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  gg1235 They will just slow down production for the time being as they want to maintain a higher margin for longer years. Once they start dropping their prices as most of hailat lo hard for them to sell at a higher price in the future. Customer come back next time after supply stabilize, why now u quoting me higher prices than last time i better get from other country then. 18/01/2019 23:15 gg1235 @i3lurker Haha i am not too sure bout this i am just relating it in terms from an economical aspects maybe like in the commodities market whereby the Organization of the Petroleum Exporting Countries (OPEC) will inform their members to cut down supply in order to control pricing. So Malaysian Rubber Export Promotion Council, MREPC should have the same function of OPEC but just in terms of a different product. MREPC should react by asking their members to cutdown their production in order to avoid big fluctuation in market prices of gloves that might affect the economies of both producing and purchasing countries. If not malaysian gloves reputation hailat lo cannot control. But in the end of day is the manufacturers decision to cut down production. Like those who actually wants to push the price down can go ahead if they have the financial capabilities and support to operate a high efficiency while making sufficient profit to please the stakeholders. Just like how the arab disobey opec and overproduce still profit for them so just keep drilling and producing lah. Issit a criminal act really why ?? 18/01/2019 23:29 gg1235 I am just stating what I feel as I have worked in the glove industry before. 18/01/2019 23:46 gg1235 I think you should go and have a site visit and compare the production sites of a glove factory in Malaysia and a glove factory in China or anywhere else and you will understand why customers are more keen in purchasing gloves from malaysia. 18/01/2019 23:56 gg1235 Brother MREPC has meeting with all its member every month. Get ur facts right sometimes haha. 19/01/2019 00:02 gg1235 Brother glove manufacturers in Malaysia mostly OEM also they manufacture gloves based on orders so no order they wont produce repacking gloves and stacking them not easily brother all got date one for production customer will request production documentation for auditing purposes. 19/01/2019 00:05 i3lurker gg1235 I think you should stop now while you are still ahead of the game.. yawn.... you remind me of 1 guy who asked me to explain logarithm to him when he was in final year science degree course. I told him its too late for me to explain to him. In the end, the university refused to even give him a general degree. He left university with nothing.... looks like its too late for me to explain ANYTHING to you. 19/01/2019 00:16  Silent 88888 dop to 5 all said recession time but a few days only back to normal PE too high ? correction ? where are them? 24/01/2019 10:44 1099133743600537 hahahahaha where those wanna buy at 4? 3? 2? buy1 free1? aiyo probably hv to run to atm to withdraw more than expected. 24/01/2019 11:23 2527005 I say it again. Harta is not for speculators. No one, not even experts can time the markets. So do your own homework, observe the management's integrity, be disciplined, invest gradually, time will tell. Good luck everyone. 25/01/2019 10:09 Hindsight Master Kindly check the animation presentation on glove industry and Hartalega here: https://youtu.be/1OuxAWn2gpA 25/01/2019 20:07  yiniugongxiong HARTA 5168 QUARTERLY REPORT 31 DEC 2018 https://yiniugongxiong.blogspot.com/2019/02/harta-5168-quarterly-report-31-dec-2018.html 12/02/2019 19:31 kelvin_ik4u Harta Qtr result is promising, everything on track due to rise in glove sales volume, demand vs supply still in shortage. With coming plant 5 & 6 full swing in 2019 + gaining momentum of new pattern gloves sales, will further improve its future growth of 30% more in term of glove capacity growth by end 2019. This counter is for medium to long term investor for multi baggar return with good sustainability business growth gain. 12/02/2019 20:23 michaelgohmox Huge cost impact, minimum wages coming. Yes Long run intact. 12 months down the road will be positive Short term will be under pressure 12/02/2019 20:26  Ron90 epf is a bullshiT investor...they just spent peoples money, while they got hefty salary. while giving lots of trading commission to IB and securities every day. In one year, just imagine how many billions gone to securities and IB??..thats why we only got dividend only 4-5% !! ..BN or PH..same stupid gahmen when involve controlling epf money u see it all counters...when price high, EPF buy, when price drop EPF sell ..who benefited from this stupid investing strategy?? ..some more BUY and SELL on daily basis..got no bran to invest eh? at least show some brain and good investing strategy, buy what to expect from lousy MOF offocial and their ministers 13/02/2019 23:02  James Ng https://klse.i3investor.com/blogs/general/193386.jsp [转贴] [HARTALEGA HOLDINGS BHD：NGC工厂的工厂5已经开始12条生产线中的6条生产线继续进行生产，工厂6结构的建设已经开始，2019年下半年将开始建设配套设施] - James的股票投资James Share Investing 14/02/2019 11:53 James Ng https://klse.i3investor.com/blogs/general/193557.jsp [转贴] [Faceboo live:浅谈Hartalega holdings bhd (Harta)] - James的股票投资James Share Investing 15/02/2019 10:32 Ron90 support klse or securities company ??...if wanna support liquidity, make sure total investment not negative first..than can play2 ups and down a bit la. But not like nowadays..almost all major counter that epf involve still at loss big time..yet they keep on selling and buying at the bottom..what a stupid idea is it?..should collect every thing at the bottom la. Epf got money in on daily basis non stop until everybody die... EPF is not investing, but playing with ppl money for the benefit of their corporate friends 15/02/2019 22:38 Unfair There are 900+ ctrs in Bursa why EPF support for Harta not the rest? michaelgohmox Epf is there to support KLSe lar 14/02/2019 18:41 Linus Kt Epf is there to support KLSe lar Agree 14/02/2019 19:36 16/02/2019 09:57 commonsense This is a well-run company that has delivered in terms of both the revenue and profit growth. Revenue grew from only RM572mil in FY10 to RM2.8bil in the 12m ending Dec 18 which represent an average growth rate of almost 20% per year. The profit to shareholders grew from RM143mil to RM482mil in the same period. This translate to an average profit growth of almost 15% per annum. I don’t think anyone can deny the management capabilities in delivering growth. But the issue with Hartalega is actually on it very rich valuation. Based on the 12 m trailing profit of RM482mil, at the current price the company is being valued at around 38x PE. At this high valuation, most of the growth prospects has already been baked into the share price. Any slowdown of profit growth will highly likely affect its share price to the downside. An issue at hand is the now very intensified competition in the nitrile gloves segment with demand growth looking to slow down but at the same time, producers are ramping up production capacity at a very high speed. This could potentially result in pressure to the average selling price of nitrile gloves which would affect companies such as Hartalega’s profit margin. Here are the top 4 gloves players capacity expansion plans for 2019 (which could extend until 2020): 1) Hartalega: Additional 12.1bil capacity from projects of Plant 5, 6, and 7. Capacity to rise from 32.5bil to 44.6bil (37% increase). 2) Top Glove: Additional 19.6bil capacity from facilities expansion of F32, F33, F40, F8A (in Thailand), F42 (Vietnam) and the new plant in Turkey. Capacity to increase from 55.7bil to 75.3bil (35% increase). 3) Kossan: Additional 5.5bil capacity from new Plant 18 & 19. Capacity to increase from 26.5bil to 32bil (21% increase) 4) Supermax: Additional 3.5bil capacity from capacity enhancing plans strategy which consist amongst others conversion of warehouse to production line (Taiping), replacement of old line to more technological enhance production lines (Sungai Buloh) and building additional factories (Meru). Capacity to increase from 23.7bil to 27.2bil (14.8% increase) This brings a total of 40.7bil new capacity from the top 4 gloves producers of which 20bil will come in 2019 with the rest in 2020. Hence why some analysts are worried of a potential oversupply in the gloves market in the near future. Big companies like Hartalega would potentially be able to fill in their new capacity with demands but it will be at the expense of profit margin. The average profit forecast in FY20 for the 5 different analysts is around RM600mil which means Hartalega is already being valued a lofty valuation of 30.5x fwd PE. If you are looking to diversify your portfolio outside of Hartalega (due to its high valuation) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.0x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6.0x PE. Please go through the analyst reports and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50. Good luck. 19/02/2019 14:00  |
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