Allan Tan's comment on HARTA. All Comments

Allan Tan
3 Like · Reply
下个季度,600 to 700m
Edison Cheah
only increase asp 30% can get 600m? please show us how u calculate
Like · 4 years · translate
Allan Tan
In this quarter, 5 percent for some of the months can up 133 percent of pat Let us be kind and just make it 100 percent.

They will up asp to 30 percent start in July.

30 percent is 6 times of 5 percent.
If 5 percent can bring a 100 m plus pat,
30 percent, should be able to bring 600 m.

Plus the pre covic 100m +-.
Harta is good at controlling the operating expenses.
Its operating cost only raise less than 8 percent in this quarter compared to the last quarter, as they are automated.
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2 Like · 4 years · translate
Allan Tan
If u are not happy with the calculation, do ur own. And show me.
2 Like · 4 years · translate
Allan Tan
To be exact, the 5 percent bring about 125 m extra profit, which I already reduce to 100m.
2 Like · 4 years · translate
Allan Tan
if U hate harta, u should just jump. It is still the best glive counters.
2 Like · 4 years · translate
chason leong
harta aldy lose even gain profit , don't forget super or tg also increase next qr too.
1 Like · 4 years · translate
Bern chai Ang
明天我转80%去topglov了 这里没办法老板太好
1 Like · 4 years · translate
Allan Tan
别忘了 top glove 有一个container 卡住在美国。
1 Like · 4 years · translate
Edison Cheah
努力学习中谢谢Allan TAn
1 Like · 4 years · translate
Bern chai Ang
没事,要出新闻说解决了的
1 Like · 4 years · translate
Allan Tan
解决了才算。 harta 直接settle. 眼光和专业程度略胜一筹。
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Bern chai Ang
未来是harta的,最近优势是topglov supermx的
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Allan Tan
你目前是对的。 不过生意试看长远的。
1 Like · 4 years · translate
Bern chai Ang
各有各的玩法。。。我会先去那边赚了再来harta。。本钱就比较大了
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LOVE TRAVEL
thank allan !
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Chin yeng Wan
没动静??????
Like · 4 years · translate
AH Kim
Q1 2021

Utilization 100%
Sales volume up 8 %
OPEX 650M
Inventory less 20m x 1.05 = 21M
ASP 5%

(Basic Revenue x 1.08 x 1.05) - 650 M

= (777m or 800 m x 1.08 x 1.05) - 650M + 21M inventory sales

= 278 M (PBT)
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Like · 4 years · translate
AH Kim
Q2 2021

Utilization 100% max
Sales Volume assume up 10%
OPEX 700m
Inventory assume less 20M x 1.3 = 26M
ASP 30%

(Basic Revenue x 1.1 x 1.3) - 700M + 26 M

= (800 M x 1.1 x 1.3) - 700M + 26 M

= 470 M (PBT)

= 376 M (PAT, 20% tax)
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AH Kim
I’m holding Harta shares. Never think of selling it
Like · 4 years · translate
Allan Tan
Great calculation. But I don't think the utilisation in q1 is 100 percent for April, may and June. The slight changing in this number will generate a lot of extra revenue. Hopefully I am right about this. Harta is great and I am still holding it tightly.
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Like · 4 years · translate
Allan Tan
Another factor, ratio of nitril glove and latex.
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AH Kim
In the latest Harta Presentation Slides, the utilization for Q1 is already 100%.

About the inventory, according to the balance sheet of latest QR report, it is less 20 M only. I multiple 5% ASP on it
1 Like · 4 years · translate
AH Kim
Jason, if utilization is 100%, means new order come in have to queue until next year, P&L won’t be benefited, but balance sheet yes, cash, the deposit money.
1 Like · 4 years · translate
AH Kim
Example, you are selling noodles, Max 100 bowl per day, the 101th customer has to start queue already, maybe can get the number on the next day. He paid you deposit, but your revenue of the day is up to the 100 bowls only. The deposit of the 101th customer cannot factor in in the P&L yet. Correct me if I’m wrong.
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3 Like · 4 years · translate