Posted by Sakuragi11 > 2021-01-25 22:39 | Report Abuse

TA show uptrend....Testing RM 14.50....if able to break then can go higher

Posted by ChaseBros > 2021-01-25 22:48 | Report Abuse

http://www.sustainalytics.com/esg-rating/hartalega-holdings-bhd/1043036811/

Wow! Hartalega ESG is so good (or very low risk). Hopefully, it could attract more funds with the aggressive business plan and expansion till 2027 (with anticipated of 95 billion capacity as opposed to 44 billion by FY22) including the Anti-Microbial Glove technology (AMG).

Posted by ChaseBros > 2021-01-25 22:55 | Report Abuse

9.65 cents out of RM13 closing today is 0.74% x 4 quarters = 2.97% which is much higher than FD, averaging less than 2%.

Though we know for sure the PAT will be even higher next quarter and subsequent quarter for the rest of 2021.

Posted by swagger855 > 2021-01-25 22:58 | Report Abuse

The meagre 2.97% wont compensate for the drop in share price. At least topglove give about a one off 11% dividend throughout the 2nd quarter until 4th. Harta really shoot its own foot.

Posted by ChaseBros > 2021-01-25 23:11 | Report Abuse

<<swagger855>> The statement above is just to counter your earlier comment suggesting the dividend is less than FD but it is not. Anyway, going by your logic, please put your money in Topglove then.

Harta is my client. I like the management, and how they conduct business, while they enjoy highest historical P/E among all glove makers (just to show the investors confident level in Harta). They already embark into automation, IR4.0, energy efficient system thus most advanced with lowest production cost among all, sending the team to Google campus to import the good working culture, etc.

Posted by swagger855 > 2021-01-25 23:15 | Report Abuse

0.74 per qr less than fd 1.75. Tg is way more. Cant see? Lol . Billions in profits but kiamsiap as heck. Tg already learnt its lesson. Btw, tommorow likely sell on news.

Posted by Targeted > 2021-01-25 23:43 | Report Abuse

https://www.cnbc.com/2021/01/25/covid-vaccine-moderna-working-on-covid-booster-shots-for-south-african-strain.html

Additional round of vaccinations coming up......

Posted by ChaseBros > 2021-01-25 23:47 | Report Abuse

<<swagger855>> Do you know Math or not? FD 1.75% is per annum, so per quarter or 3 months, you get 1.75% divided by 4 = approx. 0.44%.

Let's say the FD rate for 3 months is 1.75%, and again 1.75% is per annum, not per 3 months (though the applicable rate is 1.75% for 3 months).

If you put RM13,000 into FD today, you'll enjoy 1.75% FD rate but for 3 months, you'll only get RM13,000 x 1.75% x 3/12 = RM56.875. This is far less than Harta dividend of 9.65 cents x 1,000 shares = RM96.50.

If you want to equate Harta dividend to per annum, it is at least 3%, as shown in previous posting above.

Of course TG is way more. No one is stopping you from putting your money in Topglove.

Posted by Targeted > 2021-01-25 23:48 | Report Abuse

https://www.cnbc.com/2021/01/25/covid-vaccine-moderna-working-on-covid-booster-shots-for-south-african-strain.html

Additional round of vaccinations coming up......

So now need 3 shots............

Posted by BALANCE_VIEW > 2021-01-25 23:56 | Report Abuse

ChaseBros, ..... I think all investors here are fully aware of ESG rating, IR4.0, succession plan and cluster of good things about Harta that enable a higher PEx being accorded to Harta as compared to other big 4.

But the point here is with superb PAT above RM1bil a quarter and cash in hand above RM2bil, what the heck is the Board thinking? A pitiful 9.65sen dividend is akin treating minority shareholders as pengemis jalanan la!

Of course one can argue than this is interim, but this is Q3 already. Is the Board trying to signal that Q4 profit will plummet? Even if Harta pay additional 10sen, it will only cost extra RM300mil+! Cannot afford ?? Really BS !

Posted by swagger855 > 2021-01-26 00:01 | Report Abuse

Div yield of 0.74% at rm13 is very very low for a company that has a profit of about 1b per quarter. And yet with cash holdings of rm2.1b. Ok la... make yourself feel better to say that 2.97% div yield is higher than fd rate by about 122 basis points , on the basis of annum per annum comparisom :)

Posted by Targeted > 2021-01-26 00:02 | Report Abuse

Saving for last quarter.......... no need fr all Top 4 to whallop dividend at 1 go......

Posted by BALANCE_VIEW > 2021-01-26 00:07 | Report Abuse

One of better strategic move by TG is to declare special dividend.

With such handsome dividend, shareholders have enough bullets to fight against evil shorties which tried to drag price to unimaginable level. Effectively, it saves company from the need to do share buy back, which is not the flavor of market currently

Posted by OkieDokie > 2021-01-26 00:19 | Report Abuse

Truely very kiam and very siap...
Let's see what Kossan /Supermx is offering comes the QR report.

Posted by swagger855 > 2021-01-26 00:19 | Report Abuse

And u also didnt take the risk into account. Fd has virtually 0 risk . With that much volatility in harta, harta should be paying a lot of div.

Posted by OkieDokie > 2021-01-26 00:22 | Report Abuse

May be to reserve cash for combating short seller via SBB ; ) ; ) ; 0

Posted by Gaussian > 2021-01-26 00:22 | Report Abuse

Maybe harta is saving for the shorties and corner them like TG. Lol

Posted by OkieDokie > 2021-01-26 00:25 | Report Abuse

@gemfinder , are you paid to do this ? Keep doing it if you are paid for this donkey jobs.

Posted by ChaseBros > 2021-01-26 00:25 | Report Abuse

<<BALANCE_VIEW>> I think Harta really focus on business and long term plan, not so much of a "show-manship". They are also very late in hiking the ASP, and still honoring the relationship/arrangement with the prominent buyers (clients).

They just conceived the NGC1.5 plan last year (and it was never in their planning) and they already bought the land next to existing NGC in Sepang, while NGC2.0 which was in their original plan will proceed as planned in Banting. Construction and development already underway, and they will also invest in energy efficient system, automation, IR4.0, etc. It should be up and running from 2022. They are really putting the money to work or good ROE.

Topglov is very "stingy". They are very slow in adopting new technology and with so much cash in hand, they are still asking vendor to propose leasing scheme, rental scheme, BOO scheme, etc. They are also quick in hiking the ASP and taking advantage of the pandemic. TSLWC is really a showman.

Business wise, I prefer Harta, though I'm holding more Topglov than Harta. It really depends on the nature of your investment/trade. It's like Public Bank vs Maybank.

Posted by BALANCE_VIEW > 2021-01-26 00:31 | Report Abuse

There are hundred ways of CAPEX & working capital management.
Bank loan interest is super lo now, espy for company like HARTA. Bankers will wait at their doorstep to lend them find with very competitive rate.

No excuse for stinging on minority shareholders's dividend !!

Anyway, it is ok to have differing view.

Good nite

Posted by ChaseBros > 2021-01-26 00:34 | Report Abuse

<<swagger855>> Go somewhere else lah. No one ask you to invest in Harta. Your Math is so-out-of-the-world and your risk assessment/appetite is too low. Regardless whether the price drop or go up this week, I'll hold for at least till 2H2021 unless it hit my target price before-hand.

-------------------------------------------------------------------------

swagger855 And u also didnt take the risk into account. Fd has virtually 0 risk . With that much volatility in harta, harta should be paying a lot of div.

Posted by swagger855 > 2021-01-26 00:42 | Report Abuse

Says the one who cant even compare investment options on a risk adjusted return basis. 0.74% dividend yield but in one day drop more than 4%. Very good math.

Posted by GoodBoy > 2021-01-26 01:13 | Report Abuse

RSS traders did not buy back any shares of Kossan, Harta, TopGlov n SuperMax on last Friday 22/01/2021 ...

Posted by Targeted > 2021-01-26 02:44 | Report Abuse

https://klse.i3investor.com/blogs/techfullybrewed/2021-01-26-story-h1540155006-New_Phenomenon_in_US_Short_Sellers_getting_slaughtered_by_retailers_Wil.jsp

Posted by GoldenHarvest1 > 2021-01-26 05:02 | Report Abuse

Employee welfare paramount in TopGlove expansion plans

https://www.theedgemarkets.com/article/top-glove-wellbeing-employees-paramount-expansion-plans

Posted by GoldenHarvest1 > 2021-01-26 05:04 |

Post removed.Why?

Posted by GoldenHarvest1 > 2021-01-26 05:05 |

Post removed.Why?

Posted by GoldenHarvest1 > 2021-01-26 05:05 |

Post removed.Why?

Posted by calvin69 > 2021-01-26 05:49 | Report Abuse

Moderna admits its vaccine is less effective against South African variant. Is launching a trial of a new vaccine.

This pandemic is only going to rumble on and demand for gloves will remain elevated. Hedge yourself again this risk.

Moderna develops new vaccine to tackle mutant Covid strain
https://www.ft.com/content/c0c8f72c-e58e-4319-80c4-0db153ad85db

Posted by calvin69 > 2021-01-26 07:07 | Report Abuse

Bullish results note out from Nomura. TP RM25

Quick Note - Hartalega (HART MK) (Buy) - 3QFY21 results: Another record quarter

Ahead of expectations as 4QFY21F likely to be even stronger with rising ASPs
Hartalega posted another record quarter in 3QFY21 as 9MFY21 core profit of MYR1.70bn formed 61%/70% of our/consensus estimates. We deem this ahead of expectations as we expect 4QFY21F to be even stronger, driven by still rising ASPs. Management expects ASPs for 4QFY21F to rise by 40-50% q-q, even after a >50% jump in 3QFY21 (at an estimated average of USD55 per 1,000 pcs) and >30% jump in 2QFY21. This is due to still rising COVID-19 cases across the world, mainly in the US and Europe after the confirmation of new COVID-19 strain. On similar lines, 3QFY21 revenue of MYR2.13bn was up 167% y-y and 58% q-q and partly due to economies of scale (as capacity utilization remained above 95%). Core profit for the quarter of MYR965mn was up 8x y-y and 81% q-q. This is despite the increase in raw material price and foreign worker remediation payments in the quarter.

Demand is still very strong while capacity growth plans remain unchanged
According to management (and this is in line with our view as well), demand in the short term will stay strong due to increasing number of COVID-19 cases. In the long term, increased hygiene awareness and higher usage in emerging economies where per capita glove consumption is very low as compared to developed nations will help demand growth sustain above pre-COVID-19 levels. However, we may see a normalization in ASPs from 2H21F or 2022F as the COVID-19 vaccination covers a significant part of the population. Overall, we expect the cost pass-through mechanism to be readopted in the industry upon normalization of demand. On a separate note, management reiterated its capacity expansion plans. All 12 lines at Plant 6 (total capacity 4.7bn pcs p.a.) and four out of 10 lines in Plant 7 (total capacity 2.7bn pcs p.a.) have been commissioned, taking the total production capacity to ~43bn pcs. Management expects the total capacity to reach 44 bn pcs by the end of FY2022 with the completion of Plant 7. In the long term, management expects to increase total production capacity to 95bn pcs by 2027, with the addition of Plant 8-11 at NGC Sepang and expansion at NGC 2.0 at Banting. First line at Plant 8 is expected to be commissioned by 4QCY21 while first line at NGC 2.0 is expected to start in CY22.

Posted by stocking > 2021-01-26 08:05 | Report Abuse

If it is not gloves counters, which counters can give better DY?

Posted by goreng_kaki > 2021-01-26 08:10 | Report Abuse

ALWAYS BEAR IN MIND, HARTA IS A SHAME OF GLOVE STOCK

Posted by USASA95 > 2021-01-26 08:13 | Report Abuse

superb result from harta but i got feeling market will turn red today

Posted by FA Taneiz > 2021-01-26 08:16 | Report Abuse

Yeah... sell on news

Posted by gloveharicut > 2021-01-26 08:23 | Report Abuse

CIMB: The best is yet to come. HARTA TP RM21.80 https://klse.i3investor.com/blogs/gloveharicut/2021-01-26-story-h1540155938-CIMB_The_best_is_yet_to_come_HARTA_TP_RM21_80.jsp

Posted by BuyCall > 2021-01-26 08:38 | Report Abuse

https://klse.i3investor.com/blogs/buycall/2021-01-26-story-h1540154983-HARTA_5168_Latest_Quarter_Result_3QFY21_Another_Record_Earnings.jsp

Posted by BuyCall > 2021-01-26 08:39 | Report Abuse

https://www.buycall.my/stock-analysis/harta-5168-latest-quarter-result-3qfy21-another-record-earnings/

Posted by gemfinder > 2021-01-26 08:41 | Report Abuse

If it is not gloves counters, which counters can give better DY?

beter u think twice this statement, a lot more beter dividen yield than harta. bat!!!!!

Posted by super168 > 2021-01-26 08:43 | Report Abuse

gloves companies saving the country. Malaysia better be proud of them and not give problem. China glove productions are catching up. Petronas can't contribute much to the country now.

Posted by calvin69 > 2021-01-26 08:55 | Report Abuse

Even JPM admitted it was a strong result

Still believes there will be a sharp decline in ASPs in the 2H without providing any reason why. Hard to see how with the current state of the global Covid situation

Also, he does not appear to understand how margins/operating leverage work - nitrile raw material prices rose 50% or so qoq,
but gross margins are at 63%, and raw materials just 40% of COGS, so the impact on overall margins is minimal - and well offset by ASP price hikes (another 40-50% qoq expected in the 4Q, which JPM conveniently forgot to mention)


Hartalega (HART) in 3QFY21 reported another strong set of results, in
line with JPMe and consensus expectations, driven by higher ASP (c.60%
q/q). But the potential of ASP hitting inflection point by 2HCY21, in our view, could lead to near term valuation de-rating to discount the possibility of earnings cuts. We thus reiterate our UW rating and PT of MYR8.50.

* Results in line with JPMe. HART’s 3QFY21 net profit of MYR1bn
was up 84% q/q and 7x y/y. Although 9MFY21 net profit of MYR1.8bn
represents 61% and 69% of JPMe and consensus FY21E respectively, we
see this as in line with expectations as there is still room for HART to hike its ASP which is still at a c.50% discount to other producers.

* Record high q/q ASP growth. Implied blended ASP increased 58% q/q
to MYR224 in 3QFY21, 4% higher than JPMe of MYR215. There is still
room for HART to play catch up as the highest nitrile glove price is at MYR427. But we are worried that the industry’s peak ASP could soften by as early as July-21.

* Flattish q/q volume growth but cost is rising. Sales were flattish q/q in 3QFY21 at 9.5bn pieces, mainly dragged by a 32% q/q decline in latex gloves while nitrile rose 1% q/q. Sales volume missed JPMe by 2%. 3QFY21 raw material cost was 41% higher than JPMe. Labor cost was
also 26% higher than JPMe due to one-off foreign worker remediation cost.

* 3QFY20 DPS of MYR9.65c. HART announced an interim dividend of
MYR9.65c, which implies 33% quarterly payout ratio. This dividend
goes ex on 10 Feb 2021. Our FY21 payout expectation of 60% implies
FY21E DPS of MYR51c and 4QFY21 DPS of MYR36c. Implied FY21E
yield is 4%.

* Expansion plan. To date, 12 production lines in Plant 6 of NGC facility and four out of 10 lines in Plant 7 have been fully commissioned. Plant 7 will contribute a total of 2.7bn pieces upon full commission, bringing annual installed capacity to 44bn pieces by FY22 from the current 41bn pieces, according to management.

Posted by goreng_kaki > 2021-01-26 08:58 | Report Abuse

SHAME OF MR KUAN

Posted by goreng_kaki > 2021-01-26 09:07 | Report Abuse

TOPG net profit even more than harta revenue, you know how shame it is???

just imagine your friend month SAVING more than your monthly salary.....

really feel shame of shareholder and mr kuan

Posted by tamp0i > 2021-01-26 09:08 | Report Abuse

Eh.... Opened low meh? Even billions profit also can't limit up? Lol

Posted by LossAversion > 2021-01-26 09:10 | Report Abuse

What is wrong with our Bursa??? Harta acquired "harta profit" also useless!!

Posted by flydelta > 2021-01-26 09:11 | Report Abuse

MCO 2.0 not effective, follows by 3 months CMCO, will be more effective? Vaccine, drag, and drag, burning cash...Covid19 numbers still increasing, clusters will be increasing, death and damages also increasing, companies' cases increasing, and glove profit also INCREASING...

Posted by birkincollector > 2021-01-26 09:22 | Report Abuse

lol wats new...same pattern for all glove counters.....announced profits sell down

Posted by Snowpiercer > 2021-01-26 09:22 | Report Abuse

already priced in

Posted by Morpheus61 > 2021-01-26 09:26 | Report Abuse

What is Fu****g priced in ? Bloo*y creeps IB's.

Posted by caesarlcy > 2021-01-26 09:37 | Report Abuse

buy on rumours
sell on news

Posted by GoodBoy > 2021-01-26 09:41 | Report Abuse

I guess IBs are doing their dirty job by trying to lower the share price again ... Last 2 days (26/01/2021 n 27/01/2021) of price fixing for their Call Warrants expiring on 29/01/2021 ...