Hartalega earnings exceed expectations, says Kenanga

KUALA LUMPUR: Hartalega Holdings Bhd's recent earnings result was above expectations as it is expected to continue to benefit from higher average selling prices in the final quarter of FY21, said Kenanga Research.

For 9MFY21, the glove maker's PATAMI was RM1.77bil or 453% higher year-on-year, which was 61% and 69% of Kenanga's and consensus full-year forecasts.