Actually, the company under-priced its IPO. The intrinsic value is much more than that. That's why the share price keeps on rising from the day of listing. Many uncles/aunties will be so scared to buy the counter now thinking the price has more than doubled since early of the year and will just complain about the opportunity lost few years down the road when Harta's price continue to climb
QUOTE(teehk_tee @ Oct 13 2009, 09:15 PM)
it's what.. 5 times last year's value now? fooooooh!
Added on November 10, 2009, 10:38 pmYet another set of sterling quarterly result achieved by the company, with record high revenue and profit. Its profit margin is by far the highest in the industry, which not even Topglove can rival. Revenue grew 7% qtq while profit grew by 26%! Automation and state of the art technology deployed by Hartalega will give less efficient manufacturers a run for their money. Next year when the new production lines start operating, production capacity will expand to 10 billion gloves from the current 6.5 billion, an increase of 54%. The best part is, these new capacity can easily be fully committed from the moment they push the start button. I'm a very happy shareholder
Added on January 1, 2010, 4:47 pmIt's the beginning of the year and time to do some stock take. Harta closed the year 2009 at its highest at RM6.22. Those who have sold too soon, better luck next time. I'll be holding on this counter for at least another 3 years, most likely forever.
Anyone got any information about Adventa's latest capacity expansion? It seems that Adventa new manufacturing lines are even more efficient than Harta
QUOTE(Peter Lim @ Apr 5 2009, 07:47 PM)
Done 2.79.
My investment value is about double!
Currency is not a big deal. The more important is the production efficiency & utilisation!
Going forward, it expects to add another 10 lines capable of contributing 2.2bn pieces of gloves p.a (with an assumed utilisation rate of 70%). These lines would be housed in its new Plant 5.refer
http://bursastreet.blogspot.com/search/label/HARTALEGAI expect this stock able to break 3.00 soon!
This post has been edited by kchong: Jan 1 2010, 04:47 PM