Posted by Albukhary > 2024-07-29 00:37 | Report Abuse

August will be the month for Glove Counter to outperform.
Harta have chance to hit RM3.70.

Posted by TaiMeiLi > 2024-07-29 18:33 | Report Abuse

Harta will make hundreds of millions of MYR in FY2025 😊

Posted by Chipee > 2024-07-29 23:16 | Report Abuse

KENANGA is your best friend I know. They always down play glove. By the way, the chart for 'DEMAND' does not account for Malaysia cut production capacity in 2023/24. Also other player like Thailand and China cutting production. Their valuation is the most ridiculous bcoz they don't take account on cash holding in Kossan and Hartalega.

NatsukoMishima

https://www.klsescreener.com/v2/news/view/1362621

Posted by YourQuirkyWays29 > 2024-07-30 10:37 | Report Abuse

@TaiMeiLi, 2025 is finally almost here, the supposed year where glove supply and demand equilibrium is expected to balance out.

@Chipee I'm not overly optimistic about the Aug QR though. Better be prepared for the worst, and hodl, better things will come. US election later this year could bring in some irrational buyers.

Posted by Chipee > 2024-07-30 10:44 | Report Abuse

Yeah, This is for the long run. But I don't have Harta. I have Kossan.

YourQuirkyWays29

@Chipee I'm not overly optimistic about the Aug QR though. Better be prepared for the worst, and hodl, better things will come. US election later this year could bring in some irrational buyers.

Posted by SonniaFang > 2024-07-30 16:20 | Report Abuse

I expect Harta will make a net profit of between RM30 mil - 50 mil in upcoming quarter

Posted by dawchok > 2024-07-30 16:28 | Report Abuse

https://www.malaymail.com/news/money/2024/07/30/maybank-ib-downgrades-glove-sector-to-tactical-positive-amid-persistent-challenges/145445

Posted by dawchok > 2024-07-30 16:31 | Report Abuse

Maybank ib visited Intco and Blue sail in China and concluded Malaysia gloves uncertainty.

Posted by dawchok > 2024-07-30 16:36 | Report Abuse

However TP to Harta by MBB is still at RM 4.28. Not bad if you agree to it.

Posted by YourQuirkyWays29 > 2024-07-30 16:43 | Report Abuse

Interesting that they actually went there and sighted the factories. But like what was mentioned in the article, no one knows what the China glovemaker's market strategy moving forward. Given that there's so much geopolitical uncertainty nowadays, i would think that playing it safe and building reserves is the way, but who knows, maybe they'll keep being aggresive and hope that they can expand + keep their current market share.

Posted by dawchok > 2024-07-30 17:05 | Report Abuse

Intco ventures into Indonesia and so far the progress is good and Intco is optimistic. But some industry players foresee Intco will face challenges as many others encountered in Indo.

Posted by dawchok > 2024-07-30 17:06 | Report Abuse

Indo was chosen for coal burning which is cheaper than gas burning in Msia and Thai.

Posted by Babyking > 2024-07-31 07:49 | Report Abuse

not bad. at least have 0.35 sen dividend

Posted by Chipee > 2024-07-31 08:29 | Report Abuse

The only fear of China gloves is them undercutting in ASP. Lets think this logically.

TopGlove ASP is $17. Operational Loss
Hartalega ASP is $21. Operational Loss
Kossan ASP is $16. Operational Profit
China ASP is $16. Operational Profit

Logic 1:
Is China operation so cost effective and "special" that they are still in operational profit although selling at lower ASP?
Answer is NO. If that is true, then Kossan should be in operation loss like other Msian gloves company. Since Kossan is making operational profit, this can only mean LOWER ASP are STEALING ORDERS from HIGHER ASP glove makers. Demand being limited, hitting the right volume will make operational profit. China "high tech" operation is NOTHING SPECIAL. Hartalega and Kossan have automation in their production. They are also very "high tech".

Logic 2:
Can China expanded production capacity kills Msia glove makers by stealing orders with lower ASP?
Answer is NO. Four biggest Msian glove companies had already cut production capacity in 2023/24 to reduce losses. So if China expand bigger, the higher FIXED COST will bring their operation to losses. Glove is a thin profit margin product. It's balance between ASP and VOLUME to be profitable. China cannot afford to lower their ASP further (Back to Logic 1: China "high tech" is not special).

Logic 3:
Then why China expanded their production capacity?
Bcoz of covid, ALL glove makers expanded their production capacity. China had zero-covid policy which extended the life of their expanded capacity. China will make losses if TopGlove and Hartalega lower their ASP to $16. This will easily kill of China glove makers. It is all about GETTING THE VOLUME ORDER or demand increases. If China is smart, they too should reduce production capacity (But apparently, they are not).

China only has ONE tactic ... throw price. But US tariff of 25% in 2026 will kill them. If Donald Trumps win, 60% tariff will definitely kill them and we don't need to wait until 2026. Lets hope Trump wins.

Posted by Chipee > 2024-07-31 08:41 | Report Abuse

US market covers 30% of global glove demand. But higher tariff will improve Msia glove ASP significantly and GETTING 30% of the GLOBAL VOLUME ORDER.
$16 x 1.25 = $20.
Msia just need to sell at $19 to kick China's order out of US.
China glove will definitely go into LOSSES with LOWER VOLUME.

As for 70% of the global market, Malaysia can just follow China's price to be competitive.

Posted by Chipee > 2024-07-31 08:51 | Report Abuse

The biggest joke is Maybank analyst visited China production and got glittered eyes. They see touchscreen and "high tech" stuff and they lost their minds. Ridiculous ..... 😂

Posted by SWT1988 > 2024-07-31 09:18 | Report Abuse

what happened to harta? going back below 2.50 again?

Posted by SWT1988 > 2024-07-31 09:32 | Report Abuse

hopefully can tahan above 2.90

Posted by Chipee > 2024-07-31 09:37 | Report Abuse

Maybank report on China gloves spooked them. The Star paper.

SWT1988

what happened to harta? going back below 2.50 again?

Posted by YourQuirkyWays29 > 2024-07-31 10:39 | Report Abuse

Negative reaction to dividend, surprising. I took it positively though, sending me positive signals that management is confident with their cash reserves.

Posted by YourQuirkyWays29 > 2024-07-31 10:42 | Report Abuse

Huge volume, should be institutional investor exiting.

Posted by godhand > 2024-07-31 10:51 | Report Abuse

nothing to do with dividend la. dp 60% u can literally count the dividend

Posted by Cerubic > 2024-07-31 11:59 | Report Abuse

35 sen, not bad...will definitely attend the coming up AGM, date just nice before my year end backpacking overseas trip

Posted by SWT1988 > 2024-07-31 12:00 | Report Abuse

@Chipee, thank for the info. Technical rebound after touching oversold position this morning. Bad if closing weak today

Posted by Babyking > 2024-07-31 12:56 | Report Abuse

not 35 sen. but 0.35 sen


Cerubic 35 sen, not bad...will definitely attend the coming up AGM, date just nice before my year end backpacking overseas trip
31/07/2024 11:59 AM

Posted by NatsukoMishima > 2024-07-31 13:12 | Report Abuse

China can beat apple , tesla elon musk , what difficult to beat malaysia peanut glove company ! Still dreaming in 2020 , that s y people call u glove tard !

Posted by NatsukoMishima > 2024-07-31 13:12 | Report Abuse

Hold longer lost bigger !

Posted by Chipee > 2024-07-31 13:25 | Report Abuse

Hahaha ... I knew this Natsuko will reappear.

Posted by Cerubic > 2024-07-31 13:46 | Report Abuse

...salah tulis 0.35 sen :>...with dividend is better than with no dividend at all :)

Posted by Cerubic > 2024-07-31 13:49 | Report Abuse

Still a gem in my tabung melabur...long term investment receiving dividend every now and then :)

Posted by Aero1 > 2024-07-31 13:55 | Report Abuse

a gem only when they are able to differentiate distinctly from those in china

Posted by Cerubic > 2024-07-31 13:59 | Report Abuse

Not big shot investor, just a lonnnnnnnnnng term investor and comfortable with the return so far...don't know why the naysayers still continue mentioning losses when the company is still kicking and alive as of to date

Posted by NatsukoMishima > 2024-07-31 14:13 | Report Abuse

Ringgit up , malaysia glove peanut profit will also gone bro ! Good luck to all ! The worst is yet to come !

Posted by NatsukoMishima > 2024-07-31 14:16 | Report Abuse

Wah , RHB want bring u all to holland !

Posted by Cerubic > 2024-07-31 14:18 | Report Abuse

Boring same old same ...the big China....definitely they are the best of the best....but totally shooting down all the global competitors...is it possible? Simple as it is, you want to sell doesn't mean everybody will buy...like the US imposing tariff on China products....most important is how well the company withstand the challenge against them and surviving in the long term.

Posted by Cerubic > 2024-07-31 14:24 | Report Abuse

Gem in my tabung melabur only :) but maybe poison for others...it is up to all the intelligent investors to decide on their own investment, it is afterall their hard earned cash in their own pocket

Posted by YourQuirkyWays29 > 2024-07-31 14:59 | Report Abuse

Cheers Cerubic, we just keep waiting. :)

Posted by Cerubic > 2024-07-31 15:04 | Report Abuse

Hello Quirkyways...attending the coming up AGM on Sept. Door gift probably the same a box of COAT gloves :>

Posted by Cerubic > 2024-07-31 15:12 | Report Abuse

Hopefully this time they can change the door gift to BDG, definitely want to try it on the new product

Posted by Cerubic > 2024-07-31 15:26 | Report Abuse

A company established since 1988 surviving the up and down in the market till to date led by a family clan, doing a great job in ESG and CSR while at the same time rewarding the shareholders from time to time via dividend is a good deal for me the small potato long term investor :). Majority here are talking bout numbers, analysis and predictions on a company that is still very much kicking and alive ain't my cup of tea. I'm no tukang tilik or bomoh. Just follow up every now and then if there are any birdies news of the company touch wood goin down under or negative report on the accounts then it is a big news :>

Posted by TaiMeiLi > 2024-07-31 17:58 | Report Abuse

Act calmly and rationally when Harta drops like that 😌

Posted by JovaneChua > 2024-07-31 18:57 | Report Abuse

don't worry, Jovane is here, all gloves will rebound tomorrow, I will lead.

Posted by JovaneChua > 2024-07-31 18:57 | Report Abuse

I focus on Top and Harta

Posted by JovaneChua > 2024-07-31 19:03 | Report Abuse

cannot let those short sellers and IB bully us like this

Posted by JovaneChua > 2024-07-31 19:03 | Report Abuse

let's give them climax this round

Posted by JovaneChua > 2024-07-31 19:05 | Report Abuse

大家一起保护手套股！！！！

Posted by JovaneChua > 2024-07-31 19:07 | Report Abuse

不要再让他们乱乱来了。你们是白痴吗？中国手套厂先进这件事你们第一天知道？你真的好像那班maybank ggb analyst 那么天真无邪，好像第一天发觉到中国这个地方？想一想吧！

Posted by JovaneChua > 2024-07-31 19:09 | Report Abuse

一次又一次，一轮又一轮，一样的手法，真他妈的，你们还信，亏着也卖便宜票给他们收，你们有脑的吗？去打个飞机/搓一搓小穴和痘痘那边，爽一轮，清醒了，明天好好守护手套股。

Posted by Chipee > 2024-07-31 19:21 | Report Abuse

From USTR's public opinion on the tariff, the hospital association said to have difficulty finding alternative to syringes suppliers outside China. I am hoping USTR will delay syringes tariffs and replace with gloves instead for this Aug. They extend the review for 2 more weeks on the matter. We will know in 14 Aug.

Posted by YourQuirkyWays29 > 2024-08-01 10:47 | Report Abuse

Yeah I trust my analysis, nothing has changed, holding.