Posted by joyvest > 2020-07-15 17:21 | Report Abuse

if you see my comments, you will be even angrier.......

Posted by pertamina > 2020-07-15 17:26 | Report Abuse

Better read apple comment. Ur smarter than him

Posted by moneytr33 > 2020-07-15 17:28 | Report Abuse

Haih.. i hope the corrections have completed

Posted by stevenckheng > 2020-07-15 17:38 | Report Abuse

what is that unknown transactions at 4.50pm ?

Posted by OngKawKaw > 2020-07-15 18:03 | Report Abuse

Lelong lelong. Foreign fund buying. Foreign fund buying.

Posted by smallfishy > 2020-07-15 18:17 | Report Abuse

I heard that harta is unable to raise their selling price as 'freely' as the other counter because their sales are mainly long term contract with old customer ? Is it true?

Posted by universeck > 2020-07-15 18:37 | Report Abuse

It's easy to be bulllish when counter is shooting up but a real successful investor will be even more bullish when the counter crash.

Just loaded up more Harta. Those few people always talking BS here are missing in action - guess bola kecut already. Lol.

Posted by Mabel > 2020-07-15 18:37 | Report Abuse

Yesterday dropped RM 0.90, I collected one batch
Today dropped another RM 1.40, I collected two batches.
If tomorrow further drop, I will collect lor...

Meow Meow Meow..

Posted by WeLoveSarawak > 2020-07-15 19:31 | Report Abuse

yaahooo yabeda beduuuu!!
you sell more to me, i buy more from you :)

Posted by tarmizixx > 2020-07-15 20:21 | Report Abuse

Vaccine has been found. SELL! SELL! SELL!

Posted by Sashay88 > 2020-07-15 20:23 | Report Abuse

tarmizixx so excited to sell

Posted by Jiasaihooi > 2020-07-15 20:35 | Report Abuse

Hong leong Bank, new TP
https://www.theedgemarkets.com/article/hlib-ups-target-price-top-glove-rm3131-hartalega-rm2012

Posted by Jiasaihooi > 2020-07-15 20:37 | Report Abuse

HLIB ups target price for Top Glove to RM31.31, Hartalega to RM20.12
heedgemarkets.com

July 15, 2020 16:26 pm +08


-A+A
KUALA LUMPUR (July 15): Hong Leong Investment Bank Bhd (HLIB) raised its earnings forecast and share target prices (TPs) for rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd on expectation of higher average selling prices (ASPs) for gloves due to the Covid-19 pandemic.

In a note today, HLIB analyst Farah Diyana Kamaludin said the research firm maintained its "overweight" call on the rubber glove sector with "buy" calls for Top Glove, Hartalega and Kossan shares.

"Maintain 'overweight' on rubber gloves driven by a pandemic-fuelled demand. Market leader Top Glove (TP: RM31.31) is our top pick for the sector, being the largest glove manufacturer globally with vast clientele, readily supporting the increasing demand," she said.

Sponsored Content

"[For Top Glove,] we raise FY20-22 earnings by 24%/33%/8%. Thus, our TP increases to RM31.31 (from RM23.91) based on 33x PE (+1SD) tagged to mid-FY21 EPS.

"We checked in with Hartalega, and was pleased to hear that ASPs has been increasing. As such we take this opportunity to impute higher ASP assumption (circa +6% year-on-year) due to better-than-expected demand. Following that, our FY21-22 earnings increase by 14%/18%, our TP has increased to RM20.12 (from RM17.63) based on 47x PE (+2SD) tagged to FY21 EPS.

"[For Kossan,] with the expectation of further price adjustments in 2H20 and new capacity coming in 2021, we increase our FY20-22 earnings by 28%/41%/17%. Post adjustments, our TP increases to RM16.37 (from RM11.69) based on 31x PE (+2SD) tagged to FY21 EPS," she said.

At Bursa Malaysia today, Hartalega's share price fell RM1.22 or 7.18% to RM15.78 at 4:09pm, Top Glove dropped RM1.16 or 5.01% to RM22 while Kossan was 78 sen or 5.78% lower at RM12.72.

Hartalega and Top Glove are KLCI constituents. At 4:14pm, the KLCI fell 7.72 points or 0.48% to 1,591.03.

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Posted by moneytr33 > 2020-07-15 20:59 | Report Abuse

Buy buy buy... fly high to rm20

Posted by ttluck > 2020-07-15 21:41 | Report Abuse

What I seen is a repeated chart.. Sudden correction.. Cool down 2weeks..normal back.. High risk high gain...

Posted by Jiasaihooi > 2020-07-15 21:44 | Report Abuse

There sure will be down then up again..

The current demands for gloves are demanding until next year acoording to the glove data.

Even now not enough gloves supply till next year.

Posted by stocktrade101 > 2020-07-15 21:46 | Report Abuse

2nd wave of this virus hasn't even started yet!

Posted by OngKawKaw > 2020-07-15 21:47 | Report Abuse

Speechless. There are still so many ignorant people who believe that the vaccine has been developed and is being put into mass production. Ignorance is fine, but don’t be an idiot.

Posted by Ming96 > 2020-07-15 22:00 | Report Abuse

Nvm. Letting them do some charity by giving us the opportunity to let us buy at cheap price. woohoo

Posted by STFU_FU > 2020-07-15 22:10 | Report Abuse

Too much of idiots spreading fake news and fear mongering in all the 7 gloves counters despite they don’t own any shares

Why are they so wicked and cruel to purposely create confusion and want to cause panic ?

Stupid to stay in a forum which they hate !!

If they don’t hold any shares of the company, why they keep wasting time to bark ?

Win or loss is our decision and investing is with our own money

They lack the brain to understand

Wicked and Cruel

Posted by hosehliaoo > 2020-07-15 23:28 |

Post removed.Why?

Posted by Cashbanana > 2020-07-15 23:55 | Report Abuse

ASP Uptrend Intact
Sector Update
Maintain OVERWEIGHT on sector, with Top Glove (TOPG MK, BUY, TP: MYR28.88) as our Top Pick. Global gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. For all five gloves stocks that we cover, we raise our earnings estimates and TP due to higher ASPs assumptions. Our Top Pick is Top Glove due to its superior market cap/liquidity and its ability to raise ASP more than peers.


Top Glove (TOPG MK, BUY, TP: MYR28.88)
ASP Uptrend Continues
Company Update
Keep BUY with higher DCF-derived MYR28.88 TP from MYR24.80, 20% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We raise our earnings estimates and TP due to higher ASPs. Our new TP reflects 33.5x FY21F P/E (+1.8SD to the 5-year mean). The premium is justified due to its status as the biggest gloves producer globally and its ability to raise ASP more than peers.


Hartalega (HART MK, BUY, TP: MYR21.60)
ASP Uptrend Intact
Company Update
Maintain BUY with higher DCF-derived MYR21.60 TP from MYR19.00, 21% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP reflects 44.9x CY21F P/E or +1.6SD above its 5-year mean valuation. The premium is justified due to its highest exposure (96%) to nitrile gloves which command better ASP.


Supermax (SUCB MK, BUY, TP: MYR18.88)
Steeper ASP Increase At Distribution Level
Company Update
Keep BUY with higher DCF-derived MYR18.88 TP from MYR13.88, 18% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. As Supermax has its own distribution channel in US, we expect its earnings to outperform peers. Our new TP reflects 27.5x FY21F P/E. This is at 23% discount against sector average due to its smaller market cap/ liquidity.


Comfort Gloves (CG MK, BUY, TP: MYR4.80)
A Rising ASP Lifts All Boats
Company Update
Upgrade to BUY with new TP of MYR4.80 from MYR3.18, 40% upside with c. 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP is based on CY21F P/E of 25x – 30% discount against peers average. This is to reflect its smaller market cap/liquidity to peers. BUY for its FY21 earnings growth of 128% supported by 10% ASP increase and 14% capacity
expansion.


Kossan (KRI MK, BUY, TP: MYR15.50)
Factoring In Higher ASP
Company Update
Keep BUY with DCF-derived TP of MYR15.50 from MYR13.00, 22% upside plus c.1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP implies a FY21F P/E of 31.3x or 13% discount against sector average forward P/E. This is justified due to its smaller market cap and lower liquidity.

Sources :RHB Research

Posted by kakashi > 2020-07-16 00:42 | Report Abuse

Report of vaccine progress is not a lie. It is in the news. Human trials already started.
So the risk is that suddenly some positive news came out about vaccine... then ppl will start selling

It's normal. So it's up to u to take the risk

Posted by kakashi > 2020-07-16 00:49 | Report Abuse

https://www.nst.com.my/world/world/2020/07/608654/moderna-covid-19-vaccine-enters-final-stage-trial-month

There are also Russia n China vaccine in the race. Therefore there won't be shortage of good news on vaccine n this is the risk of glove stocks

Posted by Johnng8882020 > 2020-07-16 01:01 | Report Abuse

Free vaccine for all patients? If got also very very very expensive la. Rich people can afford vaccine. How about poor one. Let them die? Virus still spread even got vaccine. Glove still in high demand and high profit. Untill one day vaccine cheap like PANADOL then only let go your glove share. This thing may happen but will take at least few years time.

Posted by Wingyap > 2020-07-16 01:15 | Report Abuse

Hartalega Quaterly Result will be released and out Next month August 8, this time coming closed to min PRofit after tax PAT Rm 250 millions

Posted by Cashbanana > 2020-07-16 01:16 | Report Abuse

vaccine or not vaccine we need glove also, inject vaccine no need to wear glove ?

Posted by Wingyap > 2020-07-16 01:18 | Report Abuse

Looks coming quarter result will be super profits.. another 21 days.

Posted by rahman89 > 2020-07-16 01:32 | Report Abuse

Haiyaa... i thought vaccine found and bought moderna shares.. it goes down now..china already passed this stage a month ago.. still long way to go it seems.. US media is marketing their company worldwide it seems on vaccine race..

Posted by Wingyap > 2020-07-16 01:35 | Report Abuse

Donald’s Trumps needs to win his elections coming November, that’s why high advertising on vaccines .

Posted by Wingyap > 2020-07-16 01:41 | Report Abuse

Unless Americans please wear their masks, can American , latins American, do it wearing mask all the time! No way .. these white are to elegant

We only see covid -19 patients kept increase everyday by days including India and Brazil !

Posted by Wingyap > 2020-07-16 01:44 | Report Abuse

https://www.bbc.com/news/health-53392148

Posted by Johnng8882020 > 2020-07-16 01:47 | Report Abuse

Today 15.98 average for 50 lots. If tomorrow down to 15.3 start to collect again 50 lots. Now Harta is the cheapest among the 4. Win another 1m not a dream.

Posted by Wingyap > 2020-07-16 01:55 | Report Abuse

Coronavirus cases update till today
https://www.worldometers.info/coronavirus/

Posted by rahman89 > 2020-07-16 01:55 | Report Abuse

Yeah harta is cheapest.. top glove already on fair price after correction.. supermax also ok..kossan may be still got gap up.. but y comfort and rubberex not down much?

Posted by Wingyap > 2020-07-16 01:59 | Report Abuse

Rahman agree with u

Posted by saahmad7 > 2020-07-16 02:13 | Report Abuse

wondering Harta will goes up or goes down tomorrow?

Posted by rahman89 > 2020-07-16 02:23 | Report Abuse

Im not sure about 2mrow..but surely rally for glove will begin again end of july or after raya haji holiday.. august 11 harta will release their qr result..

Posted by rahman89 > 2020-07-16 02:30 | Report Abuse

Fundamental reason for glove company to go down is not here yet.. vaccine not found yet.. just that the developing stage for "Moderna" is going to next level..which is just a advertising news for their company.. for now glove companies still running with maximum profits and sales is fully booked until next year end.. So no worries..

Posted by Jiasaihooi > 2020-07-16 03:07 | Report Abuse

HLIB ups target price for Top Glove to RM31.31, Hartalega to RM20.12
Chee Gee Ren
/
theedgemarkets.com

July 15, 2020 16:26 pm +08


-A+A
KUALA LUMPUR (July 15): Hong Leong Investment Bank Bhd (HLIB) raised its earnings forecast and share target prices (TPs) for rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd on expectation of higher average selling prices (ASPs) for gloves due to the Covid-19 pandemic.

In a note today, HLIB analyst Farah Diyana Kamaludin said the research firm maintained its "overweight" call on the rubber glove sector with "buy" calls for Top Glove, Hartalega and Kossan shares.

"Maintain 'overweight' on rubber gloves driven by a pandemic-fuelled demand. Market leader Top Glove (TP: RM31.31) is our top pick for the sector, being the largest glove manufacturer globally with vast clientele

Posted by SpeedNpower > 2020-07-16 08:21 | Report Abuse

Harta is madly underpriced thanks to pushdown from other gloves counter. What a pity. Will collect some when it further drops today!

Posted by jungleboy > 2020-07-16 08:46 | Report Abuse

not logical that price kept dropping with IBs kept posting higher target price...hang on guys, will shoot up anny time

Posted by joyvest > 2020-07-16 08:49 | Report Abuse

prepared for another bloodshed

Posted by joyvest > 2020-07-16 08:50 | Report Abuse

or prepared for another collection ?

Posted by ttluck > 2020-07-16 08:52 | Report Abuse

This Harta

Posted by ttluck > 2020-07-16 08:53 | Report Abuse

I think harta wana follow kossan way perviously... Lag a bit first... Nanti I kasi show my performance... Lol...

Posted by MaxGGG > 2020-07-16 08:58 | Report Abuse

no eye see ady ---- Harta today....pls buck up!

Posted by investmalysia > 2020-07-16 08:58 | Report Abuse

@joyvest, bloodshed = collection

Posted by Gekko92 > 2020-07-16 09:02 | Report Abuse

Died lorrrhhhh...huhuhuhuuu

Posted by smallfellow > 2020-07-16 09:03 | Report Abuse

George Washington never told a lie. Donald Trump can never tell the difference. If he tell you America found a vaccine for Covid19, you dare to let them inject you or not? At the moment they only catch a few homeless people and inject them to see if it works or not. I think the demand for gloves will stay strong for sometime yet. At least another 1 or 2 years.