Mother of Gloves, Hartalega QR has just been released. Harta's profit is more than double compared the previous quarter at RM 544Million Profit an increase of 148% from 219 Million
Next QR to be released this week will be is Supermax. Mabel expected to be a minimum another RM 800 million. 1 billion QR profit is not a dream..
normally price won't increase too much within 1 month after QR, with more warrant expiring, banker will press down until u scare..... after 31 Oct I only buy
Please, harta already work so hard and perform well...dont be asian minded like your kid score A+ and expect more. Harta is generating tons of money while others pouring tons of money to setup glove factory...
- In June 2020, Top Glove reported their RM350 mil PAT In September 2020, Top Glove reported their RM1.3 billion PAT which is 3.7 times higher than their own previous quarter.
In August 2020, Supermax reported their RM400 mil PAT. RM50 mil higher than Top Glove. Next week late-October 2020, Supermax WILL ANNOUNCE their RM1 billion PAT which is 2.5 times higher than their own previous quarter.
Top Glove's market cap is THREE TIMES larger than Supermax. But Supermax can match Top Glove's profits.
Harta only made 220 million last quarter. Supermax made 400 million last quarter. Next week, Supermax projected profits are RM1 billion but Harta's only did RM550 million.
Supermax always has TWO TIMES the profits of Harta. But Harta's market cap is TWO TIMES larger than Supermax. Says something. Supermax is a growing company.
ya teamrocket what u said was right. it is overpriced. supermx have plenty of upside. if based on current earning until next year. total profit expected at RM3.6bil. EPS atleast 30cents per quarter. x4 = 120cents. I conservatively give PE at 20 also worth RM26. if cut by half which means PE 10 also worth RM13 atleast. so now u know Supermx paling sikit pon can go RM13. provided good market sentiment. RM13 no issue at all. I GUARANTEED!
Harta is no doubt generating tonnes of money and performed very well, but unfortunately, it seemed that the share price already factored in such results already, and possibly already overvaluing it.
more locked down in EU means less Glove consumption. More admission to ICU means more Glove consumption. Glove consumption has peaked according to Harta Qr results. Whether can maintain at current level now depends on TopGlove Qr announcement in Early December 2020
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Abilakh
376 posts
Posted by Abilakh > 2020-10-27 13:16 | Report Abuse
Please don't spread rumours...analysts expected RM450 - RM500 mn plus only, please check the analyst reports...