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Overview
Financial Highlight
HeadlinesBusiness Background Hartalega Holdings is a holding company whose subsidiaries manufacture and sell a variety of nitrile and latex gloves. The company's gloves are used in laboratories and healthcare facilities. The gloves are also sold to manufacturers of semiconductors and consumer electronics and for automotive maintenance and spray painting. The company organizes itself into six segments based on geography: North America, Europe, Asia, Australia, Malaysia, and South America. More revenue comes from the North America segment than any other.
  calvintaneng Stanley being a shrewd businessman already calculated the risk/reward of building New Glove Factories in USA Or else he won't be a successful billionaire that he is today TRUMP IN POWER; SUPERMAX IN USA IS TOP BENEFICIARY AS TAX ON CHINA GLOVES 50% To 100% & OTHERS UP TO 20%, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828061-TRUMP_IN_POWER_SUPERMAX_IN_USA_IS_TOP_BENEFICIARY_AS_TAX_ON_CHINA_GLOVES 12/11/2024 11:17 AM  Chipee 50% (2025) & 100% (2026) Tariff on China glove is CONFIRMED. 20% tariff on OTHER glove makers ... First time heard it from Calvin Tan. True or not, nobody knows. Firstly, I think Trump is smart enough to know putting on 20% tariff on other glove manufacturers will increase price for Americans. Their target is China. Not hurting their own people. With 4 big glove makers in Msia and Sri Trang in Thailand, they will be competing price wise to lure American buyers. No need to disturb situation that's advantages to USA. Second and most important factor, glove is a LOW margin product. Trump is targeting for HIGH margin products like EV cars, cars, smartphones etc. to be manufactured in USA. They want to bring these manufacturing back to USA. Other low margin products is focus on cheap labours overseas. Trump's decision to lower corporate tax also to lure American companies to bring back their overseas profit back to US and pay US tax. Most US companies have offshore accounts/companies for lower taxes purposes. If Supermax were to build their factory in Mexico, I would buy their shares. But building in US with higher labour cost and stringent government regulations, I would stay away. 3rdly, I think Calvin Tan owns Supermax shares and trying to boost the price up. 😂😂🤣😂😁 12/11/2024 11:57 AM Chipee And another thing, Trump's plan for oil&gas in US will make natural gas cheaper in global market. Good for Msian glove makers. 12/11/2024 12:37 PM YourQuirkyWays29 44% increase in sales volume but impacted by forex. Which is temporary which is long term, that is your call. Run all you want xD I'm staying 12/11/2024 2:53 PM YourQuirkyWays29 Is the nutsucker's burner account, last comment say Harta will drop to 2.4/2.1. hahahahahhahahahhah 12/11/2024 4:55 PM Chipee AS reported, loss due to abrupt higher RM value to USD and increase operating cost on new production line. 12/11/2024 5:55 PM  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. 13/11/2024 8:06 AM  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 13/11/2024 10:28 AM YourQuirkyWays29 Some are slow to the party, some left the party too early, some never come but scream from the other side. xDDD 13/11/2024 4:34 PM NatsukoMishima Trump will implement 20% tariff on all import products , how many np left for malaysia gloves ? 14/11/2024 8:45 AM dawchok The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG 14/11/2024 10:21 AM NatsukoMishima 20% tariff coming ! Anybody can cal how many np left , BIMB is smart on this view ! 15/11/2024 8:55 AM 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. 15/11/2024 9:26 AM findfreedom I really hope people buying glove counter is not hoping for year 2000.. even slightly.. \ 15/11/2024 9:37 AM YourQuirkyWays29 we are hoping for a good 2025 and forward, stop looking backwards. PE150? What history you looking at? 15/11/2024 2:01 PM 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. 15/11/2024 3:12 PM findfreedom Currently mostly park in airport. Waiting for the privatization like forever. 15/11/2024 5:06 PM 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. 16/11/2024 5:27 AM 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 16/11/2024 5:55 AM 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? 18/11/2024 11:41 AM 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. 18/11/2024 2:15 PM 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/ 18/11/2024 2:23 PM Chipee This export rebate cancelation will prevent China exporter from throwing price. Now they have to compete without CCP back up. 18/11/2024 3:17 PM 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 ! 20/11/2024 8:52 AM TaiMeiLi Steady moving up is good enough, no need to wish gloves to go back to pre pandemic era 20/11/2024 1:03 PM 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 ! 20/11/2024 1:24 PM 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+ 20/11/2024 1:43 PM 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 21/11/2024 8:54 AM NatsukoMishima With us tariff malaysia glove profit margin will drop kaw kaw , both competitor hold die together ! 21/11/2024 8:55 AM findfreedom @YourquirkyWays May be you are right. Everyone have different expectation. I would expect 20% potential profit at the very least. 21/11/2024 9:25 AM YourQuirkyWays29 Yeah I view the sales volume increase in the recent QR as really promising, but maybe im overly optimistic as well. Cheers @findfreedom 21/11/2024 10:00 AM YourQuirkyWays29 Nutsucker, Harta penny stock when?????????????????????????????????????????????????????????????????????????????? Dnex RM4-6 when?????????????????????????????????????????????? 21/11/2024 10:00 AM 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. 21/11/2024 2:26 PM  | |
