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why not wait for quarter results first? if quarter results is bad sure drop more. if quarter result is better but still making losses, price won't really run up for sure.
in fact if you compare prior Covid time, Hartalega was the most undervalue now. Harta did not issue additional shares but still sold down a lot. looking at recent losses, Harta is doing better than Top Glove and Supermax
@Ken, prior to COVID, Harta was trading above rm5. let s assume in 2024 and ASP normalized and back to prior Covid, Harta would be making around 100 mil profit per quarter, providing no extra capacity and sales are normalized. with the similar profit then, giving a discount of 20% of rm5, harta could trade around rm4.
as for Top Glove even with ASP normalized, and after bonus shares, Top Glove max trading is around rm1.70 prior to COVID-19 (after share split adjustment). can we expect Top Glove to trade above rm3 by then?