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 IPO : Harps Holdings Bhd, Potential IPO - Main Market

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andrekua2
post Apr 7 2021, 12:56 PM

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I thought I wanna applied for this after reading this.

QUOTE

“As at Jan 31, we completed the new expansion to our manufacturing facility, increasing our production lines to 34 and our total annual installed capacity to 11.6 billion gloves.
However, the earlier sentence was this...

QUOTE

Harps currently has one manufacturing facility in Malaysia and as at Dec 31 had 32 production lines and a total annual installed capacity of 8.2 billion gloves.
So how did two lines magically increase production by 40-50%?

Got me excited for nothing. If their 34lines actually managed 12b gloves, that puts them in Hartalega range of ROE. 40K gloves/hour/line is no easy feat.

 

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