IBs TP range from 1.20 to 2.15 and you flers try to be optimistic and only wishful comments. Lets face the reality that gloves stocks will not regain even 20% of its peak. Just sell it when its near the RM2 level if at all it reach that level again. You really need to trade gloves stocks under current circumstances no ill feeling just a piece of advice. Having said that Harta is the best among the gloves counters but it will not perform others may become penny stocks thats for sure
As stated before, IB's TP is reactive not predictive. Your reality of gloves stocks not regaining even 20% of its peak, for Harta would be RM3.4. Any timeline? Within the next 3 months? 6 months? 1 year? never?
I would agree with you that the likelihood is extremely low for 6 months, and still low for 1 year. But never? I dont buy that. And yes, I do not agree that Intco's market share will takeover the entire Malaysia.
@YourQuirkyWays29 there is zero chance for Harta stock price to recover and reach RM3.40 within the next 5 yrs. Tell me what is the catalysts for it to move ? Higher ASP by how much ? Another pandermic more severe than covid 19 ? nobody is hoping for that. Back to simple economics of supply and demand we know for certain that there are real overcapacity and it may take many years to normalise
until majority of the new comers starts closing down their factories, not sell, but close down, the market will be flooded with cheaper gloves for years to come. which new comer close down their glove factory?
People with wishful thinking always do not have a balance head. Why don't you quote Affin reseach and many other research houses instead of Margma hehe. After a month or so you will be staring at your loses if you don't trade your stock
0 chance for the next 5 years, and the supply and demand dynamic taking years to normalise? You're moving too slow. Supply demand have been off for about a year now, how long do you think a manufactured and stocked up glove will last before it expires? How low do you think the consumptions are? Without a pandemic, glove is still a growing sector, and competition is expected in a growing sector. The pandemic merely sped up the next few years' profit into 1 year, and now we are experiencing the effect of that. For this to last another 5 years? I'd disagree, but you can keep your opinion. From my POV, you do not have a balanced head as well. I agree to disagree with you, and I have my money where my mouth is at. If you're so confident that the stock is overvalued, and that everyone should sell, short it, I dare you. Don't just bark, its noisy. Shhh.
I would not offer my insights as to why I dont think IntCo can take over with their current way of running the business. And even if they change, what is the likelihood of them catching up to the experience our players that has been in the market for so long? I wont disclose it here because I simply do not want you to buy, and I do not want you to benefit from Harta's eventual increase. Keep shorting, keep selling. Dont let me catch you jumping ship, I'd laugh the shit out of your misery. :)
all those new glove factories/companies are still running, means supply will still be high. until these new factories close shop, dont expect global production to drop.
I really admired the operators and syndicates just yesterday they pushed it up to 2.05 but today the bring it down to 1.94. I would think most traders shares sendiri punya stock so along the way they sucked in those who chased at 2 to 2.05 !
Happy for you if you are making money :) but many has quoted that most traders lose money, maybe you are one of the rare gem. I refuse to believe that but I will give you a benefit of the doubt, random internet hater.
Been away for a few weeks, and came back with two surprises. First, I see Natsuko (aka the Japanese oracle/troll) has converted at least two new disciples, and are now singing his 'glorious' tune. Who knew this 'oracle' has such strong power, lol! Second, I am pleasantly surprised with the recent glove price in the past month, performing well beyond my expectation, lol! It's definitely not too late to jump onto the gravy train. Or even better, enter when it is below RM1, just as what "oracle Natsuko" has foretold, lol!
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....
titan3322
2,186 posts
Posted by titan3322 > 2023-03-31 11:57 | Report Abuse
IBs TP range from 1.20 to 2.15 and you flers try to be optimistic and only wishful comments. Lets face the reality that gloves stocks will not regain even 20% of its peak. Just sell it when its near the RM2 level if at all it reach that level again. You really need to trade gloves stocks under current circumstances no ill feeling just a piece of advice. Having said that Harta is the best among the gloves counters but it will not perform others may become penny stocks thats for sure