atleast qr is improved,but didnt meet expectation not negative qr consider good as you can see a few of healthcare conpany pe is -500++ for current market is pure goreng
Just ignore those goons rookie. Not worth your time. kudos and thank you for putting in effort to clarify the issue. The market shall decide hlt's value next week. My take is the tg and super bi rally + rmco extension would lift up hc counters anyway.
Human will never get satisfied , whatever you do or you didnt do, surely there will be different comments or critics.
I read someone even posted management got cbt case before. Wow, really? Mind sharing the info. Otherwise, it could be defamation made in public forum. I
Just invest by doing ur own research la, and faith in the Company you choose. Those who didnt have faith, u dont have to criticise or curse other's choice.
Anyone can explained in layman’s words? Thanks~~~ I read from the announcement, the summon is dated on 18-Aug-2020, which was the first day HLT started to rebound from 1.30 to 2.17 on the next day.
It's very easy, if u see people shouting gap down and limit down, those are the people who wants to collect the share in low price.
Why would they keep on asking for gap down and even care about this counter if they are not interested in the counter?
Share price up or down is not dependant on news. When Supermax announced good 400 million QR, its share price dropped. More important is the hype or trend, if overall is glove trend, all counters will up. If its pharma/ vaccine trend, all glove will down.
August glove counters have been pressed down hard, more than half of the month the counters are in red, and mostly are oversold.
Make your own judgement whether it will be glove trend this upcoming September, if yes, all healthcare counter will be green.
Legal tussle is a baggage which also reflect the integrity of the management , felt so let down by the management for betrayal the trust investor has in the company. My holding all goes to drain and I will let go irrespective of share price on Tuesday as I no longer has trust and confident in HLT.
KUALA LUMPUR (Aug 28): HLT Global Bhd’s net profit rose 65.73% for the quarter ended June 30, 2020 (2QFY20) to RM4.86 million from RM2.93 million a year ago, buoyed by a swing to profit for its rubber glove manufacturing business.
Earnings per share rose to 0.95 sen from 0.57 sen, the group’s bourse filing showed.
HLT, whose core business is making dipping lines for glove manufacturers, saw this business segment record a higher pre-tax profit of RM4.02 million compared with RM3.66 million in 2QFY19.
Its rubber glove business, meanwhile, made a pre-tax profit of RM3.23 million, compared with a loss of RM1.19 million in 2QFY19.
Quarterly revenue rose at a slower pace of 14.51% to RM50.86 million from RM44.42 million previously, on better rubber glove segment contribution.
Notably, better margin was witnessed in both segments, the group said.
For the six-month period, HLT Global’s net profit rose 77.27% to RM7.47 million or 1.46 sen per share, from RM4.21 million or 0.82 sen per share a year earlier.
This is despite revenue rising by just 0.96% to RM76.99 million from RM76.27 million, as the dipping line segment contribution was weaker year-on-year.
Touching on the rubber glove segment, HLT said 90% of its products are sold overseas mainly in Taiwan, the US, China, Japan and Italy.
As for the dipping-lines segment, HLT Global said it has four orders of new lines progressing, three of which are local orders.
“The group will continue to execute its business strategies and has put in place a series of future plans to strengthen its position in the glove-dipping line industry in Malaysia as well as the overseas market,” it said.
Shares of HLT Global slid 2 sen or 1.16% to close at RM1.71, valuing the group at RM977.48 million. Year to date, the counter has shot up 850%.
The legal suit has just started in the High Court.
If any one party is unhappy with the decision of the high court (which could take between 8-12 months provided it goes to full trial), the losing party can appeal to the Appeal Court following from there to the highest court - Federal Court.
Hence it could take between 2-3 years before the legal suit is completely disposed off if it goes all the way to the Federal Court unless there is an early settlement which I doubt will be the case considering the nature of the case as stated above by others.
In my opinion if I was the director mentioned as a defendant in the suit i will most certainly resist it all the way to the end to clear my name and counter sue.
Just sharing to help folks understand better the court process and the probable timeline and the possibilities. Hope it helps.
Glove is for short to medium term, it can not be long term as long term in stock trading means 10 even 20 years. You need to wait for a company or industry to grow. Frankly speaking, I bought HLT at very low(late April) and hold it until today. My personal judgement is that the glove dipping business will fly due to higher demand. But personally, I am quite unhappy with this result. In pandemic time, when everything is at their side, they only managed to make so less net. If we map the share price movement to it’s net income, it does not justify the current share price. Again, if look at next 6 months etc, personally I think the outlook is not good either, sooner or later the pandemic will have a vaccine or will dissapear naturally. For me, I am going to reconsider my position in HLT early next week. I might be wrong, but I am following common senses.
Hi Guys & Mickey (So happy her as she is aim right), Pls have a look at Kawan Food (7216), is this the same situation with HLT ? Kawan Food made 8 million PAT with current price RM2.54. Can I said that Kawan Food will continuous drop till reasonable price ? LOL. Have your own decision. Investing Share is not just seeing today result or current loss situation. See Future.
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Posted by ramunia > 2020-08-28 22:02 | Report Abuse
This is the ugly side of the share market.. Take it as it is.. Just enjoy our holidays