Posted by Lukey_Greek > 2020-09-15 18:03 | Report Abuse

Boss mentioned no bonus issue plan for the time being, looking at the poor share price performance of its peers post bonus issued date.

Posted by gloveharicut > 2020-09-15 18:05 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-09-15-story-h1513520059-Glove_supply_will_not_meet_demand_in_next_three_years_says_Hartalega_ex.jsp

Posted by JC1425 > 2020-09-15 18:31 | Report Abuse

@humongainz
If it goes surpass RM15 it's good. I hope TG's report does not influence the glove market on Thursday

Posted by runroadtokl > 2020-09-15 18:49 | Report Abuse

what happen to harta?

Posted by humongainz > 2020-09-15 18:51 | Report Abuse

@JC1425 It won't. The numbers will be comparable. And with TG almost nearing its upside, funds will be flowing here.

Posted by humongainz > 2020-09-15 18:57 | Report Abuse

AGM resolutions are here.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088376

Posted by cbkia4896 > 2020-09-15 19:35 | Report Abuse

Harta is for steady bom bi bi holders. Contra players go other counters pls.

Posted by humongainz > 2020-09-15 19:40 | Report Abuse

looks like you bought last week. don't have instant 40 percent in 2 days also can get higher than that de. no worries.

Posted by Jackthejeep > 2020-09-15 20:08 | Report Abuse

Harta directors are spitting right into investor's face

RM 21 holders receiving RM 0.021 dividend... what a freaking joke!

Assume price now is RM 14, investors who hold from RM 21 would have lost RM 7 per share or RM 7,000 per lot

On top of that, they would get only RM 0.021 x 1,000 shares = RM 21 inggit dividend ( 1.5 %, for comparison, FD now is about 1.8% )

Investors still lost RM 7,000 - RM 21 = RM 6,971

You guys really need to reflect on the reality... Harta is such a big company earning millions, yet investors who helped them push up share price until new heights, gets rewarded with peanuts!

Wakakaka really pity

Posted by humongainz > 2020-09-15 20:14 | Report Abuse

lel. the copypastas. capital gains will be way more than the dividends la aiyo.

Posted by JayC88 > 2020-09-15 20:20 | Report Abuse

this Jackthejeep is either stupid or missed the boat.

earn 6.5 cents, give out 2.1 cents as dividend = peanuts?

give us some other counters to compare?
this is not a dividend stock to begin with

Posted by humongainz > 2020-09-15 20:22 | Report Abuse

@JayC88 Haven't sail la. aiyo. Port still many people.

Posted by pjseow > 2020-09-15 20:28 | Report Abuse

Penta has not been giving a single sen of dividend since 2008 until only recently a 1.5 sen.was given. Howver, its share price has gone up.about 100 X since 2008.

Posted by humongainz > 2020-09-15 20:30 | Report Abuse

Apple also doesn't. Google oso dun hab. All use to reinvest in the company's growth le

Posted by pjseow > 2020-09-15 21:03 | Report Abuse

Investors who want to get high dividend yield.should go for Maybank, Uchitech, panamy ,malakoff which gives about 6 to 7% dividend yield but their share prices do not grow like the glove counters . Airasia overly ""generous ""by giving more than 100 % dividend last year ended up have to borrow 2.5 billion to sustain the business.

Posted by PZOGRO > 2020-09-15 21:08 | Report Abuse

AGM reporting by Nanyang .... Thursday to limit up....28 is not a dream Hosei liao!!


https://www.enanyang.my/node/353017

Posted by Fabie > 2020-09-15 21:19 | Report Abuse

Seems like Harta wants to be a gentleman in this covid-era by not raising prices aggressively?

Their miserable retained earnings might not be sufficient for a bonus issue, but how about a share split? No retained earnings requirement. With a share price higher than TG and Supermax but with lower profits, it is obvious which share investors would choose right?

Posted by Jackthejeep > 2020-09-15 21:23 | Report Abuse

No BI, peanut dividends, constant roller coasters.

Looks like more down sides to owning a Harta

Better go other gloves counter lor like that wakakaka

Look around you, salty cunts, many are complaining, dont joke around here ptuihhhh

Posted by humongainz > 2020-09-15 21:30 | Report Abuse

Interesting. If you take the number of shares floating in the market by TG, SuperMax, and Harta. Your comparison is a bit off.

Besides, from my limited Chinese proficiency reading the article, Hartalega is also prioritizing customer relations and intending to take care of labour rights issues further than what has already been done in August. Another thing, there is new line of medical product specifically targeting covid that is awaiting for medical approval in US.

Which of the glove companies do you think have a brighter future?

Idk. You decide lo.

Posted by humongainz > 2020-09-15 21:37 | Report Abuse

Okay. So, it's also forecasted that the future net profit in a quarter in 2021 is expected to be 2.2 billion, a 133.6% increase from this year.

Posted by humongainz > 2020-09-15 21:47 | Report Abuse

Comparing the the profits in whatever metrics from all these companies while ignoring the number of shares outstanding and stock price is just ridiculous.

For now, supermax can goreng but can die oso.

If TG, I personally won't touch within a 10 foot pole unless it goes to 6 - 7 this week. Anything you'll just be the victims of the goreng kakis who are currently HOLDING over there.

For mid term (think the next 3 years), harta will be the underdog winner of the three. Good future whether you sell or hold.

that's all from the Oracle of Pekan.

Posted by humongainz > 2020-09-15 21:51 | Report Abuse

Ahh here comes the goreng kaki's logic.

ahh, boss buy, ofcourse I buy la, i not stupid lehh.. hehe.

Well. TG boss bought what price leh? Between 6-8? Averaged out is closer to 7.

Harta boss oso bought o. Not yesterday when it was cheaper, but today.

Then, going by the goreng kaki's logic, y'all should buy on Thursday morning AGM or not. Hmm

Posted by pjseow > 2020-09-15 22:03 | Report Abuse

首季means first qtr, 次季means second qtr. Harta First Qtr Financial year is April, May, June. Its ASP for second qtr.increase by 30 % on the average . It will further increase its ASP by sbout 30 to 40% in subsequent qtr which is the third qtr. Based on this information, I estimate Q2 Profit to be 420 million and Q3 Profit to be 725 million assuming no increase in volumes

Posted by humongainz > 2020-09-15 22:04 | Report Abuse

@pjseow Thanks for sharing.

Posted by LaoTzeAhSir > 2020-09-15 23:34 | Report Abuse

Jackthejeep keep crying haha. we need more clowns like you

Posted by Jackthejeep > 2020-09-16 00:08 | Report Abuse

Cry? Haha, bet you crying hard tonight seeing how you lost RM 7,000 and get a special RM 21 present from your big boss Harta

Maybe enough to buy McD and Mcflurry for 1 meal wakakaka

Posted by humongainz > 2020-09-16 00:21 | Report Abuse

economic news
He Tejia: the necessities of the new normal, the demand for gloves will not drop in 3 years
September 15, 2020

(Kuala Lumpur, 15th) He Tejia (HARTA, 5168, main board health stock) believes that even if the vaccine is successfully launched, in the new normal environment after the epidemic, the global demand for gloves will not decrease in 3 years.

The COVID-19 pandemic has led to a surge in global glove demand. However, with the news that vaccine development is going well, many investment bank analysts have lowered their profit forecasts for glove companies after the second half of 2021.

However, Guan Jinan, Executive Chairman of He Tejia, is not worried about this and believes that the global glove market demand will not decrease in the next 3 to 4 years.

He said at a press conference after the shareholders meeting today: "I think some analysis reports are too conservative. They think the demand for gloves will decline in two years or even the second half of next year, but we don't think so."

Posted by humongainz > 2020-09-16 00:22 | Report Abuse

No fear of new business competition

Guan Jinan pointed out that COVID-19 has affected people's behaviors and attitudes towards health and safety. Therefore, under the new normal, there is still a demand for gloves.

"Before the epidemic, the global demand for gloves increased by 8% to 10% every year. Now because of the epidemic, the demand for gloves has soared by 120 billion. I think that after the epidemic has dissipated, the world will still need these 120 billion gloves and continue to maintain it. The original growth."

"The change in hygiene concepts is particularly obvious in developing countries. Before the epidemic, each person in developed countries used an average of 30 gloves per year; but in developing countries, including China and India, each person used an average of 3 to 5 gloves per year. The data will definitely climb upward."

Due to the soaring demand for gloves caused by the coronavirus epidemic, many companies are interested in joining the glove manufacturing industry, but He Tejia is not worried about these competitions.

Posted by humongainz > 2020-09-16 00:23 | Report Abuse

Production capacity will increase to 95 billion

"Building a new factory and passing various approvals is a long process. Even if He Tejia has been in the glove industry for so many years, it will take us at least 15 months to make major changes; this is too difficult for a new company. ."

He Tejia can now produce approximately 38 billion gloves a year, and at the same time expand its new generation of integrated glove manufacturing square (NGC).

The expansion plan for NGC 1.5 and NGC 2.0 is expected to be completed in fiscal year 2027 and will expand production capacity to 95 billion.

The attendees also included Chief Executive Officer Guan Minliang and He Tejia Executive Director and Commercial Director Guan Minjing.

Guan Minjing (from left), Guan Jinan and Guan Minliang share the company's future prospects with the media.

Posted by humongainz > 2020-09-16 00:23 | Report Abuse

Responsible for delivery within 1 year

Guan Jinan also emphasized that at the moment of the outbreak of the epidemic, it is He Tejia's more concern to maintain a good relationship with customers and to tide over the difficulties together.

He also emphasized that He Tejia’s policy is to limit the delivery time to one year in order to be responsible to customers.

"We must maintain a good relationship with our customers, so that our future will be better."

Guan Jinan also pointed out that He Tejia provides good benefits for employees and foreign workers, including dormitories with sufficient space for foreign workers.

"The dormitory we provide for foreign workers allows each foreign worker to have an average of 3.95 square meters, which is beyond the international standard of 3.5 square meters."

"The environment in which the employees live is acceptable to me, and there is no problem for me to live there."

"This is also part of He Tejia's sustainable development."

Posted by cbkia4896 > 2020-09-16 00:23 | Report Abuse

Cbkia too high up at rm20 dy waiting u all to catch up so everyday make memes to entertain pepal. Give love please.
https://www.instagram.com/p/CFKTsRCBmaG/?igshid=1jykv71x7eszo

Posted by humongainz > 2020-09-16 00:23 | Report Abuse

Antibacterial gloves waiting for FDA green light

The impermeable antibacterial gloves first launched by Hetejia are still awaiting approval from the US Food and Drug Administration (FDA).

Guan Minjing said that because the impermeable antibacterial gloves are brand new products, the approval process is time-consuming, and the company does not know when it will be approved.

"Because this is a brand new product, the FDA needs to conduct a comprehensive review, and we are still communicating with the US authorities."

He Tejia’s shareholders’ meeting also recommended a single-tier final dividend of 2.1 cents per share for the 2020 fiscal year. This brings He Tejia’s total dividend for the 2020 fiscal year to 7.75 cents per share.

Guan Jinan also emphasized that the company will maintain its 60% dividend payout policy.

Posted by humongainz > 2020-09-16 00:27 | Report Abuse

Above are all the excerpts from enanyang (https://www.enanyang.my/node/353017)

Guan here is the boss kuan gor.

He Tejia is Hartalega.

Don't understand can ask.

Can use google translate to verify back the news source.

Posted by Tan Meng > 2020-09-16 02:17 | Report Abuse

Bill Gates doesn’t expect a virus vaccine before year-end — but he says one drugmaker has the best chance

https://www.cnbc.com/2020/09/15/bill-gates-doesnt-expect-a-coronavirus-vaccine-before-year-end.html

Posted by Tan Meng > 2020-09-16 02:42 | Report Abuse

There may not be enough coronavirus vaccine doses to quickly supply the world, Gates Foundation says
https://www.cnbc.com/2020/09/15/there-may-not-be-enough-coronavirus-vaccine-doses-to-quickly-supply-the-world-gates-foundation-says.html

Posted by Tan Meng > 2020-09-16 02:44 | Report Abuse

Here's why a vaccine will not stop the Covid-19 pandemic right away
https://edition.cnn.com/2020/09/15/health/vaccine-not-end-coronavirus-pandemic/index.html

Posted by CharlesT > 2020-09-16 06:42 | Report Abuse

Btw nobody will buy glove co for their div yield...buy banking stocks if u want good n div yield....but u will lose money fm capital loss..
Lol

Posted by CharlesT > 2020-09-16 06:43 | Report Abuse

I hope fm now on there will be no idiots saying Kuans r good people so they didnt revise their ASP much last few months blah blah blah..

They r solely tai lang ngong....

Posted by CharlesT > 2020-09-16 09:39 | Report Abuse

Anyway time to buy Harta for the catch up play..

Good luck

Posted by ivanlau > 2020-09-16 10:10 | Report Abuse

Harta pe 86, supermx 43, kossan pe 48, riverstone ( Singapore ) pe 36 , think about that .........

Posted by coast87 > 2020-09-16 10:32 | Report Abuse

PETALING JAYA: The global demand for gloves is likely to continue outstripping supply for the next three to four years, even if a vaccine for the Covid-19 becomes available, according to Hartalega Holdings Bhd.

The world’s largest nitrile glove maker says the consumption of gloves worldwide will continue to increase because of changes in user behaviour.

Speaking at a press conference after the group’s AGM yesterday, Hartalega CEO Kuan Mun Leong said the Covid-19 pandemic has changed user behaviour, and that was driving up demand for gloves.

“Demand in developed countries has increased 30%, while in developing countries, demand has more than doubled, ” Mun Leong said.

Due to heightened hygiene and safety awareness, there is now a structural step-up in the use of gloves, he said, adding that this was why the medium-term outlook for glove demand would remain strong.

The industry, he said, was currently facing a huge shortage, with about 120 billion pieces of gloves as additional demand.

“This demand can only be fulfilled in three years, ” Mun Leong said, adding that the industry would not see an oversupply in the next three to four years despite players actively ramping up their production capacities.

Mun Leong pointed out that without the pandemic, global demand for gloves typically expanded at an average of 8%-10% per year.

Meanwhile, Hartalega executive chairman Kuan Kam Hon said the company was constantly expanding at an average rate of about 20% per annum, which was slightly more than the organic growth in the industry.

“For us, the situation for the next three years is that of supply not meeting demand, ” Kam Hon said.

“Even if we have extra gloves by the fourth year, it goes into inventory building. When you have a supply shortage, you are not able to build inventory, ” he added.

On capacity expansion, Mun Leong said Hartalega was currently accelerating growth through its next generation glove manufacturing complex (NGC) to to meet the demand.

“To date, we have commissioned 10 out of 12 production lines for plant six, while for plant seven, the first production line is on-track for completion by October 2020, ” Mun Leong said.

The group recently acquired a 24.23ha land in Sepang, Selangor, adjacent to its NGC plant seven, for RM158mil.

The group plans to build four new plants on that piece of land with an investment of RM1.5bil.

“The first line will start production in October 2021, ” Mun Leong said.

Upon completion, the four new plants would add 19 billion pieces per annum in installed capacity.

In addition, Hartalega is expected to invest RM3bil for its next expansion phase, code-named NGC 2.0 to build seven factories on a 38ha in Banting, Selangor. The first production line is expected to be commissioned in the first half of 2022.

Mun Leong said once fully completed by 2027, Hartalega’s expansion plans would see the group’s total annual installed capacity increase to 95 billion pieces per annum.

Hartalega’s net profit more than doubled to a record RM219.7mil for the first quarter ended June 30,2020, while revenue jumped 44% year-on-year to RM920.1mil.

Mun Leong said Hartalega is expected to continue posting better results in the quarters ahead, supported by rising average selling prices due to strong global demand for gloves.

Glove prices, he said, are now three times as high as they were in pre-Covid-19 days.

This quarter alone, spot prices for gloves jumped 30%, and he expected them to increase 40%-50% in next quarter.

Posted by LaoTzeAhSir > 2020-09-16 11:46 | Report Abuse

Jackthejeep. my harta c52 cost at 9c, lost 7k? hahahaha. thanks for making my day once again.

Posted by LaoTzeAhSir > 2020-09-16 11:46 | Report Abuse

CharlesT, it seems like you have a special love-hate relationship with Harta.

Posted by warrantsmaster0 > 2020-09-16 11:55 | Report Abuse

https://klse.i3investor.com/blogs/trading_warrants/2020-09-13-story-h1513467113-Take_Research_Reports_with_A_Pinch_of_Salt_Glove_Warrants.jsp

Posted by CharlesT > 2020-09-16 12:07 | Report Abuse

Good is good n bad is bad...

Posted by LaoTzeAhSir > 2020-09-16 13:07 | Report Abuse

#2020年9月16日
#手套
#Harta
#关锦安

早晨微风扑面，湖面泛起一片片鱼鳞般的涟漪，三几只褐色的鹭鸟迎风低飞，逍遥自在，挥动 iron 7 轻击，让球落在小岛上，不是什么大问题咯。

天地间原本一片宁静，但是微风却吹皱一湖池水，昨天关锦安一番言论，彻底破坏了他多年建立起来的 “Harta 良心企业” 形象。

医疗手套的未来需求有持续的上涨空间，就像所有与医疗有关的服务和产品，包括保险，需求会逐年增长，因为先进国人口老化，全球人口增加，人类生活水准提升，教育普及，这是谁都知道的。

但是，如果没有新冠肺炎导致严重的人命和医疗事故，手套需求是不会在短短三几个月就出现极端的供不应求，之后也不会有无良商人大幅加价赚灾难财。

Topglove 和 Harta 上一季的财务报告显示，它们个别的营业额对比前一季增加了37%和18%，盈利大涨了201%和90%，这就是所谓的年度化 organic growth 8-10%吗？

肺炎的因素让手套商发灾难财是个事实，请不要尝试去澄清，讲到好像肺炎病人只占了人类人口的3%，其他都是刚性需求的增加，这种自欺欺人的言论，和鸵鸟没有什么分别，把头埋在沙里，自己选择不去面对现实，就以为别人看不见。

注：我唱歌不好听，但是我看歌唱比赛，我是有能力分辨谁唱得比较好。我不厉害煮菜，但是我到不同的餐厅吃饭，我是有能力批评那一家煮得比较好吃。同样的，我分析公司，我可以比较出那一个老板比较厉害，那一个比较烂，但是你不要质问我，叫我去做手套免费送给人，我有我自己帮助别人的方式，你也必须常常帮助有需要的人。

在7月份时，我预测手套股价会在8月见顶，有几个无聊家伙一直呛我，人身攻击，我给了几次警告，叫他们不要人身攻击，但是他们声浪越来越高，最后我没有办法，砍掉了大概4－5个人。

现在手套股在高位暴跌之后反弹，又有几个极端的人出来手舞足蹈唱好手套股，我没有阻止你们开贴和留言分享你们的看法，但是，请不要冷嘲热讽他人，不要人身攻击，不然，我给过几次警告过后，我就会砍人了。

免责声明：这个帖不是买卖建议，大家买卖自负。

Posted by LaoTzeAhSir > 2020-09-16 13:07 | Report Abuse

Joke from Sam Li from Rainmaker Fb group. He thought biz is charity. there's an equilibrium for everything.

Posted by CharlesT > 2020-09-16 13:31 | Report Abuse

Sam Li is not bad lah..he can feel the bottom of glove co like me last Thu..

Just that i dont understand his stance on Harta Boss at all...why he thought Harta Boss is kind hearted...lol

Posted by CharlesT > 2020-09-16 13:32 | Report Abuse

Mayb he think all glove co should give out free glove to.the world dont ask ask me why he think so...lol

Posted by al8800 > 2020-09-16 16:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/09/16/china-shares-snap-rally-as-experimental-vaccines-stoke-safety-concerns

China shares snap rally as experimental vaccines stoke safety concerns MARKETS

Wednesday, 16 Sep 2020