I believe in the capability of the management among glove industry players in combination with the overall growth potential of the glove industry.

I do not buy the theory that China will ALWAYS have lower cost and take ALL the market share and Malaysian glove companies will die.

With both of that in mind, tariff hike or no tariff hike, I will continue to hold Harta. I am not good at estimating and predicting an exact price at a specific point of time, and I'm confident that no one will ever be good at it, if you got it right, its pure luck. Anything can happen at anytime, and as I said before, a counter can stay "overpriced" or "underpriced" for a very very long time.

If you believe in the company, INVEST. If you don't, go somewhere else. That's my own 2 cents. If you have the time and want to trade all day, go ahead. To me, that's pure speculation and gambling. Good luck if you manage to catch those that bought at 3.8 and sold at 3.2, but that person is not me.

Cheers.

Posted by Sslee > 2024-05-31 15:30 | Report Abuse

Cost:
Raw material cost
Utility cost
Manpower cost
Logistics, shipment and marketing cost
Depreciation cost
Tax/duty cost

So compare the above cost what Malaysia glove manufacturers have advantage over China?

Posted by YourQuirkyWays29 > 2024-05-31 15:36 | Report Abuse

@sslee experience in running the biz, not everything is so transparent.

Posted by monetary > 2024-05-31 16:34 | Report Abuse

Annjoo Masteel LionInd. Are they experienced steel players? How are well are they buffered from China steel dumping? Even the most hi tech Tesla knock out by BYD. What magic do these rubber glove makers have? Next 2 months market will be like red carpet. I don't keep rubber glove in my safety box. I keep cash. G luck!

Posted by YourQuirkyWays29 > 2024-05-31 17:42 | Report Abuse

I'm sorry but I do not have the time to research steel industry. Only time will tell then, anyway I have more than good enough buffer to be wrong. And I will be rewarded soundly if I'm right. :)

Posted by NatsukoMishima > 2024-06-01 11:07 | Report Abuse

@
TaiMeiLi

214 posts

Posted by TaiMeiLi > 1 day ago | Report Abuse

Can keep this Harta in the safe. The time you open it, it will be RM5 alrdy 🤗

____________
Vstecs , ranhill , swift haulage , dnex , iwcity all for you to earn huge gains , malaysia glove business is sunset past tense already , this is 2024 not 2020 ,wake up !

Posted by JovaneChua > 2024-06-01 19:58 | Report Abuse

HARTA is a great company, with great long term plan. Very great. below RM 5 is too worth it, RM 6 is fair.

Posted by Chipee > 2024-06-02 17:37 | Report Abuse

Aiyoh... then why you cry father, cry mother here... Go buy China shares... Correct or not?

monetary

Annjoo Masteel LionInd. Are they experienced steel players? How are well are they buffered from China steel dumping? Even the most hi tech Tesla knock out by BYD. What magic do these rubber glove makers have? Next 2 months market will be like red carpet. I don't keep rubber glove in my safety box. I keep cash. G luck!

Posted by Chipee > 2024-06-02 18:15 | Report Abuse

China protect their own market (Second largest in the world) for themselves. So they have the second largest market (guaranteed) plus the world to sell. Their economy of scale is supported by their advantage of China's own market. Only foreign goods that can sell in China are BRANDED products.

Then Xi Jinping made a crazier move ... ways and means to remove production of foreign brands from Korea and Japan in China, thinking their labour advantage is for China to enjoy only. That's why Korean and Japanese FDI move out from China. Suddenly, Emperor Xi realised, many Chinese people start losing jobs due to Korean and Japanese closing shops.

If you think US, Europe, Japan and Korea will allow this unfair trade method, then think again.
EU proposing to add tariff on China EV. US is increasing tariff on variety of China products. The narrative now is against China. Tariff on China for unfair trade. There's more tariff to come for China. President from Germany and France visited Xi Jinping hoping to resolve with diplomatic means but I think it'll never work. Xi JInPing is full of himself.

WTO now will have to change their name to WTO-ExChina ... Why do you think Japan shares shoot up like crazy? Even Warren Buffet buys into Japan market. 😁😂🤣

Posted by Chipee > 2024-06-02 18:44 | Report Abuse

INTCO Medical Q1 result ... 238,198 million profit ... wah so good right?

So here are the numbers:
Operating Profit: 176,603
Interest Expense: -58,425
Tax Expense: -51,793
Net Profit: 66,385 🤔

Wah lau ... where did the 171,813 million profit come from? Hahaha
Who did their accounting? David Copperfield ka? 😂😂😂

Posted by Chipee > 2024-06-02 19:54 | Report Abuse

@Sslee
So compare the above cost what Malaysia glove manufacturers have advantage over China?

Cost:
Raw material cost (SAME)
- Same cost ..but China quality lesser bcoz thinner gloves. Reject by US & Euro standard. So if they make with equal quality to Msia, their cost is the same.

Utility cost (China Advantage )
- China use coal (cheaper). Msia use Natural Gas (NG). But it's not like China burn coal right under the melting latex. It is coal burning to convert to electricity to melt the latex or nbr. So probably comes to be almost equal. Msia just burn NG under the melting latex like a stove.

Manpower cost (China Advantage )
-China manpower power advantage is reduced by automation. China is still slightly advantageous but negligible. Volume game reduce the advantage. One man press button to produce thousands of gloves.

Logistics, shipment and marketing cost (Malaysia advantage)
- Malaysia is closer to US and Europe market. Lesser travel distance. But with volume game, it is probably negligible.

Depreciation cost (SAME)
Tax/duty cost (SAME)

If we add all this up, plus and minus .. it comes out about the same. BUT .... It's big BUT(t)

Economy of scale... TopGlove is still the biggest producer in the WORLD. And TopGlove is losing money. Meaning overhead cost is killing profit. CHINA ZERO-COVID LOCKDOWN is over since end 2022. China extraordinary glove demand is dead. There may even be oversupply in China. TopGlove close their production in China. Meaning China gloves companies are starting to lose money too. If China maintain their production capacity, they get themselves wiped out. China has to reduce overhead cost (production) and ASP improve. China gloves has to go through what Msia gloves went through. This is just economic sense.

KENANGA said China will keep selling cheap and maintain production to eliminate competition. I disagree. China does not have the backing of China demand to do that. China is oversupply.

US-CHina rivalry .... Msia advantage.

Posted by JovaneChua > 2024-06-02 20:09 | Report Abuse

Hartalega will remain relevant and stable in the next 10 years. When everything else crashes, Harta will still be standing with solid management and solid cash pile.

Posted by JovaneChua > 2024-06-02 21:27 | Report Abuse

let history speaks, I was right, and I will be right again this week.

Posted by xiaoeh > 2024-06-02 21:30 | Report Abuse

Good sharing Chipee

Posted by monetary > 2024-06-02 21:39 | Report Abuse

6 latest analyst reports after Qr

1. TA TP 4.08 valuation method P/B
2. RHB TP 4.1 valuation method DCF
3. PBank TP 2.01 valuation method P/B
4. Kenaga TP 2.33 valuation method P/B
5. BIMB TP 2.6 valuation method 27xPE
6. AmInvest TP 3.14 valuation method 30xPE

Out of 6 only 2 used PE. The PE values are much lower than it's normal PE of 38 - 40. The rest no longer focus on its earning but put more weight on its BV.

You make your own conclusions

Posted by monetary > 2024-06-02 21:42 | Report Abuse

Something great in the past doesn't mean will continue to be great in the future. Howeve, the opportunity to make money is always available for traders. So don't tell ppl to leave or buy other countries' stocks.

Posted by monetary > 2024-06-02 21:45 | Report Abuse

With the latest Qr of operating loss, I m skeptical if the immediate support 3.05 will hold. I put a small portion of money there. If broken i will not hesitate to cut small loss.

Posted by monetary > 2024-06-02 21:48 | Report Abuse

Oh. Tomorrow no market. Why I came here? Lol! G night.

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

Posted by monetary > 16 minutes ago | Report Abuse
Oh. Tomorrow no market. Why I came here? Lol! G night.

thing doesn't happen by chance
that must be a reason why u are here at this moment even if u know u shouldn't....

Posted by JovaneChua > 2024-06-02 23:49 | Report Abuse

the bottom is reached, upwards and forward tmr onwards.

Posted by Chipee > 2024-06-03 08:56 | Report Abuse

Observe other markets today. If it goes up, maybe KLSE will go up too.

Posted by Sslee > 2024-06-03 08:57 | Report Abuse

Still BUY. Post-earnings adjustment, we raise our TP to MYR4.10. Our DCF- derived TP implies 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x.

So RHB got the foresight to give 28x FY27F P/E?

Posted by xiaoeh > 2024-06-03 09:25 | Report Abuse

Sslee sifu
what do u think abt glove stocks?
which glove stock catch your eye if u were to buy?

Posted by Sslee > 2024-06-03 09:37 | Report Abuse

I am here just teasing my senior Philip to sell his Harta and Pchem.

Posted by Sslee > 2024-06-03 09:42 | Report Abuse

Repost:
Posted by Sslee > May 16, 2024 7:13 AM | Report Abuse X

Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.

Philip know it, market over react to US tariff increase for glove from 7.5% to 25 % starting 2026.

So what will be the profit look like for Harta? Is the price surge sustainable with the profit growth?

Philip know what will be the profit look like to his Harta and Pchem. If he is smart as he claim, he should take some profit off the table

Posted by xiaoeh > 2024-06-03 09:42 | Report Abuse

oic...
btw
will u consider buying glove stocks?

Posted by Sslee > 2024-06-03 09:46 | Report Abuse

Maybe kossan. Kossan at least use some of the cash to venture out from glove.

Posted by xiaoeh > 2024-06-03 09:53 | Report Abuse

noted and thanks Sslee sifu

Posted by monetary > 2024-06-03 16:18 | Report Abuse

Mr Sslee. This is how I interpret RHB report. Their valuation is based on DCF. The outcome implied 28xFY27 FPE which they think is reasonable. What bothering me is that all analysts have normalised Harta PE. No more premium PE for Harta over it's peers?

Posted by monetary > 2024-06-03 16:26 | Report Abuse

Is it possible analysts realise glove is too cyclical, no business moat, low entry barrier, vulnerable to China dumping so they slashed Harta premium PE?

Posted by monetary > 2024-06-03 16:53 | Report Abuse

At TP 4.1, the eps corresponds to PE28 is 14cent or 501mil PAT in FY2027. Very good earning. Unfortunately, the analysts slash it's valuation.

Posted by JovaneChua > 2024-06-03 17:10 | Report Abuse

trump will win again and the tariffs will arrive much earlier.

Posted by monetary > 2024-06-03 17:19 | Report Abuse

There's another analysis in stick market which has very low success rate. It's HOPE analysis. Lol!

Posted by JovaneChua > 2024-06-03 17:21 | Report Abuse

there is also another analysis in the stock market which has 0 success rate. arrogant sendiri syok analysis. LOL...

Posted by JovaneChua > 2024-06-03 17:22 | Report Abuse

anyways, it will go up tomorrow. green Tuesday.

Posted by monetary > 2024-06-04 07:30 | Report Abuse

Antie Chua. Many ppl tag me. So I don't think I syok sendiri. If no one tag me I will be quietly waiting for my cheap Harta ticket. Hope your green Tue comes true.

Posted by Sslee > 2024-06-04 08:16 | Report Abuse

Sometime people need to know and accept that the good old day is gone and be brave enough to venture out of his comfort zone.

Posted by NatsukoMishima > 2024-06-04 13:36 | Report Abuse

Chow yun fatt is a smart investor no dreamer in 2020!

Posted by TaiMeiLi > 2024-06-04 16:51 | Report Abuse

I don't expect Harta will act like it did during the COVID period. Steadily moving up is good for now 😊

Posted by JovaneChua > 2024-06-04 19:17 | Report Abuse

I'm consistent with what I said. This is a great, lovely company, and I will be with it. Not just me, many will, at this beautifully cheap and undervalued pricing.

Posted by ket4212 > 2024-06-04 19:24 | Report Abuse

buy buy buy

Posted by JovaneChua > 2024-06-04 21:36 | Report Abuse

COATS and AMG will definitely be the game changer. Hartalega is one of its kind, and will never be replaced easily. Soon, it will be at a super premium position that other glove players can never ever reach.

Posted by Aero1 > 2024-06-05 09:53 | Report Abuse

Money flowing out from gloves to utilities and semicon sectors

Posted by YourQuirkyWays29 > 2024-06-05 13:44 | Report Abuse

Looks like the dust settled and we've found a new bottom, its higher than the previous bottom, has been like that for 2 years. I will keep waiting, see ya'll later for the next bull run. :)

Posted by JovaneChua > 2024-06-05 19:29 | Report Abuse

Hartalega just established a very comprehensive LCA (Life Cycle Assessment). Bravo, European market willl be more and more stable and Harta will be the apple in the eye of US and UK.