@cerubic yeah people are expecting europe to have a rough winter, take care!

@Cerubic have fun in your backpack trip!!

caveat for bang_miskin, *if you have spare cash to throw around with a decent chance that it will appreciate few years down the road" how many years is "few"? no one knows.

@James_Bond, do you then invest your money in FD? Hoping on more enlightenment on where to put the cash.

Bottom fisher i guess, fear of missing out the lowest of lows. This strategy hasn't serve me well so far this year, but how low will the market go? If it is recession time, then it is time for DCA.

@value_seeker agreed on wait and see if you have not invested, but if you've bought in, it is a risky move to sell now in hopes that it will drop lower to buy back. It's almost the same as RSS. That is a risky game I don't want to buy. But if you meet Natsuko's 3 conditions, by all means - sell.

@Natsuko thanks for that, I don't have all 3, no reason for me to sell.

Agree to disagree on the thesis part, I don't think Harta is going down the drain, I was personally satisfied with Q1, let's see how things goes moving forward. We all know glove demand is growing, the problem now would be the supply, and for this part - in Harta's management I trust. They have good work ethic & values and should be able to keep their key customers to buy from them at a more premium price (when compared to current market) in exchange for stability in supplies.

I would be more concerned if Harta really starts to go loss making without a near term solution. Closing inefficient plants would be the first step towards cost reduction, so as I said, lets see.

@fluhub888 answer is, we didn't choose to enter when its confirmed to be downtrending. We chose to enter when the price fits/goes below what we perceive as fair value based on the business of the company, and we believe in their future (despite other investors don't).

And if you look at the market as a whole, majority is "downtrending" now anyways with the recent geopolitical uncertainties, inflations, and rate hikes. If you are able to choose and trade the right counter to make gains even at this time, then good on you. But consider yourself genius/lucky, cause even berkshire hathaway aint doing that great.

@WinBigOrLoseAll sums it all up in your last comment.

@Ryan83, let's see what happens next quarter. I believe in Harta's strategy, you dont always have to fight price with price head on, differentiate ownself in another way.

@Leslie have a look at Harta's top 30 shareholders, you'd be surprised.

@natsuko, I'm curious, so you have an opinion that china will takeover the glove market and eliminate malaysian glove sellers. And that opinion is based on your expectation that China gov will do all it takes to help their glove companies takeover the glove market?

I'm in the second boat, I have no problem keep on holding to my Harta so long the company don't do unreasonable things or going to bankrupt. However, it doesnt mean I won't buy, the entry price just got to make sense for my overall portfolio exposure.

in my opinion, there's 2 ways to look at buying during a dump:
1. catching the falling knife (looking for a potential technical rebound and quickly sell off)
2. the fall in price matched with investors' budget and they decided to increase their exposure in the stock

If you are investing for long term, becareful of your thoughts to catch a rebound, that's already beyond your initial research. Play it long, play it safe.

@cerubic I'm very intrigued with the AGM discussions, will be better prepared next year and most likely take a half day leave to attend.

the article by edge sounds more comprehensive

https://www.theedgemarkets.com/article/hartalega-slows-ngc-15-plant-expansion-glove-oversupply-dents-demand

thanks @cerubic! looks like its consistent to what was discussed in the annual report, except the part where they are urging for gov to help? I don't recall reading that. Did they specify any kind of assistance would be good? labour maybe?

@mini too bad cheap is subjective. If you ask me, it was cheap since rm3.8. But EPF would beg to differ, and I am the smaller fish compare to them, so what can I do? Watch and learn. Not selling at this price, I'd rather take my share certs and throw into the sea for entertainment's sake.

@bang_miskin yeah im glad that i did not have extra money when it was 3.8 & 2.8, both look so attractive at that time. But if we ever see 1.2, there won't be a risk of another 60% fall at that price....

bang_miskin got extra space on your couch?

lol i3lurker pulling numbers from the sky.

HAHAHAHAH he just asked you to smash his neck, I cannot. You're funny Khatu, I give that to you.

LOL I've found myself enjoying Khatu's story sometimes. So damn random that it added a comedic effect.

Sudden volume + bloodbath, guess who?

Respect to you for that cerubic. I too hot blooded cannot tahan these trolls. Should heed my own advise and stay away for the time being. Karma will do its job.

The only PM that was done was analysis by Terence, his is the author and he has rights on where he wants to share his research. If he doesn't want to share with you, then maybe reflect on your own behaviour abit la.

Also not everyone everyday sit on the side line only and dont buy, buy d where got money to keep buying? You buy too little is it? Or gambler for life?

@khatu This may not be the lowest point and no one knows where is it. Rebound may not come soon. Don't hold your breath. If you're holding your breath waiting for Harta to rebound, you may want to consider releasing some of it so that it's not so difficult to bear.

@cerubic some people are just aholes that goes around commenting about others' wife. Rude, no manners, and unethical. And then say other people sensitive. Real psychotic person, worse than Natsuko (which is a tall order to fill on its own).

Didn't comment for a few hours then sorok? Find friends in real life if you need them, not random stranger online that has different investment opinion as you. I've been here since Harta fell from the top to Rm6. I do my research before investing and don't have small balls and heart like some other people.

I also don't measure my investment result through daily share price gain, just FYI if its not clear enough.

If you got something productive to say then say it, if got constructive criticism then go ahead and state it, if not then keep my name out of your dirty mouth and fingers.

Not just courage khatu, patience too. Just got to wait out the turbulence if you believe in your research. But don't do nothing while waiting, do continue to keep track and be as objective as possible, set metrics and benchmarks for review to prevent biasness. The recent quarter results was fine for me, thought it is stabilising, but guess its not good enough for EPF. Let's see what happens next, ready bullets for when TG qr out.

When a counter's share price lost it's sanity, so does majority of the people commenting. Imma stay away from here where there's no constructive info to preserve my own sanity. Bang_miskin & Cerubic, hope to see you around when we have better days.

cheers cerubic, hope to see you here to celebrate when Harta is doing better. 2 years, or 3 years, or 5 years, who knows.

I think bang miskin meant it as satire. Those chasing serba & sapura though, hmm.

back to the DMs @terence :)

@terence775 @bang_miskin I thought the revenue drop was sort of expected since they can't sell into US which means they are mainly competing with China suppliers directly. I assumed the higher net profit is that they figured a way to cut cost to survive this turbulence, which is pretty good. I wouldn't mind Harta's revenue going down for the time being in order to bring back better net profit. It is really not the time to go for high volume with the current supply demand dynamics.

@Natsuko nobody said it was good, stop twisting words. It's NP improved from previous quarter, overall results didnt slide much since 2 quarters ago as well. Pakai mata bila baca, pakai otak bila cakap.

Yeah Supermax's QR is surprising. But TG will be accounting for cukai makmur next QR if im not wrong. Hoping for a good gross profit at least, that will be a good indication.

@i3lurker not everyone trade as full time job. Accept other perspective and way of life. Shit can be objective at times and subjective at other times.

As of 10.15am, it is error 404: bloodbath not found. If you ask me to wait till end of day/week to see bloodbath, I will ask you why not wait another year or two to see green sticks. :)

quiet*
Not commenting much because I'm trying to learn good english.

How low/high can it go - million dollar question. Gotta ask bomoh. If no have bomoh contact, better not try to guess, invest responsibly, stretch date line longer. Look at the industry outlook in combination with the company's performance in the industry.

on top of what bang miskin said, if you frequent this forum, make sure you dont get emotionally affected by the jokers that did not do any research whatsoever and are just screaming from their crack.

Its a bliss to invest with money i dont need. Look at these jokers screaming in pain for others' period.

bye khatu, i hope you dont come back.

@cerubic, unless they sound like our friend khatu here, then its all good. If someone follows khatu's call, then its 100% on them, not khatu.

@fortunefire, personal advise, please try to refrain from giving buy/sell call. You'd never know what people do with your comment, last thing you want is someone going suicidal after going contra based on your call and things didnt go your way.

@Destiny agreed, I believe we've found EPF's floor. They are not willing to throw below NAPS, slowly passing stocks to retailers at the 1.6~1.8 range.

"@Cerubic Nothing can justify dumping of 7% shareholding in the open market in 1 week's time. This is clearly a heinous deliberate attack on the stock price."

@matklse, really triggered my curiousity what is this manouver by EPF about. I have so many questions.
If EPF has no ill intention and this is not harta's fair value, they should try to recover at a much better price:
- Did EPF tried negotiating with the owner? Is that why the company is passing a sbb resolution?
- Did EPF tried negotiating with other IBs? Does no one want to buy Harta in large volume despite pricing it at average price of say ~RM2?

If EPF has no ill intention, but the fair value of Harta is this low, what is it that the open market is not seeing? As much as they have dumped, retailers have picked up, are we all going to lose money while the Kuans and EPF keep quiet?

So many information gaps, don't know why EPF did this. Is it to go below 5% urgently so they can transact with another party in private placement? Does the new buyer dont want to be known?

See?

He/she don't really share any opinion. Just rumors and fear mongering. Never anything solid. Unfortunately, even a broken clock is correct for twice in a day, and we happen to be in the time where their nonsense became fact.

@Cerubic, nah I will never buy dnex because of that trash of a person, full of manipulation. Watch for the other one named rr88 also.