KUALA LUMPUR: CIMB Equities Research sees nitrile glove maker Hartalega’s earnings growth appearing to slow down and expects it to reduce further in FY15 as capacity expansion slows and competition heats up.
“Hartalega remains a Neutral as we expect weak selling prices due to supply growth to offset demand. Our target price rises after increasing FY13-15 core EPS by 2-5% due to higher utilisation as our estimate was too low,” it said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!