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.
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