Posted by Pgraduate123 > 2022-05-18 17:26 | Report Abuse

Mkt cap dwindling daily... Losses first time ever... And monkeys still want to charged cukai makmur..

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-05-18 17:42 | Report Abuse

SSLee

I speculate or project the annual earnings of Harta will continue to decline to about RM 600m in the near term, mainly due to contracting ASP and profit margins.

At RM15B market cap today, you are paying a forward PE of 25.

There will be a period of consolidation within this industry and severe competition will kill off many newcomers to this industry. Mah Sing has indicated exiting this sector. Why did they even enter in the first place?

Posted by Sslee > 2022-05-18 20:55 | Report Abuse

Market Cap:4,476 Million
NOSH:2,558 Million
Avg Volume (4 weeks):3,062,125
4 Weeks Range:1.72 - 1.89

Date Financial Result Per Share Item
Quarter Revenue PBT NP to SH EPS DPS NAPS
Financial Year: 31-Dec-2022
31-Mar-2022 690,632 119,839 90,103 3.53 0.00 1.6155
Financial Year: 31-Dec-2021
31-Dec-2021 924,555 273,704 218,674 8.57 12.00 1.58
30-Sep-2021 1,302,768 696,778 528,203 20.69 12.00 1.6146
30-Jun-2021 2,238,015 1,403,749 1,064,847 41.72 12.00 1.524
31-Mar-2021 2,192,149 1,373,540 1,041,823 40.76 12.00 1.2233

3iii,
Above is Kossan last 5 quarters financial result.
Why kossan market cap only worth RM 4,476 million?

Posted by HK_Wealth_Management > 2022-05-19 11:30 | Report Abuse

Think far away, Top glove is cashing out the fund from equity in order to make the acquisition

Posted by Anxious > 2022-05-20 17:55 | Report Abuse

Closed today at 4.19. Probably more pain next week as it goes ex dividend on 25th May, Wednesday.

May breach 52 week low of 4.15. Nothing much we can do. It has to just run its course.

I may even consider doubling down if it reaches RM3.00.

Posted by Justin Tan > 2022-05-23 16:26 | Report Abuse

Monkeypox is spreading around the world. What is the disease and how dangerous is it?

https://www.cnbc.com/2022/05/20/what-is-monkeypox-and-how-dangerous-is-it-cases-are-rising-globally.html

Posted by looiting > 2022-05-23 20:31 | Report Abuse

Many gonna get trapped soon

Posted by JovaneChua > 2022-05-24 08:02 | Report Abuse

monkeypoxx!!!!! sex!!!!

Posted by Ryan83 > 2022-05-24 10:36 | Report Abuse

ASP price still falling amid very intense competition among glove makers to reduce their selling price each month

Posted by Mini2021 > 2022-05-24 11:05 | Report Abuse

I heard Harta boss selling one box nitrile glove at rm 1.....which mean rm 0.01 for one glove only..... and Harta boss son complain he said Starbuck coffee selling at RM 10 per cup, why gloves selling at RM 1 per box....

Posted by HK_Wealth_Management > 2022-05-24 15:19 | Report Abuse

Sri Trang-Agro Industry Ord Shs acquired by TG

Posted by ccpool > 2022-05-24 15:45 | Report Abuse

3.425

Posted by Anxious > 2022-05-24 17:13 | Report Abuse

52 week low RM4.13.

Posted by ccpool > 2022-05-24 18:33 | Report Abuse

How about a 52 week new low? Haha

Posted by troy88 > 2022-05-25 10:55 | Report Abuse

Sad to see the once great Harta has slumped to this level but it is what it is. Good luck to all holders..

Posted by YourQuirkyWays29 > 2022-05-25 11:29 | Report Abuse

God damn luckily I did not average at 4.3, lets see how red this ex-div goes before deciding to average down or hodl.

Posted by Cerubic > 2022-05-25 15:16 | Report Abuse

Look at the "bright side", I can still queue up at Yayasan Hartalega if the number continue rolling down the hill. It is a good company with even their own employees laughing all the way to the bank during good times, we as the shareholders should give our full confident to the management.

Posted by Anxious > 2022-05-25 16:20 | Report Abuse

New low of RM4.05. EPF has been sellimg too. Looks like this is going into the cold storage for a long long time.

Posted by Cerubic > 2022-05-25 17:22 | Report Abuse

Dont worry, look at the latest motto of the company. The management predicted, even in advance the condition of the market in the coming days and came out with the motto Grounded in Values, not 6ft underground. They even have the Yayasan set up where worst case scenario, i think i can still queue up for my food there.

Posted by YourQuirkyWays29 > 2022-05-25 18:16 | Report Abuse

https://youtu.be/5VRVPHWI9Dc

Posted by InsiderShark > 2022-05-26 09:44 | Report Abuse

good company but not the right time to buy, glove will go thru a winter and the chart will be flat for a few years, only then you enter for long term once many competitors die or consolidate. harta will still be there as their margins are the highest and have loyal customers, therefore 10 years from now, it will be higher, but for now, it will go sideways or down.

Posted by ccpool > 2022-05-26 10:10 | Report Abuse

The best support i see for now is at the 3.425 region. Losing that will open doors to lower prices in the 1.50-2.50 region. So plan your trade accordingly.

Posted by NatsukoMishima > 2022-05-26 10:16 | Report Abuse

Now believe already rm 2.xx - 3.xx ? Richest man EPF also cant tahan anymore dump glove stock like hell , it will drop faster , high level people will be trapped for 100 years !

Posted by NatsukoMishima > 2022-05-26 10:20 | Report Abuse

@InsiderShark

381 posts

Posted by InsiderShark > 32 minutes ago | Report Abuse

good company but not the right time to buy, glove will go thru a winter and the chart will be flat for a few years, only then you enter for long term once many competitors die or consolidate. harta will still be there as their margins are the highest and have loyal customers, therefore 10 years from now, it will be higher, but for now, it will go sideways or down

__________
If u still hold at above rm 4 then better cut loss right now and buy back later at lelong price !

Posted by YourQuirkyWays29 > 2022-05-26 11:23 | Report Abuse

Nope I don't believe any self proclaim fortune teller. Where were you when EPF bought millions of units in late March ~ early April? EPF is merely trading the volume that is marginal to their total holdings in Harta. Always come in during red days and call for people to sell is just classic fear mongering. If you have solid analysis that suggest price will drop further, go ahead and share it for constructive discussion. Don't act like a fortune teller on red days and then disappear on green days.

Not denying that glove sector (including Harta) may not see good days (in terms of share price) in the immediate near future due to existing circumstances. But recommending financial decisions based on your fortune telling is just a poor act.

Posted by Mini2021 > 2022-05-26 13:29 | Report Abuse

EPF short gloves counter earn more than Billion ........ now they just throwing for fun....

Posted by Mini2021 > 2022-05-26 13:30 | Report Abuse

EPF now collecting genm and Genting all good profit counter , they can get dividend and lost cost tickets ....once Genting up 50% ...they start throw again....

Posted by Cerubic > 2022-05-26 13:34 | Report Abuse

Agreed with yourquirkyways29. Though harta is a "frozen chicken" shares, doesnt mean there is a need for "chicken run". To be a bit sarcastic looking at the number rolling down hill, one may need to queue up at Yayasan Hartalega. But still in the end of the day it still goes back to the fundamental of investing shares. Little birdie tell me the Kuan senior is a analytical businessman. I will just crossed my finger and see how the Kuans going to weather through this big thunderstorm.

Posted by VTrade > 2022-05-26 19:29 | Report Abuse

Newspaper say epf clearing 3 top glove company

Posted by YourQuirkyWays29 > 2022-05-26 19:55 | Report Abuse

After removing duplicate disclosures:

EMPLOYEES PROVIDENT FUND BOARD 23-May-2022 Disposed 574,600 -
EMPLOYEES PROVIDENT FUND BOARD 20-May-2022 Disposed 182,400 -
EMPLOYEES PROVIDENT FUND BOARD 20-May-2022 Disposed 69,400 -
EMPLOYEES PROVIDENT FUND BOARD 19-May-2022 Disposed 1,099,300 -
EMPLOYEES PROVIDENT FUND BOARD 18-May-2022 Disposed 378,100 -
EMPLOYEES PROVIDENT FUND BOARD 17-May-2022 Disposed 459,200 -
EMPLOYEES PROVIDENT FUND BOARD 13-May-2022 Disposed 3,800,000 -
EMPLOYEES PROVIDENT FUND BOARD 12-May-2022 Disposed 402,200 -
EMPLOYEES PROVIDENT FUND BOARD 27-Apr-2022 Disposed 211,600 -
EMPLOYEES PROVIDENT FUND BOARD 05-Apr-2022 Disposed 500,000 -
EMPLOYEES PROVIDENT FUND BOARD 04-Apr-2022 Disposed 101,400 -
EMPLOYEES PROVIDENT FUND BOARD 31-Mar-2022 Acquired 700,000 -
EMPLOYEES PROVIDENT FUND BOARD 31-Mar-2022 Acquired 75,000 -
EMPLOYEES PROVIDENT FUND BOARD 31-Mar-2022 Acquired 35,000 -
EMPLOYEES PROVIDENT FUND BOARD 30-Mar-2022 Disposed 750,000 -
EMPLOYEES PROVIDENT FUND BOARD 30-Mar-2022 Acquired 2,789,800 -
EMPLOYEES PROVIDENT FUND BOARD 30-Mar-2022 Acquired 225,000 -
EMPLOYEES PROVIDENT FUND BOARD 29-Mar-2022 Acquired 519,400 -
EMPLOYEES PROVIDENT FUND BOARD 29-Mar-2022 Acquired 230,000 -
EMPLOYEES PROVIDENT FUND BOARD 28-Mar-2022 Acquired 400,000 -
EMPLOYEES PROVIDENT FUND BOARD 28-Mar-2022 Acquired 180,000 -
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2022 Acquired 250,000 -
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2022 Acquired 35,000 -
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2022 Acquired 350,000 -
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2022 Acquired 60,000 -
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2022 Acquired 350,000 -
EMPLOYEES PROVIDENT FUND BOARD 22-Mar-2022 Acquired 350,000 -
EMPLOYEES PROVIDENT FUND BOARD 09-Mar-2022 Acquired 245,700 -
EMPLOYEES PROVIDENT FUND BOARD 08-Mar-2022 Disposed 1,000,000 -
EMPLOYEES PROVIDENT FUND BOARD 07-Mar-2022 Acquired 309,900 -
EMPLOYEES PROVIDENT FUND BOARD 04-Mar-2022 Acquired 320,000 -
EMPLOYEES PROVIDENT FUND BOARD 03-Mar-2022 Acquired 31,600 -
EMPLOYEES PROVIDENT FUND BOARD 01-Mar-2022 Disposed 50,000 -
EMPLOYEES PROVIDENT FUND BOARD 01-Mar-2022 Acquired 80,000 -
EMPLOYEES PROVIDENT FUND BOARD 28-Feb-2022 Acquired 500,000 -
EMPLOYEES PROVIDENT FUND BOARD 25-Feb-2022 Disposed 100,000 -
EMPLOYEES PROVIDENT FUND BOARD 25-Feb-2022 Acquired 394,000 -
EMPLOYEES PROVIDENT FUND BOARD 23-Feb-2022 Acquired 218,800 -
EMPLOYEES PROVIDENT FUND BOARD 22-Feb-2022 Disposed 110,000 -
EMPLOYEES PROVIDENT FUND BOARD 22-Feb-2022 Acquired 346,200 -
EMPLOYEES PROVIDENT FUND BOARD 18-Feb-2022 Acquired 188,500 -
EMPLOYEES PROVIDENT FUND BOARD 17-Feb-2022 Acquired 90,200 -
EMPLOYEES PROVIDENT FUND BOARD 16-Feb-2022 Acquired 300,000 -
EMPLOYEES PROVIDENT FUND BOARD 15-Feb-2022 Acquired 422,500 -
EMPLOYEES PROVIDENT FUND BOARD 14-Feb-2022 Acquired 79,100 -
EMPLOYEES PROVIDENT FUND BOARD 10-Feb-2022 Acquired 391,200 -
EMPLOYEES PROVIDENT FUND BOARD 09-Feb-2022 Disposed 200,000 -
EMPLOYEES PROVIDENT FUND BOARD 09-Feb-2022 Acquired 840,100 -
EMPLOYEES PROVIDENT FUND BOARD 07-Feb-2022 Disposed 5,500 -
EMPLOYEES PROVIDENT FUND BOARD 21-Jan-2022 Disposed 3,500 0.000
EMPLOYEES PROVIDENT FUND BOARD 20-Jan-2022 Disposed 46,300 0.000
EMPLOYEES PROVIDENT FUND BOARD 19-Jan-2022 Disposed 61,300 0.000
EMPLOYEES PROVIDENT FUND BOARD 19-Jan-2022 Disposed 10,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 17-Jan-2022 Disposed 12,600 0.000
EMPLOYEES PROVIDENT FUND BOARD 14-Jan-2022 Disposed 1,600 0.000
EMPLOYEES PROVIDENT FUND BOARD 13-Jan-2022 Disposed 117,400 0.000
EMPLOYEES PROVIDENT FUND BOARD 13-Jan-2022 Disposed 18,700 0.000
EMPLOYEES PROVIDENT FUND BOARD 12-Jan-2022 Disposed 91,200 0.000
EMPLOYEES PROVIDENT FUND BOARD 10-Jan-2022 Disposed 700,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 10-Jan-2022 Disposed 15,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 07-Jan-2022 Disposed 800,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 07-Jan-2022 Disposed 9,500 0.000
EMPLOYEES PROVIDENT FUND BOARD 06-Jan-2022 Disposed 588,600 0.000
EMPLOYEES PROVIDENT FUND BOARD 06-Jan-2022 Disposed 7,100 0.000
EMPLOYEES PROVIDENT FUND BOARD 05-Jan-2022 Disposed 760,100 0.000
EMPLOYEES PROVIDENT FUND BOARD 05-Jan-2022 Disposed 3,400 0.000
EMPLOYEES PROVIDENT FUND BOARD 04-Jan-2022 Disposed 192,100 0.000
EMPLOYEES PROVIDENT FUND BOARD 03-Jan-2022 Disposed 397,300 0.000
EMPLOYEES PROVIDENT FUND BOARD 03-Jan-2022 Disposed 25,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 31-Dec-2021 Acquired 5,057,800 0.000
EMPLOYEES PROVIDENT FUND BOARD 31-Dec-2021 Acquired 200,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 31-Dec-2021 Acquired 50,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 30-Dec-2021 Disposed 81,200 0.000
EMPLOYEES PROVIDENT FUND BOARD 30-Dec-2021 Acquired 597,400 0.000
EMPLOYEES PROVIDENT FUND BOARD 29-Dec-2021 Disposed 137,100 0.000
EMPLOYEES PROVIDENT FUND BOARD 29-Dec-2021 Acquired 813,600 0.000
EMPLOYEES PROVIDENT FUND BOARD 28-Dec-2021 Acquired 202,600 0.000

Posted by YourQuirkyWays29 > 2022-05-26 19:57 | Report Abuse

https://klse.i3investor.com/web/stock/substantial-shareholder/5168

can verify for yourself, just a few clicks on i3. No need to read newspaper. LOL.

Posted by looiting > 2022-05-27 16:37 | Report Abuse

Very cold in here. No one in the room

Posted by Cerubic > 2022-05-27 17:42 | Report Abuse

Frozen chicken shares....nothing much to comment...LOL

Posted by BursaVulture > 2022-05-28 10:49 | Report Abuse

YourQuirkyWays29

EPF could be trading on Harta, after all, they delegated some of their money to various fund houses, therefore we will never know if they make or lose money. but seeing how they stop becoming substantial holders of TopGlove, they've probably gave our noticed to all the other funds under them not to trade glove since March.

EPF is leaving all glove counters.

Posted by Philip ( buy what you understand) > 2022-05-28 15:44 | Report Abuse

I think the obvious answer is that historically hartalega profit margins, customer reach and market size ( and patents) are on a different scale. If you look historically hartalega growth rate and return on investment and kossan growth rate is on a totally different scale.

>>>>>>>



Sslee

Market Cap:4,476 Million
NOSH:2,558 Million
Avg Volume (4 weeks):3,062,125
4 Weeks Range:1.72 - 1.89

Date Financial Result Per Share Item
Quarter Revenue PBT NP to SH EPS DPS NAPS
Financial Year: 31-Dec-2022
31-Mar-2022 690,632 119,839 90,103 3.53 0.00 1.6155
Financial Year: 31-Dec-2021
31-Dec-2021 924,555 273,704 218,674 8.57 12.00 1.58
30-Sep-2021 1,302,768 696,778 528,203 20.69 12.00 1.6146
30-Jun-2021 2,238,015 1,403,749 1,064,847 41.72 12.00 1.524
31-Mar-2021 2,192,149 1,373,540 1,041,823 40.76 12.00 1.2233

3iii,
Above is Kossan last 5 quarters financial result.
Why kossan market cap only worth RM 4,476 million?

Posted by Skynet2022 > 2022-05-29 09:09 | Report Abuse

I am a new learner in stock market. What I notice is, Harta is on Nitrile glove market which most market player is producing including developer who has no experience on glove also produce this product. Meanwhile, China major producer like Intco also their key competitor. Will this business sustain due to supply too high and demand will probably starting to drop due to the available of vaccine and most country started to move to endemic phase? Will this impacting their share price? EPF also starting to dispose glove stock. Thank you.

Posted by Sslee > 2022-05-29 10:13 | Report Abuse

Disposable Glove ASP will be determined by supply and demand condition. At current and for the next few years, supply will exceeds demand.

What happens when supply exceeds demand?

Posted by kl_guy > 2022-05-29 10:14 | Report Abuse

skynet2022, just look at harta history before the pandemic ASP was low , Harta survived . Harta will survive this low ASP fiasco , just wait and see. will probably fall to rm3.80...rm3.60 level. When ASP to low, new setup glove player will lose money ....until they close down or sell off their business. This will take about 3 years from now. There are rumour MahSing is sell their glove factory . More new will player existing this LOW ASP business. Long Run, top glove and Harta will survive. Question is what price are you buying in these 2 stock ?

Posted by Skynet2022 > 2022-05-29 11:29 | Report Abuse

in the 80's, when AIDS become a issue, a lot of glove factories being setup, then it started to consolidate, small factory being acquired by big company.
I think same thing heppen here.
China's key players already setup their facility with modenised technology, while a lot of local players factory due to already long established, perhaps the efficiency will not be as good as these China's newly setup factory. Glove, especially examination glove is volume orientated. They need mass volume to substantiate their cost. With spike in gas price, labour cost (minimum wages), tranportation cost, etc... will their ASP able to cater for their operating expenses and giving better profit margin.
Situation in 10 yrs ago is different than now. Just trying to understand.

Posted by Skynet2022 > 2022-05-29 11:32 | Report Abuse

Meanwhile, Malaysia glove company also facing competition from Thailand and Vietnam glove makers. Now EPF started to dispose their share in glove stock, just thinking that their share price will probably drop further and need more time to observe before enter. Just sharing my thought.

Posted by Mini2021 > 2022-05-29 15:58 | Report Abuse

Malaysia glove company not only facing Thailand and Vietnam makers....They also need to face challenges from China, Indonesia Brunei Singapore India Middle East as well as Africa , North America and also Europe glove maker company ....the ASP definitely will keep dropping ...

Posted by Skynet2022 > 2022-05-29 19:34 | Report Abuse

Majority of glove makers located in Asia. Same region, similar operational advantages, similar competition advantages and most probably deliver to the similar group of customer in oversea country.
If product is examination glove, no additional competitive advantages, except pricing due to lower glove weight, a commodity product, probably in red ocean now onwards till the merging and acquisition taking place and settle down.

Posted by NatsukoMishima > 2022-05-29 21:53 | Report Abuse

部分中国医疗产品　美国延长豁免关税半年
（华盛顿29日讯）美国贸易代表当地时间周五宣布，美国将把对中国部分医疗产品的惩罚性关税豁免再延长6个月至11月30日。

据法国国际广播电台和路透社报导，美国贸易代表办公室表示，进口关税豁免原定将于5月31日到期，“涵盖应对新冠病毒大流行所需的81种医疗保健产品”。

豁免于2020年12月首次宣布，并于去年11月延长了一次。

关税豁免名单上的产品包括口罩、医用橡皮手套!!

Posted by YourQuirkyWays29 > 2022-05-30 10:10 | Report Abuse

Are there challenges in the glove sector? Plenty.

Do I believe that Harta can navigate through it? For now, from the results we see and what the management says, I believe so.

Is it possible to buy Harta at a cheaper price? Maybe. Timing the market is hard and i dont have plenty cash lying around to trade, do what you want with your own money.

When will the management's ability to navigate through these challenges be reflected in share price? Nobody knows, don't believe in bomohs on i3 that pulls share prices from their coconut - even a broken clock is accurate twice in a day.

Posted by Mini2021 > 2022-05-30 16:41 | Report Abuse

I heard China glove companies going to closed down , they will import gloves from Malaysia and export to US.... save a lot of natural gas cost ....

Posted by Pgraduate123 > 2022-05-30 17:23 | Report Abuse

Sei sor hei

Posted by bang_miskin > 2022-05-30 19:59 | Report Abuse

Wasn't paying attention to the market for the past three weeks, lol. Despite all the naysayers here I am still holding on to Harta. It will be a rough time for the gloves industry, with demand resuming to normal, but prices of raw materials and wages rising, putting a squeeze on profit margin. Unlike other gloves companies Harta still holds a premium because it can eke out a better margin than the others. This time smaller companies will get squeeze out of existence and larger companies coping with higher costs. For Harta, I am betting on the management more than the immediate gloves market.

Posted by Cerubic > 2022-05-31 01:49 | Report Abuse

Lots of comparison number crunching (headache), lots of related news (confusing), lot of predictions (crystal ball) ...in the end of the day it still goes back to fundamental, the company itself...everybody talk bout buy and sell short term, nobody talk bout long term and the real value of investment. Besides the desirable dividend, ESG is also considered as a "valuable assets" of a company. So far the company is solid as a rock diamond with no negative news except employee laughing all the way to the bank together with the shareholders during good time, donations/charity to the community, milions donated during the pandemic (Just hope this frozen chicken will not end up us queuing at Yayasan Hartalega instead, LOL) ......for those still holding this frozen chicken, think bout its contribution to the society the community on our behalf as the minority shareholders...we should be proud....coz in the end of the day there is nothing much one can do when you are stucked with a frozen chicken, buy also may get u bury alive, sell also will get u end up 6ft down under...LOL

Posted by YourQuirkyWays29 > 2022-05-31 14:57 | Report Abuse

LOL Cerubic, hilarious but spot on. We just hodl.

Posted by NatsukoMishima > 2022-06-01 13:59 | Report Abuse

WELL DONE EPF !