Hartalega likely to see record 643% surge in earnings

RHB Research estimated the Hartalega's Q3FY21 earnings, which should be released in the next two to four weeks, may surge 643% year-on-year and 65% quarter-on-quarter (q-o-q) to RM900mil due to high average selling prices (ASPs).

KUALA LUMPUR: Glove manufacturer Hartalega Holdings Bhd is expected to see new record high earnings for its third quarter ended Dec 31,2020 (Q3FY21), according to RHB Research.

The research unit estimated the company’s Q3FY21 earnings, which should be released in the next two to four weeks, may surge 643% year-on-year and 65% quarter-on-quarter (q-o-q) to RM900mil due to high average selling prices (ASPs).