Harta should be at pre-pandemic profit level by the next quarterly result, hopefully at the high end of the profit range. If so, prices should remain comfortably above RM5. Despite all the negative news surrounding gloves, I am confident Harta and Kossan can eke out a decent profit margin.
Oh yeah I forgot about cukai makmur, lol. I think it still applies to the next QR. Taking that into account, it's unlikely to reached the upper end of pre-pandemic profit.
Yeah, I'm expecting another dive right before the next QR for people to last minute price-in the "fear". Can only decide whether to buy after the QR though, betting on glove counters (regardless short or long) is very risky, I feel.
Yeah, ASP is expected to decline until April 2022 (next month), so expect two quarters of declining profit. While there is a fear component, I don't expect a large wave of sell-off, not like last year. Those who buy gloves now are in for the long term and know that they won't get rich anytime soon.
Listen me , today Bloomberg news LEAK , AGENT QUEEN ELIZABETH is at Headquarter HARTALEGA , possible THE MIGRATE ROYALTY FUND issue , see the MIRACLE RESULT INSTEAD .
I could never believe WHY Why why when Big Funds start pushing, so many donkeys queue to sell??? Let it glide up or limit up la bodoh, I am not selling until it reached Rm9.00 plus plus, then only queue 10% only..
Agree with @HK_Trust, China's zero-covid or "dynamic zero" policy is putting a strain on their manufacturing, sales and distribution operation of gloves. Worse of all Omicron BA.2 is one heck of a virulent virus. Once a few people gets a positive result, the only way to ensure a zero covid is to lock down the entire city. Imagine the major disruption to the supply chain. One day it is business as usual, and the next day inkambing lockdown. I predict little change to their approach until October, when someone important makes a bid for the third term.
If you bought at RM4.30 few weeks ago, there's a strong temptation to sell at RM5.00. Easy profit. As long as China continues with the zero-covid (or dynamic zero) approach, I am going to hold, even buy some with my pocket money later.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
YourQuirkyWays29
765 posts
Posted by YourQuirkyWays29 > 2022-03-29 14:59 | Report Abuse
@Anxious, we probably got to wait till the next QR to see some movement.