@ Bang Miskin, yes the dividend is a small consolation.

I have some exposure in HK Tech stocks and although it is also down I am comfortable in holding and even adding in that. May even double down there.

If I do decide to reduce my hoding in Harta, may consider switching to that as I think it has better hope of doubling from current levels than glove stocks.

It remains risky but as the saying goes, no risk no gain.

But current share price of Harta is just too low for me to consider it yet. I think there may still be a 10% or more bounce somewhere from current levels, so I guess I'll just have to wait and see for now.

Thanks Bang Miskin for the comforting words. Appreciate it.

Consolation, based on recent disclosures to Bursa, EPF hasn't been selling much lately.

As we approach 52 week lows, the weak holders or traders should have all gone by now. Its only the shorties left...

I am predicting that Harta could possibly trade between RM4.00 to RM6.00 in 2022.

Looks like the only way to extricate myself out of this bad position is to try to trade my way out, at least to a less bad position.

Of course, I could also dig myself deeper...

Having an Omicron specific vaccine soon is not a surprise. The vaccine makers would have certainly tweaked their vaccines sooner or later esp with MRNA technology which allows them to do so. Omicron gave them an excuse to do it earlier.

Soon the developed world will get another round of vaccination ie the Omicron specific one. We may too and the vaccine makers continue to make bumper profits which the glover makers were enjoying earlier.

As for gloves stock it goes back to the basics of supply and demand. Unless we have another "pandemic", demand will decrease and supply increase until market reaches an equilibrium. When that happens and what the equilibrium is , is anybody's guess.

For Harta , the best we can expect is that it trades above RM5.00.

In the short term, ie the next month it could very well test its 52 week low of 4.95.

For the brave that may be a trading opportunity as it could bounce back 10% to 20% off such lows or more, esp if another bad variant emerges.

Kudos Observatory. Your clarity of thought is excellent.

I started in this investment game late. I am in my early 50s.

I set aside some money for investing in the stock market in 2020 when the FD rates fell to miserable levels last year.

Bought into companies like Shell and HSBC when the prices dropped to 25 year lows during the pandemic. Luckily made some money in those investments.

First bought Harta in January last year when the prices fell drastically due to short selling ban being lifted early Jan.

I recall reading analyst in late 2020 early 2021 still signing praises for Harta.

Within a month in 2021 I made 30k and then I got greedy.

Started buying more as the price went down always expecting it to rebound.

In hindsight, how I wished I had just cut losses and walked away.At one point I could have broken even taking into account my 30k gains.

Greed and foolishness got the better of me.

Now I'll probably soon be 45% down from my average price of RM9.00. It has been a painful experience.

I don't expect it to rebound back anywhere near my average price any time soon.

Even RM7.00 now seems to be wishful thinking unless a miracle happens.

My last chance to cut loss was probably when it was above RM6.00. That ship has also sailed.

I have now resigned to the fact that I'll be stuck in Harta for the foreseeable future.

Probably consider myself lucky if it stays above RM5.00 but the speed that it has gone down over the past few days makes me believe that the worst isn't over yet.

Used to console myself that the dividends are good but Obsevatory may be right and even that is now in doubt.

Just got to sit back and accept that this may have been my worst decision in my life and move on.

The stock market seems to be more like gambling than investing....

Hopefully the worse is over and it stays above 5.

Bang, its just the gambling culture in Bursa

So tired of all the negativity surrounding gloves esp Harta.

I still believe this Company is in a better position than it was pre pandemic and therefore it should be worth more than it is today, so for now I am not selling.

If I have spare funds may considering buying more if it goes below RM5.00.

Posted by Ryan83 > Feb 9, 2022 9:29 AM

"After oversold Harta share price will rebound as profits still double pre pandemic profits and share price now is pre pandemic price"


This and it cash levels mean it has to be worth more than pre pandamic price once sentiments clear.

JP Morgan's TP already RM4.00, which is absurd.

From NST

"In line with the company's commitment to enhancing shareholder value, the board declared a second interim dividend of 14.8 sen per share single tier for its financial year ending March 31, 2022.

Hartalega will pay the dividend on March 9, 2022."

Wah, Top Glove up 12% today!

I dont think retailers are moving the price of this stock up.

Any movement are from the market makers and institutions.

If foreign funds come back, maybe it will be sustainable. Lets see ...

I think QR should be out next week as this week still CNY.....

RM2 to RM3, I pengsan lah. But that really wont make sense. Bursa may as well close shop as nobody will invest here anymore.

I guess dividend only small consolation for those of us still holding on to our shares.

I have accepted the fact that I will not be seeing my average price of RM9.00 anytime soon.

But the current prices seems too low. I would think that the Company is still making more than it was before Covid, RM7.00 would be a fairer price for Harta.

My only regret is trying to average down too fast.

I would be happy to own Harta at RM5.00 as there is upward potential at this price.

However having already dumped 45% of my portfolio money into Harta, cant afford to buy anyone.

Its frustrating....

Last year Quarterly results were on 25th January. This year no news yet. Dividend should be about 15 sen this quarter.

EPF keeps selling, doesnt seem to be much buying interest.

Just enjoy dividends for now, while it lasts.

Really crazy. Making money and better than most companies on Bursa but price dosnt reflect it, what to do. Just sit and wait loh

Bang Miskin , hope you are right.

Hope you are right bang. I am hoping for a high of RM8.00 sometime this year. That would probably be best case scenario. At that price, together with dividends since last year I would have broken even. Fingers crossed...

Good advise, Bang Miskin. Slow and steady.....

Broke RM6.00. Next stop RM7.00. Slow and steady.

Really thought it would hit RM6.00 today. Hopefully next week.

Probably better slow and steady. But feels really slow. When drop so fast.

Have a great weekend guys.

Finally EPF started buying again on Dec 31. Hopefully its a good sign for 2022.

I am suprised it hasnt breached RM6.00 yet. But I guess slow and steady is better that last months rocket to RM7.00 which was not sustainable.

RM7.00 TP for 2022 seems to be reasonable, but it needs to be able to stay at those levels for some comfort for us.

Bang Miskin is right. Historically, Harta gave out bonus issue once every 3 years. Bonus issue was due last year but derailed by drastic drop in share price.

The recent high case numbers seems to have no effect in share prices. I wonder how the ASPs are doing. If hospitalizations stay low, then probably not much effect.

I think unless there is foreign interest in Bursa, share prices across the board will probably stay flat this year.

Was hoping for a good close to the year but unfortunately isn't meant to be.

I'd probably be happy if it closes above RM5.60. Next year is a different ball game .

Happy New Year guys. My New Years resolution, stop looking at this counter everyday.

I am hoping for RM6.00 this month and RM7.00 next month, hopefully some good quarterly results to boot

Finally some movement. Hopefully sustain through the new year. TP RM7.00

I must say its been a bit disappointing. I had expected the share price to be RM6.00 by now with all the negative news surrounding Omricon. Double vaccines are not working to prevent infection. Cant boost everyone in time before the next wave in Europe and US. Demand of gloves in Q1 of 2022 should go up. Inventory should be low as buying slowed down in anticipation of lower ASPs. So RM6.00 for Harta is not unreasonale target for this month, could even touch RM7.00 next month. Sitting back and watching it.

I think with Omicron , the share price should stay above RM5.00.

I don't think it will jump up to RM7.00 like 29th Nov but should go above Rm6.00 soon if the negative news continues.

Its really so hard to predict. Sitting back and watching.

Btw , Top Glove directors started buying shares already.

Ya, we ikan bilis can't move the market. Its the smart money.

Until there is a clear reversal of trend, probably best to stay on the sidelines.

Just watch. Nibble here and there for fun if you want.

Of course the dark horse now is Omicron, and if its really bad over the next few months, we may see another run up to RM7.00, albeit a slower one.

If I didnt have 40% of my portfolio in Harta , I'd be happy to buy at the current prices. But Im too exposed and am saving what little spare cash I have if Harta goes down even more. Lets see....

Somebody must be buying as it is not free falling today. I am tempted to add to average down but decided to wait first.

Its a relief that it close above RM5.00 today, but its going to be tough unless the institutional buyers start picking it up again. There has to be buyers to support the price. Thats definitely not coming from retailers. All burnt already...

Looks poised to test and breach 52 week low of RM4.97 today. Sad...

I think the Top Glove recent QR results shook the confidence a lot of glove fans. Probably the straw that broke the camels back for many.

If Natsuko is right about China throwing the price then things wont look good for the foreseeable future.

What a lesson in investing!

Another bad day for Harta. When it didnt hold above RM7.00 in the recent spike , I had a feeling that it would revisit RM5.00 but Top Glove's results exacerbated what was already a bad situation.

Those who wanted to cut loss would/should have done so by now. The rest of us are in for a bumpy ride ahead. Strap on guys......

Already breached Rm5.00 before, nothing new , only hoping Harta's results not as bad as Top Glove

Aiyoh, I dread 3-4 but if happens what to do.....just buy some more. This cant go on forever...

Fasten your seat belts, we are going to go through turbulence.

All glove counter will be whacked out of shape. I am predicting TG will breach its 52 week low of 2.16 either today or Monday.

Harta may retest its 52 week low of RM4.97 too!

In too deep now to bail out. Last chance for me was probably at RM6.00 plus.

Now only question is when do I double down. Do I do it slowly starting at RM4.80 or at RM4.00.

Sure to breach 52 week low of RM2.16 . What did JP Morgan forecast, RM1.50? Crazy.

What the hell happened to Top Glove? Before this at least the profits were still good. Well maybe a blessing in disguise. Just get all the bad news out this year. Next year start fresh....

52 week low was 4.97. That's 10% away. Could happen by year end.

Makes no difference to me since I am not trading.

Should learn to stop looking at the price and this forum.....

Well said Bang Miskin. 50% above current price of say RM5.60 will bring it to RM8.40. Hopefully, it will recover to those levels when all the uncertainty clears up.

Until then any drop below RM5.00 should be treated as a buying opportunity.

The movement fro RM5 to RM7 shows that if there is another scare like Omricon in the future, this jump could happen again. Otherwise, once it bottoms out, it will probably move sideways until slowly moving up again. RM7 would seem to be a reasonable target sometime in the hopefully not so distant future.

Maybe the trend may change when EPF stops selling.

I missed the recent run up from RM5 to RM7.

As Bang Miskin said , if it does go to RM3 to RM4, it would be an opportunity to buy some more.

I am hoping it moves back up to RM6 and stabilizes around there but based on current sentiment it may be wishful thinking.

The only positive from all this is that it would deter new entrants to the glove industry and long run ASPs will stabilize.

What a year it has been so far for gloves.

Wonder if any more surprises in the next few weeks until year end?

Jolynce, Bang Miskin. I've sent you private chat message for your opinion.

Needs about another 10% jump to move comfortably into RM7 plus territory.

Probably need more panic from the market for that to happen.

Well this week has 3 more trading days, so should be interesting to watch.

Today if can finish green above RM6.40 , good already. Live to fight another day

Only pressing the keyboard.