Absolutely agree with you. Higher ASP, increased production, increased revenue and profit due to increased demand, global shortage persisting, how is it that TP is lower than pre-pandemic? None of it makes any sense! It's as if they're deliberately trying to suppress or depress the price of glove stocks!

Posted by Hummingbird66 > Nov 4, 2021 1:40 PM | Report Abuse

I question the low target price given by some analysts.

How can it be lower than pre pandemic price? when Hartalega’s financial standing & fundamentals are no longer the same as before and asp price is normalizing and won’t be lower than pre pandemic?

Main shareholders or respected captains of this industry should question them on how these TP are derived and to be very careful and even accountable for how their opinions cause further confusions and market sentiments.

@Anxious No offense taken. I'm sure 9.5 out of 10 people who have put their money in glove stocks can relate to your feelings of frustration. Me included! Hope you can think of ways to minimise your losses. Have a good break tomorrow. We live to fight another day! :)

Posted by Anxious > Nov 3, 2021 5:42 PM | Report Abuse

Jolynce, I am sorry. I didnt mean it as an offense. Both your comments and Bang Miskin's comments have been very helpful to a newbie like me. I really look forward to reading them. Happy birthday in advance.

I guess Im just frustrated to be stuck at such high price .

Your idea of trading to try to reduce losses makes sense. I am still thinking what to do.

The NST article obviously wasn't helpful to the SP.

Anyway I am going to try to enjoy my weekend. Cheers everyone.

Tenaga's turn to merajuk over tax makmur

I really have no jodoh with Mr Wong.. I actually bought back last week and sold at cost on Monday.. if I had sold today, at least can make some coffee money. LOL!

jolynce *cryyyying... sold too early!!
26/10/2021 10:09 PM

If we are very sure that it can drop below RM5, might as well sell before ex date, and buy back later. Then technically, we will earn more than the dividend payout. But how can we be sure right? Last time, I sold one of my stocks on ex-date, expect it to fall.. but it went up and it kept going up for a few days after... I wanted to kick myself! hahaha! That's the unpredictable nature of the stock market (or Malaysian stock market rather).... you think you are smart but it will prove to you otherwise. Anyway, I know exactly what you mean. If price falls some more, then I'm back to square one, gotta work hard at reducing the average cost again. Super frustrating!

Posted by bang_miskin > Nov 3, 2021 1:55 PM | Report Abuse

If price maintains around RM5.75 for the next two weeks, a 35 dividend payout will reduce the price to RM5.40. If price continues to drop, very likely can buy below RM5.

The poor sentiment on gloves may continue to worsen especially when we expect profit to fall in the coming two-three quarters. Someday you feel you've bought at an excellent price, only for the price to fall the very next day! Happened to me because I was happily accumulating Harta around ~RM7, until they announced that ASP is falling faster than expected (mati ler!). Once profits began to stabilised (hopefully higher than pre-pandemic), the poor sentiment may fade away.

whoever bought this morning happy already.. some more get 5% dividend by next week!

So apt Cerubic! The storm is in the first paragraph... what comes after is the rainbow.

The firm has maintained its "Buy" call on Hartalega with a lower target price of RM8.03 from RM8.40 previously.

"Hartalega remains our top pick for the rubber glove sector for their innovative approach towards automated production and focus on mitigating ESG issues which are grave concerns among investors," it said.


Posted by Cerubic > Nov 3, 2021 1:04 PM | Report Abuse

@AdCool So, I have Kossan and I have Harta.. sitting on paper loss around 8% for Kossan and 10% for Harta.. switching from Kossan to Harta, to earn BOTH their dividends will not incur extra loss for me.

@AdCool I know it will be adjusted. But assuming you are sitting on the same paper loss for the glove stocks that you own, and you can't sell them for a profit just yet, and dividends are the way for now to get some money out of your investment. So what will you do?

Posted by AdCool > Nov 3, 2021 12:54 PM | Report Abuse

Jolynce, don't tell me you don't know once ex date, the price would be adjusted to reflect the dividends payout? Your approach would cause you losses unless the share price appreciate up back after ex date.

Haha.. thank you thank you. Take heart, Cerubic. After the storm, there'll be calm. After the rain, there'll be rainbow. :)

Posted by Cerubic > Nov 3, 2021 1:00 PM | Report Abuse

Advance Happy Birthday greeting here to Jolynce....with small potato expectation of thunderstorm in the coming days, thought i need to queue up soon with bendera putih heading towards yayasan hartalega, surprisingly with the coming up considered "extraordinary" dividend after years of long term investment, at least there is some laughter here for me, not just the employees of hartalega laughing all the way to the bank ...

@Anxious, my 30 sen gain goes towards reducing my average cost, which also started off very high, probably like yours. I've bought and sold many times to bring down my average considerably - less than 10% paper loss now, compared to over 20% a few months before. The thing is, if you just wait, it's not going to help bring down the cost and reduce the paper loss. But I can't tell you what to do cos' we probably have very different investing styles. All the best!

Posted by Anxious > Nov 3, 2021 11:15 AM | Report Abuse

You guys getting excited on 30 sen gains. I am sitting on RM3.00 loss per share.

Only consolation for me is the dividends which in 2021 has been 82.3 sen.

If next Quarter can get 17.7 sen dividend, would total up to RM1.00.

Next years total dividend may be half of this years, say 40 sen. Still not too bad if SP settles to around RM6.00 next year after the the clouds clear.

Of cause short term we may have more downside but should bounce back.

The irony is MR DIY reported 90m profit and 0.65sen dividend and its hot.

Harta made 10x that at 900m dividend and 35 sen dividend and trending downwards. Silly isnt it?

EPF is probably selling Top Glove to buy Kossan - ex-date 8 Nov 0.15sen dividend.. that's almost 5% return just to hold for two days, why wouldn't they? Then after Kossan ex-date, sell that and buy Harta and earn their 0.352 sen dividend.. that's 6% return if you buy at around this price! That's what I would do lah. LOL!

thanks mate! That's what I'm doing.. buying gradually, sell at the right price, and buy some more. :)

Posted by geary > Nov 3, 2021 12:43 PM | Report Abuse

Don't waste your precious time answering those pariahs forumers, praising their own target prices, gloves become toilet paper, bankruptcy coming soon, etc!!!
Standby your free cash n WAIT; attack gradually, from now onwards◉‿◉!?

That happens all the time. I key in my orders the night before, at what price I'm willing to buy and sell, and then amend my orders if I want to, the next day. Cos I can't be staring at the screen all day.

Posted by bang_miskin > Nov 3, 2021 12:11 PM | Report Abuse

@jolynce, I had the opportunity to sell at around RM5.92 (missed the RM5.95), but I was busy with work and 15 minutes later was around RM5.78, alamak!

Harta's dividend will be a lovely birthday present for me.. yes the payout date happens to be my birthday. Haha!

Actually, what happened to TG today? Why so red while the others are green? Don't tell me it's about the paper loss reported in the Edge yesterday? What's the big deal anyway.. that's small money to them, and the dividends they collect will gradually narrow the loss, or if they buy more shares at this price, it will bring down the cost too. Right?

wow.. whoever said 2.50 happy already lor. Bought more at 2.50.

@bang_miskin I bought on Monday at 5.67, sold earlier at 5.95. Didn't manage to get yesterday!

Bought JHM yesterday! Yay!

@stingray_ea Pls check your facts. On 22 Oct, Supermx was traded at 2.01-2.04, how did you sell it for RM2.27? It was due to the CBP ban, nothing to do with Kossan's dividend.
https://www.nst.com.my/business/2021/10/738434/supermax-shares-drop-af...

queued to buy at 5.64 before afternoon opening but it gapped up, so didn't manage to buy. @stingray_ea pls work harder to bring down the price so we can buy more. Thanks :)

Good point.

Posted by Calvin882 > Nov 2, 2021 3:32 PM | Report Abuse

Shouldn't look purely at ASP. Don't forget the production volume will increase rapidly from the expansion plan too. Increase in production volume will contribute to the profit and counter the slide in ASP. Don't think the company will have such ambitious expansion plan if they foresee the glove is no longer profitable. They know more than anyone else.

I think the EMCO impacted the whole sector greatly. Factories closed, and when they're opened, limited capacity, extra cost involved in Covid testing etc. The result would've been vastly better without all these restrictions.

Posted by Snowpiercer > Nov 2, 2021 2:02 PM | Report Abuse

A billion profit is still exceptional but the decine from previous quarter is just too big. Big question is what is the bottom.

Agree!! Some people so thick skin.

Posted by Intrinsic99 > Nov 2, 2021 1:48 PM | Report Abuse

Why this iddiot go every way to promote palm oil stocks?

If you so confidence what you bought, why need to go every way non-stop talking unless you start realise not the better choice so need all waterfish members here to support you

I don't why 3iii administer didn't take any action to suspend this iddiot account to avoid keep on spamming every way


I pegging administer need to take proper action against this spammer

Haha I also do kali lima analysis. Profit margin is 45.4% meaning ASP is still high!

Posted by bang_miskin > Nov 2, 2021 1:45 PM | Report Abuse

@jolynce must give credit to you too. You mentioned that Harta's QR follows Kossan's, so just based on my kaki lima analysis, I arrived at around 1B forecast. haha!

@bang_miskin wow.. so close to your 1B forecast. Well done! And at current price, dividend is 6.25%. That's fantastic!

In spite of the stormy weather, new players like Hong Seng are foraying into the glove sector, investing billions into new manufacturing plants. Why? Is there something we're not aware of? Maybe the storm clouds are hiding the rainbow?

Posted by Cerubic > Nov 1, 2021 9:47 PM | Report Abuse

Hong Seng is a newcomer in the gloves industry. They are building a nitrile butadiene plant, raw material for the production of nitrile gloves and just started a glove factory with just 6 production lines, Hong Seng Gloves Sdn Bhd. With the current market situation and ongoing obstacles in the gloves industries : tax, neverending story on the labour issue popping up every now and then and yet to account the pandemic/endemic situation, the importance of esg csr that need to be adhered 24/7....doubt there will be rainbow up the sky in the whole industry in days to come, instead thunder and lightning are surely heading towards them, the oldies and newbies players. Will just wait and see how much grounded in values is Hartalega, weather through the thunderstorm.

https://www.freemalaysiatoday.com/category/nation/2021/11/01/company-to-invest-rm3bil-in-worlds-biggest-glove-plant-in-kedah/
Hong Seng to build biggest glove plant in Kedah. Check out how green the stock is today. Why? The existing glove players are established with proven track record, they should be greener than HS! Market makes no sense!

I am in the same boat as you. My average is 7.90. So, as for me, I will buy if it drops below that. Otherwise, I have other stocks that I would want to buy with my spare cash.

Posted by AllYouCanBuy > Nov 1, 2021 5:20 PM | Report Abuse

Asking all the sifu here, my average cost is 7.80. Should I buy at 7.95?? Wouldn't it make my cost go higher??

Please advise and many thanks in advance.

Anything is possible. That's why never go all in.

Posted by pang72 > Nov 1, 2021 2:15 PM | Report Abuse

jolynce Then again last year, I bought some below RM5, so this is not low..
01/11/2021 1:16 PM

Let's wait for rm5 again!!

Construction sector showing their displeasure with Budget 2022.

Like Maybank, Tenaga is also holding strong.

@wirajati haha.. thanks. I remember I was driving then, and I called my remisier and told him, just take! Any price! :P

Surprisingly Maybank didn't drop much.

Sold some at opening at 5.75. Bought last week @5.67 and 5.73. After that the price went up to 5.81. So in hindsight, I could've earned more if I did not panic sell. LOL! Oh well. Now we wait for the QR!

Then again last year, I bought some below RM5, so this is not low..

Bought some at 6.88. Seeing today's price, I'm so relieved I sold most of my holding at 7.7+ after the last dividend payout. Even with dividend stocks, I believe you still need to exit when it's time to do so. Otherwise won't have enough bullet to enter at a lower price, thereby increasing yield.

Ular, if they cover their short position after the increase in stamp duty comes into effect, they'd have to pay a lot more...Correct?

Bad QR, increase in stamp duty, tax makmur - triple whammy for Bursa. I don't know if I still want to accumulate this stock at this price.

@bang_miskin thanks. If the stocks open gap down, then I will just sit quietly and wait it out. Hahaha. Have a restful weekend. We live to fight another day ;)

@bang_miskin I need to strategise.. might want to quickly sell some stocks first thing on Monday and buy back lower, esp the large companies, like you mentioned. Except Airport, that one losing money, cannot pay tax, what more prosperity tax. Sigh.. Malaysian stock market..

@bang_miskin it only matters if you bought before and you can't sell just yet. and that's where I am LOL! Based on my current average cost, with 39 sen dividend, I will be getting 6% yield just for this quarter alone. Can't complain about that I suppose. Btw how do you think the market will react on Monday to this prosperity tax. I don't have a good feeling about Bursa on Monday.

Last year said RM400M one-off donation. This year says 33% one-off prosperity tax. Next year, one-off what else? But at least this one is not targeted at one sector only.

YAY! 2 days buying spree got profit already!

Posted by UlarSawa > Oct 29, 2021 4:58 PM | Report Abuse

Wow TG up 13sen today.. Mana ada afternoon always crash one leh. why you want to scare ppl kah. Correct?

can buy some at 7.3+

Posted by TreeTopView > Oct 29, 2021 1:42 PM | Report Abuse

Quarter EPS of 9.90 cents, a little bit below my guestimate of around 10.5 cents.
We might see a retest of the 7.35 area in upcoming days, imo.

I agree.. don't chase. Wait till it drop then buy, then sell when it goes up. If you see the trap pattern that you said earlier, then can take advantage of the price pattern.

Posted by newtrader1989 > Oct 29, 2021 12:23 PM | Report Abuse

Dear I am only telling those who chase high not to those who bought yesterday. So relax

If you cut loss then buy back lower, ok also what.. but gotta take the risk lah.. who knows which direction this stock gonna go with the uncertainties of SCIB and Serba hanging over their head..

It touched 0.41 but quickly retraced.. hope you get your TP soon.

Posted by risktoreward > Oct 29, 2021 12:04 PM | Report Abuse

Congrats! I’m still waiting for 40s

Last time sold 6.40.. yesterday bought this back same price LOL!

sold 0.395!

jolynce bought at 0.28 last year.. waiting to sell. I noticed that this current level is already at pre-pandemic price though, so not sure how much higher can it go?
18/10/2021 1:01 PM