HARTA (5168): Nomination Committee Members

Harta management is the "best" is only by reputation. I give you that. But that is just a small part to the overall picture. Don't forget, glove is a LOW margin product and easy to make. China was a threat before the tariff. AFTER the tariff, Msia gloves are on an even playing field.

You talk about automation, Kossan has been doing that since 2017 and with strong cash position, they had been upgrading production since 2021. Now is almost 2025. They had spent 4 years to be fully automated. Kossan is no way behind Hartalega in this aspect.
https://theedgemalaysia.com/article/cover-story-slow-and-steady-route-digital-transformation

Kossan has one bad reputation problem; CEO sells shares when price is high. A bit annoying but hey, he is allowed to do that. This caused Kossan to be undervalued AT THE MOMENT. But things that matters like production, quality etc ... Kossan is as good as Harta. Remember, Kossan and Harta were the only 2 glove companies that were not banned by US Custom on labour issues.

Topglove ... well they are big. That's all.

So Dawchok, it not arrogance. It's facts. Get off your high horse on "best management". It's only goes on for a while. It will wear off fast. Btw, Kossan is the only glove company making profit this Q3. And been paying dividend.

dawchok

The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG

1 week ago

Chipee on fire with the facts

1 week ago

US occupied about 50% of harta revenue. This means harta still need to fight with china for the another 50% revenue. Pre-covid 2019, when we decide the glove price, harta share price is around RM4+. Now we fight fiercely with china and harta share price now stand at RM3.43. How much upside do we really have?

1 week ago

Aiyoh ... 50% of US order is secured without China kacau2.
The other 50% is price war and you think Msia cannot fight them? Glove is low margin, low tech product. China's cost base is no difference than Msia.
For comparison 2023 annual report: Cost of Revenue/Revenue
Harta = 86.77%
INTCO (China) = 86.30%
To me... this is not much difference.

Before COVID, China was not focus too much on gloves but after covid and their production increases, they want to muscle in by throwing price. Basically stealing Msia customers base. But remember this, OVERHEAD cost is a KILLER in this kind of VOLUME game products. That's why Topglove is still making losses. INTCO (China) is 79 bill annual capacity. Kossan and Harta stands at 35bill annually which is at the optimum production capacity to make money. INTCO will go into losses soon enough. AND without US market, China will lose even more.

Remember Evergrande? Why have they gone bankrupt? High debt. INTCO debt exploded from RMB280 mill to RMB7.17 bill. That is 25.6 times. When their production size cannot justify the sales they have, they will cut down production significantly and lose economy of scale. They have enough cash to cover their debt but they definitely cannot THROW PRICE to steal Msia customer base.

With US tariff, China is no longer a threat.

1 week ago

dawchok

China to cut or cancel export tax rebates for products including aluminium. Glove is not in the list for now.
https://www.reuters.com/markets/commodities/china-cut-or-cancel-export-tax-rebates-products-including-aluminium-copper-2024-11-15/

1 week ago

This export rebate cancelation will prevent China exporter from throwing price. Now they have to compete without CCP back up.

1 week ago

NatsukoMishima

With this rm 3.47 price , i better buy ranhill for coming robust net profit when DC starts operate , ranhill share price will surge 500 % from now ! Glove stocks wont back to pre pandemic level forever !

1 week ago

TaiMeiLi

Steady moving up is good enough, no need to wish gloves to go back to pre pandemic era

6 days ago

Then say in in Ranhill forum lor. Why say it here? You expect people to sell Harta and buy Ranhill ka? 😂

NatsukoMishima

With this rm 3.47 price , i better buy ranhill for coming robust net profit when DC starts operate , ranhill share price will surge 500 % from now ! Glove stocks wont back to pre pandemic level forever !

6 days ago

Mei Li, what I mean is the upside is limited. At the time where glove Malaysia is almighty and earn 100m per quarter, harta price stand at RM4+

6 days ago

@findfreedom even getting close to RM4 is also a decent profit from now :) and personally im pretty optimistic with the overall industry growth despite no future worldwide pandemic

6 days ago

NatsukoMishima

With us tariff malaysia glove profit margin will drop kaw kaw , both competitor hold die together !

6 days ago

@YourquirkyWays May be you are right. Everyone have different expectation. I would expect 20% potential profit at the very least.

6 days ago

Yeah I view the sales volume increase in the recent QR as really promising, but maybe im overly optimistic as well. Cheers @findfreedom

6 days ago

Nutsucker, Harta penny stock when?????????????????????????????????????????????????????????????????????????????? Dnex RM4-6 when??????????????????????????????????????????????

6 days ago

Nutsucker eyes red.... hahahaha

6 days ago

yeah keep going around asking ppl to sell their counters and but his bad performing ones xD that Dnex 2 years d still stuck below 40c, soon back to below 30c.

Whoever follow him going holland d.

5 days ago

Income

Denex doesn't perform bcos doesn't support Trump。That's it.

5 days ago

1.HARTA 2024-11-21 3.55 3.58 3.52 3.54 -0.03 (0.84%) 6,902,900
2.Name
KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Details of Changes:
Currency
-
Date of Change Type Number of Shares
21-Nov-2024 Acquired 4,000,000

4 days ago

Kwp bought up almost 2/3 harta shares on 21Nov24

4 days ago

Local funds are very experienced in buying low and sell high

4 days ago

I need to learn from them in control of phycology and emotional in buying low when nobody want!! Try

4 days ago

xiaoeh

u r very humble Pang72 sifu

4 days ago

alan26334

demand on glove keep on increasing every year due to hygiene awareness and also higher demand from other countries besides US. Demand worldwide now is much higher if compare to pre-pandemic.

4 days ago

That is great news for higher demand than precovid

3 days ago

https://www.orientaldaily.com.my/news/international/2024/11/23/694935?fbclid=IwY2xjawGuQzdleHRuA2FlbQIxMQABHctQXnhqqEN4L9RCFXE2fOlFuTimUJsKA1zY_7dg2_SjrEFLa5xvT9jaOQ_aem_HtalJIKc6GCP6ue7jbHNJA

All sort of virus spreading during winter time

3 days ago

xiaoeh

u r very humble Pang72 sifu

13 hours ago

NO ONE CAN ALWAYS EARN MONEY INCLUDING ME.
LET'S LEARN TOGETHER SHLD BE THE WAY

3 days ago

xiaoeh

Salute🕴

3 days ago

KingKKK

WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_

3 days ago

I own 2 out of 10, am I good? lol

3 days ago

WDCQ_I_am_legend

Trump has announced an additional 10% tariff on all Chinese products, raising the tariff on Chinese medical gloves to 60% from the current 50% under the Biden administration. This new tariff will take effect in January 2025.

#Bloomberg

1 day ago

paperplane

TP RM4 above, I believe it can be done next year, when Trump administration in place. Buy and Hold, why worry.

1 day ago

Michael Lee

Great news for glove stocks! Trump has just announced an additional 10% tariff on all Chinese products, raising the tariff on Chinese medical gloves to 60% from the current 50% under the Biden administration. This new tariff will take effect in January 2025.
#Bloomberg

1 day ago

I very near100% profit already. Come on! :p

18 hours ago