koidch

koidch | Joined since 2015-11-19

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Stock

2023-04-05 10:31 | Report Abuse

retailer is still retailer ... mindset too remain the same .... that's y always be harvested by insti...

Stock

2023-03-18 16:41 | Report Abuse

Fund flow shows since TG released qtrly report recently, local insti buying Harta, TG & Supermx quietly ... But investment bank reports still pessimistic .....

Stock

2023-03-06 15:17 | Report Abuse

same to Kossan, but not TG , Supemx / WRP ....

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2023-03-06 15:15 | Report Abuse

Why Harta is hiring ?.......

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2023-03-04 00:21 | Report Abuse

Just for your info, Harta just hired 400 foreign workers in Feb 2023.....Order picked up...

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2023-01-26 16:39 | Report Abuse

harta covered by walter aw...

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2023-01-26 16:38 | Report Abuse

$KLSE-HARTA - Finally not another sell call? Updates from CIMB Corporate Day

There's really a lot to digest from CIMB's corp day. This time let's take a look at the presentation by Hartalega to learn about their latest updates.

1. They continue to see strong headwinds heading into 2H FY23.

2. ASP is expected to further decline from USD 24 to USD 20, and stabilise at that level.

3. ASP hikes will be challenging due to the same reasons discussed about many times already.

4. Customer inventory is expected to ease in the next 2 quarters however it remains to be seen whether there will be a significant pick-up in demand after that since customers are not buying aggressively yet.

In the near term...

5. Rising operation costs will continue to pressure margins however this is partially offset by decreasing raw material prices.

6. in Q2 FY 23, utilisation rate was 49%, which is below pre-covid utilisation of around 75-80%. They estimate that the industry average utilisation rate is around 50% too. Harta expects utilisation to maintain around this range for the next few quarters.

7. Harta thinks that it could potentially be in the red for the next 1 or 2 quarters.

8. They will focus on cost management, operational efficiencies, and scale up automation initiatives across their operations.

In the longer term...

9. Harta expects global glove demand to grow at an average 9% annually, similarly to pre covid for the past 10 years.

10. Intense competition and oversupply is expected to persist in CY 2023. Thus, Harta is also slowing down expansion plans in NGC 1.5 as well as their Sepang plants. The commissioning of 2 lines in NGC 1.5 is expected around 2H FY23, and subsequent lines staggered across the next 2-3 years. The construction of the next 2 plants will be delayed as necessary.

11. Most of the other glove players are also slowing down expansion plans.

12. They estimate the total current global supply is 500bn pcs, while demand is about 252bn in 10M CY 22. The oversupply situation is expected to take around 1-2 more years to abate before earnings can return to pre-pandemic levels.

13. Harta plans to maintain its OEM business and diversify its customer base, while implementing an OBM strategy into multiple medical device distribution company across AsiaPac. They are also considering M&As.

Current Landscape...

14. Glovemakers from China have also slowed and cancelled expansion plans. Harta expects the aggressive price cuts so far will slow down as current ASP will likely lead to losses for the Chinese players as well.

15. Harta says that the Chinese players can only cut as they did because they were allowed to use coal as a source of energy which is cheaper. Should the government policy change and prohibit the usage of coal, the advantage would be negated. Harta expects to maintain their competitive advantage due to their better quality product as well as the geopolitical tensions surrounding China.

16. CIMB believes current valuation can be supported as it is already 20% discount to the sector, long term demand for gloves, Harta's leading technology and margins, as well as their strong net cash position.

Thanks Walter.

Stock

2022-12-27 13:12 | Report Abuse

yes, fund flow shows local institutions started accumulating gloves.....especially harta & TG

Stock

2022-12-27 12:58 | Report Abuse

Will harta be affected by electric tariff hike of rm0.20 /kwh from jan to jun 2023? the answer is very minimum ! if you use google map (satellite view) you will see harta 's NGC plant 3- 6 roof top fully with solar panel.... Gas price which to be reduced soon will benefit glove sector....

Stock

2022-12-27 12:46 | Report Abuse

Hartalega 's NGC plant 5 started production...... plant utilization going up >50++%

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2022-12-27 12:44 | Report Abuse

covid cases rise tremendously in China. it will soon deplete the glove stock level at all health centers & hospitals....Glove manufacturers will see re-order coming in .....

Stock

2022-12-16 18:18 | Report Abuse

Harta 's production flr utilization rate has increased from 40+% to 50+% and another plant is going to start very soon......

Stock

2021-02-04 19:00 | Report Abuse

bonus issue is on the way !!!

News & Blogs

2016-01-12 12:53 | Report Abuse

Exactly IBinsuder,free public domain such as gmail is not secure at all , the content of enail can be sniffed n picked up easily. PLC company 's email system is normally secured with encryption/ firewall system to prevent leakage n maintain integrity .

Do you think the staff including directors dare to communicate by sending quotation , important product technical paper n others email using gmail / hotmail / yahoo mail ?

News & Blogs

2016-01-12 09:59 | Report Abuse

Hevea owns web page n email system with domain name of heveaboard.com.my .
Why must yong reply via gmail & how do u know a company boss personal's email id?
Only Company email will be used to commumicate with public

News & Blogs

2016-01-12 09:42 | Report Abuse

I used to work as IT & email professional in a public listed company more than a decade, I dont think the replied emails are real with below points:

1. From the view of a company director , anything that pertaining to company matter should be replied via company 's official email which carries domain name of xxx@heveaboard.com.my. And furthermore, normally a company personal email such as gmail will not be distributed to public due to privacy and company image.

2. So coincident, both the guys here ( email sender) & Yong are using the same gmail , there are so many free email system available free of charge such as yahoo , hotmail ....
Is it because this guy is familiar with gmail n "registered "on behalf for yong?