Director buying

Harta all time low pe ratio now if buy for long term investment sure can make money.

Imagine full utilization from 64% current capacity, higher ASP, deferred sales from previous quarter shipped this quarter and maximized dividends due to massive share buy backs recently. That would impact the near term share price since the stock market is a forward looking mechanism.

Wow look at the amount of share buy back by Harta. Any price weakness is a buy.

Next quarter PAT and dividend should have explosive growth. Look at the increase in inventory to the delayed sales due to containers shortages and factory closed. All these delayed sales will be reflected next quarter in addition to Harta being a laggard in raising ASP therefore ASP still has plenty of upside for Harta. Good time to accumulate on weakness!

I don't think we can use Shopee and Lazada prices as reference as the discounts or cash backs sometimes are absorbed by Shopee or Lazada as part of their marketing expenses. Majority of sales are not from end users as they are from distributors and the distributors will not be buying from Shopee or Lazada but direct from manufacturers.

KoonyeewYinFans the stock market is always forward looking meaning that it is not looking at number of cases today only....the concern now is there is another wave up just like what we are experiencing now which might also be experienced by other countries in the future. So just looking at number of cases today will not determine the share price...if it was that simple everyone would be rich just buy and sell based on latest number of cases.

Yes the established players like world number 1 Harta will only get stronger after the pandemic is over where they can used the excess funds to expand, acquire smaller competors or enhance robotics and automations leading to improvements in both topline and bottom line! Harta is a steal at this price...go look at the historical share price trend it is always valued at average pe of 30 to 50 and even if eps normalize post pandemic it will be much higher than this.

Adventa and Careplus also catching up with Comfort price but look at the differences in EPS.

After Adventa limit up next week wonder which will be next hopefully Comfort.

Last 3 days he has been selling average 35 million shares a day.

Dato' Ong still holding 310 million shares.

Only problem is not sure when selling will stop before price go up since so much selling from major shareholders.

Yes definitely huge profits this coming quarter results...why else would they time it so nicely the warrants and the release of the quarter results so close to each other. That is a big hint already. If they do not think share price will go up much why want to issue warrants now..

Good time to buy now while it is being pressed down during accumulation phase. Don't wait until fly then only chase.

Could it be funds moving to gloves?

Yes pang72 agree after warrant announcements price will fly again!

Comfort gloves sales mix almost 60% is from Asia and local sales from Malaysia. This third wave cases have been high in Asia and Malaysia therefore definitely next quarter will have explosive growth for Comfort! Buy and wait for next QR.

Any ideas when will the warrants be issued?

Interesting to know that thanks.

IMwhatIM how do you know it is fund managers buying?

Hglee101 haha funny

holyspirit yes I agree that is Ruberex style after monitoring it since early last year.
..it will shake off weak holders for a long time seems like not moving or dropping then suddenly will have explosive growth upwards where contra players then afraid to buy back.

All time high revenue for the year. There is a once off property, plant and equipment and construction in progress written off expenses of RM 35 million. Without the RM 35 million write off, this would have been a very positive net profit quarter with improving business prospects. This once off property, plant and equipment and construction in progress written off of RM 35 million will also reduce the depreciation expenses moving forward adding to the profitability in net profit margin and earnings per share!

Congrats to those that managed to buy today...GFM will be the next Dataprep.

RM 1.2 billion order book, new contracts concessions with stable recurring income until 2035, in progress of purchasing new business, new contracts on the way, cost rationalisation done with higher profit margins and vendor rationalisation in progress which will further increase profit margin. Now price less than 30cents...where else can find this type of investment?

In addition, major shareholders holding around 300mil shares and still holding tight not selling where now only around 200mil shares in free float...hurry up get your tickets!

Correction to my previous statement...the order book is RM 1.2 billion not RM 1.2 million!

Another thing is major shareholders holding around 300mil shares and still holding tight not selling where now only around 200mil shares in free float...hurry up get your tickets!

RM 1.2mil order book, new contracts concessions with stable recurring income until 2035, in progress of purchasing new business, new contracts on the way, cost rationalisation done with higher profit margins and vendor rationalisation in progress which will further increase profit margin. Now price less than 30cents...where else can find this type of investment?

Director disposed...stock price went up 200% but sales volume reduced, profit margin reduced, operatoring cost increased. 2 cents EPS Vis also same EPS but share price lots of difference.

Leader Steel Holdings Berhad (Leader Steel) is an investment holding company. The company's activities include manufacturing and selling of steel products and iron ores. Its products portfolio includes steel products such as mild steel hot roll angle bar, square bar, flat bar, and trolley tracks, among others; and steel billets. In addition, Leader Steel carries out processing of minerals which include iron ore, manganese, mill scales, and slags, among others. The company operates through its subsidiaries such as Leader Steel Sdn. Bhd.; Leader Steel Service Centre Sdn. Bhd.; Leader Steel Asia Sdn. Bhd.; and Leader Steel Tubes Sdn Bhd.; among others. Leader Steel is headquartered in Penang, Malaysia.

https://www.marketresearch.com/Timetric-v3917/Leader-Steel-Holdings-Berhad-LSTEEL-9613524/

From the quarterly report, iron ore (minerals division) contributed RM 960k out of the total profit of RM 2.5mil. The remainder of the balance are contributed by the steel division.

Just realized Lsteel is in the iron ore business. Go look at iron ore prices lately...it is at a 7 years high! Coupled with the all time high steel prices...imagine the profits for coming quarter. This will be the next multi bagger stock in 2021!

Astino sells hot rolled coil products where hot rolled coiled spot prices are at all time. https://www.astino.com.my/products/astino-coils-sheets/

As expected, Kossan's turn to rally today gogo Kossan!

Today is Kossan's day to shine!

Apparently Kossan only increased about 5% qoq ASP in June coupled with volume increase therefore this is a commendable result. Imagine what the PAT would look like in Q3 and Q4 when they agressive increase ASP by circa 20% to 40% qoq in addition to the additional new capacity which they have allocated to spot orders with much higher ASP. Add these factors with the 1 for 1 bonus issue factor there is definitely still a lot of upside to the current share price.

kens88 might not need to wait another quarter as the stock market is a forward looking mechanism as the stock will reflect the future outlook rather than historical results.

ASP increase only reflected from June and best quarters will be 3rd and 4th quarter as ASP and spot orders will increase very aggressively (as aggressive as Topglove accordong to Maybank research report) in upcoming 3rd and 4th quarter.

Current Year Prospects
The COVID-19 pandemic has had a significant impact on the world economy. In June 2020, the International
Monetary Fund in its latest World Economic Outlook (“WEO”) report has revised the global growth for 2020
to -4.9% (April 2020 WEO: -3.0%) indicating a more negative impact than anticipated, with a recovery that is
projected to be more gradual than previously forecasted.
Against this backdrop however, the need for personal protective equipment, including rubber gloves has
increased significantly. In its July 2020 industry briefing, the Malaysian Rubber Glove Manufacturers
Association (“MARGMA”) projected global glove demand to grow 20% to 330 billion pieces in 2020 (2019:
298 billion pieces), with Malaysia expected to export 220 billion pieces of gloves valued at RM21.8 billion in
the current year compared with 170 billion pieces worth RM17.4 billion in 2019.
The Technical Rubber Products division has been impacted by the Movement Control Order as well as the
slowdown in the infrastructure and automotive industry as a result of the pandemic. However, the TRP’s
division only constitutes less than 4% of revenue currently. The division has since resumed full operations after
the government began easing the lockdown measures and the Group expects this division will remain
profitable.
For the Gloves division, the COVID-19 outbreak started in China and subsequently spread to Europe and the
USA in March 2020. New cases continue to be high with concerns of a second wave occurring as countries
around the world reopen their economies. As a result, the demand for protective gloves grew exponentially,
leading to a supply-demand imbalance. With our selling prices for gloves quoted 45-60 days before delivery,
the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-on-
quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020.
Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further
step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in
the 4th quarter of FY2020.

After tomorrow's quarter results out for Kossan the share price will rocket up like crazy. Most are cautious now because of the uncertainty of the upcoming results for Kossan but once that is over with it will be a big uptrend to the next quarter results which will be absolutely stellar results.

Correction on my earlier post...Citi gave Kossan TP of RM 30+ and not CIMB.

Haha supersinginvestor...so funny when you mention make Kossan like penis stock...

Surprisingly Kossan seems to be the only gloves counter in the 15 Companies under the Forbes Asias Best list.

https://www.theedgemarkets.com/article/15-malaysian-companies-named-forbes-asias-best-under-billion-2020-list

Kossan is one of the 15 Companies under Forbes Asias Best list with exceptional track record of Corporate Performanxe which is absolutely vital for funds when investing in a Company. Add that to the factor that Kossan will be in the MSCI global index after 31st Aug 2020 means there are still tremendous upside potential for Kossan at its current share price.

Kossan could be the dark horse star performer in the near term considering there are many still doubting the potential of Kossan.
Even CIMB gave a very high TP of RM 30+. Buying stocks is considering the risk and rewards or the odds of a potential upside that the market is underappreciating which will readjust over time. I have experienced it with Comfort and Ruberex where there were a lot of doubters from the beginning that the share prices were already very high and that it won't go up higher due to better options but look where the share prices are today.

Therefore would not be surprised it Kossan exceeds expectations since expectations on Kossan are so low. It is only a matter of time Kossan will achieve exponential growth in its share price correlated to its aggressive increase in ASP and spot orders!

in Maybank analysts report, it mentioned that Kossan is very aggressively increasing the ASP and spot orders allocation, even as aggressive as Topglove albeit at a slower pace in terms of timing.

GG liao now director also sell.

Other counters which gapped up directors selling like end of the world but not MTAG. Hopefully it's a good sign that better results are to come the next few quarters.

Even if results below expectations, Harta is looking like a bargain now compared to all those small cap counters which kena goreng until so high the past weeks.