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Longtermer, may I know why the prices are coming down and you said short covering soon ?
Before you said the coy is making good money ... any changes in the landscape?
Before you said the coy is making good money ... any changes in the landscape?
Looking at short covering soon.
UG results out in 5 trading days..
Sgvale ( Date: 28-Jan-2021 15:37) Posted:
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Q 0.695 try
I think Dow long due correction will bring investors back to fundamentals.
Coming results season will give a good idea what to expect in the weeks ahead...
Hear what Fed Chairman said..
When asked about when the central bank might start to taper asset purchases, Powell said it' s " premature" to focus on an exit. " We want to see substantial further progress before we modify our asset purchases," he said, adding the Fed needs to see " actual progress," not just improvement in the economic outlook.
I am with this.
I am still in money. Not cashing out yet.
I am still in money. Not cashing out yet.
tccy73 ( Date: 28-Jan-2021 11:07) Posted:
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hartalega 3Q profit was up 80% over, but yet its stock price didnt go up, it was just 2 days ago, could it possible foretell what the share price of all the other glove counters would do? all the analyst lowered their TP saying the share price has been priced in....
Shifu8888 ( Date: 27-Jan-2021 21:25) Posted:
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Stabilise & On way up later
$0.85 coming next
No need chart.
Just buy.
Super normal profit.
Great interim dividends
buy call re rated at $2 and above
Just buy.
Super normal profit.
Great interim dividends
buy call re rated at $2 and above
Be ready then for the rush up!
Haha, thanks for the time to provide the long explanation.
Yes, i am holding long term as the company is doing extremely well and believe it will ride toward its right value.
Cheers.
Ichimoku ( Date: 27-Jan-2021 19:13) Posted:
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Bro, you got Malay chart?
UG from Malaysia, Truly Asia.
UG from Malaysia, Truly Asia.
Ichimoku ( Date: 27-Jan-2021 19:13) Posted:
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Results coming next Thurs yet so many sellers..
Dun understand why?
Today looks good to load up some...
Hartalega 3Q net profit surges to RM1 billion, cash pile soars to RM2.14 billion
Edgemarkets.com. January 25, 2021 18:51 pm
KUALA LUMPUR (Jan 25): The strong earnings growth at the world' s largest nitrile glove manufacturer is gathering steam. Hartalega Holdings Bhd said the overall projected growth in demand is expected to outstrip supply for the next few years.
Hartalega announced its net profit for the third quarter ended Dec 31, 2020 (3QFY21) leapt to a record high of RM1 billion, up nearly 84% against RM544.96 million in the preceding quarter, 2QFY21.
Its revenue grew by 58.2% to RM2.13 billion quarter-on-quarter (q-o-q) against RM1.35 billion in 2QFY21, according to a bourse filing after market close. The brisk glove sales boosted Hartalega' s cash pile to RM2.14 billion.
Read more: https://www.theedgemarkets.com/article/hartalega-3q-net-profit-surges-rm1b
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From the Hartalega latest quarter report we can see that the glove sector is nowhere near its peak. Due to the Covid-19 pandemic, the demands for gloves worldwide has spiked and hugely outstrip the supply for gloves.
Due to this serious shortage of gloves, the ASP for gloves has consistently move up every month. It may take 2 to 3 years for the supply of gloves to meet the world demand for gloves according to some manufacturers. So instead of seeing a drop in ASP, we are likely to see the increase for the next couple of years.
I believe UG OBM business will benefit greatly in coming quarters due to continual high demands and ASPs forecasted. The company production capacity expansion ready this year will boost revenues even higher. UG will report results next week..
I am expecting a strong results with increases in both revenues and profits from last qtr.
I also hope to see good interim dividends being announced as well.
Current price at 74c is at deep discounts with PE at just around 4x times (remember EPF and some funds bought at 85c). It should be trading at least twice the current ratio imho.
Do note that TP given by CIMB was $1.70 and may be re rated after results.
Trade with care and no contra.
Dyodd as always.
rich capital gain and fat dividends?
the company has a lot room for business growth, should reinvest for future growth and continue to deliver strong results.
the company has a lot room for business growth, should reinvest for future growth and continue to deliver strong results.
Longtermer ( Date: 25-Jan-2021 11:54) Posted:
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Next week UG results coming.. hope for a fat dividends to be given.
Expect a strong gap up soon. Last peak was about $1.12. Dyodd.
ringo88 ( Date: 25-Jan-2021 10:27) Posted:
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Bro.. you mean 0.80. And then 1.20 😁
Success3288 ( Date: 25-Jan-2021 09:30) Posted:
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UG 0.765
up 0.015
0.08 coming
up 0.015
0.08 coming