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14.50   -0.16 (1.09%)  14.46 - 14.70  2,329,100
13,753 comment(s). Last comment by longinvest at Dec 4, 2020 4:00 PM
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whenarmada
113 posts

Posted by whenarmada > Oct 21, 2020 4:41 PM | Report Abuse

i had a nightmare with this counter, lucky escape for me, good bye Mr. Kuan


CCMENG152351
1 post

Posted by CCMENG152351 > Oct 21, 2020 4:47 PM | Report Abuse

Don't worry , Harta was always the best.


wkc5657
106 posts

Posted by wkc5657 > Oct 21, 2020 5:02 PM | Report Abuse

@whenarmada

I guess you switch to timecom, very slow movements and not theme related for this period of time, less fluctuations....you can sleep well with this counter as the earnings are like clockwork. I would say beneficial because more networking requirement for work from home/MCO limitations.

If you fancy quick swing trade, you need more experience, a strong gut feeling/intuition for news flows and quick fingers plus very strong stop loss targets.

Keep your emotions in control and just learn from your mistakes.

You better don't touch gloves stocks anymore, i don't think the glove theme euphoria 2-3 months ago will be happening again although i myself think that it will make new highs within 6 months timeframe. Just that there will be lots of gyrations.


farid
83 posts

Posted by farid > Oct 21, 2020 5:11 PM | Report Abuse

Investors are taking profit on the vaccine news. But this is a short-term movement,” Areca Capital Sdn Bhd chief executive officer (CEO) Danny Wong Teck Meng said .


stocktrade101
797 posts

Posted by stocktrade101 > Oct 21, 2020 5:55 PM | Report Abuse

what's the latest vaccine news that caused all gloves to drop?


Mabel
10502 posts

Posted by Mabel > Oct 21, 2020 6:12 PM | Report Abuse

Price Fluctuation is part of the Playing Fields...

It's all in the family..

Top Glove is like the eldest son in the family, leader of the pack, responsible, and always brilliant..a good problem solver.

Hartalega, is like a young mother. Quiet, full of skills and talent, in fact, very unique and continue to perform when it matters. She inspires her 3 brothers

Kossan is like the confused child in the family, doesn't know what he wants in his life, need to coach, he needs a real good god father to guide him slowly.

Supermax, is the youngest, naughty, restless, annoying and irritating, but when he shows his brilliance and on fires, even his two elder big brother get scared..

Mabel loves them all

Today, Investors are taking profit on the vaccine news. But I believe is a short-term movement since the big four rubber glove counters, collectively, have gained some RM147.42 billion worth of market cap. This is equivalent to 36% of the total market cap increase from all the stocks listed on Bursa Malaysia.

Mabel Gloves Supermax and Kossan are expected to replace Genting Malaysia Bhd (GENM) and Genting Bhd (GENT). Both will join her brother Top Glove and Hartalega in KLCI

Mabel has done research and found that Technology & Healthcare Sectors are currently very strong.

If you don't sell you don't lose anything ...

Stay invested..

Meow..


whenarmada
113 posts

Posted by whenarmada > Oct 21, 2020 8:16 PM | Report Abuse

i agree with you all. I m just telling my experience, for a superb counter like Harta to endure such a drastic drop of 50%., in such a short period of time. and become a laggard compare to Topglove and supermax. It wasnt a good feeling at all.

I have been trading for more than 3 decades. I made money and without being trapped. I was thinking I would be trapped for the first time. I was damn lucky to get back my money with a small profit.

I will be more careful next time. Glove counters are sensitive to vaccine news, and we know that vaccine news will never stop coming and haunting in. And more importantly, no matter how good the company result is, once the vaccine is available, I dont think glove counters will shine anymore, I wont buy Harta anymore, will consider Topglove if the drop is substantial.

I apologize to those investors that are still holding Harta. if my comment doesnt make sense to you. but big thank to Mr. Kuan for me to escape this ordeal.


joesephlim
66 posts

Posted by joesephlim > Oct 21, 2020 8:35 PM | Report Abuse

Just because of old vaccine news surfacing again does not mean the primary trend of glove counters has been violated. It is only a pullback in a short term overbought technical mkt that fearful mkt particpants have found every reason to take profits which have been well absorbed by institutions dip buying strategy on humongous earnings visibility for the next few quarters.
Let the contra players and weak retail players get out of their long positions for strong hands smart investors to buy and collect cheaply into todays' profit taking round.
Investors staying the bull course not letting short term gyrations cloud their medium to long views on glove counters demamd fundamentals resulting in strong earnings every quarters financial release will get to enjoy decent dividend payouts and price appreciation in due course.
My selling zone for TG at 10.50 ringgit still remains unchanged before end November for profit taking. Yet better still, my medium to long term target at 16 ringgit still remains unchanged!!!


lancefire
261 posts

Posted by lancefire > Oct 21, 2020 8:51 PM | Report Abuse

Looking at the drop today, the first hour of trade tomorrow will decide the tone for the rest of the day. I think selling would most likely continue as no reversal pattern yet


roger1138
148 posts

Posted by roger1138 > Oct 21, 2020 9:02 PM | Report Abuse

Nothing to do with Mr. Kuan.
It's your own investing strategy. Do not know when to take profits or cut loss. Set your own target and do not listen to bank researchers. You will be caught bcos of them giving high TP.


Kendo Ken Hz
980 posts

Posted by Kendo Ken Hz > Oct 21, 2020 9:15 PM | Report Abuse

Drop more? Pick up cheap bargain


stockraider
19844 posts

Posted by stockraider > Oct 21, 2020 10:31 PM | Report Abuse

Stop bullshitting the Gloves advances is likely be halted due to the falling reasons loh:

1. Excess capacity due to massive expansion of existing manufacturers capacity and coming on stream of new players loh..!!

2. Commissioning of new covid19 vaccines mah..!!

3. Herds mentality...Remember SARS epedemic die off naturally..about 1 year after it started so covid19 the most could be between 1 to 2 years loh...!! Spanish Flu kill 15% of world population die off after 3 years mah...!!


LiimInvest
1147 posts

Posted by LiimInvest > Oct 21, 2020 10:37 PM | Report Abuse

KUALA LUMPUR (Oct 21): My EG Services Bhd (MyEG) said its COVID-19 platform can be used to organise subsidised COVID-19 screenings for workers in areas currently under the Conditional Movement Control Order (CMCO).

In a statement, the group said that employers can verify the eligibility of their workforce for Social Security Organisation (Socso) coverage, after which they can arrange for their eligible employees to be tested without any upfront payment.

The e-government service provider said it will directly liaise with Socso on the subsidies for the screening costs.

On-site testing at business premises by trained medical staff is also available, the group said.

Once the screening has been completed, employees will be issued with a digital certificate by MyEG in the form of a dynamic QR colour code on a mobile app, which would indicate the test results for verification purposes.

“As part of a collaboration between the Department of Labour of Peninsular Malaysia and MyEG that commenced in August, the QR-based digital certificate is recognised by the department as proof of testing.

“Under the collaboration, MyEG will also share with the department other relevant real-time data from the one-stop portal to assist the Department in its monitoring and enforcement of employers' compliance with the government’s directives,” added MyEG.

On Monday, Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob announced that the National Security Council has instructed managerial and supervisory-level employees in areas placed under the CMO to work from home staring tomorrow until the CMCO expires.

Following the announcement, the Human Resource Ministry said Socso contributors in CMO areas can go for free COVID-19 screening.

"Shares in MyEG finished 0.71% or a sen higher at RM1.42, valuing the group at RM5.1 billion. The counter saw 20.37 million shares traded.


universeck
111 posts

Posted by universeck > Oct 21, 2020 10:48 PM | Report Abuse

1) Already mentioned earlier to wait till end Oct or early Nov before reenter. Let those warrants expire first. Why want to knock you head knowing IBs will press down the price?

2) The sell down in glove counters had nothing to do with vaccine availability affecting glove demand. Look at no glove Mah Sing price holding firm despite run up in the past few days. It would have crashed too if demand for glove really decimated. Reason Mah Sing did not drop is because there are no warrants expiring on the counter and no IB manipulating the price.

3) Take this opportunity to collect if price drop more tomorrow. First gen vaccine efficacy is only 50% ie 50% of the population will still get infected if exposed. Hospitals will still implement the same strict SOP and glove usage will still remain elevated till at least 2022.

4) Contra kaki stay away from gloves if you cannot invest long term. This is a long term business. Those who bough just hold on long term. The peak for glove price has yet to come.

5) Avoid CWs when you see the mother share rising steeply and the CWs in the money. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end.

6) Stay away from the wannabe new glove comers. By the time they completed the factory, pandemic might be under control by 2022 and price normalising. The big 4 with low cost advantage can survive and press down the price to push the new entrants out of business. This is not the first time glove industry going through boom and bust. Only the fittest will survive and the new ones are unlikely to be around for long. Just look at the new face mask manufacturers closing down one after another. Only the old boys still remain strong. Same will happen to gloves here.

7) Harta has the lowest cost among the big 4 before the pandemic. Topglove is chasing up with automation and cost reduction but due to difference in ASP, it's hard to tell if Topglove will eventually be on par with Harta in term of cost per unit glove. Supermax will be the highest margin due to OBM but doubt it's doing enough to cut down cost.

8) Look beyond 2022 when pandemic is brough under control and price normalising. It will not come back down to pre crisis level as era of cheap labour is over and glove companies will pay more to foreign workers to avoid being accused of forced labour

9) Sri Trang is playing dirty tricks to hit Malaysian glove manufacturers. The current issue with US CBP was due to their instigation. Magma should hit them back. Sri Trang factories are likely staffed by illegals from Laos and Myanmar living in worse conditions.

Hope all make more money. Cheers!


CoolBull
2617 posts

Posted by CoolBull > Oct 22, 2020 12:46 AM | Report Abuse

Posted by wongkl0307 > Oct 21, 2020 11:59 PM | Report Abuse

8:48 p.m. Brazilian President Jair Bolsonaro says on Facebook that his government will not buy China's Sinovac vaccine, after the health minister said on Tuesday it would be included in the nation's immunization program.

https://asia.nikkei.com/Spotlight/Coronavirus/Coronavirus-Free-to-read/Coronavirus-latest-Czech-Republic-orders-lockdown


GoldenHarvest1
1555 posts

Posted by GoldenHarvest1 > Oct 22, 2020 1:13 AM | Report Abuse

Five South Korean citizens die after flu shots, triggering vaccine concerns

https://www.theedgemarkets.com/article/five-south-koreans-die-after-getting-flu-shots-sparking-vaccine-fears


Gargoth
179 posts

Posted by Gargoth > Oct 22, 2020 9:03 AM | Report Abuse

Brazil reversed its decision


Mabel
10502 posts

Posted by Mabel > Oct 22, 2020 9:04 AM | Report Abuse

Nice and lovely...

Fantastic Four is back on track...

Meow Meow Meow Meow


Gargoth
179 posts

Posted by Gargoth > Oct 22, 2020 9:19 AM | Report Abuse

Brazil reversed its decision in buying china vaccine


Gargoth
179 posts

Posted by Gargoth > Oct 22, 2020 9:20 AM | Report Abuse

https://www.google.com/amp/s/www.ndtv.com/world-news/will-not-buy-chinas-sinovac-vaccine-says-brazilian-president-jair-bolsonaro-2313688%3famp=1&akamai-rum=off


NoNonsenseHere
620 posts

Posted by NoNonsenseHere > Oct 22, 2020 9:20 AM |

Post removed. Why?


roger1138
148 posts

Posted by roger1138 > Oct 22, 2020 9:27 AM | Report Abuse

Fantastic. Throw Harta, Buy SM


Allenlee
124 posts

Posted by Allenlee > Oct 22, 2020 9:35 AM | Report Abuse

https://www.klsescreener.com/v2/news/view/743283
Not far from the period of explosive growth of Covid-19 in the US and Europe


PZOGRO
992 posts

Posted by PZOGRO > Oct 22, 2020 9:37 AM | Report Abuse

GOLDENLUCK16. CAN ADVISE WHEN WOULD HARTA CW EXPIRE SOON ALSO? XD


Morpheus61
1459 posts

Posted by Morpheus61 > Oct 22, 2020 9:42 AM | Report Abuse

https://imgur.com/KVsaLxJ

https://imgur.com/cEk679H

All warrants on KLSE. Please refer for your own good. Prices of the mother share of each 'Underlying' equity will reflect the reflect the warrant Exercise value (And the Hedge in some cases). Literally, you do NOT own your life, the IBs do. The Creeps.


Gargoth
179 posts

Posted by Gargoth > Oct 22, 2020 9:45 AM | Report Abuse

https://www.google.com/amp/s/www.ndtv.com/world-news/will-not-buy-chinas-sinovac-vaccine-says-brazilian-president-jair-bolsonaro-2313688%3famp=1&akamai-rum=off


PZOGRO
992 posts

Posted by PZOGRO > Oct 22, 2020 9:51 AM | Report Abuse

THXS MORPHY61. HARTA C35 IN THE MONEY. EX ON 27 NEXT WEEK. X D


Morpheus61
1459 posts

Posted by Morpheus61 > Oct 22, 2020 9:55 AM | Report Abuse

PZOGRO, yes. That's why they pushing the price down. If it's in anybody's power please push it back up. Let the IB burn.


joesephlim
66 posts

Posted by joesephlim > Oct 22, 2020 10:04 AM | Report Abuse

I must congratulate brave hearted Harta supporters for doing dip buying since yesterday and early morning trade below the 18.00 ringgit as the primary trend of Harta short term is still intact and unchanged as small abberation resulting in minor pullback is not an issue for the next advance.
My first target Harta to date is 21.10 ringgit for profit taking round.
Medium to Long term I have a higher target to 27.50 ringgit first half 2021 on humongous earnings visibility for the 12 months or so.
Investors just need to follow the upward trend which is your friend until it bends!!!
Due diligence is warranted!!!


Mabel
10502 posts

Posted by Mabel > Oct 22, 2020 10:22 AM | Report Abuse

Meow joesephlim !

You are a real Darling..

Bursa Trade Statistics:
Local Institutions (44.0%): -RM9.4m
Local Retail (40.6%): +RM172.1m
Foreign (15.4%): -RM162.7m

Yesterday Gloves Sell Off are by the Foreign Fund and Local Institution. Sell on vaccine news since they don't know what they are doing...

Local Retailers (all of us loyalist who has done their homework) were the Net Buyers from yesterday panic sell off because we know what we are doing.

Today all Gloves Fantastic Four make a very strong rebound!

Well done everyone!.

Meow Meow Meow Meow


cax1814
93 posts

Posted by cax1814 > Oct 22, 2020 10:43 AM | Report Abuse

Harta hold long term. U won’t regret!


cax1814
93 posts

Posted by cax1814 > Oct 22, 2020 10:46 AM | Report Abuse

Yesterday big drop, I go to sleep.
See, today climb up again.
No need worry to hold long term, COVID 19 story still long long to go !


Mabel
10502 posts

Posted by Mabel > Oct 22, 2020 10:51 AM | Report Abuse

If it’s too hard to estimate the probabilities of the events or the likelihood of favourable outcomes is too low, that’s when we should take a step back and move into the next opportunity. The best poker players are able to do this very well. They bet heavily when the odds are in their favour( after doing their homework), otherwise, they don’t bet at all.

This is what the team here is doing...

Meow


cax1814
93 posts

Posted by cax1814 > Oct 22, 2020 11:18 AM | Report Abuse

See go back to 18.50 !
Now buy glove and medic share daily movement is very big, but if u think another coming 6 months to 12 months, what share u can buy then u will steady and cool down ....


Morpheus61
1459 posts

Posted by Morpheus61 > Oct 22, 2020 1:57 PM | Report Abuse

RM 13 BILLION !!!

The amount of money raised from issuing warrants. And that's only for roughly one and a half to 2 years(Most Recent). Amazing !!!

https://imgur.com/4NvuO85

https://imgur.com/gXzGjDR

https://imgur.com/rEjkKqU


NoNonsenseHere
620 posts

Posted by NoNonsenseHere > Oct 22, 2020 2:21 PM |

Post removed. Why?


roger1138
148 posts

Posted by roger1138 > Oct 22, 2020 3:01 PM | Report Abuse

What is happening? All glove shares sliding down.


goreng_kaki
1692 posts

Posted by goreng_kaki > Oct 22, 2020 3:08 PM | Report Abuse

harta babi


Keyman188
2650 posts

Posted by Keyman188 > Oct 22, 2020 3:44 PM | Report Abuse

Why so fumble !!!....

Harta already moved up from 11.54 to 19.24 lorrr....

almost appreciated by 67% just within a month......

What can you expect...kekeke...kekeke...

All "Players" already run liao....


Pgraduate123
182 posts

Posted by Pgraduate123 > Oct 22, 2020 3:47 PM | Report Abuse

I dun understand news abt vaccine.... The news stated Korean people dies from the flu shot, no effective vaccine, USA out of control, Europe hospitals on the brink....... How on earth people interpret these vaccine news as Bad for gloves???? Real donkeys.
News abt vaccine in English means got confirmed vaccine, millions took it and no side effects...covid is gone... That's vaccine news La!!


kd88
106 posts

Posted by kd88 > Oct 22, 2020 4:49 PM | Report Abuse

AstraZeneca COVID-19 vaccine trial Brazil volunteer dies, trial to continue


Thunder96
15 posts

Posted by Thunder96 > Oct 22, 2020 10:51 PM | Report Abuse

https://covid19.who.int/?gclid=Cj0KCQjw28T8BRDbARIsAEOMBcwD6SE-TTFk9uA...

WHO new case daily make new record high today, 423,819 new case today, you can see from chart when the daily case spike new high glove counter will fly.
22/10/2020 10:51 PM


immobile45
55 posts

Posted by immobile45 > Oct 22, 2020 11:50 PM | Report Abuse

corruption is good


Mabel
10502 posts

Posted by Mabel > Oct 23, 2020 7:36 AM | Report Abuse

@universeck 1) Already mentioned earlier to wait till end Oct or early Nov before reenter. Let those warrants expire first. Why want to knock you head knowing IBs will press down the price?

2) The sell down in glove counters had nothing to do with vaccine availability affecting glove demand. Look at no glove Mah Sing price holding firm despite run up in the past few days. It would have crashed too if demand for glove really decimated. Reason Mah Sing did not drop is because there are no warrants expiring on the counter and no IB manipulating the price.

3) Take this opportunity to collect if price drop more tomorrow. First gen vaccine efficacy is only 50% ie 50% of the population will still get infected if exposed. Hospitals will still implement the same strict SOP and glove usage will still remain elevated till at least 2022.

4) Contra kaki stay away from gloves if you cannot invest long term. This is a long term business. Those who bough just hold on long term. The peak for glove price has yet to come.

5) Avoid CWs when you see the mother share rising steeply and the CWs in the money. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end.

6) Stay away from the wannabe new glove comers. By the time they completed the factory, pandemic might be under control by 2022 and price normalising. The big 4 with low cost advantage can survive and press down the price to push the new entrants out of business. This is not the first time glove industry going through boom and bust. Only the fittest will survive and the new ones are unlikely to be around for long. Just look at the new face mask manufacturers closing down one after another. Only the old boys still remain strong. Same will happen to gloves here.

7) Harta has the lowest cost among the big 4 before the pandemic. Topglove is chasing up with automation and cost reduction but due to difference in ASP, it's hard to tell if Topglove will eventually be on par with Harta in term of cost per unit glove. Supermax will be the highest margin due to OBM but doubt it's doing enough to cut down cost.

8) Look beyond 2022 when pandemic is brough under control and price normalising. It will not come back down to pre crisis level as era of cheap labour is over and glove companies will pay more to foreign workers to avoid being accused of forced labour

9) Sri Trang is playing dirty tricks to hit Malaysian glove manufacturers. The current issue with US CBP was due to their instigation. Magma should hit them back. Sri Trang factories are likely staffed by illegals from Laos and Myanmar living in worse conditions.

Hope all make more money. Cheers!
21/10/2020 10:48 PM

Thank you universeck !

You are another great Darling!

Same to you too!

Meow


ProsperousRealm
1555 posts

Posted by ProsperousRealm > Oct 23, 2020 8:24 AM | Report Abuse

Remdesivir ineffective in covid-19 trials

https://m.benzinga.com/article/17932966?utm_referrer=https%3A%2F%2Fklse.i3investor.com%2Fservlets%2Fforum%2F800001345.jsp%3Fftp%3D1413&utm_source=https%3A%2F%2Fklse.i3investor.com%2Fservlets%2Fforum%2F800001345.jsp%3Fftp%3D1413


GoldenHarvest1
1555 posts

Posted by GoldenHarvest1 > Oct 23, 2020 8:37 AM | Report Abuse

AstraZeneca shares slide after Brazilian health authority says volunteer in covid-19 study dies

https://www.cnbc.com/2020/10/21/astrazeneca-shares-slide-after-brazilian-health-authority-says-volunteer-in-covid-vaccine-study-dies.html


MrJ888
16 posts

Posted by MrJ888 > Oct 23, 2020 9:00 AM | Report Abuse

Goldenharvest have you read the full report of the decease candidate ? the candidate is randomise into placebo arm during the trial is carry out. the candidate didn't get the active ingredient of the vaksin during the trial. Placebo medication is non active ingreident. and the decease pass away due to covid 19 complication


PZOGRO
992 posts

Posted by PZOGRO > Oct 23, 2020 9:08 AM | Report Abuse

ALL BIG4 EXCEPT HARTA ALREADY SELLDOWN MORE THAN 10%-15%. HARTA LIKELY TO FOLLOW ALSO. I THINK TODAY OR NEXT WEEK MAY BE GOOD BEST BUY!! GG!


whenarmada
113 posts

Posted by whenarmada > Oct 23, 2020 9:40 AM | Report Abuse

Vaccination news keep haunting glove counters. earning result could be secondary. and the reality is, glove consumption will be reduced in 2022. invest only when it has big profit taking


NoNonsenseHere
620 posts

Posted by NoNonsenseHere > Oct 23, 2020 1:23 PM | Report Abuse

-
"gLoVe Is A BubbLE" "wiLL BuRsT"
Burst what? You can lie but the numbers never lie.

Gloves going to burst?

Glove supply will not meet demand in next three years
https://www.theedgemarkets.com/article/glove-supply-will-not-meet-demand-next-three-years-says-hartalega-executive-chairman

The Big 4 Glove companies can't even meet the demand for the next 3 YEARS.
Meanwhile, hotels will remain closed for years, airlines have nowhere to go to and banks CANNOT lend.

Genting LOST RM786 million in one quarter and will continue to incur losses.
Supermax GAINS RM1 billion (28 Oct QR expected) in one quarter and will continue to grow.

Maybank market cap (80b) is THREE TIMES larger than Supermax (26b) but Supermax defeats Maybank's profits.
Fantastic.

Supermax's Own Brand Marketing in North America:

Supermax's Canada OBM Aurelia Gloves™: https://aureliagloves.com/about/

Supermax OBM Mask BeyondMask™: https://mybeyondmask.com/

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