Posted by Aero1 > 2024-05-21 15:18 | Report Abuse

price will react further after reports by the analyst

Posted by Aero1 > 2024-05-21 15:21 | Report Abuse

thought this q higher USD should help but still loss margin. costs really run violent

Posted by Chipee > 2024-05-21 15:25 | Report Abuse

@Aero1 You should read the financial report instead of making assumptions.
Higher ASP and cost to ramp up NGC Sepang operation. Basically big operation moving from Bestari Jaya to Sepang. And lets not forget if Harta sell the industrial land/factory in Bestari Jaya, that could balance of the previous impairment losses.

Aero1
because not able to pass through higher cost now

Posted by KimSua > 2024-05-21 15:30 | Report Abuse

Ok lah, recovery will be there . Fluctuation is as expected, it cost money to ramp up the lines...important sales are back

Posted by Aero1 > 2024-05-21 15:38 | Report Abuse

i remember used to be able to pass through cost from hike in raw material, electricity tariff, labor cost or natural gas but not now when everyone is just running 50%

Posted by Chipee > 2024-05-21 15:51 | Report Abuse

@Aero1 Was that before covid. I think US and Euro loosen their regulation for covid. But now they slowly filter out gloves that don't meet their standards. Especially glove thickness (quality). US big buyers will like to buy from China at lower cost. But if their shipments keep getting block, this will deter them and order from Msia instead. THen Msia gloves can pass through the costs. These US big buyer need some "re-education" by US port-entry. LoL

Posted by YourQuirkyWays29 > 2024-05-21 18:00 | Report Abuse

Fingers crossed and keep waiting it is, glory will be back one day :)

Posted by TaiMeiLi > 2024-05-21 20:20 | Report Abuse

glove demand will gradually normalise to pre-pandemic levels and expand further, according to the management
https://theedgemalaysia.com/node/712443

Posted by NatsukoMishima > 2024-05-21 21:12 | Report Abuse

Taimeili , u should listen to me to vstecs , ranhill , swift haulage , dnex , iwcity !

Posted by monetary > 2024-05-21 21:24 | Report Abuse

i think back to 3 is more likely

Posted by KimSua > 2024-05-21 21:26 | Report Abuse

HARTA declare operating expenses is higher due material, gas and other operating costs. Infact increase from yoy. Yet KOSSAN is able to ramp up with lower operating cost with less revenue increase. Hopefully is due to decision to set up new lines that has yet to be utilised in the Bestari line

Posted by monetary > 2024-05-21 21:26 | Report Abuse

short seller will target gloves

Posted by Chipee > 2024-05-21 22:22 | Report Abuse

Hahahaha .....

NatsukoMishima

Taimeili , u should listen to me to vstecs , ranhill , swift haulage , dnex , iwcity !

Posted by 754232 > 2024-05-22 09:11 | Report Abuse

is hartalega financial report good ?

Posted by NatsukoMishima > 2024-05-22 23:33 | Report Abuse

High level president VIP room guest should take this opportunity to break even n run , once over u will be wait for 100 years !

Posted by Michael Lee > 2024-05-23 09:40 | Report Abuse

Results above expectations
HART’s 4QFY24 core net profit of MYR1.8m (-97% YoY, -91% QoQ) was above
expectations. Management has turned more positive on the sector outlook
given improving glove demand and the ability to pass on additional raw
material cost to its customers. Plant utilisation rate [UR] has improved to
73% in 4QFY24 on 31b pcs annual capacity. We raise FY25-26 earnings
forecasts by 19-35%. Our TP is also raised to MYR4.50 TP (+14sen) on
unchanged 3.2x rolled forward CY26E P/B. BUY

Posted by Michael Lee > 2024-05-23 09:45 | Report Abuse

Earnings adjustments
We raise FY25/26 earnings forecasts by 35%/19% on factoring in: i) actual
FY24 results, ii) better utilisation rate of 80%/80% (from 75%/80%) and iii)
higher production capacity of 36b/37.5b pcs p.a. (from 31b) for FY25/26.
We also introduce FY27 earnings forecasts. Balance sheet stays strong with
MYR1.4b in net cash (MYR0.40/sh) end-Mar 2024. We peg HART valuation
to its historical PBV mean of 3.2x.

Posted by SonniaFang > 2024-05-23 10:14 | Report Abuse

the positive bottom line was supported by higher interest income, foreign currency exchange gain and reversal of certain provisions no longer required during the period

Posted by YourQuirkyWays29 > 2024-05-23 10:54 | Report Abuse

The results for me personally are a little disappointing, the revenue shown growth as indicated by the export volumes, but the increased revenue did not translate to increased profit. The reason given that is due to increase in cost does not bode too well with me as well because this indicates difficulty in pricing that still very much prevalent.

I had an expectation that we are already in recovery mode and will be able to price higher going forward, guess we will have to wait and see, the effect of the new tariff announcement should trickle in over the next 2 years as we slowly crawl to 2026 as buyer and sellers slowly adjust their buying pattern to suit the new tariff days starting 2027.

Let's see.

Posted by Gaussian > 2024-05-23 13:08 | Report Abuse

When you are disappointed that means price drop. lol

Posted by Aero1 > 2024-05-23 13:39 | Report Abuse

https://theedgemalaysia.com/node/712645
Hartalega to face massive industry oversupply even after 4Q turnaround, say analysts

Posted by Aero1 > 2024-05-23 14:40 | Report Abuse

can buy again when it gets low enough

Posted by Aero1 > 2024-05-23 14:40 | Report Abuse

it is no doubt a well managed company

Posted by YourQuirkyWays29 > 2024-05-23 15:48 | Report Abuse

@Gaussian still more than RM1 ABOVE your RM2.3 prediction 2 months ago. sau pei la lei. wrong so many times liao still got face to show up, super thick face you have.

Posted by YourQuirkyWays29 > 2024-05-23 15:50 | Report Abuse

@Aero yeap after every run there will be correction days if expectations not met. just ride the wave, coming from RM1.5, confident to say I've seen the worst days.

Posted by TaiMeiLi > 2024-05-23 16:38 | Report Abuse

YourQuirkyWays29, just drink some coffee and enjoy our green portfolio in our glove investments. That Gaussian will always say drop one, even now Harta's share price is above RM3

Posted by superfra7 > 2024-05-23 16:49 | Report Abuse

time to enter some harta

Posted by monetary > 2024-05-23 16:55 |

Post removed.Why?

Posted by YourQuirkyWays29 > 2024-05-23 16:57 | Report Abuse

@Taimeili Yeah now got another joker monetary that probably sell too early and missed the boat.

@monetary RM3 is a drop for you, but its a 100% up for me. :) no frogs found

Posted by monetary > 2024-05-23 17:05 | Report Abuse

naive. refuse to accept the facts. all facts are in black & white. sale is in tandem with export data but earning going down. same as kossan.

Posted by monetary > 2024-05-23 17:06 | Report Abuse

I wish i sold at 3.9x instead of 3.6x. $3 i will buy back

Posted by YourQuirkyWays29 > 2024-05-23 17:15 | Report Abuse

ehh, not denying what you say could happen @monetary. Just that RM3 is still good case for me, and taking advantage of the 15% difference between RM3 & RM3.5 is not worth the risk of what if this guess is wrong.

Posted by pjflower > 2024-05-23 17:29 | Report Abuse

Harta recently starts inviting many supplier/designer to visit them to supply/design new equipment / machineries, is a good sign of recovery. action is better than shouting.

Posted by derricksyl > 2024-05-24 12:35 | Report Abuse

LOOK WILL BREAK BACK BELOW 3.00

Posted by Aero1 > 2024-05-24 13:01 | Report Abuse

the price was hovering around 3 before the tariff news and in anticipation of a much better q result. assuming the US did not impose the tariff, i think the price would have fallen below 3. just how much the tariff could help to recover back the loss market share, no one has the crystal ball. but one thing quite sure is that one can't be dominant anymore when the chinese is in.

Posted by NatsukoMishima > 2024-05-24 13:12 | Report Abuse

Aero1 has clear mind than tards !

Posted by titan3322 > 2024-05-24 13:52 | Report Abuse

I don't think it will fall below RM 3 again. Risk takers should buy some at this level

Posted by YourQuirkyWays29 > 2024-05-24 14:16 | Report Abuse

Well well well, when it fell from 2.9 to 2.4, it felt like shit, but now we are falling from 3.8 to 3.4. It's ok la, just wait. I have time.

Posted by Mini2021 > 2024-05-25 07:43 | Report Abuse

THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

Posted by Mini2021 > 2024-05-25 07:46 | Report Abuse

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

Posted by Aero1 > 2024-05-27 09:37 | Report Abuse

supermax will face greater challenges with the US factory

Posted by YourQuirkyWays29 > 2024-05-27 10:25 | Report Abuse

Wow wow wow, low volume but big drop. Keep calm and hodl.

Posted by monetary > 2024-05-27 10:50 |

Post removed.Why?

Posted by titan3322 > 2024-05-27 10:50 | Report Abuse

Wah 3.27 pun dapat 😄

Posted by YourQuirkyWays29 > 2024-05-27 11:30 | Report Abuse

frog? why so?

Posted by NatsukoMishima > 2024-05-27 13:10 | Report Abuse

Shift to ranhill , swift haulage , dnex ,vstecs , iwcity for multifold gains !

Posted by Albukhary > 2024-05-27 14:11 | Report Abuse

I sold my 5000 shares of Harta two weeks ago at 3.76.
Maybe Its time for me to buy back at 3.26?

Posted by YourQuirkyWays29 > 2024-05-27 14:56 | Report Abuse

@Natsuko i already multifold, no need to shift.

Posted by YourQuirkyWays29 > 2024-05-27 14:57 | Report Abuse

if i follow your advise 2 years ago to buy dnex/swift, i will have to fold myself, not multifold.

Posted by TaiMeiLi > 2024-05-27 16:32 | Report Abuse

Still hold it and believe Harta will achieve RHB's TP 😊