When prices are soaring, those "good-hearted" naysayers should be warning investors to not jump into the "glove-trap". Must give credit to Natsuko since Japanese time traveler is most consistent with his prediction. The others will only come after a bloodbath...lol!

I took some profit from the initial rise. Will buy twice the amount if it comes back down to "Japanese penny stock level", wahaha!

So much talk about Harta becoming a penny stock, I ask when lah? Please don't waste my time and talk 3 talk 4! Short this counter right now! I waited for a long time for this so called RM1 potong vege price!

RM1? Why not RM0.10 or RM0.01 as predicted by these "renowed" i3 sifus?

I remembered the day when Topglove decides to buy shares in large quantity (~2 years ago). At that time price was around ~RM6, a significant drop from all time high of RM9. At that time (late 2020), Topglove profit was still surging, and Tan Sri thought that RM6 was undervalued. I wasn't too happy with Tan Sri's decision, especially when compared with the other glove companies. So I sold off all my Topglove shares and keep the cash.

In hindsight it was a really bad move, but in late 2020 with surging profit, I suspect Tan Sri really believed that his company is worth much more. Sometimes people can get overconfident with their company's performance (remember when Tan Sri thinks that Topglove overtake Maybank?). 2020 is a strange year.

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To this day, I can't understand why TG kept on doing share buybacks with its cash pile. After all share prices move in a cycle. The opportunity for TG to make such $$$ is already long gone. Lightning never strike twice in the same place.

A natural rebound from past two days drop. Will have to depend on next few QRs to see if prices will recover for good. Still holding onto mine and looking for good opportunity to accumulate more. Wish the Japanese "time traveler" would give a more precise time frame on when Harta will become penny stock!

Gotta agree with YourQuirkyWays29 here. If you buy glove stocks now and scared of price drop, you should not be buying gloves in the first place. Buy high dividend stocks like Maybank and Public Bank. Also consider fixed deposit and unit trust, let people handle your money, then can sleep easy every night.
This common sense advice is gratis. You're welcome.

So many top-notch discussions from naysayers that I am speechless...
When will we get penny stock price?

Pchem is a profitable company, but last quarter profit was way below expectation, that's why price drop by a lot. If you're thinking of buying, better wait for price to stabilised first.

Trend isn't good. I cut loss for now. Come back when it bottoms out.

Agree that one can buy @1.05. If below RM1 just tutup mata n beli. If durian runtuh @0.70, I sailang all in this counter and come back 5 years later.

Well MPI, it's nice knowing you. At least made enough profit to cover today's nasi lemak.

Wow, given current circumstances, Kossan is really managing quite well. Kossan is slowly becoming my favourite glove counter. Below RM1 is a sure buy for me.

Wah really confused. This Natsuko troll this morning convinced people to buy or sell? When do we get the change to buy at below RM1?

Aiya quarterly report haven't come out already churn out TP?
Based on current trend, next QR is most likely red, but I do like a green surprise!

Aiya heading towards 25 liao.
Tech stocks up fast, down also fast

Exactly @stockraider we collect because prices are cheap. Will it be cheaper? Maybe, but I am not fortune teller. When Harta starts to report profit, prices wouldn't be at RM1.5X.

@BursaVulture Nobody knows for sure. Maybe 2024, 2025 or even later. But when investors can accurately predict recovery period, price will shoot up. Just here to bottom fish. It's a gamble, but I reckon my odds here are better than in Genting.

Yeah Q4 should be a loss, likely bigger than Q3 judging by the trend. So the next few reports will be crucial. A fast recovery drive up prices,while a prolonged slow recovery means that price will stagnant and downtrend in the short term. For now we're playing the waiting game, collecting more when price reached new low.

Next few quarterly reports will be crucial. For now just sit back and wait for an uptrend.

Some people here take troll comments too seriously. It's a fun way to kill time, since prices ain't going up anytime soon. I also wish the trolls are correct. Been waiting for a long time to buy Harta at the RM0.9X price range.

Waiting for next QR. If still green, baguslah!

Reached 1.04, accumulate. Below 1 accumulate some more.
QR next month very likely red, yet I still buy. People go Genting and judi. I go Bursa and judi. Who will lose more?

Low ASP, high cost and oversupply issue means that profits will remain low for some time. This is why this counter is cheap, nobody knows when the sector will recover. Maybe end of this year, maybe in 2024.... who knows. During this time someone will occasionally goreng this counter, causing price to temporarily increase. If you don't want to hold, looks for opportunities to sell on strength. If you want to buy, go ahead, but keep in mind that price may further deteriorate. This is the stock market. Can't take the risk, go buy fixed deposit or unit trusts and call it a day.

Bought some because it was trending up. Just riding the wave.
Already sold a good portion @RM4.7X months ago. I thought it could maintain above RM5, was too optimistic back then.

@DestinyL From what I understand, January 8 was for those coming into China, you don't have to go through 5+3 days quarantine period when traveling into China (you still need a 48 PCR test coming back).

As for outbound travelers, many people have their passport cancelled during the zero-covid policy. If you want to renewed your passport, you need to have a specific reason (business, school, family reunion, etc). They will not issue passport to those wanting to travel only. Still some people find ways around these requirements (from hearsay), so they managed to get out. Not sure if they officially removed this requirement. From what I hear, the restriction are still in place but they're not as stringent as 6 months ago.

If you think Harta is overpriced, then please short this counter hard. You earn your money and I can buy at RM1.20. Deal?

Was RM25 a few months ago. Please wait for the next cycle :P

Also surprised with current price. Weeks ago think can pecah RM9. Now I know why I'm poor, lol!

Make no mistake, there's a pent-up demand for Chinese to go abroad. Imagine not traveling abroad for three years. During height of zero-covid, even inter-provincial travel is a pain in the a*se. For upper-middle class people, there are many ways to get a student/business/reunion visa, just have to be creative.

@IOI 1882 At the moment let's see if it can exceed RM3. If everything goes well, perhaps RM3.50 by mid 2023

A lot of good news comes from China's reopening next week. But currently China only allows people with student, business and family reunion visa to travel. No news about tourist visa yet. Travel outside is still limited, hopefully more good news to come.

Good to see GENM and GENT counters recovering. Took my profits too soon, lol! Looking out for good entry price.

Prices remained low because we're still not sure (1) when oversupply problem will resolve and (2) whether we can remained competitive wrt Chinese and SE Asian producers. Better see some solid uptrend and improving ASP before putting more money in this counter.

Reminds me a bit about Genting in late 2020. I remembered price at one point dipped below RM3, I bought some months ago when it dives below RM3.7X, thinking that it was undervalued. But many investors dare not invest because prices are trending downwards. Then news of vaccines emerges and price shot back up.

Gotta agree with @newbie8080 here. It is unlikely we'll see a repeat for 2020 in 2023. Gloves companies are dealing with oversupply issue, not the other way round.
On the other hand 2022 is an interesting year for China. From strict adherence of "zero-covid" policy to a sudden "f*** it, let-it-rip" policy, I don't think many would consider it as a prudent healthcare measure. Glove shortage is the least of their concern. Can't even get panadol/ibuprofen two weeks ago when cases are exploding left and right.

@nuilam hali Ya kah? Based on the recent quarterly reports, very unlikely to reach RM5 in three months. In 3 months can maintain above RM2 I already happy. Unless we see an rise in ASP or an end to oversupply problem, prices are going to move sideways. Just my 2 sen.

@CharlesT A fair point. Will prices in 2023 dropped by another 50-60%? We will know by the end of this year.

Happy New Year guys!
Lot's of news about speculation about China's U-turn decision on the glove market. I am sceptical that it will have a lasting effect on the ASP. With the oversupply problem persisting, 2023 is not a good year for the glove market. But since prices are close to the bottom, you can buy and keep if you don't mind holding for another year, two or three. Buy low, sell high... you get the gist, lol!

When price reached bottom and the Japanese troll keep talking non-stop it is time for price to rebound. Hahaha!
Don't worry @samerkl price fluctuates. Maybe in near future price might dip back to the RM1.5X range. Aren't you preparing to take some profit soon?

At 1.73 even if you average down now, it's not going to do much to current price.

1.73 is a decent price (mine is 2.6, lol!). Just keep an eye on this counter, occasionally there is some news that drive price upwards, sometimes close to 1.80 to 2.00. It is more often than you think. You know what to do then.

Topglove QR is a good predictor of things to come for Harta and Kossan. While there's some room for price to fall, it should be near the bottom since we already expect the QR to be bad. I made a mistake of not selling it all around RM2.00 to buy it back cheaper, I'm a noob, lol!

^The results are pretty painful. Would be a miracle if Harta can remain green.

No rush lah still downtrending. If continue like this, may reached 1.4X by end of this week.

Welcome new investors to become our latest long-term holders.

China currently bracing for the first wave of Omicron. Lots of infection in many areas/cities, but most numbers are not officially reported. May take at least 3 months for the wave to subside. Currently Chinese are not allowed to travel freely, except for specific purposes (e.g. business, education, visiting relatives). Have to wait for policy to loosen up, maybe next year?

huh did not expect MPI to breach 30...lol, at least still holding some....

I am still holding some. Even though prices are trending downward, I think we may reached the bottom pretty soon. Still there's no rush to buy now since many predict 2023 to be a challenging year for the glove sector. At least wait for price to trend up, or when profits starts to increase.

Again this is not a buy or sell call, just my 2 sen observation

@YourQuirkyWays29. Hey there... no I took some profit @RM4.2X Did not anticipate that it will continue to climb this much...oh well... :P
I have minimal holding in tech stocks. At least MPI is doing quite well...

Seems like a decent company. I personally would accumulate more if I got the extra cash.

Imagine locking down entire cities, the entire nation just because of a flu epidemic. It makes sense to lock down the first one (5% mortality rate, higher for those with comorbidity). Locking down because of Omicron BA versi 5 makes them looks silly. But hey, it's their choice (or more accurately, it's His choice).

Justifying zero-covid just because the old people refuse to take vaccine is a pretty weak argument. They can force people in their apartments for months, sometimes without food or medicine. They can require people to take a PCR test every day or two just to go to work or to buy groceries. But they can't 'persuade' old people to take their jab for their own good? Very interesting. Like I said, their choice.

Dammit, should've sold some arak counters before GE15....

@ahbah while our nation's economy is pretty screwed and we will remained stuck in a middle income trap for the foreseeable future, I don't think any of the three parties will make drastic change to the country's economy...too much political booby traps. But as a nons, it's quite obvious who I'm gonna vote. I don't like having my name changed to Abdullah bin Wong if you know what I mean :)

@TreeTopView I don't think any of the three main party would move towards a freer and cut subsidies. Like you mentioned, there's too much politics at stake. A move towards a freer market may be good for bursa, but politically it's a suicide. just like ketuanan melayu, cannot touch wan.

On the other hand, as a nons and a die-hard liberal, I am worried about the direction of the country under BN/PAS. It's obvious who I'm gonna vote (I think I know how many here would vote too...just a hunch). Like you said, PH is an unknown beast, but it is an alternative to the current direction we're heading. To change we just have to take chances. Even if PH doesn't win, a strong opposition means that BN/PAS can't do as they please.

I am still pissed with PAS tanking my beer counter years ago, lol!