KUALA LUMPUR: RHB Research is retaining its buy call on nitrile glove maker Hartalega
with a target price of RM6.05 which implies a 24% upside plus 2% FY20F yield. Its last traded price was RM4.87.
It said on Friday it expects 1QFY20F earnings to improve on-quarter due to a more favourable US$/RM rate and less intense competition in the market, as glove producers delay their capacity expansion plans.
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