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2022-08-12 14:24 | Report Abuse
Comparing with the Q1 Jun 2022 vs Q1 Jun 19 earnings which have some similarities:
1. EPS of RM2.58 vs RM2.81
2. NTA RM1.49 vs RM0.69
3. Price RM2.05 vs around RM5 (Aug 2019)
Harta was doing ok even before the pandemic. Yes, there are more competitors now but as long as they are not profitable, they will drop out eventually. No company can keep burning cash indefinitely. Automation to improve efficiency also requires investment where Harta has the money for. It will not be easy to get investors to provide glove makers funds to automate their production line knowing the current conditions.
Furthermore, the NTA has roughly doubled so the risk of investing is lower than before.
This is not a recommendation to buy or sell.
Stock: [HARTA]: HARTALEGA HOLDINGS BHD
2022-08-12 16:03 | Report Abuse
@Thirai Thiraviam
The margin for Q1 Jun 2019 was 14.72%.
Investors should be looking at what happens when things normalize.
The pandemic-era was an abnormal event that provided super-normal profits.