Posted by Iewis888 > 2021-09-24 13:48 | Report Abuse

With this price, the market seems like quite confirm to tell us that China gonna flood and dump the gloves at lower cost price worldwide. Is it possible in the future?

Posted by NatsukoMishima > 2021-09-24 13:48 | Report Abuse

China government suddenly ordered all industries which are high consumed energy to stop production immediately , this includes rubber , garment , metal ....

Posted by bang_miskin > 2021-09-24 13:54 | Report Abuse

With this price, the market seems like quite confirm to tell us that China gonna flood and dump the gloves at lower cost price worldwide. Is it possible in the future?
_______________________________________________________________
Unless they have a cost advantage or recent technological breakthrough that we are not aware of, I don't think it is very likely. The expansion comes due to the sudden boost in ASP in 2020-2021. If they do have a comparative advantage over M'sian producer, why not sapu us years ago? Could've done that 10 years ago.

In two three years, the sudden expansion will cause a glut, potentially driving ASP below pre-pandemic level. But it will hurt us and them too. Don't forget that Chinese are still businessmen too. No good profit, makes little sense to continue further expansion.

Posted by CYCHANG155 > 2021-09-24 14:16 | Report Abuse

vitac But u forget the share already split 1 to 5 means u should x 5 @ current price, sky high ...
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where do u get the info of share split? their last bonus issue was 23/3/2018 , that was before the pandemic

Posted by NatsukoMishima > 2021-09-24 14:47 | Report Abuse

进口劣质“快筛包”显示准确率99%　害日本上班族全家染疫

日本厚生劳动省（卫生部）正针对“医疗用”的新冠抗原快筛试剂盒推动市面销售。但目前，在日本药局或网路上已经早一步开卖未被政府承认的“研究用”快筛包，因为检查流程非常简单，而被民众广泛使用。

不过，日本最近却出现一些家用快筛检测呈阴性，后来又遭确诊的案例，虽然并非所有快筛包都是劣质品，但部分快筛确实有“夸大表示”的情况，包装外面显示“准确率达99%”，因此厚生劳动省也呼吁不要太相信市面贩售快筛的检测结果。


Do u still dare to buy cheap cheap PPE for protection ??

Posted by ngjack1991 > 2021-09-24 15:06 | Report Abuse

As of now other glove counter are green. Only kossan and harta red where kossan around -0.5 while harta -2%++. The market behave like harta want to close shop already.

Posted by Foreign_Invest > 2021-09-24 15:37 | Report Abuse

5.53 new low after dividend

Posted by NatsukoMishima > 2021-09-24 16:18 | Report Abuse

https://www.orientaldaily.com.my/news/international/2021/09/24/439811?source=editors-pick%E6%96%B0%E9%97%BB%E7%B2%BE%E9%80%89

Posted by JN88 > 2021-09-24 16:25 | Report Abuse

Epf each day consistently press RM 150-200....they will press until rm 4

Posted by NatsukoMishima > 2021-09-24 16:26 | Report Abuse

中国限电限产影响扩大　上市公司受波及
（上海24日讯）中国多地积极推动“能耗双控”（同时控制能源消耗总量和强度）政策，各类高耗能、高污染的行业被迫限电限产，而波及范围明显扩大，更多上市公司发布公告披露相关影响，除了钢铁、水泥、化工等高耗能产业，光伏等行业也开始受波及。

《上海证券报》周五报导，今年8月，国家发展和改革委员会在例行新闻发布会上直接点名9个省份：青海、宁夏、广西、广东、福建、新疆、云南、陕西、江苏，上半年能耗强度同比不降反升。此外，还有10个省份的能耗强度降低率未达到进度要求，全国节能形势十分严峻。

面对能耗双控目标考核，多地下发能耗双控的政策文件，对高污染、高能耗企业实行限电，云南、江苏、新疆、广西等地还对能耗双控举措进行了加码。

随著“能耗双控”政策执行纷纷落地落实，限电限产措施在多个省份密集推出，“双高”企业轮番接到限产通知。企业与相关产业链都受到波及。目前，10多家上市公司发布公告，披露当地政策带来的影响。

根据该报记者采访了解到，目前，限电限产的范围不仅涵盖前期的钢铁、水泥、化工等高耗能产业，也开始涉及其他行业。

Posted by risekita8 > 2021-09-24 16:46 | Report Abuse

They only going down recently.

Looks like the down is bottomless


khatulistiwa1234
36096 posts
Posted by khatulistiwa1234 > Sep 24, 2021 10:23 AM | Report Abuse

HARTA will GO BACK PREVIOUS BRILLIANT for sure ....

Posted by oasischeah > 2021-09-24 16:52 | Report Abuse

tomorrow can get cheaper. Forget today.

Posted by niet > 2021-09-24 17:03 | Report Abuse

Nearly 1 million shares shorted today but only 20000 for TopGlov.

Posted by changyl > 2021-09-24 18:46 | Report Abuse

Can China INTCO exports glove to USA?

Posted by Ryan83 > 2021-09-24 21:17 | Report Abuse

China glove companies including INTCO export their nitrile gloves to US

Posted by zhen wei & JP > 2021-09-24 21:25 | Report Abuse

Cranberry, Ansell mtmt, careplus, Harta ,mah sing, & supermax high export.

Whila china most of them without FDA/CE price slighly higher then malaysian.

Posted by bang_miskin > 2021-09-24 22:26 | Report Abuse

this kaunter belongs to "tak-mau-peduli" kategory. Wait till 1/2 to 1 year for price to bottom up. Then baru average down and sell.

Posted by newbie911 > 2021-09-24 22:38 | Report Abuse

With windfall tax coming....harta going below 5.

Posted by lucky8 > 2021-09-24 22:43 | Report Abuse

i could not believe it's price lower than before pandemic, while the profits so good

Posted by Mini2021 > 2021-09-25 12:11 | Report Abuse

Next week RM 4.5

Posted by niet > 2021-09-25 12:38 | Report Abuse

Short Sellers worry because Topglov and supermax not moving in tandem with other Glove stocks.

Posted by linheng > 2021-09-26 08:23 | Report Abuse

Already very close to pre pandemic price. Why? The retained part of Super Normal profit hilang?
Jan 06, 2020 5.39 5.39 5.32 5.35 5.00 794,400
Jan 03, 2020 5.33 5.45 5.33 5.40 5.05 1,689,800
Jan 02, 2020 5.40 5.43 5.32 5.35 5.00 2,379,700
Dec 31, 2019 5.55 5.55 5.36 5.48 5.12 9,941,800
Dec 30, 2019 5.50 5.57 5.50 5.56 5.20 2,564,100

Posted by mf > 2021-09-26 15:09 | Report Abuse

https://www.reuters.com/article/china-stocks-hongkong-close/hong-kong-shares-fall-as-evergrande-missing-interest-payment-sparks-jitters-idUSAZN182I00

Posted by Mr.Sm Invest123 > 2021-09-26 15:43 | Report Abuse

PMBTECH had double its production from 36,000 mtpa to 72,000 mtpa up to now, up to its 2nd phase project expansion from 4 phase development of 64 hectares ..

ADVANTAGES OF PMBTECH SILICON

Logistic Cost Advantage : Strategically located between the East and the West, Malaysia is located at the straits of Malacca, home to Singapore Port & Port Klang, Malaysia, two of busiest port in the world where shipping rates are favourable.

Locally Sourced Raw Material : Malaysia has readily available raw material which ensures consistency in supply.

Abundant Green Power Supply : Blessed with high rainfall and an abundance of rivers, Sarawak provides affordable, renewable energy through hydropower developments .. 1st hydroelectric plant (HEP) at Batang Ai (108 MW) in 1985, with Bakun HEP in 2011 (2,400 MW), followed by Murum HEP in 2014 (944 MW). Baleh HEP is still under construction & expected to be commissioned by 2025. That will make total capacity 3,452 MW.
source : sarawakenergy.com

CHINA SUPPLY OUTLOOK
Silicon & Aluminium price on a tear

Both silicon & aluminium price soars to their 3-year high. While global solar energy demand drove the recovery from March lows, it was actually news about China changing their environmental policies that fuels the price trend.

China produces more than 50% / 60% of the world’s aluminium / silicon. As mentioned earlier, it takes a great environmental toll to produce these materials. Now that China pivots its environmental concern policies, coal-fired power plants will be discontinued hence potentially shrinking production rates and altering supply-demand balance outlook.


SILICON AS AN ESSENTIAL MATERIAL FOR SOLAR & EV ECONOMY

Solar – The basic component of a solar cell is pure silicon, which also has been used as an electrical component for decades.

Polysilicon (a purer form of silicon) is in acute shortage because of vigorous solar module demand. Over 90% of the current solar cell market is based on silicon currently.

Electronic Vehicles (EV) – Elon Musk announced that Tesla will use more Silicon to replace Cobalt in producing its batteries for its future generation models.

The strategy poise to make Tesla EV a lot more affordable and is seen to be adopted by other EV battery vendors.

AGGRESSIVE CAPACITY EXPANSION

PMBT is undergoing an aggressive expansion plan to meet the world’s silicon demand is impeccable.

Located in Samalaju Industrial Park in Bintulu, Sarawak, it had double production capacity from 36,000 mtpa (1st phase) to 72,000 mtpa (phase 2), current phase.

The co.’s corporate plan indicates that the plant size is of 64 hectares and is suitable for 4 phases of development.

TRADE WAR

Trade war distorts the global supply chain. PMBTECH stands to capture higher market share as a neutral Malaysian producer.

Meanwhile the company’s markets are mainly in Europe and America where there are trade barriers against the Chinese suppliers.

CATALYST

Solar and EV drives silicon demand

Production capacity expands by 2x in 2021

Tesla battery revolution drives more silicon for anode material

Trade war for higher market share
25/09/2021 10:23 PM

Posted by Mr.Sm Invest123 > 2021-09-26 16:02 | Report Abuse

24 Sep 2021 Chinese silicon metal market prices by region Chinese silicon ... China Silicon Metal Production Process Research Report 2021

http://www.asianmetal.com/SiliconPrice/Silicon.html

Posted by bang_miskin > 2021-09-26 23:03 | Report Abuse

what's the prediction for this counter this week? up, down or sideways?

Posted by bpsiah > 2021-09-26 23:32 | Report Abuse

Manipulation by the RSS players so much so it is very difficult to reverse or at least take a very huge effort.


Posted by ngjack1991 > Sep 24, 2021 12:10 PM | Report Abuse

The price really a bit nonsense. Now the price is pre pandemic but in pre pandemic the result mostly is 100m++ only. Even if asp drop, let's say per quarter 600m, it's still 6 times better than pre pandemic time or even if it's 300m also 3 times pre pandemic results. Bursa really unique in a way where common sense doesn't apply

Posted by bang_miskin > 2021-09-27 00:15 | Report Abuse

The price trend doesn't make much sense to me. If price is really really low, why don't we see large local and foreign institutions buying in bulks? Why doesn't the Kuans mop up with share buyback like they did a few months ago? Is the coming quarter going to be a lot worse than the preceding quarter?

Lots of questions keeping bang_miskin up at night. Miskin takpe, takut tunggu share price up sudah mati kebuluran.

Posted by mf > 2021-09-27 07:13 | Report Abuse

Asia stocks are set to start the week under pressure with traders keeping an eye on China Evergrande Group’s debt crisis

Posted by NatsukoMishima > 2021-09-27 08:33 | Report Abuse

（新加坡25日讯）新加坡今日新增1939确诊，单日新增病例再创新高！

卫生部网站的数据显示，截至今天中午12时，新加坡共新增1939起病例，其中1536起来自社区，398起属于客工宿舍，其馀5起则源自于输入病例。

Posted by Bgt 9963 > 2021-09-27 08:37 | Report Abuse

Gloves stock to fly...

Posted by Mabel > 2021-09-27 08:45 | Report Abuse

One of the most frequent questions I get from the team is what to do when a stock’s price falls 30% to 50% and whether they should buy more, continue to hold, or sell to cut their losses. Tough choice… which is why it’s important to have a systematic and logical investment process to evaluate your investments if/when such an event happens.

So if you’re faced with this dilemma and you’re not sure what to next, here’s the three-step process I always use when one of my stock has fallen by 30% to 50%, or by any significant amount for that matter.

1. Find out what caused the drop
First, you need to find out the reason(s) that caused the company’s share price to fall by 30% to 50%, and evaluate whether the situation is a temporary or permanent one.

If the negative situation is temporary, then the company is more likely to be able to recover and it could present an opportunity to increase your position (or at least hold on to it). But if the situation is permanent and it looks highly unlikely that the company will ever be able to pull through, then the best option is to cut your losses immediately.

2. Are the company’s financials still intact?
Anytime a company’s share price falls by 30% to 50%, the next thing I check is whether the company financials are still intact. When I talk about this, I usually mean the company’s cash position and debt level. My preference is that a company should be in net cash position. The reason why I like to look at the cash and debt positions is because if a company has a net cash position, it has the resources to handle a negative situation better and is likely to recover faster. But if a company is in a net debt position, the debt may affect its recovery process. (Needless to say, a high debt level is also inherently riskier.)

There is one exception for a company with net debt – if its earnings are highly recurring. Therefore, if a company is facing a temporary setback, is in a net cash position and/or has recurring earnings, I would consider adding or holding my position. But if the company has no recurring earnings and is a net debt position, I would probably sell my stake in the company.

3. Is there an opportunity cost?
Every investment you make has an opportunity cost because you choose to invest in this option instead of another.

When you evaluate a company’s negative situation, ask yourself how long the company will take to recover from it. Will the stock bounce back in a year or five years? If it takes more than five years to recover, it might be better to cut your losses and invest in another company that has better immediate prospects over the next five years.

For me TG and Harta is about giving back after gaining so much. She isn’t heavy to hold. It’s the two biggest Glove company in the World and . Very proud to be the share holder of these companies.

CNBC: Pfizer CEO Albert Bourla predicts normal life will return within a year and adds we may need annual Covid shots.

https://www.cnbc.com/2021/09/26/pfizer-ceo-albert-bourla-said-we-may-need-annual-covid-shots.html

Dr Mabel Meow

Posted by learningdaily > 2021-09-27 09:14 | Report Abuse

Thanks for your sharing, Mabel.

Posted by Ryan83 > 2021-09-27 09:21 | Report Abuse

EPF is disposing Hartalega shares almost daily together with selling down by IBS via short selling

Posted by bang_miskin > 2021-09-27 13:07 | Report Abuse

Selling pressure continues today, but there are lots of eager buyers too. Morning did better than other top4 counters, hope we're closed to the bottom and rebound from here.

Posted by Bgt 9963 > 2021-09-27 14:22 | Report Abuse

Goner break 5.00...

Posted by Mini2021 > 2021-09-27 15:30 | Report Abuse

EPF selling now......EPF everday start helping short seller sell at 3.30pm

Posted by umbra > 2021-09-27 15:37 | Report Abuse

really so such a sad scene, no eye see

Posted by bang_miskin > 2021-09-27 15:42 | Report Abuse

Can reached 5.00 by Oct 1st? Ready to sell recovery to stock up on Harta (peti sejuk mode)

Posted by bang_miskin > 2021-09-27 15:51 | Report Abuse

Really tak faham Bursa punya selling strat.
Cash rich company nak jual diskaun besar. Company future teruk gila? Nak bankrap ke?
Tech stock setengah tahun sudah naik 10 kali ganda. Tak takut bubble ke? Takde org nak take profit & shortsell?

Bang_miskin pening le tengok kaunter Harta. Need reality check.

Posted by risekita8 > 2021-09-27 17:56 | Report Abuse

Neutral trades for TG today?

Still better to compare with other gloves. They are going red today

Posted by solomolo > 2021-09-27 22:02 | Report Abuse

https://www.msn.com/en-my/money/topstories/epf-takes-profit-on-gains-seeks-better-timing-to-re-enter-market/ar-AAORglF?ocid=msedgdhp&pc=U531

EPF takes profit on gains, seeks better timing to re-enter market

Posted by risekita8 > 2021-09-27 22:46 | Report Abuse

Nobody can really understand actually

Posted by bang_miskin > Sep 27, 2021 3:51 PM | Report Abuse

Really tak faham Bursa punya selling strat.
Cash rich company nak jual diskaun besar. Company future teruk gila? Nak bankrap ke?
Tech stock setengah tahun sudah naik 10 kali ganda. Tak takut bubble ke? Takde org nak take profit & shortsell?

Bang_miskin pening le tengok kaunter Harta. Need reality check.

Posted by bang_miskin > 2021-09-27 22:53 | Report Abuse

EPF buy and sell very normal la

Glove sentiment still very very poor, people take profit/cut loss whenever possible. So price cannot go up, at least for another 2,3 quarter until ASP stabilised. Really up to Harta and other glove counter to produce QR above market expectation. If QR is below expectation, be prepared for another round of selloff.

Posted by solomolo > 2021-09-27 23:14 | Report Abuse

https://www.msn.com/en-my/money/topstories/epf-takes-profit-on-gains-seeks-better-timing-to-re-enter-market/ar-AAORglF?ocid=msedgdhp&pc=U531

The pension fund’s response to glove stocks has also been mixed. It disposed of a 0.05% stake in Top Glove Corp Bhd on declining average selling prices, yet increased its shareholding in Hartalega Holdings Bhd by 0.148ppt to 8.303%.

Posted by bang_miskin > 2021-09-27 23:30 | Report Abuse

Just my own bias speaking. While I think top 4 gloves are all good buy at their current prices, I think Harta has the best chance of weathering the storm (declining ASP, increased competition etc). Moreover Harta is already at pre-pandemic price while Kossan (already very close to pre-pandemic price) Topglove and Supermax have not reached their pre-pandemic price level.

Posted by mhanaS > 2021-09-28 00:13 | Report Abuse

The problem with the so called 'analysts''' valuations is that they seem to come from the very banks that have vested interests. We know better than to trust their reports. Now they are even insisting in using future profit projections to base their PE calculations arguing that the historical numbers are supernormal.
Whatever to justify their numbers, they'll do it.
I agree that these RSSs seem to be getting out of hand, and the institutional selling is not helping. What can one do apart from watching by the sidelines while wishing this circus ends?

Posted by bang_miskin > 2021-09-28 09:38 | Report Abuse

Oh lala someone is on a buying spree. Siapa sapu?

Posted by khatulistiwa1234 > 2021-09-28 10:10 | Report Abuse

ROSSA FUND .

Posted by Foreign_Invest > 2021-09-28 10:26 | Report Abuse

harta want go to where today? rocket?