Those swimming naked and trading using margin will be caught. Good to flush out the weaker investors and to protect the aunties and uncles from losing their pants

Comfort and Topglove always have quality issue and now kena US FDA warning. Hartalega's stronghold is US market and this will make their glove pricing more attractive vs other manufacturers. There is a difference between a Rolls Royce vs Proton. Price is what you pay, value is what you get. Some other glove companies are cheap for a valid reason

Remember to come back Noob. 21st Aug 2020 we shall see if your dream come to reality

It was reported that Topglove lead time delivery surged to more than a year, indicating all productions are sold forward and potentially locking down their ASP. On the other hand, Hartalega lead time delivery is only 100 days, giving it ample rooms to adjust price upwards in a tight market environment.

It's easy to commit all your productions forward but doing it prudently and profitably takes skill. Only time can tell and next Harta next quarterly financial result would be much better than this qtr given all forex loses have been realized and expenses accrued to this qtr.

@Lingesh I remembered 2 times confirmed, maybe 3 x but certainly not 4x. I seldom monitor price movements and just keep for long term. I can sleep soundly at night and not worry about the daily price movement with Harta

Some lesson for newbies. Do your research carefully and not listen to tips. I noticed there are a few people here disguising as guru and recommending people to sell on dip and buy at rally with unfounded PE formula. This is how institutional investors trap retail buyers.

Those who took the bait from these few gurus, consider it a small fee to pay for the precious lesson. Learn to read financial statement if you want to invest in shares. There are many books to learn.

I have invested in Harta since 2008 till now. Share split 2 times, got 1 time warrant, countless dividends over the years. Every year, my circle of friends will ask me for investment advice during CNY gatherings. Every year since 2008, I will tell them to invest in Harta but very few dared to buy as the price "appreciated too much" according to them. Come next year, they will regret but still dare not to invest. This keeps repeating yearly as Harta earning swell with yearly production expansion.

Hope all newbies will be more informed before investing in any companies and have confidence in your judgement. Cheers.

Those who think Supermax is safe to invest in now, just because it's cheap, should know the history why the company failed to appreciate.

A history of poor management judgements, insider trading, putting foot into own mouth etc. If you feel safe to put money into dodgy management to handle your money, you can go ahead

Download the full 4Q FY2020 financial result to get the full perspective. At P&L section, operating profit actually hit record high RM174 mil vs RM110 in corresponding qtr 2019, a jump of close to 58%.

The company realized some derivative loss of RM39 million and operating expenses of RM24 mil this qtr and hence pulled down the overall profit after tax. This is a smart move for long term share holders to book more expenses during profitable year for tax management purpose. For short term investors who don't look into the fine details, they will be disappointed and scream sell.

@David sorry for the late reply. I seldom log in to monitor Harta price movements. I seriously do not deserve any admiration just for holding on to a fantastic company.

Although I've communicated with the management to share some market insight and appreciation for their business acumen, I'm likely just among the many long term investors of Harta. The management should be credited for their far sightedness in embarking on niche nitrile market, IOT and automation when others are still relying on cheap labour and competing in latex glove segment.

I also like the way the management grew organically instead of embarking on quick mergers and acquisitions just to inflate profit and revenue. Often, shareholders pay hefty premium to acquire and this is a lazy way for the management to grow profit as it will thin down your margin. Just look at Topglove for their costly mistake which will take years to untangle the mess. Harta has the highest nett profit margin (17% vs 9% for Topglove) and could easily squeeze others out of business during a down cycle.

Also, most glove companies in Malaysia embark on piecemeal growth with factories scattered all over the place, making it costly to develop and manage small scale operations. NGC and NGC 2 are large scale, structured and centralised expansions. Mun Leong is assisted by a team of capable staffs who always deliver the projects on time and often incorporating the latest automation and technology.

On how to spot good companies, it comes with experience (mostly bad ones) or reading up. I like Benjamin Graham, Phil Fisher and Warren Buffett books. Very boring, fundamental books but nevertheless very good guides whenever I'm in doubts. Hope you will find them beneficial too. Stay safe, stay invested.

When you have chosen the right company and the right industry to invest in, the time to sell is almost never. I'm a long term investor so would not comment on short term speculative investment style. I have invested in Harta since 2008 through all the ups and downs. It was the smallest cap glove company back then vs the giants like TG, Supermax and Kossan.

I do not know how much higher the share price will go next year or if a vaccine could be found by the end of the year. I do know that their capacities are fully committed and the newly purchased land will earn the company much more money for those willing to wait a few more years. Cheers all and stay safe

I normally do not invest in tech stock but making exception with Penta for short term (2 year time horizon). Noticed the company in early 2019 and kept monitoring the financial until I finally made the move in Aug despite the huge gain for th year. Still skeptical of management competency as the moat to enter this sector is not that high and may become obsolete fast.

Anyway, took opportunity during the Friday sell off and bought in 60k shares. Will keep for a while longer to observe the management style before deciding to keep long term.