Hartalega outlook to remain bright


Hartalega nitrile glove. The research house noted that Hartalega is not expecting any further ASP increases beyond the third quarter of FY21, unless market ASPs rise beyond current levels and Hartalega ASPs are at sharp discounts to market pricing.

PETALING JAYA: Earnings prospects for Hartalega Holdings Bhd remain bright as the glove maker still has room to increase its average selling prices (ASPs), according to analysts.

CGS-CIMB Equities Research noted Hartalega’s ASPs are currently still some 30% below market.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Hartalega , gloves , average selling prices

   

Next In Business News

Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers
PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds

Others Also Read