This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

https://www.msn.com/en-my/news/national/norway-warns-of-covid-19-vaccine-risk-after-23-die/ar-BB1cNzKM?ocid=msedgntp
Norway warns of Covid-19 vaccine risk after 23 die

when is Harta reporting thier last quarter report ? sometime this month right ??

JP Morgan is manipulating the market !!

What Kuan's message is : the world will also have to live with GLOVE ‘forever’ !!!!

In short, the oil price will go peak after covid-19 because most oil majors cut capex !
Supply drop, demand UP... oil price UP !!!!! (back to 100 ? maybe !!)

https://oilprice.com/Energy/Oil-Prices/The-Oil-Industry-Is-In-Dire-Need-Of-Investment.html

go and read this report also !

highlight :-
" 2021 could be a watershed year for oil markets, in which falling investments and bankruptcies will create a supply crunch the likes of which we have never seen before. With an ever-growing list of delayed upstream projects and FIDs, the threat is growing. In a report by the International Energy Forum (IEF) and consultancy BCG in December 2020, warnings were given that lower CAPEX levels and low investment appetite will be a real threat to markets. OPEC, IEA, and others, have already made it clear that cumulative hydrocarbon related investments are dwindling. As OPEC has indicated before, investment volumes of around $12.6 trillion are needed to keep the oil supply for the coming decades at the current level. Norwegian oil consultancy Rystad Energy said that even though demand has declined in 2020, 2019 levels could return before 2024/25, necessitating future upstream spending of an average of $380 billion p.a. over the long-term. The need for large scale new investments is clear, as the upstream sector has already been fighting an uphill battle to get access to the necessary investment volumes in recent years. Larger investments are necessary to avoid a future of higher prices and increased market volatility. Inadequate investments will set off another wave of unwanted boom-and-bust pricing. With oil majors indicating that CAPEX reductions will be in place throughout 2021, and some even seeing 2022 as a difficult year, production is undoubtedly being threatened.

Technology alone cannot be the savior. IEF research indicated that every dollar of CAPEX that is cut today will have twice as powerful an effect in terms of reducing activity as the cuts made following the 2014 fall in prices had. As demand for oil and gas is expected to increase after COVID, low CAPEX supply will become a major constraint. At the moment, no real new immense oil and gas resource is available to counter demand growth without trillions of investment dollars being poured in.

A peak oil investment crisis is in the making. The current financials of most IOCs and leading NOCs are not accounting for peak investment requirements. As the IEF report clearly states, industry investment will have to rise over the next three years by at least 25% yearly from 2020 levels to stave off a crisis. Peak oil prices also could be a reality if the market doesn’t react. "

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

If you missed these reports few days ago, READ and ANALYSE again !!

pea3034, wait for the price to reach 26.5 then you come and panic buy loh !!
That's why many newbies lose money in sharemarket !
Now the price is the slowest, very safe to enter !!

TP = 26.5 by analysts ! Cepat sapu !!!!!

Harta's share price shoot up so fierce and there is only one explanation for that :-
The coming QR must be very very good or bonus issue , huge special dividents will be announced soon !!
Hartalega memanglah HARTA yang LEGA lah !!!

EPF offload most if not all TG shares and switched to Harta ! as simple as that !
EPF stands for benefit for employees, they can't invest in a company that building wealth by exploiting their foreigner workers left right and centre ! As voiced out seriously by foreign fund managers eg. Balck rock etc !
Whereas Harta has been doing business with good conscience and humanity, even earning less ASP but they earned the respect from most fund managers !
End of the day, good conscience and humanity WIN !
Those who uphold this principle will WIN as well !
Trust me , karma is in play !!

This is my last advice !! calling all Velesto believers , sit tight , taruh more and enjoy the ride ... starting next week !! VRoom Vroom Vroom >>>>>>>>>>>>>>

Good news !! 2 analysts started to change tune (see above) to recommend Velesto !
Meaning either the insiders or big sharks "kao tim" (bonus delivered ! lol) with analysts to write good about velesto for the share to be fried UP liao !!!

Next monday if got bullet, quickily "taruh" or "sai lang" in Velesto !! Before other analysts follow suit with BUY calls !!! Engine warming up .... 20 .... then 30 !! For sure !!!

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

TP = RM100 in 2025 !

Armada & KNM no need to reply on Petronas projects, their sales mostly from overseas !
Velesto & Sapura have to beg for works from PEtronas, PEtronas kedekut in spending (looks like the case by this lousy new CEO, already said will cut down expenses in this week briefing ! )
Velesto & Sapura will be F this year !!!

"The number of rigs expected to rebound to 22 in 2021 from 14 in 2H2020 due to plummeting oil prices and movement control order (MCO) (Exhibit 10). While this is below the earlier 2020 target of 26 rigs, we expect Velesto Energy to experience improving asset utilisation towards the second half of the year. "
From analyst's report

Looks like can only see improvement in 2nd half of 2021 !

Just read most analysts' stock pick, most of them will choose Harta if they want to invest in Glove sector !
One analyst put it :- Harta is like the gold standard amongst all glove makers !!

Like me sum up this way for those newbees or novices in glove sector :-
Harta - Rolls-royce , Bentley class
Kossan - Mercedes, BMW class
Top Glove & Supermax - Honda Accord, Toyota Camry class (that's why so many people own it )
Comfort, Rubberex, Careplus, Mahsing - Proton, Myvy class
All the new comers eg AT, Talk-cock companies - Honda Cub class

Mr Tan KW,

My Stock Pick for Year 2021 :-
1) Velesto-WA 30 %
2) Sapnrg 30 %
3) KNM 20 %
4) Dayang 10 %
5) Hibiscus 10 %

Thank you very much !

This company is rated Top Loser in 2020 ( - 63.2%) amongst big cap caompanies in Bursa !! Tiew !!
https://klse.i3investor.com/blogs/savemalaysia/2020-12-31-story-h1538463770-These_are_the_top_gainers_and_losers_on_Bursa_in_2020.jsp

Come back 2028, you can't find this lousy this company, maybe "Bungkus" already !!!

Think logically this way :-
If a good managed company can treat their workers in a caring humane ways, they could also treat the minority shareholders the same !
If a company have just been exploiting their workers' welfare to maximize their profit margin, they could also treat the minority shareholders like shit !!

Harta 's management rating :- AAA+

Harta have been treating their foreign workers in the most humane way, I remember the CEO told the press that their accomodation standard (space per sq ft) is even better than the minimum requirement of international standard !!
They have been building up their good reputation and this is their brilliant management's style (which is the criteria for value investment) !!

This is the only glove company with caring, humane & honest CEO and family, slowest to jack up teh ASP in order not to burden the end users, good karma will repay those loyal shareholders who share the same value with the CEO's family !!

AFter reading this "Cheah Chor Sooi's articles", I can't help but feel that he should go and do more in depth research before embarrasing himself with his shallow opinion ...
No wonder smart investors won't read "Focus Malaysia"

AFter reading this "Cheah Chor Sooi's articles", I can't help but feel that he should go and do more in depth research before embarrasing himself with his shallow opinion ...

The "one of the big 4 glove makers' son" is Hartalega's CEO Kuan, obviously ...

This company relying too much on Petronas ' s contract, if Petronas don't spend , then MATI loh !!

Fucking stupid JP Morgan & those IB analysts, please downgrade Harta TP to 5.00 or lower, so I can buy at dirt cheap price !! Or those stupid short sellers and impatient traders, please dump your harta shares to a dirt cheap price until RM5 for me to collect !!! lol

Top active no use lah ! Top gainers only can celebrate ! lol

"He opined that the rollout of Covid-19 vaccines will help to restore demand for transportation fuels. Following Petroliam Nasional Bhd (Petronas)’s capex prudence in 2020, there is a reasonable chance that Petronas may do more drilling work from 2H21 onwards to offset natural depletion rates.

A key upside risk for Velesto is the potential for oil prices to rally above US$50 a barrel, resulting in Petronas accelerating drilling work."

Analysts' report highlight :- If oil price can stay above US$50 a barrel or higher in 2021, Petronas will only do more drilling work and Velesto's rigs utilization will be maximized ! Then only we can see profit in this company !!

I just read the above from the Edge ! There are corruptions in Petronas , no wonder no money to expand and pay to contractor like Velesto !! Most funds "makan" by corrupt officers in Petronas already !!
Hopefully the change of new CEO in petronas can expand their spending into proper channel and benefit Velesto in the future !!!

And while all these challenges are looming and taking its toll on operations, there is the shareholder — the Federal Government — which looks to the oil company for dividends and other forms of support to help in its running of the country’s economy during the pandemic. This requires the top brass in Petronas to perform the delicate balance of meeting both the needs of the company and that of the government of the day.

“We are very mindful that the Company’s Act requirement... solvency before declaring any dividend, is fulfilled, or else the board will be breaking the Company’s Act clause,” said Tengku Muhammad Taufik in the interview.

Quite recently, the oil and gas industry was abuzz with talk of several individuals at the national oil corporation being investigated by the authorities for corruption, another issue Tengku Muhammad Taufik has to grapple with, as there is no longer this perception that the national oil company has high standards of integrity.

"I know that there has been a growing perception that Petronas has become more susceptible to this kind of practice (corruption), particularly as it grows in size (as an organisation). I will tell you what my stance on this is — there is zero tolerance for corruption; if you are discovered, there will be no exception," said Tengku Muhammad Taufik.

At 46, Tengku Muhammad Taufik may seem young, but his demeanour, how he handles himself, his stature, confidence and capability — how he explained the numbers at Petronas — were impressive. And with age on his side, he could be at the helm of the national oil company for the foreseeable future and set the direction for Petronas' next phase of development including diversifying into renewable energy and speciality plastics.

A Petronas scholar, Tengku Muhammad Taufik served in the early 2000s as executive assistant to former chairman, the late Tun Azizan Zainul Abidin — the man who, among others, crafted Petronas’ mission statement to be an organisation of high integrity and professional values. The late Azizan was also the one who kick-started Petronas' global expansion.

according to my research , Harta IPO on 21-4-2008, at price of 0.16 (after adjustment for numerous bonus issues & dividends) , as at today price = 12.00 , the return is X 75 for 12 years !!
The ONLY problem is how many investors have this patient to wait that long ??

A long term value investor target price for Bursa best managed company Harta :-
2025 TP = RM100
2030 TP = RM500

Most oil counters shooting up already but this lazy bastard still sleeping !!!

To all the fucking stupid analysts out there, please downgrade Harta to RM5.00 TP !!
I want to buy cheap !! Please !
JP Morgan, please drop the TP to RM2.00 !! Please !!

不过呢，长期来说我依然相信 HARTA 值得超过这个价钱，毕竟在手套价格爆炸之前，大家所谓的 “OEM” 就让他们非常赚钱 是所有手套公司里面最高的一个，那么回调下来的话，我也相信 HARTA 依然是里面的王者！

好了，说到这里肯定会有人问我什么价位会去接飞刀 如果明天 HARTA 继续跌的话，我就做敢死队买一点点来收，到最后我还是相信一句话：

好公司，总有一天会被市场认同的。

To all glove-stock-believers, there is only one thing you need to do :- save enough money to accumulate more Harta when the price keep dropping ... hopefully touch dream bottom of 8.50 !
Then sit back and relax waiting patiently for their quarterly result for 2021 ... where ASP (and profit) will keep rising due to super-normal demand of gloves in the whole world to inject vaccine (easily x 5 of current glove-using rate ) ... which might prolong up to 2023 when the whole world is sufficiently vacinated.
Let the quarterly results to dictate the market price, by 2021, I can guarantee you all, those patiently holding up will see many fucking stupid investors to panic buy Harta again and chase the price up to RM40 ... at least !

IF Harta drops to 8.50, you can mortgage all your house, maximize your margin to sai lang all in liao !! That will be BUY of the year in Bursa trade !!

Yes !! Thank you very much JP Morgan, with your cunning anaysis, those weak holders will dump and cut loss at all costs to dump it all the way to 8.50 for those smart value investors out there to collect at dirt cheap price !!
Hope that next year short selling reopen, more and more fucking stupid people can short it down to 5.00 !! Yes ! our dream price to sapu all in !!!!

before March most analysts TP = 40-50 !!
But after that all pakat and reduce TP to 10-15, big bosses kedekut kah ?
spend few more bucks to pay them, analysts also need to minum kopi right ?? LOL

ask big sharks or velesto's big boss quickly pay the analysts well to raise the TP lah !! LOL !!

No need to curse this counter, please just cut loss and dump all your holding together with EPF until it goes down to 12 , please please please !! thank you !

Yess, if you have no patient to wait for huge gain by 2021, please dump all your shares until the price drop to 12 and below for me & other value investors to collect at cheap !!
please dump dump dump !! Thank you

Yes !!! Please drop some more some more !! All the way to 12.00 !! please !
Those fucking stupid fund managers , newbies, punters , speculators please sell cheap at 12.00 to me !!! thank you !!!

Harta price please drop down more !! To 12.00 hopefully !!
I want to collect this most under value glove stock and numbor 1 company in Bursa !!
Those stupid punters / speculators please sell HArta at price12.00 to me !! Thanks !!

My 5 year TP = RM100 .... by that time most newbie punters / speculators would have ended up in Holland already !!

Tiap tiap hari teriak MARI MARI, bila baru nak MARI kah ???