somo1

somo1 | Joined since 2016-05-20

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Stock

2023-03-09 21:10 | Report Abuse

A month ago, when JP Morgan made a TP callof $9.50, most of us would have thought that's an outrageous target. But now, that target price no longer looks unrealistic but within reach.

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2023-02-15 11:48 | Report Abuse

JPMorgan downgraded it to SELL with a TP of $9.50 citing shrinking market share, disappointing quarterly, and lacks of catalysts.

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2022-12-01 17:30 | Report Abuse

Plenty time to collect at below 21 this morning. Finally, price movement of this stock find its senses. Cheap for such well run blue-chip, laggard play shall eventually catch up.

Stock

2022-12-01 08:43 | Report Abuse

Rewards only for those who are not easily swayed. Let's see what would happen next week. CPO up but KLK down?? hmmm...

Stock

2022-04-28 10:06 | Report Abuse

First class planter but absolutely incompetent finance/ treasury people they have. Hope they don't bankrupt the firm one day as the result of their reckless so-called hedging activities. To me, it's more like speculating that they're doing. From the 1Q2022 report, do take note of their sizeable USD forward selling contracts. With CPO revisiting 7000, and USD nearing 4.39 ringgit, paper losses in the coming quarter would likely worsen. No wonder, interest earned from their bank deposits dwindled as they'd need to top up on the margins, which pay them NO interests at all on their massive CPO Short contracts as prices continue to surge.

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2022-04-17 13:11 | Report Abuse

That's the latest US inflation data, which is not applicable here.

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2022-04-04 11:34 | Report Abuse

See if EPF will emerge in the afternoon. If not, this stock cum dividend can only sail north!

Stock

2022-04-01 11:14 | Report Abuse

Non-stop selling by EPF. Looks like by end of this month, as long as there're takers, EPF shall turn itself into a minority shareholder! That's when UP prices can see a sustainable uptrend. Till then...

Stock

2022-03-25 20:10 | Report Abuse

Another, if I remember correctly when browsing thru their AR, they held over 100 million ringgit worth of bond funds/ unit trusts. They're already starting experiencing capital losses´╝î which they rightfully recognized as bond yields started to rise. Yet, they're still hanging on to such investment, knowing very well bank Negara will surely raise rates in the 2H2022, negative investment return from those bond funds will deepen. Nevertheless, losses from those investment would not be material, just a few million ringgits. But hey, to be prudent, well managed and fully accountable to shareholders, they ought to switch out from the bond funds NOW and move them to strictly Money Market funds with no exposure to instruments having tenors longer than 12 months. Every penny counts!

Stock

2022-03-25 19:58 | Report Abuse

Ooihk899, your suspicion is not without reasons. Probably... but only the insiders can be sure of...

Stock

2022-03-25 19:55 | Report Abuse

...and now with the commodity markets adjust upward to the QE or over-printing of the greenback on top of the expected food shortage as the result of the Russian/Ukrainian crisis... They've got to be blind to engage in such mindless forward selling of CPO and in total disregard of shareholders' interests. Even if they want to lock in good prices as they seem fit, under current extraordinary circumstances, they should sell forward in small batches and not go too far out in tenors, 3 months forward should be fine and considered prudent. The current "hedging" they're doing, I'll call it reckless and in total contrast to their conservative and prudent corporate image.

Stock

2022-03-25 16:57 | Report Abuse

Totally in agreement . No dispute at all on their excellence in operations and the way they manage their plantations. But their finance/ Treasury department is really weak, really remote from sophistication. What a pity! Really hope they can reform in that regards.

Stock

2022-03-25 16:28 | Report Abuse

Not really sure they're hedging their risks. It appears they simply take a view on the CPO market believing the CPO prices have gone up excessively, as seen in their comments made in the 3Q2021 notes and AR2021, hence selling forward CPO contracts. That's taking a BET but wrapping it up in the name of hedging. And their decision on such bet obviously had gone very wrong, and the worst thing that they seem NOT to realize they're wrong and continue to thread along the same pathway. As for their refineries´╝î Unitata, Unifuji, if they really want to lock in their purchase prices for raw materials and have a better control on their input costing, they should be LONG the CPO contracts and NOT shorting them, right? Really couldn't see how could they qualify these activities as hedging, instead they brought onto themselves more risks by double-down on SHORTING CPO futures.

Stock

2022-03-24 11:27 | Report Abuse

Yup, their finance/ treasury people are incompetent entering so called hedging activities without using their brains! Should they never learn and repeat the $140 million losses in shorting futures in their so called hedging activities. These people should be held accountable or be sacked from the jobs!

Stock

2022-03-16 09:40 | Report Abuse

Thanks @Sardin.

Stock

2022-03-15 16:40 | Report Abuse

Did they publish 4Q2021 results? How come don't see it anywhere? But they did announce the dividend payment. Can anyone enlighten me?

Stock

2022-03-04 09:29 | Report Abuse

Ytlpowr gave senior management a total of 60 million shares options. What's the justification for that lofty rewards? And does anyone know details of the ESOS, like the exercise price and time period for the option?

Stock

2022-02-23 11:32 | Report Abuse

They're being careless.

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2022-02-22 16:42 | Report Abuse

Not really. It's YTL Corp doing the partnering.

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2022-02-21 17:15 | Report Abuse

They're all above 17 years old, said ban doesn't affect them at all. Moreover, such ban is politically correct, and a fashionable thing to do. The relatively more liberal Pakatan, especially DAP will not just vote with their hands but their feets too if called for.

Stock

2021-12-10 13:57 | Report Abuse

More likely will be halved of what it's now.

Stock

2021-12-03 11:11 | Report Abuse

Harta, Kossan n LCTITAN removed from Bursa Syariah index, putting more pressure to the said stocks in an already battered market.

Stock

2021-12-03 11:03 | Report Abuse

Both Harta and Kossan been removed from the Syariah index. Expect Islamic funds to adjust their portfolio positions accordingly starting next week.

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2021-11-24 11:56 | Report Abuse

It's all political. They've already have the conclusion. ...

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2021-11-18 11:31 | Report Abuse

Ryan83 total volume transacted for the stock yesterday was only 14 million, wonder how did they buy back 16 million shares?

Stock

2021-11-17 11:36 | Report Abuse

It can be next... Who knows?

Stock

2021-10-29 22:19 | Report Abuse

In that case, expect lower trading activities,which will translate to lower bottom line for Bursa. SELL then!

Stock

2021-10-26 20:53 | Report Abuse

Single market risk, i.e. 50% of its sales revenues come from the USA is unbearable high! If US import ban materializes, it'll be disastrous for Harta. Supermax share price plunged 10% when news of its products banned from the US broke, and US market accounted for only 20% of its sales revenues. Hence, it's highly probable that we may see a limit down in Harta share price should the ban actually come about.

Stock

2021-10-21 20:07 | Report Abuse

Maximizing automation is key for a brighter tomorrow.

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2021-10-21 13:28 | Report Abuse

Since TGlov off the hook, left with Harta n Kossan being targets.

Stock

2021-10-21 13:24 | Report Abuse

Yeah, one year later. And looking at Topglov share price, they aren't doing that great either after being allowed to sell to the US again, trading near year low, isn't it?

Stock

2021-09-27 17:28 | Report Abuse

Wah, looks like his final BUY batch ever extending lower. Must be running a bank with unlimited resources.

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2021-09-22 21:07 | Report Abuse

JPMorgan may do another round of downward revision, especially if windfall tax is to be imposed. God knows! Only time can tell...

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2021-09-11 12:37 | Report Abuse

Yokohama IR scrapped.

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2021-09-10 07:26 | Report Abuse

Niet, handy summary.

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2021-09-08 11:20 | Report Abuse

Government may shave it off by the so called windfall tax. Guess would have to wait it out till Budget times next month.

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2021-08-08 14:46 | Report Abuse

Caveat TG may be handed with a windfall tax come budget times!

Stock

2021-07-27 19:17 | Report Abuse

Government will use the company's comments on 2021 being an exceptional year to tax windfall profit on glove companies to fill the Treasury's coffer in the name of fighting the covid pandemic. Guess, nobody would dispute that from Tun to LKS.

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2021-07-24 09:56 | Report Abuse

Unlike as the sale proceeds is insignificant.

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2021-07-23 23:56 | Report Abuse

Total disaster!

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2021-07-08 12:43 | Report Abuse

Bang_miskin aren't you aware that Harta is also under US CBP investigation?

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2021-07-07 23:15 | Report Abuse

Adcool, you forgot that they not just rely on sea route, they already have train routes linking China to Europe. Freight cost maybe slightly higher compared to sea freight, but it's more assured and transportation time may be halved!

Stock

2021-07-04 09:16 | Report Abuse

New supply is low? Hell no, they're gushing in, instead. Not just coming from the local front but huge new capacity being built in China and Thailand. Wake up to the real world!

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2021-07-01 16:59 | Report Abuse

Their competitors are not just the local boys though, they're also up against the super efficient and cost effective Chinese glovemaker like Intco.

Stock

2021-07-01 16:24 | Report Abuse

Yup, EPF have initiated aggressive selling on Harta and Kossan. No wonder, Supermax where EPF have no position in stays steady today. Up attributed to epf, down also because of it, the dynamo of our market!

Stock

2021-07-01 11:26 | Report Abuse

That kind of reports not credible. Just look at the huge plant expansion completed and more capacity expansion planned by not just the local players but those in China and Thailand.
Because the tech content in glove making is low, hence the low barrier of entry, easily pulling in more new players. Don't have to look far, just look at MahSing. From drawing board to actual running of its production lines and getting customer orders, it takes them less than 12 months! The major concern now is that glove supply is growing exponentially whilst demand for it is NOT!
Notwithstanding the above, since Supermax has had a super fantastic 2019 run, maybe at this moment you'll find its major stakeholder takes it easy and enjoys the beachfront Florida condo, which he's well earned. So guys, relax...

Stock

2021-06-27 13:40 | Report Abuse

InsiderShark People tend to forget the counterparty or paymaster is Laos. It's the poorest nation in Asean, and its avenues to earn foreign exchange is rather limited. If the government has difficulty to generate US$ reserves, that will be time mfcb won't get paid. MFCB has a sound management team it seems, but the exposure to a single customer, that is Laos makes investors to demand a higher discount when buying into this stock. Country risk is real and a red big flag one should not ignore. That very much explains why mfcb can only trade near single digits PE, nothing more!

News & Blogs

2021-06-27 10:56 | Report Abuse

Same tricks use over and over again. So rich already, just can't understand why is he still playing such glaringly unethical act!