Posted by bang_miskin > 2021-12-10 13:33 | Report Abuse

Topglove net profit only 185.7million...
Although Harta's QR is more similar to Kossan's than topglove, this is not a good news for glove counters.

Posted by Calvin882 > 2021-12-10 13:43 | Report Abuse

Topglove result is under expectation. Prepare for some turbulence later.

Posted by Anxious > 2021-12-10 13:44 | Report Abuse

Fasten your seat belts, we are going to go through turbulence.

All glove counter will be whacked out of shape. I am predicting TG will breach its 52 week low of 2.16 either today or Monday.

Harta may retest its 52 week low of RM4.97 too!

In too deep now to bail out. Last chance for me was probably at RM6.00 plus.

Now only question is when do I double down. Do I do it slowly starting at RM4.80 or at RM4.00.

Posted by bang_miskin > 2021-12-10 13:51 | Report Abuse

This goes to show that big companies are not necessarily better, but still I am very surprised with their QR report.

Expect market to overreact for the next few days. If Harta drop drastically, (i.e.RM4.50 or below) it may be a good time to grab it for cheap. That's my plan, though I only had a few K to play...

Posted by Calvin882 > 2021-12-10 13:53 | Report Abuse

Seems like only the next Qtr result will provide chance to turn the table around provided the result is good. Not much upcoming catalyst for it to go up unfortunately.

Posted by Calvin882 > 2021-12-10 13:56 | Report Abuse

For sure it will drop but very hard to predict where is the bottom and how long the drop will prolong. Probably near to the next qtr result?

Posted by Calvin882 > 2021-12-10 13:58 | Report Abuse

Thought TG result can turn the situation around. Such a disappointed result. Have to back to the drawing board and study the result for next move.

Posted by Calvin882 > 2021-12-10 14:00 | Report Abuse

The only positive side is Harta performance is the best among its peers. But the overall sentiment is not supportive unfortunately.

Posted by CharlesT > 2021-12-10 14:01 | Report Abuse

Not really in terms of share prices...it drops to pre covid 19 much faster than others.....

Posted by bang_miskin > 2021-12-10 14:02 | Report Abuse

Don't know where's the bottom (could even go below JPM target price). Too bad I am no insider (and thus no idea how this company is being managed) but I suspect those with inside info will happily lapped it up when prices becomes too cheap.

Posted by CharlesT > 2021-12-10 14:02 | Report Abuse

Harta is the dumbest or most kind glove co...they adjusted their selling price 3m to 6m slower than others

Posted by bang_miskin > 2021-12-10 14:06 | Report Abuse

Harta shares is usually more expensive than its peers. Investors pays extra for better ESG and better management. Current sentiment doesn't help Harta, so it reaches pre-covid price much better than others. I am betting on Harta's (and Kossan's) management in getting over these rough times. Let see what the future holds.

Posted by bang_miskin > 2021-12-10 14:09 | Report Abuse

CharlesT Harta is the dumbest or most kind glove co...they adjusted their selling price 3m to 6m slower than others
__________________________________________________________________________
Long term contract with clients...can't just simply adjust price based on market conditions.

Posted by NatsukoMishima > 2021-12-10 14:11 | Report Abuse

Rm 3 - 4 coming soon !

Posted by Anxious > 2021-12-10 14:16 | Report Abuse

Aiyoh, I dread 3-4 but if happens what to do.....just buy some more. This cant go on forever...

Posted by InsiderShark > 2021-12-10 14:22 | Report Abuse

@bang_miskin

Not dumbest, it is smart. TopGlove and Supermax pisses off their clients when they cancel the contract and force them to buy at spot price. When things normalize, their clients will go to Harta after seeing how Harta treated their clients with fairness.

I dont own Harta shares but I think Harta stands to gain in the long run.

If you are a long term investor, harta is the right place.

Posted by Calvin882 > 2021-12-10 14:24 | Report Abuse

Harta should be more resilient that its peers in such condition. Lets see.

Posted by YourQuirkyWays29 > 2021-12-10 14:26 | Report Abuse

That resilience may or may not reflect in short term share price. Hang in there fellow investors.

Posted by bang_miskin > 2021-12-10 14:27 | Report Abuse

@InsiderShark totally agree with you there, was responding to @CharlesT comment. Can't simply just simply raise prices. Have to treat your clients well, they will become loyal clients.

Posted by bang_miskin > 2021-12-10 14:31 | Report Abuse

Market overreaction sometimes works in favour of long term investors. When they panic sell, its time to accumulate. When they chase high price, its time to sell (and buy back later at a cheaper price).

Posted by newbie2828 > 2021-12-10 14:31 | Report Abuse

in business world, no such thing call loyalty. all about price especially dealing with commodity product or low tech grocery item such as glove. topglove bosses know and play the game well.

Posted by CharlesT > 2021-12-10 14:38 | Report Abuse

Loyal customers??? Will see their coming Q results....Dont worry

Posted by CharlesT > 2021-12-10 14:40 | Report Abuse

Posted by newbie2828 > Dec 10, 2021 2:31 PM | Report Abuse

in business world, no such thing call loyalty. all about price especially dealing with commodity product or low tech grocery item such as glove. topglove bosses know and play the game well.

Supermax is the master among all glove co....n they made lots of money fm the party

Posted by NatsukoMishima > 2021-12-10 14:54 | Report Abuse

Next qr become net loss loh because lost many contracts to cheaper China gloves ! Before CNY 2022 can see rm3 - 4 ready ! Still want to loss more 70% capital then just hold tight until u bankrupt !

Posted by calvintaneng > 2021-12-10 15:09 |

Post removed.Why?

Posted by apple168 > 2021-12-10 15:14 | Report Abuse

戴维斯双杀效应！

Posted by NatsukoMishima > 2021-12-10 15:43 | Report Abuse

Cut loss is the first basic u must learn in stocks game otherwise 10million also not enough for your capital loss !

Posted by vcpmaster123 > 2021-12-10 15:53 | Report Abuse

Hi retailers, time to sell your holdings.

Posted by Calvin882 > 2021-12-10 16:01 | Report Abuse

Hopefully previous low at RM5 can hold.

Posted by vcpmaster123 > 2021-12-10 16:03 | Report Abuse

快点跑了散户.. 再不割肉什么都没有了

Posted by calvintaneng > 2021-12-10 16:06 |

Post removed.Why?

Posted by YourQuirkyWays29 > 2021-12-10 16:23 | Report Abuse

LOL at all these people pursuading people to sell. I did my research and I've invested with money I can afford to lose, I'm holding. :)

Posted by NatsukoMishima > 2021-12-10 16:23 | Report Abuse

Hire foreigner cost become higher n higher after pandemic , plus they are whitleblower to Andy hall , this time glove sector really finish become net loss next year !

Posted by vcpmaster123 > 2021-12-10 16:23 | Report Abuse

Cut loss lo my bros...cut loss to preserve capital

Posted by YourQuirkyWays29 > 2021-12-10 16:28 | Report Abuse

Let's see how things go a couple years from now. I can afford this mistake even if I'm wrong. :)

Posted by CharlesT > 2021-12-10 16:30 | Report Abuse

its a fundamental change in the whole supply n demand equilibrium with China's presence.

Their supply inceases fm 6%+ to 30% within 2 years time....

N their selling price could be lower than Msia's

Posted by vcpmaster123 > 2021-12-10 16:32 | Report Abuse

That's why is time to sell.. Too many uncertainties... You will regret if you don't sell now

Posted by Mini2021 > 2021-12-10 16:34 | Report Abuse

I ady said rm 5.... go go go

Posted by CharlesT > 2021-12-10 16:35 | Report Abuse

Posted by vcpmaster123 > Dec 10, 2021 4:32 PM | Report Abuse

That's why is time to sell.. Too many uncertainties... You will regret if you don't sell now

Where got so many uncertainties? Only one clear direction to go in years to come.......Hollanding

Posted by Calvin882 > 2021-12-10 16:35 | Report Abuse

Looks like it may even breach RM5 this time.

Posted by Mini2021 > 2021-12-10 16:35 | Report Abuse

topglove axpand too fast that's why profit margin so low...

Posted by Mini2021 > 2021-12-10 16:36 | Report Abuse

Harta still okay slow slow come , that is why result always give suprise..

Posted by CharlesT > 2021-12-10 16:36 | Report Abuse

China mari n may become Taiko in glove overtaking Msia in near future

Posted by CharlesT > 2021-12-10 16:37 | Report Abuse

Posted by Mini2021 > Dec 10, 2021 4:35 PM | Report Abuse

topglove axpand too fast that's why profit margin so low..

Dude u should blame China...not TG...lol

Posted by YourQuirkyWays29 > 2021-12-10 16:43 | Report Abuse

Guys, we never know what will happen in the future. While all the risks discussed are real, they are just risks and uncertainty. It depends on how much you believe in the company's ability to navigate through these risks. I have faith in my decision.

Posted by Anxious > 2021-12-10 16:46 | Report Abuse

Already breached Rm5.00 before, nothing new , only hoping Harta's results not as bad as Top Glove

Posted by tollebunsmith > 2021-12-10 16:49 | Report Abuse

calvintaneng is another snake... I will sell all at the lowest price and i will show it on the board IF this snake can show me he has made a few millions form Bursa ( under his own name).. else listen calvintaneng .. * i just bought MBB 1000k shares just now.. and i will top up another 1000k at closing* wink wink* ( i am lying just like snake calvintaneng

Posted by Mini2021 > 2021-12-10 17:20 | Report Abuse

Yesterday I said 5.1 you see betul betul sampai...

Posted by NatsukoMishima > 2021-12-10 17:36 | Report Abuse

Before pandemic china dragon glove still sleeping but now dragon already waked up ! Buy now u will lose atleast 50 - 70 % more ! Unless buy at 2.xx - 3 make safe !

Posted by bang_miskin > 2021-12-10 17:52 | Report Abuse

Ah when price are plunging all the naysayers are out. I am still holding and thinking of buying when prices dip. Whatever you do, do not act under emotion/panic. Plan ahead and buy/sell when you reached a certain target. If you react according to market sentiment or emotion, you will regret. Also doesn't hurt to diversify a little into other counter/industries.