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gloveharicut

Author: gloveharicut   |   Latest post: Tue, 4 May 2021, 3:56 PM

 

HARTA 2021 Q4 Briefing Slide - Differentiate from others by growing a truly sustainable business

Author: gloveharicut   |  Publish date: Tue, 4 May 2021, 3:56 PM


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https://klse.i3investor.com/files/my/blog/img/bl6339_ir_presentation_4q21_briefing_page0006.jpg

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Labels: HARTA
  2 people like this.
 
laihm1995 where did you get the number of sales chart? give link.
04/05/2021 6:33 PM
CHHu thank you~
04/05/2021 7:03 PM
paperplane thanks. PBT higher even with lower production, thats damn crazy!
05/05/2021 9:41 AM
speakup harta is the one to blame for killing the gloves rally
see what harta did to supermx today
06/05/2021 11:25 AM
CynicalCyan "Harta has been able to maintain high profit margin without compromising workers' welfare..."

SAVAGE.
06/05/2021 11:33 PM

TOPGLOV resolves all 11 ILO forced labour indicators

Author: gloveharicut   |  Publish date: Mon, 26 Apr 2021, 2:36 PM


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I am reproducing The Edge Article to my blog.

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https://www.theedgemarkets.com/article/top-glove-resolves-all-11-ilo-forced-labour-indicators

Top Glove resolves all 11 ILO forced labour indicators

 
Top Glove resolves all 11 ILO forced labour indicators

KUALA LUMPUR (April 26): Top Glove Corp Bhd has resolved all 11 International Labour Organisation (ILO) indicators of forced labour, the glove manufacturer said in an exchange filing today. 

The group highlighted that the resolution of the 11 ILO indicators of forced labour has been verified by independent international UK consultant Impactt Ltd in its report dated April 22.    

“Top Glove has engaged Impactt in July 2020 to advise on measures for improving the company’s labour policies and practices,” it said.

According to a statement issued separately by the glove maker, the 11 ILO issues are:

  1. abuse of vulnerability
  2. retention of identity documents
  3. restriction of movement
  4. excessive overtime
  5. abusive working and living conditions
  6. deception
  7. isolation
  8. debt bondage
  9. withholding of wages
  10. physical and sexual violence, and
  11. intimidation.

In late March this year, the US Customs and Border Protection (CBP) announced that it has directed personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove Corp Bhd.

The directive came after the CBP Office of Trade, in consultation with the Secretary of the Treasury, published a forced labour finding against disposable gloves produced by Top Glove, in which the CBP said it has sufficient information to believe Top Glove uses forced labour in the production of disposable gloves.

Meanwhile, the glove manufacturer stated its assurance to stakeholders of its continued efforts to improve the welfare of its employees.

“Top Glove remains committed to [being] the best company that it can become, ensuring high quality welfare, health, safety, working conditions and living accommodation of its 21,000 strong workforce,” it added.

At noon break today, shares of Top Glove ended 11 sen or 1.92% higher to RM5.84, valuing the world’s glove manufacturer at RM47.93 billion.

 

Labels: TOPGLOV
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dusti CHEERFUL NEWS.
27/04/2021 8:55 AM

GLOVEs to stay in limelight amid resurgence of Covid-19 cases

Author: gloveharicut   |  Publish date: Mon, 19 Apr 2021, 9:46 AM


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https://www.nst.com.my/business/2021/04/683388/glove-stocks-stay-limelight-amid-resurgence-covid-19-cases%C2%A0

Glove stocks to stay in limelight amid resurgence of Covid-19 cases 

KUALA LUMPUR: Bursa Malaysia's benchmark FBM KLCI may attempt to break above the immediate downtrend line resistance near 1,635 this week, Hong Leong Investment Bank Bhd (HLIB) said.

This is on back of the renewed buying appetite on index-linked glove stocks, amid fears of another global Covid-19 wave, coupled with the buoyant Wall Street performance.   

However, HLIB expects stiffer hurdles situated at 1,635-1,646 levels due to the lack of domestic fresh catalysts and concerns of elevated local Covid-19 cases amid rising R-naught will derail a smoother domestic economic recovery. 

The index's weekly supports are pegged at 1,597-1,585-1,574 zones. 

On stock selection, HLIB expects a slow and steady recovery for Malaysian real estate investment trusts (REITS), underpinned by a gradual domestic economic revival, the vaccine rollout plan and the current low interest rates environment, which bodes well for future acquisitions.

The firm's top pick is Axis REIT with strong resiliency throughout the pandemic driven by increased demand in industrial properties, high occupant tenancy in its diversified portfolio, and one of the few Shariah-compliant REITs.

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GLOVEs up as Covid-19 resurgence concerns linger

Author: gloveharicut   |  Publish date: Fri, 16 Apr 2021, 11:29 AM


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I am reproducing The Edge Article to my blog.

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https://www.theedgemarkets.com/article/glove-shares-down-profit-taking-covid19-resurgence-concerns-linger

Glove shares up as Covid-19 resurgence concerns linger

 
Glove shares up as Covid-19 resurgence concerns linger

KUALA LUMPUR (April 16): Glove shares continued to dominate the gainers list this morning as Covid-19 resurgence concerns linger.

At 10.01am, Supermax Corp Bhd rose 23 sen or 4.51% to RM5.33. It was the second top gainer this morning.

Its peers Top Glove Corp Bhd, Comfort Gloves Bhd, Rubberex Corp (M) Bhd and Kossan Rubber Industries Bhd were also among the top 30 gainers.

Top Glove gained 12 sen or 2.21% to RM5.56; Comfort Gloves advanced 16 sen or 6.02% to RM2.82; Rubberex grew 14 sen or 10.22% to RM1.51; Kossan increased by seven sen or 1.84% to RM3.87. Hartalega Holdings Bhd rose six sen to RM10.06.

TA Securities said in a note today, healthcare stocks led by rubber glove manufacturers surged on Thursday, with the sector index up a robust 3.3%, sparked by fears another aggressive wave of Covid-19 cases worldwide may force more rolling lockdowns in global hotspots.

“Healthcare, especially top rubber glove makers such as Top Glove, Supermax, Hartalega and Kossan should continue to outperform the broader market and attract bargain hunters, with the global resurgence in Covid-19 cases to cement strong demand for their products given the threat of exponential infections from more virulent strains,” it said.

Meanwhile, RHB Research Institute said in a note today that Supermax exhibited signs of extending the recent rebound after it broke off its resistance of RM5.04, with a spike in volume yesterday.

“If it manages to stay above the resistance-turned-support level of RM5.04, the bullish momentum may drive it towards the next resistance level of RM5.38, followed by RM5.82. Meanwhile, if the support level of RM4.45 is broken, this expectation would be cancelled,” it added.

 

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{8 Apr 2021 4pm} TOPGLOV Zoom Webinar on US CBP WRO Status

Author: gloveharicut   |  Publish date: Thu, 8 Apr 2021, 6:07 PM


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https://klse.i3investor.com/files/my/blog/img/bl6339_x1.jpg

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Labels: TOPGLOV
  2 people like this.
 
speakup wah lau weh all sell on news
09/04/2021 3:50 PM

Overseas funds are loving Malaysian GLOVEs again after selloff

Author: gloveharicut   |  Publish date: Wed, 7 Apr 2021, 6:59 PM


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I am reproducing The Edge Article to my blog.

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Compile here for my own record.

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https://www.theedgemarkets.com/article/overseas-funds-are-loving-malaysian-glove-stocks-again-after-selloff

Overseas funds are loving Malaysian glove stocks again after selloff

 
 
Overseas funds are loving Malaysian glove stocks again after selloff

(April 7): Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.

Top Glove Corp and Supermax Corp are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit (US$340 million), according to CGS CIMB Research. Global funds bought a net 189.9 million ringgit of Press Metal Aluminium Holdings Bhd, the brokerage said in a report.

Shares of glove makers were one of Asia’s hottest pandemic trades for much of 2020, before the rollouts of vaccines around the world weakened their appeal and became targets of short sellers. The three biggest glove stocks, including Top Glove Corp, are the worst performers in Malaysia’s benchmark equity gauge this year.

“There is still significant value to be derived from Malaysian glove players, which command 65%-68% of the global market share,” Kenanga Investment Bank Bhd said in a report. Glove stocks are trading at “unwarranted” 6 times to 10 times 2022 price-earnings ratios and offer dividend yields of 6%-8%, it said.

Top Glove rose 2.9% and Supermax climbed 2.3% at the close on Wednesday. They have slid more than 50% from their October peaks, dragging valuations to rock bottom levels. Top Glove trades at about six times forward 12-month earnings, versus its one-year mean of 15.3 times. Supermax is priced at 3.8 times compared with its average of 15 times, Bloomberg-compiled data show.

 

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