Posted by NatsukoMishima > 2023-01-05 08:06 | Report Abuse

Many buy harta because they simply think will rebound back to rm 4.xx but unfortunately it will stay at low price or even penny stock after China challenging u buy still stubborn glove tart refuse to face the reality , too sad !

Posted by nasgee > 2023-01-05 09:05 | Report Abuse

2 day LU vrommmm ..fasterrrr..

Posted by xuxu > 2023-01-05 12:08 | Report Abuse

4 days dropping consecutively, bolak

Posted by WMY2188 > 2023-01-05 12:15 | Report Abuse

All days dropping....mampus

Posted by samerkl > 2023-01-05 12:17 | Report Abuse

i am waiting to collect some at 1.50s level...............

Posted by nasgee > 2023-01-05 15:22 | Report Abuse

comingggg fasterrr vrommm

Posted by xuxu > 2023-01-05 16:13 | Report Abuse

hehe don't hold long, locked my small profit

Posted by YourQuirkyWays29 > 2023-01-05 17:53 | Report Abuse

LOL

Posted by AnwarKawKaw > 2023-01-05 20:33 | Report Abuse

Limit up soon, road to RM4 and above, wakahkahkah

Posted by nasgee > 2023-01-06 08:59 | Report Abuse

lock profit firstt buy new shirt 4 CY..haaaa

Posted by Sslee > 2023-01-06 10:11 | Report Abuse

Gloves - No End to Drought
Author: kiasutrader | Publish date: Fri, 6 Jan 2023, 9:34 AM

Reiterate UNDERWEIGHT. The massive overcapacity in the global glove market means that low selling prices and depressed plant utilisation will likely persist throughout 2023. Adding salt to the wound is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices. We beg to differ from the view of Malaysian Rubber Glove Manufacturers Association (MARGMA) that the industry will turn the corner in 2023 as our demand supply forecast shows that it will take at least another two years of consistent demand growth to fully fill the current excess capacity in the industry. We believe that the pivot is more likely to happen in 2024 and do not have any top pick for the sector.

We are less optimistic than industry players. MARGMA projects a 12%-15% growth in the global demand for rubber gloves annually from 2023, following an estimated 19% contraction to 399b pieces in 2022. It believes the supply-demand equilibrium may return in 6-9 months. However, we beg to differ, expecting the overcapacity situation to persist at least over the next two years.

Based on our estimates, the demand-supply situation will only start to head towards an equilibrium in 2025 when there is virtually no more new capacity coming onstream while the global demand for gloves continues to rise by 15% per annum underpinned by rising hygiene awareness.

Overcapacity to widen further in 2023. We project the demand for gloves to rise by 15% in 2023, which is consistent with MARGMA’s forecast. However, this will do little to ease the overcapacity situation as the global glove production capacity will grow by 16% to 595b pieces during the year as more capacity planned by incumbent and new players during the pandemic years—enticed by super-fat margins that had eventually evaporated—finally comes on-line. This will result in the excess capacity rising by 22% to 137b pieces from 112b pieces in 2022. The widened overcapacity means low prices and depressed plant utilisation will likely persist in 2023.

Not helping the already dire situation is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices.

Our 2023 forecasts assume: (i) an ASP per 1,000 pieces of USD20, translating to an estimated 10% decline over 2022, and (ii) an average plant utilisation of 50% vs. an estimated 60% in 2022. During the 2014/2015 downturn, ASP of nitrile gloves went as low as USD17/USD18 per 1,000 pieces while industry utilisation was at 65%/70%.

We advocate investors to avoid the sector for now and not have any top pick for the sector.

Source: Kenanga Research - 6 Jan 2023

Posted by Endgame > 2023-01-06 14:54 | Report Abuse

Breaking news: Local investment bank highly recommends to avoid glove stocks for Topglove and Harta due to extreme overcapacity.

Posted by Endgame > 2023-01-06 14:55 | Report Abuse

Breaking news: Foreign funds continue accumulating glove stock Topglove and Harta.

Posted by vinceAust > 2023-01-06 15:22 | Report Abuse

Local Investment Bank vs Foreign Funds... The Winner is :........

Posted by xuxu > 2023-01-06 16:46 | Report Abuse

glove only can play day trade luckily locked profit yesterday, will buy back 1.6 to make it another round

Posted by vinceAust > 2023-01-06 17:09 | Report Abuse

Know the difference between investing and gambling....

Posted by Endgame > 2023-01-06 17:12 | Report Abuse

Breaking news: Most of the contra player suffered significant loss due to dumping to press down share price by institutional fund which is shorting position for Topglove and Harta. Nevertheless, foreign funds continue buying in weakness.

Posted by NatsukoMishima > 2023-01-06 17:45 | Report Abuse

Can u prove that foreigner is buying ? Or just own talk own syiok !

Posted by NatsukoMishima > 2023-01-06 17:46 | Report Abuse

Harta is not value stock anymore , it is gambling stock now , cut vege daily , ha ha ha !

Posted by NatsukoMishima > 2023-01-06 17:47 | Report Abuse

1 time let u win but other 9 loss !

Posted by gnail > 2023-01-08 17:46 | Report Abuse

yea, harta is still overpriced due to the low eps

Posted by Income > 2023-01-08 18:41 | Report Abuse

Wah, so long still tak naik?

Posted by bang_miskin > 2023-01-08 18:43 | Report Abuse

If you think Harta is overpriced, then please short this counter hard. You earn your money and I can buy at RM1.20. Deal?

Posted by Endgame > 2023-01-08 23:44 | Report Abuse

Breaking news: Local institutions continue short position to Harta and Topglove and progressively released bad news in the media

Posted by Endgame > 2023-01-09 10:38 | Report Abuse

Breaking news: Foreign funds continue buy more Harta and Topglove despite local institutional funds on short position

Posted by Income > 2023-01-09 11:07 | Report Abuse

Why like this?

Posted by YourQuirkyWays29 > 2023-01-09 12:35 | Report Abuse

Shorties go brrrrr please, bullets are ready :)

Posted by AnwarKawKaw > 2023-01-09 16:14 | Report Abuse

Limit down kahkahkah

Posted by Income > 2023-01-09 23:20 | Report Abuse

Bursa good but Harta can’t up. How???

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

Tewnama !!! hari-hari tidur aje..............!!! CCB x n times !!! Pui !

Posted by gnail > 2023-01-10 12:45 | Report Abuse

bang_miskin,
hahahaha, ok , deal!

Posted by WMY2188 > 2023-01-10 14:58 | Report Abuse

Bungkuss...la ini macam

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

If based on forward eps 4 x most conservative pe 30, the enter price of harta should be
rm 1.20 , now closing 1.58, think about that...........

Posted by Endgame > 2023-01-10 22:17 | Report Abuse

Breaking news: Local institutions fund's successful press down Harta and Topglove through the nagative news released from the media. Most of the contra player suffer tremendous loss from the intra day press down. Foreign fund's indicators showing continued buy in weak price.

Posted by samerkl > 2023-01-11 10:03 | Report Abuse

Are u kidding me@Endgame ? I can't believe this bullsh*t !!

Posted by wisdomtot > 2023-01-11 10:18 | Report Abuse

Endgame may be right... though not sure where he got his breaking news from =) Anyone onboard for round 2? Let's go..

Posted by samerkl > 2023-01-11 10:25 | Report Abuse

Are u f**king kidding me@wisdomtot ? You too ? Spreading lies .............

Posted by wisdomtot > 2023-01-11 11:50 | Report Abuse

Chill @samerkl... no point spreading lies.. everyone can enter trades when the risk reward is deemed good enough.... i just thought current technicals seem encouraging..if go south, then just cash out and wait for next opportunity..

Posted by bang_miskin > 2023-01-11 12:10 | Report Abuse

Low ASP, high cost and oversupply issue means that profits will remain low for some time. This is why this counter is cheap, nobody knows when the sector will recover. Maybe end of this year, maybe in 2024.... who knows. During this time someone will occasionally goreng this counter, causing price to temporarily increase. If you don't want to hold, looks for opportunities to sell on strength. If you want to buy, go ahead, but keep in mind that price may further deteriorate. This is the stock market. Can't take the risk, go buy fixed deposit or unit trusts and call it a day.

Posted by fortunefire > 2023-01-11 12:14 | Report Abuse

get ready for onboarding

Posted by nasgee > 2023-01-11 15:00 | Report Abuse

vrommmm

Posted by Endgame > 2023-01-11 16:38 | Report Abuse

Breaking news: All the world wide glove manufacturers start ramping up production after demand recovery. Most of the hospitals already used up the last year old stock, and start the new order purchasing, commented by one of the industry expert

Posted by samerkl > 2023-01-11 16:46 | Report Abuse

Tewnama! Where on earth you get all these breaking news@endgame ? CCB x n times!! Fake news !!!

Posted by vinceAust > 2023-01-11 16:54 | Report Abuse

Everyone claims to be an expert.
Self-Proclaimed Experts More Vulnerable to the Illusion of Knowledge...lol

Posted by NatsukoMishima > 2023-01-12 08:22 | Report Abuse

China already fully open how many billions glove they will add more to the world !

Posted by Endgame > 2023-01-12 09:15 | Report Abuse

Breaking news: Expert from institutions fund manager advise retailers not to trade contra or short term as the shorting of Harta and Topglove in an increasing trend due to the expected stock price will continue trading downward. This trend will continue till end of 2024 expectation

Posted by stockraider > 2023-01-12 11:54 | Report Abuse

Do not listen to all those soohhaii analyst....better to accumulate mah!

Posted by kl_guy > 2023-01-12 12:06 | Report Abuse

never hear from fund manager ask to sell when glove counter at the peak. now at bottom ask to sell. giler

Posted by vinceAust > 2023-01-12 12:17 | Report Abuse

Have you ever heard of why are fund managers so awful at their job? In fact, fund managers have little true accountability.

Posted by NatsukoMishima > 2023-01-12 12:56 | Report Abuse

Fund managers wake up faster than glove tatds n already dump last 2 years because they know chins glove will concur the world soon !