The fact that Dato Ong who already owns Ruberex went ahead and bought a 5% stake in Comfort gave me confidence to hold and also indicates that something is brewing.

@TheYolo i do have gold in the form of gold investment account and gold miners in the US market. I believe these are the direct beneficiaries from the rally. So i am not disputing that gold will rally, just that Poh Kong is not the correct play here.

Also, in the short term i foresee gold to be overbought and will drop back to usd2k, if broken then usd1.8k. The reason is Usd is very oversold, and will bounce back thus hurting the bull rally in the short term

puayhwa08 so the target for gold end of the year is 2500? That is just an increase of 25% from current levels yet poh kong increases by that % in a day. Very much detach and not proportional to the actual price movement

So Poh Kong has a gold inventory that has increased in value. You do realised that is just value on paper. Same as you when holding a stock, you only profit when you sell it.

Now gold is on a pullback. Demand is lower due to MCO. The usual community events like marriages that drive demand for gold are also banned. So what Poh Kong has is just a gold inventory that has increased in value on paper.

This is pretty much the ceiling price for gold in the short term. The only way is down from here. Even if you think gold is a good hedge, why this counter? Gold is a commodity just like oil, when you think oil price will increase, you go for oil producers. Poh kong is not a gold miner/producer

When gold went up 1%, this counter went up 30%. So now that gold went down 1%, what should happen to the price?

Dollar is strengthening and gold price is slipping

Use common sense. How will higher price benefit PK? Yes they can sell their jewelry at higher market price but who is buying? MCO are affecting the crowds to shopping malls. Investors looking to hedge with gold will prefer paper gold which is more liquid

come on, how much more do you think gold can go, 2100 or 2200 per oz? That is just 5% from current price. But this counter can go 30% everyday? They are still largely a retailer, hit hard by MCO and lesser public demand due to high price

Gold price already stagnant, how can the share increase by 30% every day?

Price immediately drop after Dato Ong took a 5% stake?

Regular retailers must have been mistaken. Poh kong sells jewelries. If you are looking to get into gold as a safe haven as a hedge, buy gold bars, gold mining stocks or virtual gold.

Who would buy gold jewelry from PK as an investment? Not only is the selling price at a premium to the market rate, you also get charge ridiculous amount for workmanship and when you sell it back to them, it gets marked down significantly.

I think the run up is just purely from retailers recognizing a familiar gold shop name they see from shopping malls. But yet they fail to differentiate how to properly participate in the gold rally

investor39, so after unloading...what will be the plan? push up to what tp?

investor39, may i know what is their end game?

TG last min also end up in red

Poor management, not flexible enough to cater for increased in demand. Look at what TG did. They managed to not only ramp up production but to also increased their ASP but selling at a premium to those who are willing to pay more to secure their products. This is how you tackle this once in a lifetime opportunity, not merely servicing your existing customers

Stupid Harta dragging down the entire market. If results bad, better don't pandai2 release early la.

Enjoying all the excuses that the people defending Harta are giving. Accusing others of being newbie investors lol. The truth is, you can simply place your money on any other glove counter and you would have earned multiple times more

Kossan increased by 18%, where is Harta? Just riding on the coat tails of others. Big brother konon

ESOS at 70 sen. If you buy the son and convert, your cost is actually 68.5 sen So undervalue

8 working days is what i heard. Never tried before. Seems worth it, it is like getting mother for 70 sen right now

Anybody looking into converting the son to mother by adding 20 sen? Can easily make 10 sen per share by doing so

Anybody thinking of paying the 20 sen to convert son to mother? Seems like a no brainer right now. Putih2 earn 10 sen

josephw All the top 4 glove stocks move in similar direction. What is important is the % change! Harta is always lagging when others are green, and dropped more when others are red

Harta not only lagging, but actually opens in the red when the rest are green. Amazing

Look at the sour grapes here bending backwards to say why bonus issue is a bad thing. I bet they will change their tunes immediately if Harta announced the same

No wonder lose to supermx, action so slow like turtle

Heather19 Up less down more

People who argues that Harta is slow because of its market cap doesnt make any sense. TG is the biggest in market cap, yet it can still fly so high. No need to compare to Supermax then, compare to TG, Harta still laggard what

Harta laggard

didioil132 this is so true

Embarrassing for harta. So called component stock

Supermax catching up, already broken RM16

30 sen difference between Supermax and Harta now

'technical issue', a bit too convenient

Ni Hsin Resources Bhd has aborted its plan to acquire a 22.73% stake in Seamog Group Sdn Bhd through a share subscription agreement entered into by both companies on 13 Feb, in view of the adverse global economic condition coupled with Covid-19. (Edge Markets)

Harta what a joke man. Can still go red

Harta, how to classify yourself as top 4 with such movement

Engine starting

Sudden drop in the US markets yesterday. Doesnt look good for KLSE

The previous quarter report really exposed to the public which glove counter is the real deal and which counter is just hitching a ride

If you think it will drop to 48 sen and bounce back. Doesnt it make more sense to sell now and buy back at that point?

Top 4 making new highs everyday, this counter still sleeping. Wait til afternoon when Top 4 drop back slightly, this will go red

Yup the opportunity cost due to holding this is too massive. Dump this and simply enter top 4 you made back many times

The company is doing everything right, last quarter profit better than even some gloves counter. Just waiting for the volume to come in and push

yes top 4 hitting new highs everyday, this one still sleeping

slowly building up momentum

Never up when gloves counter go up, but when they go down this will follow

Suddenly all quiet in here

Sorry what did the article in Nanyang said?