Will continue to drop...be patient if one still willing to buy this frozen chicken shares disregard whether it will further press u down below 3ft down under, lol.....n harta came out with the motto of Grounded in Values...yup... surely ground.... all the way passing 6ft in the coming days.....lol
@investmalaysia618, my investment first rule is to not invest money i can't afford to lose. So i don't borrow money to invest. I can be wrong, just like anyone else in this world. Got to be sure i dont die from being wrong.
Still think of glove stock can rebound in future or buy in dip ?? Dont dream bro because u must realise the whole story already changed 360 degrees since the China challenged malaysia gloves !
Aspen (Group) Holdings is “significantly” scaling down the operations of its glove-making subsidiary Aspen Glove, given the “drastic reduction” of gloves with the easing of the pandemic.
Aspen warns that this move will have a material impact on its results in the current financial year ending June 30 2022.
Headed by president and group CEO Murly Manokharan (picture), Aspen’s core business is in property development but has since joined the fray of companies diversifying into glove-making amid the boom for medical consumables during the pandemic.
According to Aspen, the glove-making industry is seeing high inventory levels, stiffer competition, supply chain issues, inflationary pressures, and decline in selling prices.
The company cites risks of a global recession with the on-going war in Russia and Ukraine dragging on as another reason.
KUALA LUMPUR: Pengeluar sarung tangan getah Malaysia, yang muncul antara sektor paling untung tahun lalu kembali berdepan dengan realiti selepas jumlah kekayaan pengasas lima syarikat terbesar industri itu di negara ini jatuh sebanyak RM25 bilion dalam tempoh setahun.
Permintaan bagi peralatan perlindungan peribadi mendatar apabila pandemik semakin reda, sekali gus menurunkan harga saham syarikat berkenaan, demikian menurut kenyataan Forbes Asia.
Nilai kekayaan Kuan Kam Hon daripada Hartalega Holdings Bhd dan Tan Sri Lim Wee Chai daripada Top Glove Corporation Bhd mencatatkan penurunan terbesar, dengan kedua-duanya menduduki tempat ke-11 dan 14 dalam senarai individu paling kaya di Malaysia.
Pasangan suami isteri daripada Supermax Corporation Bhd, Datuk Seri Stanley Thai dan Datin Seri Cheryl Tan pula menyaksikan peratus kemerosotan terbesar, apabila nilai kekayaan mereka menguncup lebih daripada dua pertiga kepada AS$340 juta (RM1.5 bilion).
Nilai kekayaan lima syarikat sarung tangan terbesar, termasuk Tan Sri Lim Kuang Sia daripada Kossan Rubber Industries Bhd dan Wong Teek Son daripada Riverstone Holdings Limited jatuh lebih daripada AS$5.7 bilion (RM25 bilion).
Rolling and rolling....there goes my frozen turned to fermented chicken into my pickle jar down the basement hall....pray to the mighty BigG that it will not lead me heading to Yayasan Hartalega queuing for my handout and end up passing below 6ft down under in the coming days...
With the continuous chicken run during this hot season with every now and then water rise up to our neck banjir, we do need a little bit of humours to brighten up our days. With the exception of the company really goin down under touchwood, i assumed life will still goes on for you guys, intelligent investors out there whom I assumed will not put all their harta on this fermented chicken merely because of its name hartalega
@FLINV did you buy the stock through stock broking websites? There may be some delay from when the broker bank in the cash to you. I haven't receive mine from Rakuten, will get it probably next week.
LOL @Natsuko, you earlier this year say TP 1.xx de worrr, adjusting upwards when everyone else is adjusting downward? Quite out of character for you, thought you will be shouting harta below 1.00.
Most of us are in Lost World of Tambun or shall we say Timbuktu nowaday. Look at our currency, goin down (income/saving loss)....even our very basic chicken stock, goin down (chicken run....out, business loss)......paper loss in share market nowaday?....look at the board mostly red, look at the no 1600 plus down to 1400 plus now.....what else is new during this global downturn .....the main focus here is how much harta you put in your potfolios which i assumed for harta investors, you guys are pretty good in maneuvering around with your portfolios short term with long term investors already gained much during all this time...sadness heartache along the way, yes looking at the number goin down nowaday but surely u intelligent investors out there r not putting all your harta in hartalega but still holding on with hartalega still kicking and alive ...life still goes on and we just wait for the cyclical effects take place as we all know gloves are still much needed 24/7 out there, pandemic or no pandemic
Basically, if you have better use for the money - then sell, chances are not great for Harta to rebound drastically in the short term. If you have no better use for the money and is going to let it depreciate in the bank anyway (inflation), then might as well stay invested, you could be surprised with what you have 3-5 years down the road. :) Ofcourse, if you're holding, read the company's announcements and articles about it (if any), lookout significant changes in your understanding of the management/business of the company, and exit if need be.
Hartalega share price not looking good as top shareholder EPF keeps selling millions of shares daily...Hartalega glove business will experience very slim single digit profit margin next few quarters and no dividends declared to shareholder
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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....
apple168
6,236 posts
Posted by apple168 > 2022-06-08 16:23 | Report Abuse
TP 3.0!