HARTA (5168): Director Shares Transactions

High level president VIP room guest should take this opportunity to break even n run , once over u will be wait for 100 years !

5 days ago

Michael Lee

Results above expectations
HART’s 4QFY24 core net profit of MYR1.8m (-97% YoY, -91% QoQ) was above
expectations. Management has turned more positive on the sector outlook
given improving glove demand and the ability to pass on additional raw
material cost to its customers. Plant utilisation rate [UR] has improved to
73% in 4QFY24 on 31b pcs annual capacity. We raise FY25-26 earnings
forecasts by 19-35%. Our TP is also raised to MYR4.50 TP (+14sen) on
unchanged 3.2x rolled forward CY26E P/B. BUY

5 days ago

Michael Lee

Earnings adjustments
We raise FY25/26 earnings forecasts by 35%/19% on factoring in: i) actual
FY24 results, ii) better utilisation rate of 80%/80% (from 75%/80%) and iii)
higher production capacity of 36b/37.5b pcs p.a. (from 31b) for FY25/26.
We also introduce FY27 earnings forecasts. Balance sheet stays strong with
MYR1.4b in net cash (MYR0.40/sh) end-Mar 2024. We peg HART valuation
to its historical PBV mean of 3.2x.

5 days ago

SonniaFang

the positive bottom line was supported by higher interest income, foreign currency exchange gain and reversal of certain provisions no longer required during the period

5 days ago

The results for me personally are a little disappointing, the revenue shown growth as indicated by the export volumes, but the increased revenue did not translate to increased profit. The reason given that is due to increase in cost does not bode too well with me as well because this indicates difficulty in pricing that still very much prevalent.

I had an expectation that we are already in recovery mode and will be able to price higher going forward, guess we will have to wait and see, the effect of the new tariff announcement should trickle in over the next 2 years as we slowly crawl to 2026 as buyer and sellers slowly adjust their buying pattern to suit the new tariff days starting 2027.

Let's see.

5 days ago

Gaussian

When you are disappointed that means price drop. lol

5 days ago

https://theedgemalaysia.com/node/712645
Hartalega to face massive industry oversupply even after 4Q turnaround, say analysts

5 days ago

can buy again when it gets low enough

5 days ago

it is no doubt a well managed company

5 days ago

@Gaussian still more than RM1 ABOVE your RM2.3 prediction 2 months ago. sau pei la lei. wrong so many times liao still got face to show up, super thick face you have.

5 days ago

@Aero yeap after every run there will be correction days if expectations not met. just ride the wave, coming from RM1.5, confident to say I've seen the worst days.

5 days ago

TaiMeiLi

YourQuirkyWays29, just drink some coffee and enjoy our green portfolio in our glove investments. That Gaussian will always say drop one, even now Harta's share price is above RM3

5 days ago

superfra7

time to enter some harta

5 days ago

Post removed.Why?

5 days ago

@Taimeili Yeah now got another joker monetary that probably sell too early and missed the boat.

@monetary RM3 is a drop for you, but its a 100% up for me. :) no frogs found

5 days ago

naive. refuse to accept the facts. all facts are in black & white. sale is in tandem with export data but earning going down. same as kossan.

5 days ago

I wish i sold at 3.9x instead of 3.6x. $3 i will buy back

5 days ago

ehh, not denying what you say could happen @monetary. Just that RM3 is still good case for me, and taking advantage of the 15% difference between RM3 & RM3.5 is not worth the risk of what if this guess is wrong.

5 days ago

pjflower

Harta recently starts inviting many supplier/designer to visit them to supply/design new equipment / machineries, is a good sign of recovery. action is better than shouting.

5 days ago

derricksyl

LOOK WILL BREAK BACK BELOW 3.00

4 days ago

the price was hovering around 3 before the tariff news and in anticipation of a much better q result. assuming the US did not impose the tariff, i think the price would have fallen below 3. just how much the tariff could help to recover back the loss market share, no one has the crystal ball. but one thing quite sure is that one can't be dominant anymore when the chinese is in.

4 days ago

Aero1 has clear mind than tards !

4 days ago

titan3322

I don't think it will fall below RM 3 again. Risk takers should buy some at this level

4 days ago

Well well well, when it fell from 2.9 to 2.4, it felt like shit, but now we are falling from 3.8 to 3.4. It's ok la, just wait. I have time.

4 days ago

Mini2021

THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

3 days ago

Mini2021

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

3 days ago

supermax will face greater challenges with the US factory

1 day ago

Wow wow wow, low volume but big drop. Keep calm and hodl.

1 day ago

Post removed.Why?

1 day ago

titan3322

Wah 3.27 pun dapat 😄

1 day ago

frog? why so?

1 day ago

Shift to ranhill , swift haulage , dnex ,vstecs , iwcity for multifold gains !

1 day ago

Albukhary

I sold my 5000 shares of Harta two weeks ago at 3.76.
Maybe Its time for me to buy back at 3.26?

1 day ago

@Natsuko i already multifold, no need to shift.

1 day ago

if i follow your advise 2 years ago to buy dnex/swift, i will have to fold myself, not multifold.

1 day ago

TaiMeiLi

Still hold it and believe Harta will achieve RHB's TP 😊

1 day ago

Wait for Tg Supermax results. Both will have negative impact on glove stocks. After that can buy slowly.

1 day ago

Lukey_Greek

Harta is the most overvalue among big 4. No more deserve for high PE for its R&D advantage if compared to China competitors. Will slowly fall back to PE comparable other peers.

23 hours ago

Gaussian

Going to rm 3 lol

22 hours ago

Chipee

2 challenging factors still looms in gloves ... ASP and demand. And this directly affects PBT.
I see one factor is improving and that is DEMAND (Revenue increase for Kossan and Harta). China can't keep undercutting price. It affects their PBT too. China's lockdown is over. China lost their scale of production advantage by selling cheap. Their China demand has drastically dropped. Intco Medical made OPERATING losses in 2022 (-30,467) and 2023 (-100,958). They have to increase price in 2024. ASP will improve.

Biggest bomb on China for ASP is China-US rivalry. Now just rely on entry-port ban by US on China's gloves. IF Trump wins the tariff effect will be even greater than the 2026 tariff increase.

China use coal. Msia use nat gas. Both energy sources are going up in tandem. So not much difference there. Hell, if US wants to penalize China on ESG basis for using coal ... total ban on China's gloves. But we know that cannot happen la.

20 hours ago

@YourQuirkyWays29

823 posts

Posted by YourQuirkyWays29 > 17 hours ago | Report Abuse

if i follow your advise 2 years ago to buy dnex/swift, i will have to fold myself, not multifold.
_______
Why not u say if u follow me ride on vstecs , ranhill u already can earned huge gains n no need wasting so many years in sunset glove stocks ! Dnex , swift haulage will skyrocket also , not too late to ride on 2 of them !

11 hours ago

Because last time you never say vstecs, when i first read your comment you only say dnex and swift, enough to ruin your reputation. Plus you are also wrong in this counter, why should i follow your comment when you get less than half correct?

9 hours ago