Affin Hwang maintains sell on Hartalega, cuts TP to RM3.70


KUALA LUMPUR: Affin Hwang research has maintained its sell call on Hartalega Holdings Bhd with a lower target price of RM3.70 from RM4.10 previously as 1QFY20 results came below expectations.

In a Wednesday note, the research house cut its sales volume growth assumption from 12% to 5% for FY20E despite Hartalega's management guidance for stronger quarters ahead.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Bursa Malaysia-Teraju team up to boost Bumiputera IPO participation
Dayang records higher 4Q net profit
Dialog continues positive turnaround
Heineken Malaysia delivers steady FY25 earnings
Toll highway segment drives Taliworks’ 4Q revenue
CPO futures likely to trade between RM3,800-RM4,000 per tonne until July 2026
Carlsberg Malaysia posts record net profit of RM376mil in FY25
Perdana Petroleum posts lower net profit of RM56.09mil in FY25
Pos Malaysia welcomes MyCC review, flags competition concerns
INSKEN leverages AI to empower entrepreneurs in high-value sectors

Others Also Read