Posted by GrowingRich > 2021-01-29 22:40 | Report Abuse

Very good

Posted by GrowingRich > 2021-01-29 22:40 | Report Abuse

Well done

Posted by GrowingRich > 2021-01-29 22:40 | Report Abuse

Congratulations

Posted by STEADYBOMBIBI85 > 2021-01-30 01:07 | Report Abuse

Next week up or down ?

Posted by Shanjing777 > 2021-01-30 02:49 | Report Abuse

Continue to Keep your momentum up brothers and sisters. Together WE CAN rally thru the shitty JPM's so called analyst. WE ARE IN THIS TOGETHER.

Posted by ProsperousRealm > 2021-01-30 07:45 | Report Abuse

Oh dear

Posted by ProsperousRealm > 2021-01-30 07:45 | Report Abuse

Johnson & Johnson vaccine only 66% effective

https://www.statnews.com/2021/01/29/jj-one-dose-covid-vaccine-is-66-effective-a-weapon-but-not-a-knockout-punch/

Posted by ProsperousRealm > 2021-01-30 07:45 | Report Abuse

Habis la ini macam

Posted by ProsperousRealm > 2021-01-30 07:46 | Report Abuse

Useless la basically klu ini macam punya vaccine

Posted by ProsperousRealm > 2021-01-30 07:46 | Report Abuse

Haiyyaahhh

Posted by ProsperousRealm > 2021-01-30 07:46 | Report Abuse

What la

Posted by ProsperousRealm > 2021-01-30 07:46 | Report Abuse

Apa daah

Posted by smallfellow > 2021-01-30 11:19 | Report Abuse

Hopefully what is happening to GameStop will be a wakeup call to all the short sellers. Next week will be interesting, the fall of over 600 points in the Dow on Friday will be a drag on the KLSE and will dampen the recovery of the glove counters but I remain positive over the longer medium to long term. In the short term, I hope Harta will deliver a good start to the Chinese New Year. A quick recovery to around Rm15 for the CNY will be most encouraging.

Posted by mf > 2021-01-30 15:12 | Report Abuse

Dow Jones 29,982.619 -620.74 2.03%
Nasdaq 13,070.69 -266.464 2.00%

Posted by ChaseBros > 2021-01-30 15:19 | Report Abuse

<<ProsperousRealm>> What is more worrying is not J&J efficacy as it can be seen that the efficacy vary greatly from one country to another country esp. Novovax where it could fall below 50% in Africa. And, the earlier high efficacy associated with Pfizer and Moderna are largely conducted in America but new variants are emerging from everywhere, thus actual efficiency may be grind down to insignificant as time passes and mutation is accelerated and re-infecting the existing population.

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

ProsperousRealm Johnson & Johnson vaccine only 66% effective

https://www.statnews.com/2021/01/29/jj-one-dose-covid-vaccine-is-66-ef...
30/01/2021 7:45 AM

Posted by ChaseBros > 2021-01-30 15:21 | Report Abuse

Malaysia has thus far inked vaccine agreements with COVAX, Pfizer and AstraZeneca to cover 57.9% of its population while the remaining supply is expected to come from Sinovac, CanSino and Gamaleya. Based on inked agreements and adjusted for demand (i.e. 2/3rds of Malaysians surveyed said they will take the vaccine), we estimate that Malaysia can inoculate 25.8% of its population by end-2021. The government has set a rather ambitious target at 80% of population by 1Q22 but some external estimates are lower; e.g. The Economist Intelligence Unit (EIU) projects 60% by 4Q22

Source ; HLG 29 Jan 2021

Posted by ChaseBros > 2021-01-30 17:04 | Report Abuse

Hmmm..... this Aminvest is deliberately giving very low TP. Maybe because 2 upcoming warrants expiring in Mar 2021 with strike value at RM14.00 and RM16.50 respectively.

Harta already reported RM1B PAT in 3QFY21 and that could have been higher if not for one time RM90M donation to Msia government.

FY21 to-date already earned accumulative of around RM1.8B, and all knew that the upcoming quarter will see another 40% to 50% increase in ASP, yet Aminvest only revise the estimation for the full FY21 PAT to RM2.8B or indirectly suggesting the upcoming quarter which is also last quarter of FY21 will see around RM1B PAT only which is a blatant lie. Others are giving a more realistic projection i.e. RM3.3B for full FY21, ending Mar 31 2021.

Also, Aminvest estimated RM2.7B PAT in FY22 (Apr 1 2021 to Mar 31 2022), while Harta already shared the fixed volume allocation as well as spot order already fully booked for next 12 months, which could potentially see RM2B PAT per quarter from June 1 2021 onwards. Other analysts have estimated between RM6B to RM7B PAT in FY22 which is more realistic.

So, it is very easy to validate whether Aminvest suggested Target Price (TP) as well as projected PAT in FY21 and FY22 is realistic, otherwise a joke.

Remember this analyst >>> Thong Pak Leng, thong-pak-leng@ambankgroup.com, 03-2036 2025

Posted by Business101 > 2021-01-30 18:15 | Report Abuse

Why promote vaccine here?

Posted by GoodBoy > 2021-01-30 21:27 | Report Abuse

Retailers are very reasonable one ... Let Hartalega go back to fair value at 18.00 ... RSS traders can buy back their shares from 18.00 n above...

Posted by ChaseBros > 2021-01-30 23:57 | Report Abuse

<<Business101>> Not promoting vaccine but just to paint a more realistic picture whereby EIU projects only 60% will be vaccinated by end of 2022 as oppose to a more optimistic projection by our government i.e. 80% by Q1 2022. By then, also we do not know whether it is effective against prevailing variants.

The total number of cases for last couple days is more than the cumulative no of cases from Jan to Nov 2020. Do you trust the government? What we have today is More Cases Only 2.0

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

Business101 Why promote vaccine here?
30/01/2021 6:15 PM

Posted by LoliPap > 2021-01-31 02:26 | Report Abuse

KUALA LUMPUR (Jan 14): The rubber glove manufacturers saw declines in their share prices today after another bearish report from JP Morgan on the average selling price of rubber gloves going forward, as demand is expected to peak.
In a recent note, JP Morgan said gloves are “not needed” while administering vaccinations and that demand for gloves will continue to ease, contrasting with the consensus expectation that demand for disposable gloves will not shrink as sharply.


JP Morgan, which initiated coverage on the Malaysian rubber glove sector with “sell” calls in December, cited the Centers for Disease Control and Prevention of the US, the National Health Service of the UK and the British Columbia Centre for Disease Control of Canada in saying that gloves are not required while carrying out vaccination.
The American bank also stressed that glove prices may have peaked as testing efforts have started to plateau in most countries, especially developed ones. The bank pointed out that the current strong demand was due mainly to high testing activities globally.
The anticipated slower demand, it said, implies limited upside to the average selling prices of rubber gloves.


(attention to alll the newbie.. read more news)
glove market will never go high like last year again.. it will gradually fall to where it started .. first batch vacicine is coming at the end of feb..

Posted by Kossan > 2021-01-31 08:36 | Report Abuse

Another death caused by vaccine

https://www.google.com.my/amp/s/www.latimes.com/california/story/2021-01-29/man-dies-after-covid-shot-but-family-says-get-vaccinated%3f_amp=true

Posted by Mtrade > 2021-01-31 10:23 | Report Abuse

Guys, i3 doesnt allow me to post out TOPGLOVE T GROUP. So combine the link yourself!

https: //t. me/ TOPglove investors

Join the force and unite together on tuesday!

Posted by goldenluck16 > 2021-01-31 11:36 | Report Abuse

Stay united against the manipulators. Don't sell now. Keep for the longer term. Don't chase high and don't buy on margin. The IBs know your outstanding position. They are the market makers.

Posted by LoliPap > 2021-01-31 12:30 | Report Abuse

https://www.youtube.com/watch?v=CRDmGcne344

to all the newbie watch this for further understsnding.. and before close red..

Posted by Covidcovid > 2021-01-31 14:20 | Report Abuse

Haiya. You sure first batch of vaccine coming in February?? Lol

Posted by ChaseBros > 2021-01-31 15:33 | Report Abuse

When you read the news, you need to ask yourself how did JPM derive the Target Price (TP) for Harta and Topglov. This is how JPM came out with such ridiculous low target price as compared to other IBs. The following is JPM estimate Profit After Tax (PAT) for Hartalega and Top Glove.

Hartalega (TG)

FY21 (Apr 1 2020 - Mar 31 2021) PAT RM2,905M

FY22 (Apr 1 2021 - Mar 31 2021) PAT RM1,622M

Topglove (TG)

FY21 (Sep 1 2020 - Aug 31 2021) PAT RM11,674M

FY22 (Sep 1 2021 - Aug 31 2021) PAT RM1,686M

So, first of all, Harta just reported RM1B+ PAT, and accumulative PAT to-date is around RM1.8B. And, Harta Average Selling Price (ASP) is about half of its peers meaning it can raise the ASP by 100% but it hinted it will raise 40% to 50% ASP in next quarter, as such the estimated PAT may be RM1.6B, thereby total PAT in FY21 (or till Mar 31 2021) is RM3.4B which is more than JPM est. of RM2.9B, not bad, even though closer to 20% off.

Now, then we ask ourselves is the projected RM1.6B for FY22 realistic? Quite likely Harta will raise the ASP to match its peer in Q1FY22, thereby RM2B is achievable. That is too say, the first quarter of FY22 alone is already more than JPM estimate for the entire FY22.

And, if you look at JPM estimate for TG, they expect TG PAT to increase or rather sustainable till at least Aug 31 2021. TG first quarter PAT is RM2.4B, thereby RM11.674B - RM2.4 = 9.274B and divide by 3 quarters = approx. RM3.1B which is the average PAT for TG in the next 3 quarters till Aug 31 2021. Even though we expect TG PAT would be 10% higher than JPM estimate, but going by JPM logic, TG PAT is on uptrend or rather sustainable till at least Aug 31 2021.

Aug 31 2021 would translate to 2 quarters into FY22 for Hartelga. So, Hartalega will enjoy 2 consecutive quarters uptrend going into FY22. First quarter already RM2B and assuming second quarter remain the same, that would have had been RM4B PAT as compared to JPM estimate of RM1.6B for the entire FY22.

Jeffrey Ng, who is JPM analyst had only joined JPM in second half of 2020 and had no prior experience with healthcare or glove industry. Evidently, his analysis is totally off the chart. He had since deleted his profile in Linkedin and gone in hiding.

Posted by ChaseBros > 2021-01-31 15:41 | Report Abuse

According to Harta, there is a short fall of 120B annually that may take at least 2 years to catch up.

And, this is what is reported by NBC.

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

https://www.nbcnews.com/politics/politics-news/trump-admin-woefully-behind-stockpiling-medical-gloves-covid-19-surges-n1245298

The synthetic rubber “nitrile” gloves are a critical barrier to infection for health care workers on the front lines, but experts say the United States is poorly positioned to get ahead of a global shortfall of more than 200 billion.

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

If the Covid cases persist albeit much lower number or reduced by 90% thus back to first global wave, the supply and demand gap will take many more years to close.

Posted by super_newbie > 2021-01-31 17:59 | Report Abuse

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Posted by ILoveGloves > 2021-01-31 22:26 | Report Abuse

Shorties recently no momentum. No more bullets to defend and just can open eyes to see all 4 big gloves rally on last friday because no one willing to lend out shares to them and starting to realize the values of glove.
RSS = Rest, Succumb, Surrender. Will happen soon. All glove supporters will happy to win the battle.

Posted by GoodBoy > 2021-02-01 00:24 | Report Abuse

Retailers are very reasonable one ... Let Hartalega go back to fair value at 18.00 ... RSS traders can buy back their shares from 18.00 n above...

Posted by Addy > 2021-02-01 00:48 | Report Abuse

华尔街大鳄惨败YOLO股民 马股能重复奇迹?
https://www.youtube.com/watch?v=pyd_pOGULxk&fbclid=IwAR1A6QHBcuQF6r2AbcEqj4IS6N6SlF_wr-T8YALjgI7Nmya-rxk6l78YeiY

Posted by Icon8888 > 2021-02-01 01:34 | Report Abuse

Good new from Israel data. Hoot9e

https://www.theguardian.com/world/2021/jan/31/israel-covid-vaccination-data-offers-hope-exit-pandemic

Posted by pharker > 2021-02-01 02:27 | Report Abuse

Bad news from Malaysia. Hoot9e

http://covid-19.moh.gov.my/

Posted by paperplane > 2021-02-01 07:54 | Report Abuse

Support HARTA better loh. Harta Management Top

Posted by Kossan > 2021-02-01 10:41 | Report Abuse

Does the vaccine works?

The agency has investigated 13 of the deaths so far and concluded that common adverse reactions of mRNA vaccines, such as fever, nausea, and diarrhoea, may have contributed to fatal outcomes in some of the frail patients.

https://www.bmj.com/content/372/bmj.n149

Posted by noobinvestor98 > 2021-02-01 11:00 | Report Abuse

No one is safe until everyone is safe.

Posted by noobinvestor98 > 2021-02-01 11:05 | Report Abuse

We all know vaccine is going to work. However, it will take at least 3-4 years to vaccinate everyone in the world. At the moment, there will be more and more mutated strain virus. Just hold glove in ur portfolio for hedging purpose.

Posted by yingkang87 > 2021-02-01 12:16 | Report Abuse

Vacine no use - https://app.sinchew.com.my/content/content_2420805.html?type=detail&fileId=2420805&colID=7038

Posted by Icon8888 > 2021-02-01 13:57 | Report Abuse

Wa good new lehh.
Read this.

Israel’s health ministry released its first official results last week, showing that only 317 out of 715,425, or 0.04%, of people became infected a week after becoming fully vaccinated against the disease.

Vaccine is not magic something that 100% guarantee but effective >90%/

https://www.theguardian.com/world/2021/jan/31/israel-covid-vaccination-data-offers-hope-exit-pandemic


yingkang87 Vacine no use - https://app.sinchew.com.my/content/content_2420805.html?type=detail&am...
01/02/2021 12:16 PM

Posted by noobinvestor98 > 2021-02-01 14:40 | Report Abuse

@Icon8888 Isreal has population of 9million people only. It is very easy to vaccinate >80% of their entire population. Imagine Malaysia ady has 60million people. How long it will take to vaccinate >80% of citizen in Malaysia? In addition, vaccine is not a magic potion. Even vaccine has effectiveness >90%, we still need to wear mask and practice social distancing.

Pls la, stop misleading people to sell their holdings at this price which is considered as undervalued.

Posted by ChaseBros > 2021-02-01 14:48 | Report Abuse

FUN FACT

Malaysia glove stocks today are greatly undervalue, trading at single PE or FPE, and also the safest investment. If the stock market crash tomorrow or in very near future, most stocks will tumble and fall-off the edge while glove counter (though may be affected moderately at first but will continue to climb with the promising earnings at least in the next 2 - 3 years, cash rich (thus can easily finance the expansion plan even if banks are tightening the lending and consolidating its position to cushion the high bankruptcy and NPL) and continue the glove demand uptrend at average 15.9% CAGR till 2025.

Unless we did not notice, Malaysia economy is not doing good while most businesses are suffering, thus despite of widespread Covid cases (almost averaging 100X compared to 1st or 2nd wave), government had allowed almost all if not all businesses to operate. Malaysia government can't afford much direct fiscal (or no money per se).

Posted by ChaseBros > 2021-02-01 14:52 | Report Abuse

FUN FACT

As per Frost and Sullivan market study, the glove demand will see an average 15.9% CAGR or growth rate till 2025, that is from around 600 billion pcs annually to close 1,300 billion pcs in 2025. There are already more than 200 billion gloves shortage globally in Oct 2020, prior to Global Second Wave which have seen cases spike 10X - 20X. Manufacturers across the world are struggling with this 15.9% organic growth annually, let alone catching up with the acute global shortage. It will take at least 2 to 3 years to close the gap.

Sales revenue will grow from US$8.7B (in 2019) to US$24.9B (2025). Glove industry is on uptrend, and it is prudent for the bosses to reinvest to grow the production to catch on with this 15.9% CAGR (or more) and to catch up with the global shortage resulting from Covid.

Posted by ChaseBros > 2021-02-01 14:53 | Report Abuse

FUN FACT

https://www.nbcnews.com/politics/politics-news/trump-admin-woefully-behind-stockpiling-medical-gloves-covid-19-surges-n1245298

The synthetic rubber “nitrile” gloves are a critical barrier to infection for health care workers on the front lines, but experts say the United States is poorly positioned to get ahead of a global shortfall of more than 200 billion.

Posted by GoodBoy > 2021-02-01 14:56 | Report Abuse

IBs shld not look down on retailers ... Retailers hv a lot of money ...

Posted by GoodBoy > 2021-02-01 14:57 | Report Abuse

Retailers hv a lot of money actually ... Total approved i-sinar withdrawal from EPF as of 4th Jan 2021 was about RM20 billions, first monthly payment to members from 5th Jan 2021 amounting to about RM10 billions ...

Posted by Kossan > 2021-02-01 15:12 | Report Abuse

Another deaths caused by vaccination.

The government must immediately disclose all details of the investigations into these serious deaths!

https://www.google.com.my/amp/s/amp.scroll.in/article/985273/nine-health-workers-have-died-in-vaccine-rollout-india-must-disclose-status-of-probe-into-each-case

Posted by ChaseBros > 2021-02-01 15:33 | Report Abuse

FUN FACT

The efficacy of the vaccine varies from one geographical area to another and may be due to different virus strain. From the data collected by vaccine makers (i.e. Novavax, J&J, Sinopharm, etc) which have conducted trials in different countries, the efficacy varied greatly with some seeing as low as 49% in Africa against 89% in UK e.g. Novavax. Another question is how long will the antibody last? And, when the new strain will strike as well as how fast Covid is mutating?

Manaus, Brazil which was being praised for achieving herd immunity by natural infection is seeing a surge in hospitalization after a lapse of 7 months. Reinfection is taking place and some individual was seen infected by 2 different strain at the same time.

https://www.economist.com/the-americas/2021/01/23/a-brazilian-city-thought-it-had-herd-immunity-it-was-wrong

Though we hope to see an everlasting high efficiency vaccine, heightened hygiene will be in place till the pandemic is declared over by WHO. That will likely not happen till 2024 onwards when broad population were vaccinated. For now, there'll be structural change in the hygiene practices in all countries (be it whether they have achieve herd immunity or not) unless they lockdown its own economy and close the door to the world. In short, glove manufacturer will enjoy average 15.9% CAGR organic growth + higher ASP in view of the persisting global shortage that may take at least 2 - 3 years to close the gap.

Posted by Business101 > 2021-02-01 18:12 | Report Abuse

https://klse.i3investor.com/servlets/pfs/166532pub.jsp

Can trust this article?

Posted by mf > 2021-02-01 19:56 | Report Abuse

Malaysia expected to get Pfizer Covid-19 vaccine on Feb 26, says Noor Hisham

http://www.theedgemarkets.com/article/malaysia-expects-receive-covid19-vaccines-pfizer-feb-26-%E2%80%94-health-dg