For those of you who have been following my glove play lately, you will
realize that I rarely touch Harta. In fact, in July, I was mostly
playing Supermx and Kossan, before moving to Carepls and Topglove in
August. Now, there are a few thing I want to get clear before I explain
why:
1. Harta is not the fastest growing glove company.
2. Harta does not yield the highest profit margins.
3. From a technical standpoint, Harta's chart is by far one of the ugliest.
4. From a funds flow standpoint, Harta sees the slowest inflow of smart monies and big monies.
Now, Harta is the only big four yet to announce bonus issues of shares,
and if they do, it will be for the first time since 2017. If bonus
issues are indeed announced by Harta's board, we may likely see some
profit taking, but this will not change why Harta is a 5-star stock.
Many people know that there is a shortage of nitrile gloves in the
global market, but they do not know the extent of the shortage. I have
recently been told that the shortage is much worse than expected. Glove
companies are rushing to produce nitrile gloves at a rate that can only
be so high. Here's where Harta comes into the picture. Harta is the only
glove company with industry leading technology on nitrile gloves. Not
even Supermx nor Topglove can match its technological output. A quick
google and you will understand this.
Hence, Harta may be severely lagging from behind now, but I foresee
that its next QR will yield a very high profit margin due to this
nitrile glove shortage.
My predictions by 2020 (some have already became true):
1. Harta will be the most efficient producer of nitrile gloves in the market.
2. Harta will yield the highest profit margins due to the shortage of nitrile gloves.
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Harta - 30/9/2020

On the 30th of September, double ascending tangents have formed. In
funds flow theory, the double ascending tangents are one of the
strongest indicators of bullish uptrend continuation.
Harta will see new highs like never before.
Disclaimer:
The descriptions and analysis in the blog are of the personal opinion of the author and is solely for knowledge purposes. No buy/sell call is given. Investors should do their own prior research before committing to an investment.
The descriptions and analysis in the blog are of the personal opinion of the author and is solely for knowledge purposes. No buy/sell call is given. Investors should do their own prior research before committing to an investment.
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-TheFFAPractitioner
ELITE Consulting Group
Telegram: @elite_consultinggroup
Facebook: https://www.facebook.com/eliteconsultingg
https://klse.i3investor.com/blogs/theffapractitioner/2020-10-11-story-h1534585209-Why_is_Hartalega_my_only_glove_stock.jsp
https://klse.i3investor.com/blogs/theffapractitioner/2020-10-11-story-h1534585209-Why_is_Hartalega_my_only_glove_stock.jsp