No justification here on the overall dividend gain, otherwise the 90% may tell me to harakiri with holding harta stock later on, lol. Annual report clearly stated dividend policy commitment to distribute a minimum 60% of harta annual net profit still remain. Proposed final dividend 3.5 sen per share single tier with total dividend for the year 57sen per share, total payout of RM1.9 billions, payout ratio of 60%
Please kindly google on harta dividend history to find out more. The "sufferer" of harta shareholder here cannot influence, drag you guys to suffer with me on my holding in the company shares. Otherwise get hentam by the 90% here, lol
No comment from me especially on buy/sell bottom down same as before, since day 1 in the forum. Otherwise the 90% will stuff the big dead cat into my mouth for encouraging you guys to buy/sell and suffer with me, lol
Comparing with the Q1 Jun 2022 vs Q1 Jun 19 earnings which have some similarities:
1. EPS of RM2.58 vs RM2.81 2. NTA RM1.49 vs RM0.69 3. Price RM2.05 vs around RM5 (Aug 2019)
Harta was doing ok even before the pandemic. Yes, there are more competitors now but as long as they are not profitable, they will drop out eventually. No company can keep burning cash indefinitely. Automation to improve efficiency also requires investment where Harta has the money for. It will not be easy to get investors to provide glove makers funds to automate their production line knowing the current conditions.
Furthermore, the NTA has roughly doubled so the risk of investing is lower than before.
recent drop is manipulated by syndicate, press for retailers to average down and finally cut loss. this stock worth 4. but can a person sleep well with huge paper loss?
SINCERE SPEAK ......not word to putting on today TOUR TRIPS ....it is so ASSASSIN IN FRONT , NOT EVEN BEHIND DOING , some how is BRIGHT DAY .....HOT TEMPER GENERAL WEATHER MODE .
Going to be interesting looking at the drop. We are in totally value region but the company- Hartalega is dropping to lower share price. Very interesting to study and know if the Bursa is of interest. I am looking and understand the real truth of the drop
@Investor818 - the biggest problem is the profit margin. At c.10% it is well below pre-pandemic levels. So, I don't think even the current PER is sustainable. I suspect Harta will test RM1.50 soon.
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....
Cerubic
520 posts
Posted by Cerubic > 2022-08-12 13:31 | Report Abuse
AGM 1st September 2022 , Sime Darby Convention Centre