2) management expects the demand-supply equilibrium to take another 24 months to rebalance.

Another 24 months to rebalance.....Not an issue at all to Philip

He always buy n hold for 10 years

Posted by observatory > 1 hour ago | Report Abuse

Extracted from several reports today:
Maybank:
1) Management has turned more bearish on the sector outlook given stiff competition. We understand that ASP has resumed its downward trend since June 22 after stabilising in Apr-May 22 and utilisation rate has dropped to 50% (in line with the industry), from 70% in Apr-June 22,
2) management expects the demand-supply equilibrium to take another 24 months to rebalance. Prior to 2024, it will focus on sharpening its capabilities and improving cost efficiency to prepare for recovery, and
3) management no longer enjoys premium pricing for its products due to stiff competition.

Affin:
Management mentioned that in a worst-case scenario, the current overcapacity situation could persist past 2023

Hong Leong:
We caution that Hartalega could be at risk of being booted out of the KLCI in the upcoming FTSE Bursa Malaysia KLCI semi-annual review should its share price deteriorate further, as it currently ranks at the 35th spot (based on 9th Aug closing).

It seems that the over capacity situation will persist for quite a while yet. Those looking for opportunity to add could probably wait. Exclusion from KLCI, if happens, could trigger another round of selloff as seen in other stocks.

Share price drops Rm0.30....

But happy to get div Rm0.035 later

Long term investors here can always find some reasons to make them happy

2) management expects the demand-supply equilibrium to take another 24 months to rebalance. Prior to 2024, it will focus on sharpening its capabilities and improving cost efficiency to prepare for recovery, and
3) management no longer enjoys premium pricing for its products due to stiff competition.

Affin:
Management mentioned that in a worst-case scenario, the current overcapacity situation could persist past 2023

Still can do down averaging for the next 2 years

All u long term investors here must be very happy loh

Hope so...pls pray 3 to 5 times a day so dreams will come true

As price rebound more than 60% fm its low of RM0.55 few weeks ago, so whoever bought at current level may have to prepare for some selling pressure if the coming Q result is so so

Listing expense is Rm4M+ as per their Prospectus....

Lets c

Waiting for Q result, may not be as good as last Q coz last Q included one off gain of RM2M+

Somemore this Q incurred listing expense

Dont say i never warn....lol

Posted by Cerubic > 12 minutes ago | Report Abuse

Day one 2008, passed through the norm, peak price and the low price now with cost of investment recovered long time ago. Not much affected by the up and down coz no god of gamblers like you guys making big bucks short term, lol.

If u say u can fly more will believe in u....lol

But still not as bad as Greatec n UWC, both are 1000% over their IPO prices....damn scary

Posted by Benhobenho > 1 month ago | Report Abuse

One need to be a risk taker to buy this stock. Still command 100% premium over its ipo price of 0.30

Basing on this Sifu's theory, now price of Rm0.90 is 200% premium over its IPO price of RM0.30 is much much riskier

Harta was RM5+ during Oct 2021.

Drops less than 50% ...still got some div....so maybe suffer loss ard 30%+ only

Your Day one in Harta was in Oct 2021 ah?

Fm RM0.50+ to RM1, only drop Rm0.10 meh?

Can drop faster or not? Boring leh

Never ending down averaging opportunity since End 2020

Never ending cash reserve to do so

I really salute all the long term investors of glove co

Ytd only lose 6.97%? Betul kah? Got creative accounting ah?

It seems mkt also happy with their latest Q result...

Only drops Rm0.15 or 5%+ even though profit before tax drops 38% fm last Q...

Lose till sok sok...living in denial

Still not yet out of the woods....may hv many more Qs to go

Last Q kena cukai makmur...

Overall sales drop profit b4 tax drops most likely ASP also drops

Walau A how on earth Purebull can interpret Harta latest Q like that???

Sales drops 12%+ while profit b4 tax drops 38%+ fm last Q....

Sales drops 10%+ while profit b4 tax drops 38%+ fm last Q

Dont ask me how he managed to do so....

Not easy for OTB to lose money in stock mkt since RM1K subscription service is being launched few years ago

Buy first n sell first...

Even BSL he also can made few hundred K despite the stock plunged like hell after his buy call

Sslee

KYY is trying to say if you feel sad about losing money in stock market then feel free to read my article on how much money I lose in Sendai, JAKS, Dayang and etc to make you feel better.

1 hour ago

Haha,yr level of sarcasm has improved a lot.....

Wait to see Glove Co stops posting lower Q prpfit first.

U sure ah? Hv to fight with China Glove Co for years to come....

Fm my years of observation, those who talk God everyday one r mostly retaxds or conman.

Anyway as long as u r happy with yr TA skills to make few cents fm SFP i also feel happy for u....good also lah if u can make few K n can go for yr Holland trip

U hv no clue at all what kind of co is SFP right?

Both UWC n Greatec gone up more than 10 times fm their IPO price in 2 to 3 years time

I m not greedy...lets test 5 times first

Again, I will rather believe if u say u are not impotent than all yr tips.....

Posted by rr88 > 5 minutes ago | Report Abuse

If u dont want monkey trades charles, you go n buy TopGlove n hold until next year. I hv 2mil$ inside for 7 weeks oredy. I no jump in n out there bcause its a SERIOUS INVESTMENT, not a monkey trade as in sfptech.

Nah...if TG can go up few cents u will sell all......lol

Making few cents a day also happy loh

I hv build my position 2 months ago at 0.60+ n hold for long term

Meanwhile still can trade some for chicken rice money like u lah

Can fly to Holland to fxxk another of yr mistress too...lol

Posted by rr88 > 1 hour ago | Report Abuse

Wow! Still alive.
In q to sell 2,000 lots at 0.995..

If tmr above RM1.00 rr88 will q to sell another 5000 lots at 1.05

Warming up for GE15

warming up for GE15

Posted by rr88 > 9 minutes ago | Report Abuse

CharlesT. Still new to stock market? The success in stock market is not measured by how much you make; its measured by HOW MUCH YOU DONT LOSE. Managing downside risk is much2 more important than trying to make money. Understand?

U dont like my compliment ah? Making 1.5 cents gain is not bad lah for u in this mkt....hehe

Rr88's TA skills helps him to earn 1.5 cents fm SFP...not bad

Just buy at this low level n hold for GE15

Rr88 hope yr prediction of support point will come true again....hehe

Rr88 i also hope yr TA can pakai this round

Breaking new high

After Glove Saga it seems to me the goreng cycle (plantation n refineries) becomes shorter n faster.

Learn how to catch cyclical stocks such as steels, oil n gas, plantation etc

Timing is everything.

Buy at low n buy more when prices started to climb n sell phase by phase along the uptrend.

Of course talk cock (buy low sell high or sell high buy low) is easy. In real life it's not as simple as that.

But one golden rule when u see lots of sifus or seafood started to give sky high TPs with essays long calculations then it's time to......

Nope.They are very serious in their biz....

Their biz is to goreng shares

Hv to fight with China for many years to come

C who die first...

Meanwhile, stay strong n stay alive n pray for the next pandemic