Since 27 Jan 26, Harta has executed multiple open market share buybacks:
27 Jan : 1.6m shares at 0.885 - 0.89
28Jan: 1.35m shares at 0.93 - 0.945
29 Jan: additional buyback similar quantum
03 Feb: 0.33 shares at 0.895 -0.9

All shares were retained as treasury shares, not immediately cancelled
Cumulative treasury shares are now 17.6m shares (0.51%) of issued capital

This is deliberate, repeated intervention

The real signals:
Singal 1: Management believes the share price is undervalued. That tells you, at this level of price 0.88 to 0.95 using cash to buy own shares gives better return than alternative uses

This is stronger than verbal guidance and stronger than analyst reports

Signal 2: cash position is still strong
Harta can only legally fund buybacks from :
Retained earnings
Internal cash flow

The fact they are buying repeatedly implies:
No near term liquidity stress
No immediate capital call risk

This aligns with their net cash balance sheet profile despite weak sector conditions

Signal 3: dowmside protection is being actively defended

Repeated buybacks create:
A price floor
Reduced free float
Dampened panic selling

This is why the stock has somewhat stabilised despite sell calls from some brokers

What should you do as a Harta investor:
• if you are a long term investor
This behaviour is supportive not alarming
You should:
View RM0.88 to 0.95 as a management defended zone
Expect slow accumulation not V-shaped recovery
Be patient for 2026-2027 earnings normalisation

Bottom line
Harta is telling you with cash, not words:
This price is too low for our long term value and we are willing to buy our own shares repeatedly to prove it