Next 2 weeks Supermax quarterly result will be red bloodbath net losses and negative EPS as CBP ban continues in US,ASP declines and production cost increasing

Kossan and Hartalega EPS is almost 2 sen and not impossible for Harta share price to drop below RM2 as Kossan share price around 1.20 now

KUALA LUMPUR (Aug 10): Analysts have maintained their "sell" calls on Hartalega Holdings Bhd, and cut their target prices (TPs) for the glove maker, after its earnings for the first quarter ended June 30, 2022 (1QFY23) were below expectations.

Hong Leong Investment Bank Bhd (HLIB) slashed its TP to RM1.92, from RM2.37 previously, on the back of lower utilisation rates of plants and average selling prices (ASPs) of gloves.

In a note on Wednesday (Aug 10), HLIB said ASPs are expected to stay at around US$20 (RM89.14) per thousand gloves in the near term.

“In view of the intense market competition, the management expects utilisation rates to decline going forward, with current utilisation hovering around 50% to 60% (in line with industry players).

“Hartalega has also decommissioned some of its older plants to reduce its overall installed capacity and operating cost,” the research house added.

HLIB also cautioned that Hartalega could be at risk of removal from the FBM KLCI in the upcoming semi-annual review should its share price deteriorate further.

KUALA LUMPUR (Aug 10): Analysts have maintained their "sell" calls on Hartalega Holdings Bhd, and cut their target prices (TPs) for the glove maker, after its earnings for the first quarter ended June 30, 2022 (1QFY23) were below expectations.

Hong Leong Investment Bank Bhd (HLIB) slashed its TP to RM1.92, from RM2.37 previously, on the back of lower utilisation rates of plants and average selling prices (ASPs) of gloves.

In a note on Wednesday (Aug 10), HLIB said ASPs are expected to stay at around US$20 (RM89.14) per thousand gloves in the near term.

“In view of the intense market competition, the management expects utilisation rates to decline going forward, with current utilisation hovering around 50% to 60% (in line with industry players).

“Hartalega has also decommissioned some of its older plants to reduce its overall installed capacity and operating cost,” the research house added.

HLIB also cautioned that Hartalega could be at risk of removal from the FBM KLCI in the upcoming semi-annual review should its share price deteriorate further.

Top Glove really very heavy selling pressure last minute >10 millions shares sold at 93 sen......Next quarterly result in September already red bloodbath even without cukai makmur

Target price 80sen coming red bloodbath QR in September is a real possibility....Who can predict Top Glove price after bonus issue drops from 9.60+ to penny stock less than 1.00

Sifu rr88 total holdings 30,000 lots average price 98sen really damn confident about Top Glove even though coming QR in September is red bloodbath result

Sifu rr88 bought another 5,000 lots 94sen and 5,000 lots 93sen now total share holdings 30,000 lots (RM2.935millions) average price 98sen.....Really damn brave even though paper loss >RM120k

Top Glove share price remains downtrend until next quarterly result in September reporting net loss and negative EPS as ASP will fall until end of tis year as reported by Hartalega management

Top Glove reporting worse quarterly result coming mid September

Coming next quarter much lower profits and EPS less than 2 sen as ASP declining and production costs keep increasing

Hartalega under heavy selling pressure as EPF still got 240 million shares to dispose....Worst quarterly result yet to come next few quarters

Top Glove next quarterly result in September reporting net loss and negative EPS....ASP still declining and not reaching bottom yet

Hartalega worst quarterly result yet to come as ASP still declining and production costs keep increasing....No more dividends declared for next few quarters as EPS will drop to less than 2 sen next quarter

Hartalega last quarter reporting losses RM197millions due to one off cukai makmur but operating profits continue to falls from quarter to quarter....Next quarter profits definitely lower than tis quarter as production costs keep increasing and ASP still declining

Next quarter Hartalega profits continues to fall but Top Glove worse will report losses coming quarter release in September

Hartalega net profit drops to RM88millions and EPS 2.35sen only.....Coming next quarter both profits and EPS continue to fall as ASP declining and production cost increasing

Hibiscus still looking strong buying even Brent crude price drops below USD95/barrel

Hibiscus drops to 55 sen if Brent crude price reach USD60/barrel looks like impossible for next 1-2 years

More than 3millions shares bought 82.5sen looks like strong buying by retailers

Top Glove confirms net loss coming QR release in September as Kossan QR yesterday already said ASP still declining with oversupply capacity and increasing production costs

Hibiscus today green or red today and Brent crude price still above USD100 means share price will stay above 80 sen

Buying Exxon shares with high dividend yield and very strong fundamentals compares to Hibiscus petroleum under pressure by Sabah state government to pay RM 97 millions petroleum tax

Hibiscus share price negative sentiment due to Sabah petroleum tax issue amounting to RM97 millions

Today volume not high so share price little movement

Anyone can predict Hibiscus share price next Friday end July above 80 sen or below 80 sen?

Dead cat bounce from early morning heavy selling down

Hibiscus under heavy selling pressure as increasing risks of recession and another round of China lockdown

Brent crude price needs to fall towards USD 60/barrel for Hibiscus shares to drop to 60+sen looks absolutely impossible

This Friday target price 90sen and next QR in September will be very interesting

rr88 sifu holding 12,000 lots@RM1.00 for RM1.2million really desperate trader as Top Glove still continues selling down with higher production costs than selling price and next QR in September will be very bad and loss making

@paktua your average price above 1.00 still too high

rr88 sifu buying 10,000 lots Top Glove @ 1.018 with investment RM1.02 million really confident with loss making Top Glove next quarter in September

rr88 sifu total shareholding RM1.02million buying 10,000 lots @ 1.018 really very confident even though Top Glove still heavy selling down until next QR in September

rr88 sifu buying 7,000 lots @1.05 still holding or buying more average down?

Top Glove financial result next quarter in September worsen and falls into loss making as increasing production costs and declining average selling prices

BNM increase interest rate tis week all semiconductor stocks selling down heavily by institutional and foreign funds

Those buying last week already cutting losses or buying more as downtrend continues to break previous low 95 sen tis week

Top Glove reporting losses next quarterly result in September as increasing production costs and declining average selling prices due to market oversupply with gloves

Heavy selling as next QR definitely loss making as higher production costs e.g labour,raw material, logistics more than glove average selling price

Next quarter Top Glove definitely loss making negative EPS

Harta closing all time low 2.71 as foreign funds and EPF heavy selling down glove shares

Hartalega share price heavy selling again by EPF still hv more than 250 millions shares to dispose off to retailers

Other foreign and local institutional funds still got hundreds of millions shares to sell to retailers

Harta closing new all time low 3.31 and more pain is coming to all glove stocks

Next support RM1 with 11 millions shares queue

Supermax next few quarters result will be loss making business as production costs keep increasing and selling price keeps declining

Foreign and local institutional funds heavy selling Top Glove daily as next few quarters Top Glove will be loss making business and has to pay few hundreds millions cukai makmur to government next 4th quarter result in September

Hartalega share price not looking good as top shareholder EPF keeps selling millions of shares daily...Hartalega glove business will experience very slim single digit profit margin next few quarters and no dividends declared to shareholder

Since production cost is increasing and selling price is decreasing the glove business will be making huge losses for coming few quarters