KLSE (MYR): HARTA (5168)
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Last Price
3.60
Today's Change
-0.01 (0.28%)
Day's Change
3.58 - 3.66
Trading Volume
4,773,400
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Cerubic
520 posts
Posted by Cerubic > 2022-08-30 16:45 | Report Abuse
The 180 degree flip is on the overall market condition of the gloves industry, the change in the economy worldwide, the effect of hike in cost of everything under the sun....the fundamental of the company itself is very much stays strong on its feet with healthy balance sheet and humangous cash in hand as of today. The future, well nobody can predict but one thing for sure that we need to raise up the big question marks here are
1) Is the supply superseded demand will remain in the long run?
2) Is the market itself will remain in such a competitive state with the newcomers, especially China, assumed to totally replace the rest of the glove suppliers in the coming days with the ongoing conflicts trade war, tech war and now cold war between China and the US, our biggest market. What is the effect on this aspect on the rest of the markets in the UK, Japan and Europe etc?
3) US itself with their very own gloves factory, how efficient will they be in comparison to the Malaysia gloves factories in view of the hike in cost and much talk bout recession.
4) All in all, the major big question here, is glove a obsolete healthcare product?
Last but not least, the "pigleg/chuegeok= chuekok" please excuse my inappropriate words of the day, lol.....main lead actor here, Harta...as a reputable 30 over years old industry player went through the ups and downs, are they the fittest of the survival? Much is to be seen in the coming days. Aint goin to be in the very near future with good old days laughing all the way to the bank in view of the market condition now but just a decent company that give a reasonable return to the shareholders in the long run