Posted by Chipee > 2 months ago | Report Abuse

godhand .. agree with you. Can you name other companies that can compete in world stage?

Posted by gohkimhock > 2 months ago | Report Abuse

I did not say Harta is bad. Only it's valuations is too high at such profit.

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

Damn i missed the boat this time, thought there would be lower, such quick rebound.

Posted by TaiMeiLi > 2 months ago | Report Abuse

I guess you didn't collect enough when Harta was Rm1.xx something, YourQuirkyWays29 😁

Posted by NatsukoMishima > 2 months ago | Report Abuse

Good luck to all ! Hope tomorrow wont throw back all your gains !

Posted by Sslee > 2 months ago | Report Abuse

EPS of 0.94 sen and dividend of 0.35 sen.
Is that a good result?

At RM 2.65 are you paying for the future earning by year XXXX?
With RM strengthen will it erode the profit margin?

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

@TaiMeiLi I thought it was enough then, but I got more money now xD

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

hahahah as though Natsuko is genuinely hoping Harta wont drop. #majordoubt

his stock picks all still eating sand

Posted by Chipee > 2 months ago | Report Abuse

Nikkei down again ... 800 points .. Will today down?

Posted by godhand > 2 months ago | Report Abuse

EPS of 0.94 sen and dividend of 0.35 sen.
Is that a good result?

its only a bad result if its going to remain as such.

if u use china as the reason i can still accept
-100% utilization rate
-probably going to get 30b credit line from the government
-expansion
-why they can sell 20-30% cheaper

i do agree everything from quantitative point of view the price doesnt make sense. investing is a qualitative game

Posted by SWT1988 > 2 months ago | Report Abuse

slowly up for people to chase? what happen if suddenly middle east conflict start?

Posted by SWT1988 > 2 months ago | Report Abuse

not sure harta will drop below 2.00 during this downtrend or not but for sure Iran will take action against Israel

Posted by Sslee > 2 months ago | Report Abuse

Is investing a qualitative game?
Are you prepare to pay RM2.60, based on its 3-year average pre-Covid forward PE of 27x, pegged to CY26F EPS of 9.6sen?

Precovid Harta is growth stock so deserved a PE of 27x. Post covid it is survival of the fittest:

"BIMB Securities said it remains concerned about the broader rubber glove industry's recovery to pre-Covid levels.
This includes structural issues, particularly the oversupply resulting from massive production by Chinese manufacturers that continue to pose significant challenges"

KUALA LUMPUR (Aug 7): BIMB Securities has upgraded Hartalega Holdings Bhd (KL:HARTA) to a “hold” recommendation with a target price (TP) of RM2.60 after recent declines in the stock.

"Due to the recent decline in share price, we have upgraded Hartalega to a hold call from a sell, with an unchanged TP of RM2.60, based on its 3-year average pre-Covid forward PE of 27x, pegged to CY26F EPS of 9.6sen.," it said in a note on Wednesday.

This after Hartalega's 1QFY2025 core profit after tax and minority interest of RM31.9 million met its in-house expectations, accounting for 23.1% of BIMB Securities’ full-year forecast, but short of market estimates at 16.3%.

"We make no changes to FY25-27F earnings forecast," it added.

The research house said Hartalega is expected to sustain positive earnings driven by improved sales volumes and higher utilisation rates.

However, it noted that the rubber glove industry's recovery to pre-Covid levels faces hurdles due to structural issues and oversupply from Chinese manufacturers.

"We expect its earnings to return to pre-Covid level only in FY27/28F onwards

Posted by gohkimhock > 2 months ago | Report Abuse

"We expect its earnings to return to pre-Covid level only in FY27/28F onwards"

This is laughable. I can bet with you it will never return to pre-Covid19 level. Never.

Posted by CharlesT > 2 months ago | Report Abuse

Buy low sell high sell high buy low is the game plan for Glove Co lah...U can always make good chicken rice meals

Dont dumb dumb to be a so called long term value investor kaki kong kaki kong for Glove Co

Their Boss can make more money from goreng shares than selling glove

Posted by godhand > 2 months ago | Report Abuse

i guess only time will tell

Posted by CharlesT > 2 months ago | Report Abuse

Boss are cash rich...Co r cash rich...Co is making peanuts profit....n will continue for many many more years to come...

So what to do????

Goreng goreng very happy

Posted by NatsukoMishima > 2 months ago | Report Abuse

@gohkimhock

3,040 posts

Posted by gohkimhock > 1 hour ago | Report Abuse

"We expect its earnings to return to pre-Covid level only in FY27/28F onwards"

This is laughable. I can bet with you it will never return to pre-Covid19 level. Never.
_____________
U are smart than all the glove tards who still dreaming in 2020 ! Dont say return to pre covid , their yearly np cant even reach 100million !

Posted by SWT1988 > 2 months ago | Report Abuse

yalor. can easily make 20% profit if managed to pump up to 3.00 from below 2.50. Most big bosses prefer cash same like Warren buffett during this uncertainty time

Posted by godhand > 2 months ago | Report Abuse

gohkimhock

"We expect its earnings to return to pre-Covid level only in FY27/28F onwards"

This is laughable. I can bet with you it will never return to pre-Covid19 level. Never.

ok on i dont like to talk much. we revisit 10 years later. if harta keep growing or get demolished by intco.

Posted by godhand > 2 months ago | Report Abuse

economies of scale only work in volume. it has slashed its inefficient arm give it some time to grow back and further integrate. the margin will grow back over time

Posted by Cerubic > 2 months ago | Report Abuse

Invested day one, never expected to make big bucks but it just came ...up to now ain't expecting much as well, just the ordinary small potato investing money in a stable good reputable company, once in a while getting dividend contributing to my yearly backpacking overseas :)....aiyoh why always said long term investors expecting the same old same peak time return...as long as the company kicking and alive long term, win win for all..great management, good product, reasonably good dividend, good csr, esg is considered a good investment ...should be only for me :) small potato investor :>
Goreng2 or no goreng :> is all up to all the intelligent investors out there...in the end of the day it is all bout return into our own pocket short term or long term :)

Posted by SWT1988 > 2 months ago | Report Abuse

will b a joke if today closing red

Posted by NatsukoMishima > 2 months ago | Report Abuse

Take profit loh ! Later drop back to below rm 2 !

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

LOL jokers are back, red eyes. Earning forecasts is a he say she say, nobody has magic ball. Whoever confident that their prediction is 100% will come true is the laughable one. Everything has risk, everyone has their own estimate. If you are good at trading, go ahead, buy high sell low, but have you made 100% return doing that? If you simply bought at RM1.5 and waited, that is still almost 80% gain as of today, in such a bad market sentiment.

If you dont have magic ball, then just share your estimate, and dont judge others'. If you want to judge others, then so can others judge you. I would say those that say it is impossible to return to pre-covid days laughable. It is a matter of time - when it will, not whether. Unless you are predicting the whole glove industry in Malaysia to die.

If that is your prediction, then I would disagree with you. And I would wonder why are you here? Like Natsuko perhaps? Make a lot of losses in other counters and trying to make ppl sell glove to buy your co?

Who's laughable? R3tards.

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

@godhand yeah time will tell, but they wont be here to apologise for their wrong estimate on something that they didnt even put money in. This is call being irresponsible and going around fear mongering. I would ask them to stfu, diam 7.

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

Harta made 450million annual profit in 2019. FY2025 Q1 itself is RM32mil, 100% growth from previous qr and we know the market supply is not at equilibrium now (possibly still quite a bit before reaching equilibrium). And you are saying even after equilibrium, harta cant profit RM100m per quarter? IT will NEVER return to that level? Who is laughable?

If you are so negative about the industry, then go away la, come here for what? You're shorting? If yes, better put your money where your mouth is, then I will know when to cheer when you get squeezed.

Posted by TaiMeiLi > 2 months ago | Report Abuse

Will back to RM3 and above just like most IBs anticipate 😊

Posted by ccpool > 2 months ago | Report Abuse

Reclaim 2.83 and 3.16 will be sign of strength for me. Won't wet my pants just yet

Posted by CharlesT > 2 months ago | Report Abuse

Negative abt the industry but still can trade Glove Co for chicken rice from time to time

I guess there is no conflict right?

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

To each their own, you can do what you want CharlesT. There is no conflict. But I didnt say trade in Glove Co counter for chicken rice is dumb dumb. You're the one that say investing long term is dumb dumb, so I'm not sure who's the real dumb dumb.

Posted by CharlesT > 2 months ago | Report Abuse

Depends on who r eating free chicken rice n who is suffering paper loss I guess

By now lah

Posted by CharlesT > 2 months ago | Report Abuse

Mayb u make millions of profit in Harta 10 or 20 years fm now leh

Can eat abalone rice then n laugh

Posted by CharlesT > 2 months ago | Report Abuse

Just out of my curiosity, when did u start to buy or invest in Harta?

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

I started when Harta's price was crushing post covid, started catching falling knives at around RM4.

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

Idk bout you but I dont have hundreds of thousands laying around to potentially make millions from share investing.

If I have hundred of thousands laying around, I probably wont be here commenting on this random forum with random strangers.

Posted by gloveshapiro > 2 months ago | Report Abuse

Tp 3.50 can or not?

Posted by NatsukoMishima > 2 months ago | Report Abuse

Tp 3.50 can if China glove factory all close !

Posted by NatsukoMishima > 2 months ago | Report Abuse

Pre pandemic harta yearly np around 3 to 400 million , but after china glove challenge even 100 million also is a miracle for malaysia glove factory !

Posted by Chipee > 2 months ago | Report Abuse

When US tariff hit China. China gloves will close down. Don't worry. They are overcapacity.

NatsukoMishima

Tp 3.50 can if China glove factory all close !

Posted by Chipee > 2 months ago | Report Abuse

This Nutsaiko is blasting in every stock forum that he has no money to buy. 😂

godhand

Posted by NatsukoMishima > 21 seconds ago | Report Abuse

Tp 3.50 can if China glove factory all close !

u want to side bet? ah waste my time u have no track record

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

@Natsuko

Definition of miracle - an extraordinary and welcome event that is not explicable by natural or scientific laws and is therefore attributed to a divine agency.

If you take the latest quarter results and just x4, assuming no further growth, also can achieve 120m. So miracle is coming?

I'm convinced your brain is not working as intended.

Posted by TaiMeiLi > 2 months ago | Report Abuse

Local manufacturers are operating at 60%-80% capacity, up from 40%-70% previously, with the global supply expected to increase by 7.3 billion pieces in 2024, driven by capacity expansions from Hartalega Holdings Bhd (4 billion pieces), Top Glove Corp (3 billion), and Sri Trang Gloves Thailand (0.3 billion pieces). I am still optimistic about Harta's future

Posted by Heng Seng > 2 months ago | Report Abuse

Buy buy buy very cheap now
there are only 4 months left to 2025
2026 China glove all ban kao kao

Posted by Chipee > 2 months ago | Report Abuse

Demand must be increasing for them to increase capacity.

TaiMeiLi

Local manufacturers are operating at 60%-80% capacity, up from 40%-70% previously, with the global supply expected to increase by 7.3 billion pieces in 2024, driven by capacity expansions from Hartalega Holdings Bhd (4 billion pieces), Top Glove Corp (3 billion), and Sri Trang Gloves Thailand (0.3 billion pieces). I am still optimistic about Harta's future

Posted by YourQuirkyWays29 > 2 months ago | Report Abuse

@Chipee their inventory level did went up from the latest QR, not sure if its due to the red sea issue or them stocking up more. Could be both.

Posted by SWT1988 > 2 months ago | Report Abuse

techical rebound have made u turn? Don't know how many ikan bilis been caught this time. Olympic Paris finished n middle east show will start soon?

Posted by SonniaFang > 2 months ago | Report Abuse

Is covid coming back ? https://www.cbsnews.com/video/covid-cases-spike-as-new-variant-strain-spreads-us-world/

Posted by NatsukoMishima > 2 months ago | Report Abuse

Tesla , apple all beaten down by China , why not a peanut malaysia glove ?? Dont be too naive with that tariff can save malaysia glove !

Posted by NatsukoMishima > 2 months ago | Report Abuse

If really want to tag a price for Harta after China challenge , well sorry to say that it wont more than rm 1.50 , and that is max