Glove prices to stabilise

Hartalega expects margin normalisation by early 2022

KUALA LUMPUR: Hartalega Holdings Bhd, which has been enjoying supernormal profits since the onset of the pandemic last year, expects margins to start normalising by early 2022 as average selling prices (ASPs) for gloves continue to fall.

Despite the downtrend in ASPs, Hartalega chief business officer Kuan Mun Keng said prices are unlikely to return to pre-pandemic levels any time soon.