Chipee

AS reported, loss due to abrupt higher RM value to USD and increase operating cost on new production line.

1 week ago

kevinobc

bearish... lah like this !!! cabut !

1 week ago

Philip ( buy what you understand)

More importantly as reported, ASP prices have increased, causing revenue and sales volume to go up by 44%. Also very important, dividends. More importantly, more lines in production indicating higher demand for products.

Exchange rate issues up 10% in a month has stabilized back, and it seems glove oversupply is reducing well
>>>>>
Chipee

AS reported, loss due to abrupt higher RM value to USD and increase operating cost on new production line.

1 week ago

SinGor

this is "the" problem of computer buying!!! Fund manager still " Yum Seng" yesterday until Qr results, today
morning fund manager rushing to pull Computer cord-----Started 200 pages of postings to support plunging
price------just a bunch panic neem kaput

1 week ago

YourQuirkyWays29

problem? plunging? bearish? xDDDDD

1 week ago

YourQuirkyWays29

Some are slow to the party, some left the party too early, some never come but scream from the other side. xDDD

1 week ago

NatsukoMishima

Trump will implement 20% tariff on all import products , how many np left for malaysia gloves ?

1 week ago

ket4212

slowly rise dont worry

1 week ago

ket4212

I have confidence in the management

1 week ago

dawchok

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

1 week ago

RobertoONG999

gorengggg, glove theme outdate but tekan minyak lets gooo

1 week ago

YourQuirkyWays29

Nutsucker strikes again with the faulty magic ball

1 week ago

NatsukoMishima

20% tariff coming ! Anybody can cal how many np left , BIMB is smart on this view !

1 week ago

mushimushi

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

1 week ago

findfreedom

I really hope people buying glove counter is not hoping for year 2000.. even slightly..
\

1 week ago

YourQuirkyWays29

we are hoping for a good 2025 and forward, stop looking backwards.

PE150? What history you looking at?

1 week ago

findfreedom

That is why glove is less than 5% of my investment from 100% pre-covid. I see so many exciting opportunities in the era of AI.

1 week ago

findfreedom

More precisely it is 5.2% of my total investment. :p

1 week ago

TaiMeiLi

Meaning you 96% all in technology stocks, findfreedom?

1 week ago

findfreedom

Currently mostly park in airport. Waiting for the privatization like forever.

1 week ago

Chipee

No. We are NOT investing for another pandemic. That could be another 100 years from now. We are investing in US-China rivalry and it is bearing fruit since USTR announce 50%(2025) and 100%(2026) tariff on China gloves.
Between Intco and Bluesail production is about 90bill annual capacity. With tariff, Msia and Thai glove has the upside on volume and ASP to sell in US market (largest market for gloves).

Even with 10% or 20% tariff on Msia & Thai, we are still cheaper than China. But I don't think that will happen. US target is really China thanks to Supermax. Supermax is on board in American Medical Manufacturers Association (AMMA). They are the one convince US to place tariff on China. Supermax production capacity in Texas is only 4.8 bill per annum, meaning the rest of US order will come from Supermax Msia. Supermax will not be silly to want tariff on Msia gloves.

And if Supermax to expand they production in US, that would eat a lot into their capital. They spent billions and are losing money these few years bcoz of building their plant in US. It would take years for this expansion to take place. So we have a good 4 years for Msia gloves. By then PE of 150 will drop to PE 25 when the profit has increased tremendously.

Please do your research before you shoot your mouth.
On Supermax.
https://theedgemalaysia.com/node/726994


mushimushi

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

1 week ago

Chipee

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

YourQuirkyWays29

Chipee on fire with the facts

5 days ago

findfreedom

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?

5 days ago

Chipee

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.

5 days 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/

5 days ago

Chipee

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

5 days 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 !

3 days ago

TaiMeiLi

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

3 days ago

Chipee

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 !

3 days ago

findfreedom

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+

3 days ago

YourQuirkyWays29

@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

2 days ago

NatsukoMishima

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

2 days ago

findfreedom

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

2 days ago

YourQuirkyWays29

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

2 days ago

YourQuirkyWays29

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

2 days ago

Chipee

Nutsucker eyes red.... hahahaha

2 days ago

YourQuirkyWays29

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.

2 days ago

Income

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

2 days ago

pang72

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

17 hours ago

pang72

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

17 hours ago

pang72

Local funds are very experienced in buying low and sell high

17 hours ago

pang72

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

17 hours ago

xiaoeh

u r very humble Pang72 sifu

17 hours 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.

6 hours ago

pang72

That is great news for higher demand than precovid

3 hours ago

pang72

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 hours ago

pang72

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 hours ago

xiaoeh

Salute🕴

2 hours 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_

34 minutes ago