Profit still fat... What's more concerning is orders cancellations. TG profit margin still ok... 50% but sales reduced to 4b.

Feels like looking at Bitcoin chart...

Warrants B converted a lot liao lor... I'm still holding but losing a bit since didn't take profit and average up. Expecting next quarter result to worsen a bit sue to covid breakout at their factories in March. Sold the warrant B earlier since I'm expecting result to be slightly affected in the next 2 quarter.

It seems like rubber shortage incoming...

Yes and no. Pandemic still created supply disruptions but definitely not a real shortage.

You're not wrong. Where got save password for banking and investment app one unless you're using 3rd party app. Samsung phone can utilize Samsung Pass for example.

The only fast access with hlebroking is fingerprint or biometric. Not sure if available in iPhone or iPad with 3d facial recognition. For Android devices, you can use fingerprint for fast access but still need to enter password when want to execute orders.



This post has been edited by andrekua2: Jul 17 2021, 10:51 AM

Did you buy? Before or after RPS?

True... Hartalega production per lines is miles ahead of the rest especially when some of the 'rest' are still using ancient lines. Those newer design used for nitrile gloves are between 40-45k per hours. While I'm not sure whether it was due to the different process to cure between natural latex glove vs nitrile glove, the number I heard from other manufacturers are between 20~35k (35K is the number I got from a client who installed a new design at Adventa before it was sold to TG. I did however doubt his claims but nevertheless included them since it is for reference only. ), depending on their design I guess. Just for reference, AT went into gloves and posted some numbers up. Their machine barely reach 20k for both nitrile and natural latex gloves.

Another thing to note is upkeeping/downtime/maintenance. Hartalega used carbon steel plate for their gears which is more durable than mild steel plate that the rest used. Those that I supplied for plant 5 back in 2008 still working today. The design used by Hartalega is more flexible as they do not need to replace the gears when the bushing is worned out.

Still, is Hartalega worth keeping? Personally I would say no, but if their share price would keep appreciating, well, it would proved me wrong. The dividend is getting really low (forget about pandemic figures, it will normalize soon) for what you are paying for. Although they could still expand, it wont be as spectacular since they had gotten so big. If one would target growth, wouldnt it be better to look at smaller player like Careplus, Rubberrex etc because these are now flushed with plenty of cash, and they could expand 2-3x capacity in the next 5 years. The question remained is how much gloves do the world actually needs? Before pandemic, there's surplus capacity. Now all of them are going to expand, but is there a guarantee that there would be enough demand in near future? Not to mention China is going into gloves big time.

I dont really care what you think if you cant provide a proof for your numbers. What I know is that ASP is falling which means demand is falling as well. Glove is still a necessity but how much do they really need is a big question mark.

There are a lot of signs that point to glove is no longer in shortage. Even glovemakers are forced to close during that 2weeks EMCO. Funny that some manufacturing are allowed to operate during EMCO when glovemakers also had to close.

Do you still keep your RM9.xx Hartalega?

Rights Preferred Share... aka RPS

Insas play for the past 6 years has been RPS (4% interest) + free warrant. Boss will then slowly goreng warrant, unload then shares will drop again. Warrants will expired without anyone converting since not worth.

Been holding since 2015... dont really care... no debt...
Get some dividend from shares + rps... another few hundreds from selling free warrants.

It is a slow cow milking process since they are slowly disposing Inari to finance all these activities.

Hehehe, u know, I know enough la...

Dont know what has been discussed and promised... hahahaha

If really want to vote, online zoom now terus tau... maybe september will be removed from Malaysia calender... Ogos 1.0, Ogos 2.0

Up to you lor... by the time 60sen, you want 30sen..

I bought 94c, sell 1.18... later buy back at 1.21, and keep until now....

Tomorrow comfort shares will be under pressure?



This post has been edited by andrekua2: Aug 4 2021, 07:14 PM

Comply... Only in Malaysia...

Many already reported their land in Indon dont comply.

I think gloves wise, Malaysia controlled over 50% of the global market thus there's will be some premium locked in for the achievement.

Tech wise is harder to understand. Yes, semiconductor is really on a high right now but what Malaysia players have been doing are mostly low margins section of it. Although there's huge potential to grow, just the EPS alone left a lot to be desired for the PER they command. Not to mention there's a lot of competitions overseas for these low margins section. Personally I think semiconductor will normalise soon and maybe then we will see an increase in competitions for these low margins section which will be interesting going forward.

Inari is still ok .. I don't think u need to look at 8 years. Still remembered I bought Insas in 2015 because they owned 30+% of Inari which is worth more than Insas market cap. Inari at RM1.80 then fly to RM3.xx. Inari had some BI since but nothing spectacular.

Around the same time, my brothers BIL who was a stock analyst recommended Vitrox around RM2. I took a peek into the financial but never tempted to buy. The rest is history. Even the BIL who wrote the stock recommendation never bought.

I think these company will grow but even at potential 2x or 3x current profits, I think I will still pass. Low margins stuffs really.

This post has been edited by andrekua2: Aug 9 2021, 07:28 PM

Dah campur below 18, legal foreign workes, illegal foreign workers, illegals etc or not?

I still dont see how they achieved this number based on the number of vaccines they had.

You mean paper profits?