Felicia Sharing

Hartalega (HARTA): How low can it go?

FeliciaWong
Publish date: Thu, 03 Sep 2020, 09:56 AM
Sharing purpose only.

I called uncle again (he has more than 30 years’ experience). We talked about the drop in glove counters yesterday whether it is an opportunity to buy in the market. I call him Sifu or master in English. Some of the things that he told me are as below:

  1. Sifu told me HARTA bottom is RM15
  2. Sifu said HARTA can fetch RM19
  3. Sifu said buy and wait for 3 months. Don’t contra and don’t buy on margin

 

1. Sifu told me HARTA bottom is RM15

Last Q Harta made RM220m, next quarter should hit RM500m looking at increasing COVID-19 global cases and the result of other gloves company.

So RM500m * 4 = RM2000m per year

No of shares 3427m

One Year EPS = RM0.58

Bottom PE = 25x ...

Historically 33x PE for Hartalega is the normal level that the stock usually trade at. But during extreme crazy situation like now, sometimes you can get Hartalega at 25x PE

 

So 25 * 0.58 = RM14.50

2. Sifu said HARTA can fetch RM19

Using the usual 33x PE

 

33 * 0.58 = RM19.1 round to RM19

3. Sifu said buy and wait for 3 months. Don’t contra and don’t buy on margin

Me: How about vaccine? People told me we are going to have it soon!

Sifu: I have answered you previously about vaccine. We have to be humble and don’t simply assume that this vaccine or that vaccine will save us all in a short time. I don’t know about vaccine date but to take care of downside, the RM2000m sustainable earnings already take care that one day Gloves Physical Price (GPP) will decline. But from now until that day, GPP will still go up. So it average each other you see.

 

 

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1 person likes this. Showing 11 of 11 comments

LaoTzeAhSir

14.50 now. how uncle?

2020-09-03 12:07

LaoTzeAhSir

the head and shoulders will kill your uncle sadly

2020-09-03 12:08

LaoTzeAhSir

boooo

2020-09-03 16:15

HSIF88

Below RM14 now...I am sure Uncle is buying a lot tomorrow.

2020-09-03 18:28

Lai3488

Surely uncle close eyes and buy, wait for 3 months then uncle Fatt tat lar.

2020-09-03 20:12

stockraider

Pendelela may need go to hospital tomorrow loh..bcos of free fall mah...!!

Posted by VolatileIsMyGold > Sep 3, 2020 8:08 PM | Report Abuse

supermax cannot dive so much la

becos so many guys want to catch when diving

just like pandelela rinong & leong mun yee

2020-09-03 20:13

Lucas Low

RM11 support 2 Rm13 support 1

2020-09-03 21:58

darrenooi76

speaking about head and shoulder, it could be also impulsive wave 4. uptrend or down trend let wait and see.

2020-09-03 22:08

AT1mil

@FeliciaWong
Stop your nonsense self-created conversation. Simply lame and lousy.

2020-09-03 22:56

SecretOne

You think top investor like Warren Buffet care about all this technical indicator like head and shoulder. Can you name any top investor in the world that actually rely on technical indicators?

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LaoTzeAhSir
the head and shoulders will kill your uncle sadly

2020-09-04 11:31

paperplane

Post removed.Why?

2020-09-04 11:45

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