Earning per share for last qtr only 0.45 sen when every gloves makers made fantastic profit if you dont sell HLT at this price you may not have the chance to sell above RM1 next month mind you
ASP & spot price will increase much higher. The top 3 and the second level 7 manufacturers of gloves will have to receive hugh demands to cover for TG 25% world wide supply. Its like oil prices. When there is supply disruptions, the demand increases. The Oil prices increase. Same here. Glove prices will increase.
the glove sale numbers were pretty good, but surprising that their glove dipping lines segment didn't record any significant increase of revenue considering that so many glove manufacturers are in full speed to increase their lines count.
With increasing demand, and supply disruption from TG, spot prices will jump as hospitals, etc will purchase more from other manufacturers. This is a catalyst and some will reap from the surge.
Lowprofile2020 Wrp ex ceo and wife got arrested, ppl beware, hlt got a case sued by wrp. I have sold all hlt , last batch 1.42, wish everyone all the best. 24/11/2020 1:12 PM
I am not condemning hlt by citing the court case, but since wrp former ceo got arrested due to cbt, the litigation involved hlt by wrp claiming their former ceo paid some sum to hlt , the details and parties involved , pls read yrself, i just briefly mentioned here.
Here is the lowdown based on a brief look at the financial performance from reading their latest announcement and commentaries (my mere opinion) : 1) the numbers don't look fantastic, but not too bad, just not great, more of a meh category 2) this stock's price is pretty much at fair value now 3) anything above 1.50 is really pushing the limits into goreng category 4) the share price tracks general glove makes sentiment, but hlt's financial performance doesn't 5) so, if want to hold this stock, only hope is that other main glove makes share price continue to go higher; then this counter also follow up goreng.
For those holding this counter, can monitor till next quarter announcement. If still so so, just dump it. For me, i'm keeping it because of reason (5) and my average cost is below rm1.
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....
calvintaneng
56,706 posts
Posted by calvintaneng > 2020-11-23 19:15 | Report Abuse
HLT This Qtr Quite Good
1) Revenue up by Rm32 Millions
2) Investments increased from Rm10 Mil to Rm41 Millions
3) Cash position now Rm80 Millions
4) HLT hide its profits in investments BUT WE CAN SEE IT FROM NTA GAIN
5) NTA HAS GONE UP 40% FROM 10 SEN TO 14 SEN
OVERALL A GOOD IMPROVEMENT
WELL DONE HLT!
Regards
Calvin
Calvin has been bullish in Palm oil stocks because CPO now over Rm3500