Posted by myinvestor > 2021-06-09 11:42 | Report Abuse

Hartalega is recognised as a leader among 93 companies in the health care equipment & supplies industry that received AA rating from MSCI ESG Rating

https://hartalega.com.my/wp-content/uploads/2020/09/Hartalega-ILO-Factsheet-26-April-2021.pdf

Posted by GloveASP > 2021-06-09 12:04 | Report Abuse

GLOVE STOCK IS GOOD FOR LONG TERM INVESTMENT THAT IS CORRECT, BUT JUST GET THE INFORMATION FROM CHINA PEOPLE MENTIONED AT LEAST 300 EKAR CONSTRUCTION BASE IN BULIDING, AT THE END ASP MAYBE DROP BACK TO 1 BOX USD21

Posted by jamestecs > 2021-06-09 13:14 | Report Abuse

Pre pandemic price swing around 6-7, Harta already back to its original value. Considering ASP still high, current price is so reasonable.

Posted by GloveASP > 2021-06-09 16:08 | Report Abuse

Malaysia Government insider news, they will decide to close all the business soo due to covid

Posted by Will76 > 2021-06-09 22:52 | Report Abuse

KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.

Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).

"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.

Lim expects lower nitrile latex prices as costs of the raw materials, namely butadiene and acrylonitrile, are expected to decline by 10% and 6% respectively between May and August.

"A lower natural rubber latex concentrate price is expected in the coming months as the wintering season ended in May 2021, and yields are expected to improve," he added.

The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.

Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.

The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.

On a year-on-year (y-o-y) basis, the group’s quarterly net profit jumped almost five times to RM2.04 billion from RM347.9 million a year earlier on a higher revenue.

Revenue climbed to RM4.16 billion for 3QFY21 from RM1.69 billion previously.

Despite the weaker earnings performance, Top Glove declared a dividend of 18 sen a share, including a special dividend of 5.3 sen.

Top Glove gained six sen to close at RM4.84 today, with a market capitalisation of RM39.72 billion. It saw 34.54 million shares traded.

Posted by calvintaneng > 2021-06-10 08:55 | Report Abuse

Hello everyone

Anybody here sold harta last month at Rm9.98 & swapped to IjmPlant at Rm1.85??

IJMPLANT (2216) Rm1.86 Versus HARTALEGA GLOVE (5186) Rm9.98 COMPARE & CONTRAST THEIR PROSPECTS, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-05-05-story-h1564289753-IJMPLANT_2216_Rm1_86_Versus_HARTALEGA_GLOVE_5186_Rm99_80_COMPARE_CONTRA.jsp

Posted by RainT > 2021-06-10 09:50 | Report Abuse

Support formed, shall sideways or rebound frm here

Posted by GloveASP > 2021-06-10 15:05 | Report Abuse

UMNO insider explore if COVID case still in high position, they will execute the full lockdown immediately include non of the business ca be operated. Stanley transfer more than 2billions MYR to US ready for mew plant funding

Posted by GloveBurnHand > 2021-06-11 09:40 | Report Abuse

6.5 is coming soon

Posted by NatsukoMishima > 2021-06-11 15:14 | Report Abuse

Between rm5 - 6 possible ???

Posted by Mini2021 > 2021-06-11 17:20 | Report Abuse

Rm 4-5

Posted by NatsukoMishima > 2021-06-11 20:40 | Report Abuse

I still think tg better than harta if both drop to rm 4 !

Posted by Mini2021 > 2021-06-12 00:46 | Report Abuse

TG rm1-2

Posted by Covidcovid > 2021-06-12 12:00 | Report Abuse

Hahaha

Posted by information > 2021-06-12 16:22 | Report Abuse

Good time to short squeeze Top Glove (Malaysia)?

https://klse.i3investor.com/blogs/informationtech/2021-06-12-story-h1566192248-Good_time_to_short_squeeze_Top_Glove_Malaysia.jsp

Posted by RISK8888 > 2021-06-12 20:48 | Report Abuse

Monday all glove stock will rise. Take opportunity to earn quick money. Dont miss the opportunity guys!!!

Posted by CoolBull > 2021-06-13 01:38 | Report Abuse

Glovemakers unlikely to be severely impacted by softening prices

https://www.thestar.com.my/business/business-news/2021/06/12/glove-makers-unlikely-to-be-severely-impacted-by-softening-prices

Posted by Impression > 2021-06-14 00:45 | Report Abuse

Top Glove US shot up 71%. All glove counters will fly today

Posted by wallstreetrookie > 2021-06-14 06:59 | Report Abuse

risk on

Posted by milosh > 2021-06-14 12:32 | Report Abuse

gloves still alive ...: https://miloshtrading.blogspot.com/2021/06/gloves-still-alive-and-well.html

Posted by jolynce > 2021-06-15 13:32 | Report Abuse

Company keeps buying back shares, Mr Kuan keeps buying, Epf keeps buying, so I will keep buying too! :P

Posted by jolynce > 2021-06-15 16:43 | Report Abuse

Harta standing tall and strong!

Posted by Mabel > 2021-06-15 23:45 | Report Abuse

Yes indeed...

Meow

Posted by The_JQuestion > 2021-06-15 23:48 | Report Abuse

harta is the best in terms of management and supporting everyone that is why their price is the highest sad to see it drop but i hope it can finally stabilise being bullied in this Bursa nobodyland

Posted by Lyo82 > 2021-06-16 13:35 | Report Abuse

I like Harta how they walk the talk, not talk the walk. It suits me fine that they don't attract much attention from all the nonsense.. just quietly do it and produce the result at the end, good enough.

Posted by jeckcw > 2021-06-16 22:00 | Report Abuse

Fastest production line lead to higher margin
Good business moat

Posted by xiaoGinna6969 > 2021-06-17 10:04 | Report Abuse

Not bad, harta is worth 10x of airasia, but about the same as maybank

Posted by observatory > 2021-06-17 17:25 | Report Abuse

It’s interesting to see the Big Four practicing different Share Buy Back (SBB) strategies.

Top Glove made headlines in Sep last year with its aggressive SBB. It had since bought about 200 million shares from a price as high as RM8 to the last batch at RM5.78 in Feb 2021. But it stopped its SBB after that even though price has become much lower (RM4.6 now).

Kossan had limited SBB from Dec to Mar. Only 6 million shares were purchased in total.

Supermax bought over 100m shares mostly last year. It distributed some Treasury shares at year end. Last SBB was Jan at price above RM6. But like Top Glove, it stopped SBB even though price has now dropped to RM3.6.

Harta only began its SBB in April this year. It has bought about 7m shares ranging from RM8.X to RM10.X

It seems that the SBBs at Harta and Kossan are more rational, and they are more aligned with long term shareholders’ interest. Either a company management doesn't do SBB; or when they buy, they should buy at lower prices. SBB at high price but stops when price goes south, while the company is still cash rich, looks either opportunistic or short-sighted.

Posted by jolynce > 2021-06-17 18:51 | Report Abuse

they definitely gave me confidence to buy in at this level.

Posted by NatsukoMishima > 2021-06-17 20:14 | Report Abuse

Rm 5 - rm 6 is harta actual price after pandemic !

Posted by jeckcw > 2021-06-17 23:33 | Report Abuse

Delta+ is coming

Posted by Mabel > 2021-06-17 23:36 | Report Abuse

Some wise words..

Many investors have the vision to spot a diamond when they see one.

Few investors have the courage to buy a diamond selling cheap. Very few investors have the VISION (to spot the diamond), the COURAGE (to buy low ) and the PATIENCE to wait for the diamond to reflect its true brilliance for a very profitable investment.

PATIENCE is the greatest jewel of every successful investor...

Meow

Posted by Ahmadahmad88 > 2021-06-17 23:40 | Report Abuse

if tomorrow red , add some yum yum.

Posted by limch6229 > 2021-06-18 11:31 | Report Abuse

Markets sentiment getting low for gloves... however noticed those bosses still full of confidence... SBB almost on daily basis... hopefully more news coming out related to ESG and CBP soon.

Posted by partimeshark > 2021-06-18 13:16 | Report Abuse

Boss keep SBB.. good good good..
topglove boss long time no SBB

Posted by GloveASP > 2021-06-18 15:47 | Report Abuse

I dare to confirm, malaysian will die in covid total 100000 above, full lockdown without any business can have more than 3 months

Posted by jeckcw > 2021-06-18 16:16 | Report Abuse

Anticipating share split and one off special dividend in near future ,2.6 billion cash is available

Posted by shareinvestment7 > 2021-06-18 19:27 | Report Abuse

i think is bonus issue, not share split

Posted by somo1 > 2021-06-18 22:21 | Report Abuse

Either makes no difference. Purely cosmetic, no real impact

Posted by Ahmadahmad88 > 2021-06-18 22:55 | Report Abuse

Beware reinforcement from Delta team, Hope Crusher.

Posted by supersaiyan3 > 2021-06-19 13:47 | Report Abuse

Mabel, wow, getting wiser.

Posted by newbie2828 > 2021-06-19 19:16 | Report Abuse

will see a big jump in coming qtr result.

Posted by Zrenxy > 2021-06-20 15:33 | Report Abuse

Mahsing and Harta is similar pattern...buy and hold long term

Posted by ket4212 > 2021-06-21 08:04 | Report Abuse

halo morning everyone

Posted by Bgt 9963 > 2021-06-21 08:38 |

Post removed.Why?

Posted by shybutter > 2021-06-21 08:42 | Report Abuse

Morning! Monday blues is coming

Posted by Will76 > 2021-06-21 12:31 | Report Abuse

KUALA LUMPUR (June 21): PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU).

Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.

According to her, the improving Covid-19 situations in the US and EU resulted in much lesser urgency for distributors to immediately replenish inventories back to usual levels of two to three months.

“The buyers are adopting a more careful stance currently to avoid locking in purchases at high prices.

“We expect ASPs of gloves to start trending lower in the second half, supported by the improved Covid-19 situation as well as lower raw material prices as tight supply of nitrile butadiene latex continues to ease and [with a] better yield for latex concentrate after the end of the wintering season in May,” she said.

She also noted that glove makers’ commitment to stepping up on their social compliance practices will also translate into higher costs going forward, and she reckoned that it would take time for glove makers to fully pass on the cost increase to buyers, so it should result in margin compression in the near term.

Chua downgraded her rating of Kossan Rubber Industries Bhd to "neutral", with a lower target price (TP) of RM3.65.

“We cut our FY21 to FY23 earnings forecasts for Kossan by 37% to 51% to account for the expected decline in ASPs,” she said.

She also maintained her "neutral" call on Top Glove Corp Bhd but lowered her TP to RM4.40.

Posted by NatsukoMishima > 2021-06-21 14:43 | Report Abuse

Rm 5 - 6 prepandemic level !

Posted by NatsukoMishima > 2021-06-21 15:14 | Report Abuse

Cases higher price stagnant , cases lower price waterfalling ! How to play like this ?..

Posted by highlander33 > 2021-06-21 16:01 | Report Abuse

@Will76, strange that you posted the neutral and downgrade calls by PublicInvest Research for Top glove and Kossan respectively but omitted the 'Outperform' call for Hartalega.

PublicInvest Research :
*** We downgrade our rating for Kossan to Neutral, while maintaining our Neutral call on Top Glove.

*** Our preferred exposure for the sector is Hartalega, due to its superior margins pre-Covid and we continue to rate it as Outperform.