Posted by Anxious > 2022-06-01 15:08 | Report Abuse

50% Drop in Hartalega. What Should I Do? by Ian Tai

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-05-27-story-h1623450828-50_Drop_in_Hartalega_What_Should_I_Do_by_Ian_Tai

Looks like I am not the only one in this position. Unfortunately the article itself provides no answer.

Posted by Loh Kok Wai W > 2022-06-01 16:40 | Report Abuse

all glove counters to Holland.

Posted by Loh Kok Wai W > 2022-06-01 16:58 | Report Abuse

Good counter mah....why drop more,up a bit ???

Posted by Anxious > 2022-06-01 17:09 | Report Abuse

Today hit another 52 week low. Looks set to test RM4.00!

Posted by Pgraduate123 > 2022-06-01 17:16 | Report Abuse

Sei sor hei

Posted by nicholas99 > 2022-06-01 17:17 | Report Abuse

glove is low margin products.. see before pre-covid. you know. not many kilang survive.

Posted by bang_miskin > 2022-06-01 17:22 | Report Abuse

@Anxious nobody can predict the stock market, but the consensus seems to be that the gloves industry isn't doing too well in the short run. From February to late April, I have been slowly cut my losses by reducing my holdings from 30% to 15% and investing in other industries. Right now gloves is only a little over 10% of my portfolio, because other stocks in my portfolio are doing well, while gloves continue to trend downwards. I kept the remaining 10% (or 15%) in the freezer, and consider adding some if it falls below the RM4 threshold.

I am not in the position to dole out financial advise, but if your portfolio is keeping you up at night, consider taking professional financial advice on adjusting your overall portfolio. Beware of random advises from here, Whatsapp, Facebook and Youtube. Selling Harta was painful for me, realising 35-40% losses during in the process, but my losses were smaller since my other stocks were doing quite well.

Posted by Pgraduate123 > 2022-06-01 17:26 | Report Abuse

Only a miracle from God could save all the Glove counters.. Imagine holding on at rm14, rm12, Rm10.70 and rm5.70 till today.. God please help

Posted by Pgraduate123 > 2022-06-01 17:28 | Report Abuse

Can we have a glove mania 2.0 in August? Loss like crazy is an understatement..

Posted by ccpool > 2022-06-01 17:32 | Report Abuse

https://www.youtube.com/watch?v=61Q6wWu5ziY

Posted by NatsukoMishima > 2022-06-01 21:52 | Report Abuse

Harta indeed has very good fundamental but the whole story for glove industry already change since pandemic and u must chg your mindset 360 degrees also! From rm 4 to 2.xx then it will be too late to cut loss !

Posted by NatsukoMishima > 2022-06-01 21:53 | Report Abuse

Come on EPF ! GOOD JOB !

Posted by Skynet2022 > 2022-06-02 01:54 | Report Abuse

Glove is recession proof. Glove still needed in hospital. Just that those solely making examination glove do not have competitive advantages. Small player will be consolidated.
Eventually those survive through will continue to sail. Now just have to wait for their price come down to the bottom then enter.

Posted by Skynet2022 > 2022-06-02 01:56 | Report Abuse

Among the Big 4, Hartalega machine technology is leading others. Perhaps, hopefully their technology can outperform others that make them different.

Posted by Skynet2022 > 2022-06-02 01:59 | Report Abuse

Not sure on their management capability, but did observe in one of the Margma Rubber Glove Conference on how the Sr Kuan lecturing his entire sales team, which is a really serious session.

Posted by Skynet2022 > 2022-06-02 02:01 | Report Abuse

My suggestion, wait and see as forecasting the glove share price will drop further. Thank you.

Posted by Ryan83 > 2022-06-02 09:39 | Report Abuse

Harta share price 1st time drops below RM4 and continues downtrend as glove ASP still declining and increasing production cost coming few quarters....Current PE valuation still high as EPS coming few quarters continues to decline to around 2-3sen

Posted by NatsukoMishima > 2022-06-02 10:02 | Report Abuse

EPF BOLEH ! DUMP KAW KAW ! RM 2.XX SOON !

Posted by wahd > 2022-06-02 11:08 | Report Abuse

ASP stand for ?

Posted by ngjack1991 > 2022-06-02 11:14 | Report Abuse

Average selling price

Posted by ngjack1991 > 2022-06-02 11:19 | Report Abuse

The share price is dropping because people speculate the ASP to drop further due to oversupply from China and other glove factory that mushrooming during covid era. Another reasons is labour shortage as well as increase raw material cost due to rising of energy cost worldwide together with tariff's exemption for China medical goods. Inflation worldwide especially will drive user to switch to lower pricing goods and further squeeze the margin. Oversea inflation was crazy, just Malaysia is much lower due to government subsidy fuel but we do impacted due to transport and cost from oversea raw material is increasing due to rising in energy cost

Posted by apple168 > 2022-06-02 11:46 | Report Abuse

Harta, here we Short9e!

Posted by Cerubic > 2022-06-02 11:51 | Report Abuse

https://m.youtube.com/watch?v=KcCxZjMH3Vs

Posted by Cerubic > 2022-06-02 11:52 | Report Abuse

Love hate relationship with the frozen chicken...continue rolling down the hill

Posted by Mini2021 > 2022-06-02 12:15 | Report Abuse

EPF still got 270,000,000 unit share to throw...

Posted by Skynet2022 > 2022-06-02 13:15 | Report Abuse

Not speculation. Just happen to know the industry. Thank you.

Posted by Loh Kok Wai W > 2022-06-02 13:16 | Report Abuse

All Glove counter better Transfer to Muzium negara...

Posted by Skynet2022 > 2022-06-02 13:23 | Report Abuse

Examination glove is a commodity product. No Speacialty. Production profitability rely on mass volume.
Who can produce with cheaper cost and equal quality will win the battle.

Developer also trying to make glove, which is unwise direction.
Currently supply over demand.
Answer for ASP drop is there. Not speculation.
Thank you.

Posted by Cerubic > 2022-06-02 13:40 | Report Abuse

ASP = Awak Semua PK....lol

Posted by Cerubic > 2022-06-02 13:42 | Report Abuse

3.97....rolling n rolling

Posted by Pgraduate123 > 2022-06-02 14:27 | Report Abuse

Bull run in August 2022

Posted by Mini2021 > 2022-06-02 14:46 | Report Abuse

Developer hate Glove maker earning 5 billion for 2 years....They red eyes.... Developer mostly are opportunist....now developer come can destroy the fundamental of gloves ... The big 4 must defense

Posted by ken2004 > 2022-06-02 15:12 | Report Abuse

The new comer must be in terrible situation as atleast the big 4 earn big bucks already, now is just business as usual same like before pre covid time.....

Posted by bang_miskin > 2022-06-02 15:18 | Report Abuse

Most likely is business as usual, similar to the one before the pandemic. I will hold as long as Harta can remain competitive above the others. But if Harta is no longer competitive, or when the glove industry is not longer a growing industry (in terms of growth, gloves used to be second to tech) then bye-bye glove industry, it's nice knowing you.

Posted by NatsukoMishima > 2022-06-02 15:59 | Report Abuse

EPF will dump until 1% left !

Posted by NatsukoMishima > 2022-06-02 16:00 | Report Abuse

Well done EPF dump dump dump non stop !

Posted by Mini2021 > 2022-06-02 19:23 | Report Abuse

EPF very happy to throw, because they short from rm 20 to rm 4........now they throw still earn...

Posted by ken2004 > 2022-06-02 21:01 | Report Abuse

LOL, sure or not, short can pending for so long wan.........if like this i wan short few month to years only pay back

Posted by Mini2021 > 2022-06-02 23:29 | Report Abuse

ken2004: why not use ur brain to think? I short , then buy back then use other account short then buy back? only one account meh?? ahahaha first day in stock market ar? aiyooo...... even normal retailer also got few account la.

Posted by Ryan83 > 2022-06-08 10:44 | Report Abuse

Hartalega price drops to all time low below 3.90 as selling price still downtrend and oversupply of gloves with increasing production cost

Posted by NatsukoMishima > 2022-06-08 14:16 | Report Abuse

Rm 2.xx coming soon ! Still think this is value investment ??

Posted by Sslee > 2022-06-08 14:42 | Report Abuse

KUALA LUMPUR (June 3): Top Glove Corp Bhd's market capitalisation slipped below RM10 billion on Friday (June 3), as its share price extended losses to settle down two sen or 1.59% at RM1.24.

Question: When will Harta's market capitalisation to also slip below RM 10 billion?

Posted by ken2004 > 2022-06-08 15:06 | Report Abuse

seriously, u know what is shorting or not lol, it is about you borrow shares to sell to people then in another way, you need to return back what you sell out in later stage, it is not about how many accounts you have......

Posted by Ryan83 > 2022-06-08 15:21 | Report Abuse

Hartalega also heavy selling pressure by EPF similar to Top Glove and glove now is low margin business now due to oversupply of gloves worldwide

Posted by investmalaysia618 > 2022-06-08 16:08 | Report Abuse

buy harta to reduce your harta

Posted by ahyen10 > 2022-06-08 16:17 | Report Abuse

harta tak lega

Posted by YourQuirkyWays29 > 2022-06-08 16:18 | Report Abuse

3.8 is here but bank account is empty, sigh, need to wait for June salary.

Posted by apple168 > 2022-06-08 16:23 | Report Abuse

Harta Short9e!

Posted by apple168 > 2022-06-08 16:23 | Report Abuse

TP 3.0!

Posted by investmalaysia618 > 2022-06-08 16:31 | Report Abuse

i borrow you money to buy la. but with interest of course