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(KUALA LUMPUR 6th) After 4 consecutive quarters of profit, $HARTA.MY$He Tejia finally paid dividends again after a lapse of two years. It is recommended to pay a dividend of 0.35 cents per share.
Due to a slight increase in the volume and price of gloves, Hetejia continued to turn a profit in the first quarter of fiscal year 2025, and recorded a net profit of RM31.92 million6,000, compared to a loss of RM52.46 million9,000 over the same period last year.
The company reported to the Malaysia Stock Exchange that revenue for the first quarter ending June 1 surged 32.68% year on year to 0.5 billion 83.83 million9,000.
The company pointed out that there was a significant improvement in revenue during the quarter, mainly an increase in glove sales and a slight increase in the average sales price of gloves. However, due to ongoing global freight restrictions, shipping delays also partially affected its revenue.
In addition to being driven by revenue growth, in terms of net profit, operating costs were reduced and profitability improved due to increased production efficiency and capacity utilization.
The last time the company paid dividends was the final dividend for fiscal year 2022, which was distributed 3.5 cents per share in September 2022.
Meanwhile, Hetejia announced a final dividend of 0.35 cents for the 2024 fiscal year, and will seek approval at the shareholders' meeting on the 6th of next month. Once approved, the distribution will be on October 8.
Sales orders are gradually recovering
Despite many challenges, demand for rubber gloves showed early signs of improvement as pandemic inventories declined and sales orders gradually resumed.
Guan Minliang, CEO of the company, said that the gradual recovery in demand is exciting, thanks to the industry's main...
Due to a slight increase in the volume and price of gloves, Hetejia continued to turn a profit in the first quarter of fiscal year 2025, and recorded a net profit of RM31.92 million6,000, compared to a loss of RM52.46 million9,000 over the same period last year.
The company reported to the Malaysia Stock Exchange that revenue for the first quarter ending June 1 surged 32.68% year on year to 0.5 billion 83.83 million9,000.
The company pointed out that there was a significant improvement in revenue during the quarter, mainly an increase in glove sales and a slight increase in the average sales price of gloves. However, due to ongoing global freight restrictions, shipping delays also partially affected its revenue.
In addition to being driven by revenue growth, in terms of net profit, operating costs were reduced and profitability improved due to increased production efficiency and capacity utilization.
The last time the company paid dividends was the final dividend for fiscal year 2022, which was distributed 3.5 cents per share in September 2022.
Meanwhile, Hetejia announced a final dividend of 0.35 cents for the 2024 fiscal year, and will seek approval at the shareholders' meeting on the 6th of next month. Once approved, the distribution will be on October 8.
Sales orders are gradually recovering
Despite many challenges, demand for rubber gloves showed early signs of improvement as pandemic inventories declined and sales orders gradually resumed.
Guan Minliang, CEO of the company, said that the gradual recovery in demand is exciting, thanks to the industry's main...
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![He Tejia reaped profits for 4 consecutive quarters and then paid dividends after a lapse of 2 years](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240806/be7d1ee2c5eb4bd57424202e118e2846.jpg/thumb?area=104&is_public=true)
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$NVDA.US$ it was about to create a double bottom but it broke it , so it needs create support then might look to switch position
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$SMCI.US$no need to panic, let’s wait for Fed speak later. Powell will tone down the concerns of mild recession and reinforce the possibility of soft landing
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The main research in July was macro, and in mid-July it cleared and successfully escaped the top of large technology stocks $AAPL.US$ $AMZN.US$ $NVDA.US$ , except $PLTR.US$PLTR has always been my favorite technology stock, but the July macro data plus the September interest rate cut expectations all indicate that the market (S&P 500 and NASDAQ) will experience a major correction, so I carefully chose to clear my positions and be more active in buying small-cap stocks and cryptocurrencies based on expectations of “interest rate cuts and recession.”
The market was right. Obviously, my decision to clear PLTR was the wrong decision because he is actually also considered a technology small-cap stock sector, and I will buy back other large technology stocks in the future
I bought it in late July $ASML.US$ The reason is that he fell below MA120 because of earnings reports. I think this was a good opportunity to bottom out, but the subsequent TSM earnings report ASML came close to MA200. Here, according to my plan, trading “recession”, I shouldn't be trading big tech stocks, followed by losses on my account (open positions).
Let me say one last thing $MARA.US$ with $IBIT.US$ Both of these are from the cryptocurrency concept sector+small-cap stocks. I expect to get them in the “interest rate cut deal and Trump deal”...
The market was right. Obviously, my decision to clear PLTR was the wrong decision because he is actually also considered a technology small-cap stock sector, and I will buy back other large technology stocks in the future
I bought it in late July $ASML.US$ The reason is that he fell below MA120 because of earnings reports. I think this was a good opportunity to bottom out, but the subsequent TSM earnings report ASML came close to MA200. Here, according to my plan, trading “recession”, I shouldn't be trading big tech stocks, followed by losses on my account (open positions).
Let me say one last thing $MARA.US$ with $IBIT.US$ Both of these are from the cryptocurrency concept sector+small-cap stocks. I expect to get them in the “interest rate cut deal and Trump deal”...
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