Happy Weekend everyone!

Calvin, Malaysian covid cases have no effect.

Jolynce, too early for European cases to have any effect yet on SPs, unless ASPs start moving up again.

Only institutional buyers can move share price now.

Retailers all koyak already.

Maybe some fellows trading to make loose change.

If I see movement now, it's pure manipulation...pump and dump before ex dividend.

I am not falling for it.

Ex dividend, end up losing more than value of dividend.

I am not complaining anymore.

Will be happy to pick up under RM5.00.

In fact I'll be disappointed if it doesnt happen.

Anyone interested in buying Harta should wait until next Friday.

Guaranteed you will get it at a much lower price than today's closing.

Don't allow yourself to fall prey to these manipulators.

The next 2 weeks will be very interesting!

Exactly Jolynce. RM5 billion, that bigger than a lot of Companies Market Capitalization!

I am definitely buying if it goes under RM5.00.

In fact , I can't wait for it to do so now.

Mini 2021. That's why it doesn't make sense.

One important lesson, never trust Target Price of investment bankers. Not worth the paper they are written on.

Either too optimistic or too pessimistic.

Last year, they were over the moon with gloves.

This year its like its infected by the plague.

I am just going on my gut feeling and logic.

Nothing fancy.

All the fancy reports , projections and calculations are useless.

The IBs got it all wrong last year.

For me if this Company remains profitable albeit less than the past year and continues to pay more dividends and has cash a very healthy cash balance , all better than pre pandemic, it should be worth more than it was pre pandemic.

In fact its probably better than most companies on the Bursa.

I am not even talking RM8 or RM9.

I believe it was above RM7.00 in August 2018. That was well before the pandemic.

So my TP of RM7.00 , I think is fair.

As such, I am happy to buy at RM5.00 or below that.

At least I get to average down evetually to my TP.

In fact I can't wait to do so.

Why buy something that is fully valued or worse overpriced.

At below RM5.00, Harta would be a bargain.

If it keeps going down I'll just continue to buy.

I am so fed up already, just wish we are put out of our agony.

Just wish it drops below RM5.00 so I can start buying.

All waiting for it to go below RM5.00, may become a self fulfilling prophecy

My average price is RM9.00.

Seriously considering doubling down if it goes below RM5.00, which is looking very likely now ex dividend date.

That would bring the average to RM7.00 or below depending on how low it goes.

I can live with RM7.00 with yearly dividends of say 35 sen which works out to 5% per annum. Thats double the best available FD rate.

Only downside is I may miss out on other investment opportunities whilst waiting and "hoping" Harta recovers.

But I am determined not to loose money and have confidence in this Company, so I guess I'll have to put money where my mouth is.

The lessons I've learnt from investing in Harta, I will remember a lifetime.

But no regrets.

I am happy to have made the acquaintances of all of you here. The support helps ease the pain of paper losses.

Jolynce, I may also use the dividend I earn to reinvest into Harta if it goes below RM5.00.

yes, hopefully.

Cerubic, you are absolutely right.

Share price beyond control of retail investors like us.

I am pretty much resigned to the fact that I am stuck with Harta for the next 2 to 3 years.

I am not selling at these prices although in the short term it may fall somemore.

Harta will most probably continue to make profits and pay dividends during that period.

Based on my average price of RM9.00, and based on the best available FD rate of 2.50%, as long as I get above 22.5 sen per annum, it will be more than FD rates.

I may average down somemore if it hits RM5.00 or less but I am doing nothing for now.

Of course in the short term it may even test RM5.00, particularly if there continues to be no interest from institutional investors in the coming months or if Dow Jones gets a 10% to 20% correction which will likely spill over to Bursa too.

There is a lot that can happen to push the price downwards in the short term.

We only need a 10% drop in Harta to bring it to RM5.00.

But in the long term , say 2 to 3 years, RM7.00 to RM8.00 is still possible.

barring another pandemic of sorts, I doubt we will see RM9.00 again, so for me averaging down when I have spare cash may be the only option whilst I wait for the clouds to clear and institutional investors return.

Going Ex on 17th November, that's next week. Let's see if got run up to RM6.00 by then.

2.5% drop without any good reason. Frustrating to watch the price fluctuate like a yoyo. Good if you are trading I guess.

Jolynce, I am sorry. I didnt mean it as an offense. Both your comments and Bang Miskin's comments have been very helpful to a newbie like me. I really look forward to reading them. Happy birthday in advance.

I guess Im just frustrated to be stuck at such high price .

Your idea of trading to try to reduce losses makes sense. I am still thinking what to do.

The NST article obviously wasn't helpful to the SP.

Anyway I am going to try to enjoy my weekend. Cheers everyone.

BTW

Ex Dividend Date Nov 18, 2021 *

Payout Date Dec 02, 2021 *

* Correct?

Yes Calvin. I did.

You guys getting excited on 30 sen gains. I am sitting on RM3.00 loss per share.

Only consolation for me is the dividends which in 2021 has been 82.3 sen.

If next Quarter can get 17.7 sen dividend, would total up to RM1.00.

Next years total dividend may be half of this years, say 40 sen. Still not too bad if SP settles to around RM6.00 next year after the the clouds clear.

Of cause short term we may have more downside but should bounce back.

The irony is MR DIY reported 90m profit and 0.65sen dividend and its hot.

Harta made 10x that at 900m dividend and 35 sen dividend and trending downwards. Silly isnt it?

Now all eyes on Harta's Quarterly Results and Dividend payout.

Looks like not much impact on SP from prosperity tax.

Already beaten down I guess.

Now need to wait for Quarterly results. Bumper dividends may just push it above RM6.00.

Harta much more volatile than Maybank.

Maybank at RM7.99 was still not attractive enough for me. Anyway above RM8.00 already today.

I expected it to go down to RM7.80 on the potential 5%-6% drop in 2022 profits after tax but it didn't.

I guess too much liquidity in the market.

Sadly, not enough interest in glove stocks for now.

Best case scenario for Harta in Nov is probably RM6.50.

I'd be happy if it just gets to and stays above RM6.00.

Monday will be an interesting day. Not only for Harta but also for other blue chips. Will be on the sidelines watching.

So I'd probably pick up some below RM5.50.

Well, the difference in tax rate is 9% (33%-24%). At most, would be a knee jerk reaction on Monday causing blue chips to drop b/w say 2% to 5%.

In Harta's case maybe retest recent low of RM5.44.

My guess is that it drops to RM5.50 and bounces back up in anticipation of bumper dividend.

RM6.00 by Deepavali?

All this attention to one stock because I over invested in it. 45% of my portfolio in Harta alone. How did I get here? Averaging down albeit too early.

I have learnt a very very important lesson. Diversification. Luckily I bought Royal Dutch Shell when it was low last year. That somewhat compensates my paper losses here. Hopefully.

I didnt know dividend is based on previous QR earnings. If that is so , this quarter should be bumper dividend. 39 sen is double of last Quarter's dividend of 19.75 sen.

Bang Miskin, is this true?

The last 4Qs , Harta paid a to total of 50.95 sen in dividends as follows:-

Q2 2020 3.85 sen
Q3 2020 9.65 sen
Q4 2020 17.70 sen
Q1 2021 19.75 sen

Total 50.95 sen
Yield 8.91%

Of course no one expects that but if the share amintains a price of say RM6.00 over the next 4 Qs and pays an average dividend of say 7.5 sen, thats already a return of 5% which is double the best available FD rates for 12 months at 2.5%.

So I'm happy to hold it at RM6.00.

Hopefully dividend not cut by half. Anything more then 15 sen would be good.

Looks like we are all trapped.

If can rebound next week to RM6.00, I might top up.

It was either sell at a loss at RM6.50 to RM7.00 or buy at RM5.50 & RM5.00 to average down.

Looks like the former isn't happening anytime soon. So guess just have to dig in for a very bumpy ride. Havent decide whether to add at RM5.50 or RM5.00.

But as with Bang Miskin, I too am looking to add now if it goes below RM5.50.

Goody99, news on antiviral treatment out last month already I believe.

Any idea when exactly is Harta's quarterly results. Thks

If kena ban and share price falls below RM5.00, just buy some more.

Amonngst all glove companies, Harta will survive. Only money stuck longer. Just consider it as long term FD.

Choon, if Harta goes to RM3.00, might as well close Bursa down. The Company is making Billions in profits . Surely must be woth more than that. If not for the Short Sellers we would be 20-25% higher than current share price.

Based on previous years record QR should be end Oct or early Nov.

As for dividend, I am predicting 15 sen plus minus 10%. But nothing to shout about as all that can be wiped out ex dividend date.

Price seems to be holding at RM6.00 plus for now. However still thin volume.

Yes, someone is picking it up. I wonder who.

Yup, Harta is probably one of the good guys of ESG.

Bang Miskin, your comments really make sense, thank you.

I agree with your observation that whilst EPF is selling, someone is buying. This is revealed by the apparent support at RM6.00 level. But who is the mystery.

Not having an inkling as to where the share is headed makes it very difficult to decide what to do.

From here, if it is trending upwards say to RM7.50 within the next 12 months I'd be happy to hold and even buy more.

If it stays at this level, I'd probably hold and enjoy the dividends.

But, the elephant in the room is whether it will drop further and if so how low?

With my Alibaba shares, even when i was down almost 35% at one point I wasn't worried as I am confident that it will bounce back.

I didn't top up as I told myself that i had reached the limit with 15% of my portfolio, having learnt my lesson with Harta , which sits at about 40% of my portfolio.

Well lets see how this week ends. Hopefully above RM6.00.

Barring a surge in buying by some institutional investors, RM6.50 this month doesn't look likely.

The key I think is China, if it's energy crisis gets worse and they ration power supply more, Msian gloves may do better for the next 6 months.

Well , one's misery may well be anothers good fortune.

As Bang Miskin said, if can close above RM6.00 today is a big win.

I am confident it will. Looking forward to RM6.50 this month before quarterly results. That would be a real bonus.

Talking about bonus, Harta used to give out bonus shares every 3 years in the past:-

2012,2015,2018

Judging from that trend I thought it would have given bonus shares this year but I guess market uncertainties that it is not in the cards now.

I am optimistic, hoping it goes to RM6.50 before quarterly results.

i think past trends reveal a jump in price before results, but not really sure.

But someone is buying but who?

Otherwise will surely go below RM6.00.

Fingers crossed. Hope to see continued support at these levels. RM6.50 this week would be a bonus.

Thin trading today. Expected as tomorrow is a public holiday.

Let's hope for a better week ahead.

My average price must higher, so need to wait longer. Sigh....

Lets hope the momentum continues.

Hopefully it closes above RM6.00 today. Thats a consolation.

Expect it to do better and as Bang Miskin said, RM6.50 before QR would be nice.

But despite all this there is always a concern that any bad news may push it towards a new 52 week low, closer to RM5.00.

I dare not trade. If it shoots up fast I may be left high and dry. So just watch on the sidelines for now.

Yes, I think China factor overblown. With their energy crisis now, it may not be worth it for them to concentrate on gloves esp with the ASPs moving south. So Msian gloves may be saved from an onslaught by the Chinese. At least for now. Hopefully the share price consolidates above RM6.00.

Thanks IdleMoney for the update.

As per Bang Miskin, cant rely on EPF buying and selling. Very erratic, don't understand them. Unfortunately thats the only info we get apart from buying/selling by directors or the Company itself.

Anyway, its really a relief that the SP is above RM6.00. I can stomach this range for now until the clouds clear.

The recent very low TP by IBs is what upset me. RM3.99 is just absurd!

There was an interesting video I watch last night on YouTube.

Its When To Sell on Fifth Person

https://www.youtube.com/watch?v=Tq2dYjP5rF4

Well I am happy I didnt watch it earlier, may have influenced me.

I was planning to buy some at RM6, to bring my average price down from RM9.00 to RM8.50 but got cold feet went it went below RM6.00.

Anyway, I hope we don't see anything below RM6.00 but if we do may consider it again.