Posted by Anxious > 2021-11-02 09:32 | Report Abuse

Now all eyes on Harta's Quarterly Results and Dividend payout.

Posted by Bgt 9963 > 2021-11-02 09:34 | Report Abuse

Over sold yesterday ..

Posted by bang_miskin > 2021-11-02 11:49 | Report Abuse

All glove counters trending down today. I believe the surprise prosperity tax is partly responsible for the downward trend.

For Harta's dividend, we expect to be around 39sen based on 60% of previous EPS.

As for Harta's QR, market expect Harta to follow Kossan's, which is around 50% drop from the previous quarter. So at ~2billion profit in the previous quarter, market expect Harta's profit to be around 1billion this coming quarter. If profit is significantly higher than 1billion, expect price to soar. If profit is much lower than 1 billion, then price will drop like a stone.

Posted by menotassassin > 2021-11-02 12:45 | Report Abuse

Market won't expect 1B, as previous quarter profit had some carried forward profit from backorders.
Market will expect around 500m.

Posted by gemfinder > 2021-11-02 13:14 |

Post removed.Why?

Posted by myinvestor > 2021-11-02 13:16 | Report Abuse

Harta PAT 914m . Record dividend 35.2ct

Posted by vcpmaster123 > 2021-11-02 13:20 | Report Abuse

Surprisingly the result is very good.

Posted by menotassassin > 2021-11-02 13:27 | Report Abuse

The profit is above expectation!
Given that factory cant operate at full capacity, this result is really above expectation.
Plus 35.2sen dividen, good buy!

Posted by calvintaneng > 2021-11-02 13:28 |

Post removed.Why?

Posted by menotassassin > 2021-11-02 13:28 | Report Abuse

We are really expecting profit of 500m due to dropping ASP and lower production capacity due to lockdown. But this is really good!

Posted by gemfinder > 2021-11-02 13:34 |

Post removed.Why?

Posted by bang_miskin > 2021-11-02 13:36 | Report Abuse

Agree with @menotassassin. previous quarter higher than expected due to carried forward, but at the same time if QR is at 500m, it is not going to be good (to me below market expectation)

If @myinvestor info that PAT is 914m, it isn't too bad (close to 1billion but not too far away). within (and perhaps slightly above) market expectation.

Posted by bang_miskin > 2021-11-02 13:37 | Report Abuse

@gemfinder, don't worry if you think it is very bad, you are welcome to sell. We waiting for opportunity to accumulate low.

Posted by bang_miskin > 2021-11-02 13:41 | Report Abuse

Okay website updated. Confirmed Harta QR result is out. To me it is within or slightly above market expectation. Let's see how the market reacts this afternoon.

Posted by jolynce > 2021-11-02 13:43 | Report Abuse

@bang_miskin wow.. so close to your 1B forecast. Well done! And at current price, dividend is 6.25%. That's fantastic!

Posted by bang_miskin > 2021-11-02 13:45 | Report Abuse

@jolynce must give credit to you too. You mentioned that Harta's QR follows Kossan's, so just based on my kaki lima analysis, I arrived at around 1B forecast. haha!

Posted by Intrinsic99 > 2021-11-02 13:48 | Report Abuse

Why this iddiot go every way to promote palm oil stocks?

If you so confidence what you bought, why need to go every way non-stop talking unless you start realise not the better choice so need all waterfish members here to support you

I don't why 3iii administer didn't take any action to suspend this iddiot account to avoid keep on spamming every way


I pegging administer need to take proper action against this spammer







Posted by calvintaneng > Nov 2, 2021 1:28 PM | Report Abuse

GO BUY PALM OIL AS RESULTS WILL GET BETTER AND BETTER

SO WHIE GLOVES SINK LOWER AND LOWER PALM OIL WILL RISE HIGHER AND HIGHER

JUST WATCH

Posted by tallman > 2021-11-02 13:56 | Report Abuse

Wah dividend 35.2c

result is within expectation, if according to kossan & tg results, q-q drop 50%-70%

whereas payout dividend is the big surprise

Posted by jolynce > 2021-11-02 13:57 | Report Abuse

Haha I also do kali lima analysis. Profit margin is 45.4% meaning ASP is still high!

Posted by bang_miskin > Nov 2, 2021 1:45 PM | Report Abuse

@jolynce must give credit to you too. You mentioned that Harta's QR follows Kossan's, so just based on my kaki lima analysis, I arrived at around 1B forecast. haha!

Posted by jolynce > 2021-11-02 13:58 | Report Abuse

Agree!! Some people so thick skin.

Posted by Intrinsic99 > Nov 2, 2021 1:48 PM | Report Abuse

Why this iddiot go every way to promote palm oil stocks?

If you so confidence what you bought, why need to go every way non-stop talking unless you start realise not the better choice so need all waterfish members here to support you

I don't why 3iii administer didn't take any action to suspend this iddiot account to avoid keep on spamming every way


I pegging administer need to take proper action against this spammer

Posted by LossAversion > 2021-11-02 14:02 | Report Abuse

Hartalega is like a box of chocolate.
"Royalty of 35.2 sen" for loyalty!!!

Posted by Snowpiercer > 2021-11-02 14:02 | Report Abuse

A billion profit is still exceptional but the decine from previous quarter is just too big. Big question is what is the bottom.

Posted by jolynce > 2021-11-02 14:06 | Report Abuse

I think the EMCO impacted the whole sector greatly. Factories closed, and when they're opened, limited capacity, extra cost involved in Covid testing etc. The result would've been vastly better without all these restrictions.

Posted by Snowpiercer > Nov 2, 2021 2:02 PM | Report Abuse

A billion profit is still exceptional but the decine from previous quarter is just too big. Big question is what is the bottom.

Posted by bang_miskin > 2021-11-02 14:10 | Report Abuse

Yes the decline from previous quarter may be large, but once you take these into account:
(1) Harta was temporary shutdown (2-3 weeks?) due to EMCO,
(2) Production was at below capacity (was it 70-80%?) to comply with SOP procedures,
(3) Falling ASP (no suprise there!)
(4) Harta previous QR was larger due to carriy forward profit from backorders

Then results are in line with market expectation. Some may even consider it good.

Posted by LossAversion > 2021-11-02 14:12 | Report Abuse

Hartalega = Lega + (simpan) Harta

Posted by pjseow > 2021-11-02 14:33 | Report Abuse

Harta Q1 ASP was peak at US 91. With a drop of 27 % , it is 91 x 0.73 or 66.43 . With 65 % Utilization and 45.7 % nett margin ,

PAT = 66.43 X 44 X 0.65 X 0.457/4

= 912 millions

where 44 b is.yearly capacity
65 % utilization.

Posted by Ryan83 > 2021-11-02 14:35 | Report Abuse

Profit after tax RM914 millions but very high dividend 35 sen good for shareholders especially Kuan family with 50% shareholding

Posted by NatsukoMishima > 2021-11-02 14:49 | Report Abuse

Even 50c dividen also dont buy because not enough cover capital loss next year !!

Posted by Calvin882 > 2021-11-02 14:58 | Report Abuse

Profit much higher than pre-pandemic level but the price is lower than pre-pandemic. Just buy it up.

Posted by Junichiro > 2021-11-02 15:05 | Report Abuse

it depends on how news channels report the results

If u compare the results of the last qtr with this qtr, profit dropped by 60%. The last qtr reported on 3 Aug , eps was 66.08 cts. This qtr, eps is 26.74 cts.

the news channels which reported an increase in profits are comparing this qtr with 2nd qtr 2020.

My source is www.malaysianstock.biz

Posted by Calvin882 > 2021-11-02 15:15 | Report Abuse

Just look at how much Harta was traded even before Covid-19. How much more it can drop.

Posted by Snowpiercer > 2021-11-02 15:23 | Report Abuse

I think ASP will continue to slide substantially. China will ramp up volume very quickly. At best the current price seems fair.

Posted by Calvin882 > 2021-11-02 15:32 | Report Abuse

Shouldn't look purely at ASP. Don't forget the production volume will increase rapidly from the expansion plan too. Increase in production volume will contribute to the profit and counter the slide in ASP. Don't think the company will have such ambitious expansion plan if they foresee the glove is no longer profitable. They know more than anyone else.

Posted by IronShirt > 2021-11-02 15:42 | Report Abuse

It is now a standard practise for Glove counters, if Qr. results are Bad, Bankers pump it up
immediately and dump rapidly....conning ikan Bilis to jump in thinking everything is Okay

Posted by jolynce > 2021-11-02 15:42 | Report Abuse

Good point.

Posted by Calvin882 > Nov 2, 2021 3:32 PM | Report Abuse

Shouldn't look purely at ASP. Don't forget the production volume will increase rapidly from the expansion plan too. Increase in production volume will contribute to the profit and counter the slide in ASP. Don't think the company will have such ambitious expansion plan if they foresee the glove is no longer profitable. They know more than anyone else.

Posted by IronShirt > 2021-11-02 15:54 | Report Abuse

Look at the Buyers Vol and Seller Vol...they are same....Meaning Right Hand buys, Left Hand
Sell...., you got Huge Vol.

Posted by Cerubic > 2021-11-02 16:06 | Report Abuse

Long term investor only looking at dividend...not bad this quarter, rainbow or no rainbow figures in the coming days coz not the sorts of buying/selling short term. Just how grounded in values Hartalega will be in long term.

Posted by gohkimhock > 2021-11-02 16:35 | Report Abuse

Harta was smart to give a high dividend. Otherwise it will not able to escape a selldown today..

Posted by stingray_ea > 2021-11-02 16:40 | Report Abuse

harta Q ROE (12.82%) and Kossan Q (13.51%) about the same..
expected harta price will sharp drop once value investor full load.

dividend 0.34 is used to reduce selling speed ... Target below rm 5

Posted by stingray_ea > 2021-11-02 16:46 | Report Abuse

harta ??


========================================
Stock: [SUPERMX]: SUPERMAX CORP BHD
Oct 22, 2021 10:22 AM | Report Abuse

best time for selling while good news is from kossan

========================================

Posted by stingray_ea > 2021-11-02 17:04 | Report Abuse

if supply increase || demand drop double. -->> demand drop triple ...worst scenario ...

and next Q net profit drop 300M-450M. Over price now.

Posted by jolynce > 2021-11-02 17:15 | Report Abuse

queued to buy at 5.64 before afternoon opening but it gapped up, so didn't manage to buy. @stingray_ea pls work harder to bring down the price so we can buy more. Thanks :)

Posted by stingray_ea > 2021-11-02 17:25 | Report Abuse

@jolynce,

stingray_ea tell you how market work in operator world...

if you miss the chance to sell supermx on 22 Oct for price RM 2.27 ... A good news release on Kossan 12 cent dividend at surface view of majority ikan bilis.


Your can only sell at 1.82 today closing price. 50 cent different ...
That will happen to Harta too.
Unless Harta is very special case ... Q ROE double or tripple up

Posted by stingray_ea > 2021-11-02 17:37 | Report Abuse

refer BAT price hit rm 73.75 on 2014 supported by high dividend.

today BAT only trade at rm 15.12. long term investor still gain in term of dividend but capital loss in waiting time.( rm 73.15 minus rm 15.15)

Posted by stingray_ea > 2021-11-02 17:39 | Report Abuse

In trading.... Drop 1 cent is still drop ... lost 1 cent is still lost .. bad news ... good news.. not in radar ...

Posted by jolynce > 2021-11-02 17:54 | Report Abuse

@stingray_ea Pls check your facts. On 22 Oct, Supermx was traded at 2.01-2.04, how did you sell it for RM2.27? It was due to the CBP ban, nothing to do with Kossan's dividend.
https://www.nst.com.my/business/2021/10/738434/supermax-shares-drop-af...

Posted by stingray_ea > 2021-11-02 17:58 | Report Abuse

harta price is the highest among glove all klcii counter but Harta score is not the best in term of value investing for glove industry.

Posted by pamaladu > 2021-11-02 18:00 | Report Abuse

how to value price? base on price?

Posted by oskchoon > 2021-11-02 18:14 |

Post removed.Why?

Posted by skcm2017 > 2021-11-02 19:15 | Report Abuse

yeahh....windfall profit. handsome dividends,.. with low average price.. .. X50 new car