Do u know y today all other 3 glove stocks up peanut but harta only keeps dropping because the market consencus price value for harta is below rm 1 ! When qr out u got no way to run !
Natsukomishima, I think I agree with you..If next few qtrs loss, maybe no more dividends and share price sure go down southwards. Past dividends looks lucrative at current prices. So, depends on how smart is management to deal with current situation. Good luck to all bullish on this counter !?
China now also producing gloves. Turnover of Harta reduced quite a lot. Directors predictions that glove demand will go up is only a prediction..So it could be a subset industry as more and more players come in, especially from China !!
Breaking news: Harta confident the worst is over and 2023 is the cycle to bottom out from the unfavourable business environment. 2023 expected to break even or minor profit from the high depreciation cost.
The only potential catalyst is the next qtr result, provided the result is better than expected. For now, it may trending down. Expected poor result announcement by competitors may drag this down further.
@natsuko, want to sell harta at real value? im ready to buy. still no DMs. too expensive la now, your offer of penny stock is cheaper. I give you 20% bonus ok? i offer 1.2.
Next few quarterly reports will be crucial. For now just sit back and wait for an uptrend.
Some people here take troll comments too seriously. It's a fun way to kill time, since prices ain't going up anytime soon. I also wish the trolls are correct. Been waiting for a long time to buy Harta at the RM0.9X price range.
Yeah Q4 should be a loss, likely bigger than Q3 judging by the trend. So the next few reports will be crucial. A fast recovery drive up prices,while a prolonged slow recovery means that price will stagnant and downtrend in the short term. For now we're playing the waiting game, collecting more when price reached new low.
The losses will only continue until we see all these smaller companies and newbie quit the industry, the best time to buy is when GKent, MahSing and etc announce they are selling their glove business or closing it down. Until then, these smaller glove co are throwing prices, they can since glove is not their core business. Question is for how long?
Exactly @stockraider we collect because prices are cheap. Will it be cheaper? Maybe, but I am not fortune teller. When Harta starts to report profit, prices wouldn't be at RM1.5X.
@BursaVulture Nobody knows for sure. Maybe 2024, 2025 or even later. But when investors can accurately predict recovery period, price will shoot up. Just here to bottom fish. It's a gamble, but I reckon my odds here are better than in Genting.
Many investors also have the same thinking of holding it for 5 years when the price crashed and tumbled in 2020. I am sure many were caught at much higher price.
Yes, bang_miskin....You are right. If financial down affecting profits due to oversupply from new Chinese production, then it is a real gamble. So, have to tread carefully. It may not recover and we will be stuck long time!!
I will start buying when Natsuko call buy Harta!!! ____________ I will only buy this sunset past tense business if microsoft , apple , tesla , amazon all bankrupt !
@valueinvestor33 while what you say are true, the context is pretty different. Entering at the peak not knowing that PE is understated due to abnormal profits and subsequently got trapped; vs. entering now thinking that bottom is relatively near, eventhough both holders may have intention to hold for 5 years, but context are very very different.
While I'm a believer that Harta will come out of this, I will still tell people not to buy if you are looking to profit in 1 year or less. Just go to other uprising industry for better short term chances.
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....
YourQuirkyWays29
854 posts
Posted by YourQuirkyWays29 > 2023-02-02 13:43 | Report Abuse
DM me if you dare to put your money where your mouth is at. We can do a forward arrangement to buy-sell Harta at 99sen after next QR, deal?