Thx u hng33

After reading the pusing article, I leave the 'subsidiary' part open to question. I did some Googling and couldn't find prove of it. So I guess I was wrong.


Huangbk72

@Chipee

U should read the article carefully.

Mun Health is a subsidiary of Hartalega

Sslee

Name of company Country of incorporation Principal activities Proportion of ownership interests and voting rights held by the Group
2024 2023

Subsidiaries of Hartalega Sdn. Bhd.
MUN Health Product (India) Pvt Ltd (1) India Retail and wholesale of gloves 81% 81%

Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...

Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.

This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .

Ok... I read the Indian article again and finally straighten things out. Typical India talking pusing pusing. ...

Mun Health (buyer in India) imports non-medical gloves (chlorinated) and sell them to hospitals at cheaper price. Bcoz non-medical gloves are cheaper. Mun Health is undercutting other suppliers in India by cheating. Mun Health should be punished instead of banning Harta. Has nothing to do with Harta. Harta just sells what is ordered by Mun Health. Mun Health gets Harta to OEM the glove under "Glove-On Eureka" brand.

This Indian article talk about mislabelling la for the port of entry bla bla bla .... purposely declare as non-medical so no need to submit certification la just to blame Harta ... wahlau... .

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

US-China rivalry. Which Msia industry benefit from this scenario? With Ukraine war and BRICS, globalization is shifting big time. US tariff on China already showing us the possibility. Will EU, Canada, Australia, Japan and South Korea follow on the tariff on China? Place your bets. I bet US and USD wins. US increase rates, other countries suffer proves the world in addicted to USD via Eurodollar systems. This is the macro economy idea to bet on Msia gloves.

Supernoob

frankly so many stocks..why glove? haha..this are the questions that you must ask yourself before you invest in this company.

Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

Again and again ... Told you learn about macro-economy. But you keep talking like tin kosong. Cutting rate is not stimulus. The more you talk, the more ppl know you stew-pid. 😂


NatsukoMishima

China glove will be 0 cost with strong stimulus plan from president XI

Yeah. Harta subsidiary in India mislabel their chlorinated latex glove as non-chlorinated and sold to hospitals at cheaper price. It's really about money and tax I think. Don't think shithole of a country like India cares about the environment.

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

USD coming down is good. Cost of corn and soy becomes cheaper..

Good share from Michael Lee

US, EU and Canada are more afraid of China deflation coming to them. Why do you think they are setting tariff on China? Macro economy. Pls learn it. Don't make noise like tin kosong.

NatsukoMishima

Without china product US inflation will resurge back ! They wont allow it happen !

How do you report on capital gain to IRB? As I know there's no capital gain tax. Or no need to report at all even when for day trading.

"Attractive Dividend policy"? Hahaha.... Hartalega only recently give dividend since their last dividend in 2022.
Kossan has been constantly giving dividend. Sell your Hartalega and buy Kossan. Kossan should be same value as Hartalega.

WDCQ_I_am_legend

https://youtu.be/tkuYRBsxxxA

Let day traders clear their holdings. Long term investors can hold until Q125 to see the effect of the tariff.
Q3 & Q4 2024 is pretty much irrelevant.

Nutsuko got burnt bad by glove counters. Now he pissed off. 😂

findfreedom

I don't understand NatsukoMishima like 跟glove counter有仇

FED cut rates. We are back in lower rate. Good for LHI high debt situation.

China is crying NOW!!! What are you talking about "you can't beat China"? 😂
US, EU & Canada tariff on China is enough to beat China. Even before the tariff, China was already dying with Evergrande blow up. Until now China hasn't recover.

NatsukoMishima

U cant beat china , they have many way to byass the tariff , worst case the tariff will impose on malaysia glove also ! Next week u all will cry !

Depends on the lead time from order to delivery. If the contena arrive in US port 2025, they will get tax. So they have about 3 months. Moreso with the Red Sea crisis and the shipping lane is longer, delivery time is delayed. Don't think they would take such risk.

Patient Investor

Before the tariff kicks in, I expect China manufacturer will maximise machine operation tosell as much as possible, even at losses to recover invested capital. before the equipment and raw material become scrap.

Do you guys think glove can be for long term hold? Base on following factors:
1) Tariff "protection" from US since USTR review their tariff every 4 years.
2) Destruction of China glove manufacturers. Intco alone produce 75bill gloves annually. That is enough for Msia & Thai glove makers to shares around.
3) Possible tariff from Canada and EU since tariff on China is in the agenda following US lead.

Yeah. 😂

With Kossan securing good earnings in coming years, I'm pretty sure they can reward good dividend too from the Rm2bill holdings.

The funny thing is ... he thinks every trader here is dumb to believe him.

US target China manufacturers even if their products come from Mexico or Indonesia. And here you are again talking BS.

NatsukoMishima

Why IB never told u that China will set up factory at cheaper countries to bypass tariff ??? Try imagine what will happen to malaysia glove if they announce this step !

In Harta forum is already told you US target China manufacturers even if their products come from Mexico or Indonesia. And here you are again talking BS.

NatsukoMishima

Why IB never told u that China will set up factory at cheaper countries to bypass tariff ??? Try imagine what will happen to malaysia glove if they announce this step !

Yeah. Good analysis. Expect it to go up and down from day traders. By the 4 years end, China glove manufacturers could had been battered badly for Malaysian manufacturers to thrive even longer.

Yes, I'm observing the trend until the election. Earnings won't show up on the tariff until 2025.

KimSua

I suspect this will not be a one day show. Will not swing too soon as the momentum is just right with feds interest rates decision on wed. The closing few hours volume continue to come in. Good luck for tmrow.

Did some research on this matter too last night. Couldn't find any ... just on EV. My suspicion is that China is experiencing deflation and tariff is necessary on China to protect markets in Europe and US. But it's long shot. US tariff is pretty good impact for now.

KimSua

Looking at EU and Canada tariffs on China ev and I am sure other industry will follow the precedent set by US administration. They always follow the big brother. Will scout around for the news.

Hopefully foreign investors push it up higher. Good timing since foreigner investors coming into Msia market.

I'm wondering if Canada and EU will follow on this tariff hike? Canada has the highest chance. EU is still trying to buddy with China bcoz their luxury goods export. But China already slow a lot in luxury purchase.

US will impose tariff on China manufacturer whereever their factory is.
Google it

The US has announced new rules targeting firms from China and other countries that are routing shipments of steel and aluminium through Mexico to try to evade tariffs. The White House said firms shipping via Mexico must now prove the origins of their products if they want to avoid the border taxes.

Nut-suko mata merah ... 😂😂😂

Xiaoeh ... 50% tariff is in 2025, 100% in 2026 ... 3 months to 2025. So lets see how fast they build their factory.
And I'm pretty sure our glove companies are not related to China manufacturers.

Not my imagination.
Take it seriously. .. 😉

Wah KimSua... you beat me to it ... HUAT AH!!!!!

GOOD NEWS GUYS!!!

"Considering the public comments, the specific direction of the President to increase
tariffs on medical gloves no less than 25 percent in 2026, and the advice of the Section 301
Committee, particularly agencies involved in U.S. medical preparedness, the U.S. Trade
Representative has determined to increase the rate of additional duties on medical gloves to
50 percent in 2025 and to 100 percent in 2026."

https://ustr.gov/sites/default/files/Section%20301%20Modifications%20Determination%20FRN%20(Sept%2012%202024)%20(FINAL).pdf

GOOD NEWS GUYS!!!

"Considering the public comments, the specific direction of the President to increase
tariffs on medical gloves no less than 25 percent in 2026, and the advice of the Section 301
Committee, particularly agencies involved in U.S. medical preparedness, the U.S. Trade
Representative has determined to increase the rate of additional duties on medical gloves to
50 percent in 2025 and to 100 percent in 2026."

https://ustr.gov/sites/default/files/Section%20301%20Modifications%20Determination%20FRN%20(Sept%2012%202024)%20(FINAL).pdf

USTR increase tariff on glove and facemask from 25% to 50% at delayed date (Didn't mention exactly when). Facemask was supposed to be in 2024 and glove 2026. So when? 2025?

https://www.reuters.com/business/us-locks-steep-china-tariff-hikes-many-start-sept-27-2024-09-13/

USTR increase tariff on glove and facemask from 25% to 50% at delayed date (Didn't mention exactly when). Facemask was supposed to be in 2024 and glove 2026. So when? 2025?

https://www.reuters.com/business/us-locks-steep-china-tariff-hikes-many-start-sept-27-2024-09-13/

I think USTR put on hold the tariff announcement after Trump-Harris debate. So Trump won't have the bullet to use in the debate.

Yeah ... F them big time. 😂
ChandranG

What goes around, come around. Your turn to get shorted, Kenanga 😁

More tariff is coming ... Canada. Hopefully they target on gloves too and EU follow suit.

https://insidetrade.com/trade/our-most-read-canada-targets-chinese-evs-steel-and-aluminum-hints-more-come

Kenanga share got short kaw kaw ... hahaha ..
Happy their stocks get trashed. The trashing will continue after the suspension. 😂

https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank

Kenanga share got short kaw kaw ... hahaha ..
This IB always down play glove stock. Happy their stocks get trashed. The trashing will continue after the suspension. 😂
https://www.thestar.com.my/business/business-news/2024/08/29/bursa-malaysia-suspends-idss-for-kenanga-investment-bank

We can only know the sales of glove due to mpox on Q3 result.

@Patron
"Sorting out glove division part" is like saying saying McD has to sort out the burger part from the fries part.
IF that's the case then Harta has to "sort out" their COAT gloves from the nitrile and latex gloves. Cmmon. Don't be ridiculous.

Harta profit 31.9Mill .. price 2.75. What do you said abt that?

Endgame

31 mil profit, no wonder dropped from 2.5x to 2.0x

I hope you're right Albukhary. With this QR result it could go either way. Just bcoz Harta QR was excellent. Kossan is showing no improvement from previous qtr.

I think their ASP is $16 still. Can't believe it. Even Sri Thang ASP is $18.

I was expecting Rm75 mill ... 😁 .. Now wait for USTR announcement..sigh

Mpox is not air-borne virus. Mpox will not be a pandemic.

Mpox will not be pandemic like Covid.. and we want that. If it's a pandemic, US might delay the tariff on China. This will strengthen CHina glove financially. We want Mpox not a pandemic and US implement their tariff on China gloves as soon as possible.