Posted by kl_guy > 2022-12-30 08:07 | Report Abuse

goh, if china don't export outside china , will already cause a shortage to world. It is good for msia glove.

Posted by EverettLee > 2022-12-30 10:58 | Report Abuse

Go go. Let Harta break RM1.80 before 2023

Posted by YourQuirkyWays29 > 2022-12-30 12:02 | Report Abuse

It's been awhile, still publicly bashing Harta? lmao, everyone only has 24hours a day, think about it. xD

Posted by ChloeCheong > 2022-12-30 14:39 | Report Abuse

Ignore the bashers. They only bash when the share price drops whereas hide when the share price moves up.

Posted by CharlesT > 2022-12-30 15:05 | Report Abuse

Posted by ChloeCheong > 13 minutes ago | Report Abuse

Ignore the bashers. They only bash when the share price drops whereas hide when the share price moves up.

For the past 2 years+ they hardly have chance to hide

Posted by nasgee > 2022-12-30 16:14 | Report Abuse

waawawawaaaa...aa

Posted by NatsukoMishima > 2022-12-30 17:48 | Report Abuse

Glove stock bcome gambling tool to trap bilis already !

Posted by NatsukoMishima > 2022-12-30 17:48 | Report Abuse

China already open fully , bye bye to 3 years old pandemic , all back to normal !

Posted by samerkl > 2022-12-31 10:28 | Report Abuse

F**K China! China is evil ............contaminating the World with unknown Covid variant!!!

Posted by NatsukoMishima > 2023-01-01 14:47 | Report Abuse

Dont say like that bro , China was the first only contry willing to send free vaccines to poor countries who unafford to buy expensive pfizer !

Posted by NatsukoMishima > 2023-01-01 14:48 | Report Abuse

Happy new year 2023 , hope all people throw away their glove n masks in 2023 !

Posted by Sharewire > 2023-01-01 23:11 | Report Abuse

Glove stock will reach 40% of former glory.Unavoidable 40%

Posted by VTrade > 2023-01-02 01:40 | Report Abuse

China able to settle the virus very fast.
So buy more…ya.. exchange

Posted by VTrade > 2023-01-02 01:44 | Report Abuse

Any sifu recommand glove , all kena no doubt and must follow them to buy.

Posted by VTrade > 2023-01-02 01:44 | Report Abuse

Support economy macam taiwan

Posted by bang_miskin > 2023-01-02 13:37 | Report Abuse

Happy New Year guys!
Lot's of news about speculation about China's U-turn decision on the glove market. I am sceptical that it will have a lasting effect on the ASP. With the oversupply problem persisting, 2023 is not a good year for the glove market. But since prices are close to the bottom, you can buy and keep if you don't mind holding for another year, two or three. Buy low, sell high... you get the gist, lol!

Posted by CharlesT > 2023-01-02 14:02 | Report Abuse

Many bought Harta at rm10+ during early 2021 happily after a hefty 50% plunge fm its peak of rm20+ in Aug 2020.

It plunged another 50% in 2021.

Then many bought happily at RM5+ during early 2022 n ops it drops another 60% in 2022.

Again many bought cheap cheap happily at rm1.70+ at early 2023 n how it goes.

Posted by bang_miskin > 2023-01-02 15:01 | Report Abuse

@CharlesT A fair point. Will prices in 2023 dropped by another 50-60%? We will know by the end of this year.

Posted by nuilam hali > 2023-01-02 15:40 | Report Abuse

Glove stock will shoot up from now

Posted by nuilam hali > 2023-01-02 15:41 | Report Abuse

In 3 months definitely rm5 above

Posted by bang_miskin > 2023-01-02 19:12 | Report Abuse

@nuilam hali Ya kah? Based on the recent quarterly reports, very unlikely to reach RM5 in three months. In 3 months can maintain above RM2 I already happy. Unless we see an rise in ASP or an end to oversupply problem, prices are going to move sideways. Just my 2 sen.

Posted by kk7198 > 2023-01-02 20:27 | Report Abuse

@bang_miskin ,looks like Harta can maintain at RM1.70 and Topglove at RM0.90 sen. Possible can test RM2.00 soon.

Posted by bang_miskin > 2023-01-02 21:32 | Report Abuse

Prices remained low because we're still not sure (1) when oversupply problem will resolve and (2) whether we can remained competitive wrt Chinese and SE Asian producers. Better see some solid uptrend and improving ASP before putting more money in this counter.

Reminds me a bit about Genting in late 2020. I remembered price at one point dipped below RM3, I bought some months ago when it dives below RM3.7X, thinking that it was undervalued. But many investors dare not invest because prices are trending downwards. Then news of vaccines emerges and price shot back up.

Posted by nasgee > 2023-01-03 09:09 | Report Abuse

vrommm faterr LU..

Posted by fortunefire > 2023-01-03 09:51 | Report Abuse

time to buy or hold?

Posted by samerkl > 2023-01-03 09:54 | Report Abuse

buy @fortunefire...................

Posted by stockraider > 2023-01-03 11:31 | Report Abuse

Go buy harta loh!

Posted by CharlesT > 1 hour ago | Report Abuse

Many bought Harta at rm10+ happily during End 2020/Early 2021 after a hefty 50% plunge fm its peak of rm20+ in Aug 2020.

It plunged another 50% in 2021.

Again, many bought happily at RM5+ during End Dec 2021/Early 2022

Then it plunged another 60% in 2022.

Again many bought happily at rm1.70+ during End 2022/Early 2023 n how it goes......

At current price of Rm1.70+, it has dropped more than 90% fm it's peak of RM20+ in 2020.


Posted by stockraider > 50 minutes ago | Report Abuse

I agree Harta is a good safe buy loh!

Buy below Philip price is always a good strategy mah!

Posted by Endgame > 2023-01-03 12:21 | Report Abuse

Breaking news: Harta loss strong support 1.70 due to profit taking from retailers. Fund analysis showing institutional funds still continue acquire Harta at this price range.

Posted by nasgee > 2023-01-03 12:32 | Report Abuse

afternoon fly vrommmmmm cissss after bilis tk profit n fs...vrommm

Posted by ChloeCheong > 2023-01-03 14:43 | Report Abuse

Institutional funs buying is more stable than retailers. Let it wash

Posted by kl_guy > 2023-01-03 15:35 | Report Abuse

wow ..total sell 1.98m ...1.46m is short sell ..this mean there are no genuine seller . Only shorties are selling. If short squeeze , sure harta jump up very high.

Posted by kl_guy > 2023-01-03 16:02 | Report Abuse

rss short at rm1.70 ...look like holding well there are fund collecting at rm1.70.

Posted by ChloeCheong > 2023-01-03 16:18 | Report Abuse

Sadly this time hard to short squeeze because retailers no money liao

Posted by fortunefire > 2023-01-03 17:04 | Report Abuse

drop all the way to Feb?

Posted by samerkl > 2023-01-03 17:13 | Report Abuse

buy when drop

Posted by Sharewire > 2023-01-03 18:43 | Report Abuse

One Singaporean severely ill with Covid-19 after recent China travel; MoH ready to step up border measures for selected countries

Posted by YourQuirkyWays29 > 2023-01-03 20:10 | Report Abuse

Don't have to wait for short squeeze, its just a matter of time before things goes back to normal and we can all value the company properly with less uncertainties. That is when the real value emerges, as of now it is anyone's guess & believes.

Posted by kl_guy > 2023-01-03 21:57 | Report Abuse

Look like glove intentionally push down after 4pm.
Maybe a tactic to collect cheap share and keep glove share low.

Posted by VTrade > 2023-01-03 23:43 | Report Abuse

My fren say his guru will bring it up to 100% grow

Posted by CharlesT > 2023-01-04 09:41 | Report Abuse

Is his Sifu the famous Dr.Edwin?

Posted by nasgee > 2023-01-04 10:43 | Report Abuse

wowwoww reddd giant...colltttct...vroom soonn

Posted by samerkl > 2023-01-04 11:38 | Report Abuse

Will buy more when it drops to 1.60s level................

Posted by IOI 1882 > 2023-01-04 12:55 | Report Abuse

faster buy more....xbb is coming~~:)

Posted by lingrecord > 2023-01-04 13:07 | Report Abuse

buy buy buy, collect collect collect

Posted by Endgame > 2023-01-04 15:25 | Report Abuse

Breaking news: China no more shortage of glove after the ramping up production quantity. ASP of glove remain positive grow due to the consistent demand.

Posted by nasgee > 2023-01-04 15:47 | Report Abuse

vrooommm...wth consistent price....vrommm cisss...after 4

Posted by samerkl > 2023-01-04 16:10 | Report Abuse

I want to add some more at 1.50s price range..............

Posted by Endgame > 2023-01-04 18:38 | Report Abuse

Breaking news:
KUALA LUMPUR (Jan 4): Owing to a massive glut of glove supplies, glove stocks are unlikely to see a price uptick even though China is grappling with its biggest wave of Covid-19 infections following its sudden decision to ease draconian pandemic-related restrictions last month.

Analysts believe that China’s spike in cases will not improve the fundamentals of local glove stocks in the short term as the sector still faces industry-wide headwinds caused by an acute oversupply and margin compression, which has resulted in low average selling prices.

When contacted, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said Malaysia's glove players will not benefit from the rapid spread of Covid-19 cases as China itself has sizeable glove production. Moreover, local glove players seldom sell their gloves to China because prices in China are even lower.

Hence, he expects the domestic glove industry to continue to face oversupply issues given their excessive inventory.

BIMB Securities Research analyst Nursuhaiza Hashim said it is still too early to gauge the outcome of China's latest move.

“It might have some knee-jerk reaction on share price if cases spike, but I am still wary to say the glove outlook will improve. Demand may slightly improve, but the current inventory level is enough to cater to [the market demand],” she added.

Nursuhaiza also expects the oversupply to remain as she believes the rising number of cases will not be as high as in the earlier phase of the pandemic because vast numbers of the population have been vaccinated.

Going forward, Nursuhaiza projects that the average selling price (ASP) for gloves will remain at the current level — averaging at US$17 (RM74.82) to US$20 per 1,000 pieces — given the stiff competition from Chinese glove makers as well as normalising demand due to the transition from pandemic to endemic.

As such, she expects earnings growth for the rubber glove sector to be lacklustre at least until the first half of 2023 (1H2023), as there are no signs of ASPs bottoming out, not to mention higher operating costs.

Malacca Securities Sdn Bhd head of research Loui Low Ley Yee said as much of the global population now is vaccinated compared to during the early stages of the outbreak in 2020, he does not foresee ASPs repeating the trend and peak of 2020.

However, he thinks the downside risks are now limited for the sector and recommends that investors relook at beaten-down glove stocks "as it is almost near the turning point".

“The [China] Covid-19 spike in cases might be the catalyst and we may accumulate now as it is downside risk limited. I think glove supply and demand will hit equilibrium this year and expect a rise in overall gloves ASP into 2023."

Both BIMB’s Nursuhaiza and Rakuten Trade’s Thong, however, are “underweight” on the sector as they believe it is not out of the woods yet.

Nursuhaiza said she maintained an “underweight” recommendation given the challenging operating environment which is expected to prolong in the foreseeable future. BIMB had “sell” calls on Hartalega Holdings Bhd (target price [TP]: RM1.70), Kossan Rubber Industries Bhd (TP: 95 sen), Top Glove Corp Bhd (TP: 58 sen) and Supermax Corp Bhd (TP: 60 sen).

On Wednesday (Jan 4), the Big Four were traded in the red. At 4pm, Top Glove shares were one sen or 1.16% lower at 85.5 sen, giving the company a market capitalisation of RM7.02 billion. Some 30.06 million shares were traded so far.

Hartalega fell three sen or 1.81% to RM1.63, which translates to a market capitalisation of 5.59 billion. Supermax dropped 1.5 sen or 1.76% to 83.5 sen, and Kossan declined three sen or 2.73% to RM1.07.

Some of their smaller counterparts were also trading lower with Careplus Group Bhd down three sen or 6.32% to 44.5 sen, while Comfort Gloves Bhd had dropped one sen or 2.11% to 46.5 sen.

Hextar Healthcare Bhd, previously known as Rubberex Corp Bhd, rose marginally by 0.5 sen or 1.37% to 37 sen.

Posted by AnwarKawKaw > 2023-01-04 23:54 | Report Abuse

Limit up soon wakahkahkah

Posted by vinceAust > 2023-01-05 06:32 | Report Abuse

Investor should know which research analyst is accurate most of the times...Personally, I think if the brokers advise were so valuable then they would have buying stocks not selling advises. After all, rely on your self decision... make your own strategy!