KUALA LUMPUR: Kenanga Research is taking a more conservative outlook on Hartalega Holdings Bhd on expectations that the average selling price (ASP) of nitrile could be waning.
In its recent earnings announcement, Hartalega's FY21 Patami came in below expectations at 88% and 94% of Kenanga's and consensus estimates due to lower-than-expected volume sales, arising from global container shortages.
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!