From CIMB Research paper lo. All go siow on gloves lio.

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Added on January 20, 2010, 6:04 pmToo late already. After CNY you'll have to buy at a much higher price. Today Harta rose 51 sen at its peak but close up 43 sen If you notice, only the fundamentally solid companies like Harta, Topglove and Kossan rose today.

This post has been edited by kchong: Jan 20 2010, 06:04 PM

Hartalega Research paper by Alliance.

TP: 8.09


Attached File(s)
 researchview_Harta_290110.pdf ( 93.37k ) Number of downloads: 108

Since when you also worship Hartalega?
I tot you are 'Super' fan...

Harta charting new heights 2 days back-to-back. With its heavy presence in US and the health bill passed by the Obama administration, Harta will be in an enviable position to tap the opportunity. Conservative estimation easily value the company at RM11.50 per piece. At current RM8.45, it still has 36% more to go up in 2010. Post 2011, not much news of new capacity expansion. The company should be more aggressive and expand more.

US healthcare is always fat money

nice find

any news to share on Harta?

They proposed share buyback and bonus issue.

Hartalega is a very conservative company. Dont expect any news to be flowing out from them. If they really open up and start massive expansion with loans, I think they doubled their plant liao.

Anyway, just wait for next month AGM. I think gonna announce BI and Special (Or issit Final) Dividend. Just to let you guys know, I have not heard anything from my client ever since the completion of Plant 5. I dont know whats going in there but the plan for Plant 1 refurbishment seem to be onhold at this very moment. Still the completion of Plant 5 would bring as much as 1.5~2b capacity but the promised 1.5b capacity to replace current 500m capacity of Plant 1 is still unknown.

Anyone holding this Hartalega? I just jump in..any news why it surge ??

I think the other rubber counters are moving up as well..

I guess is time to bounce back..huhu

Nitrile gloves are slowly taking over latex, imho it is a good ship to jump on.

However will the 2011 budget which will be tabled on the Oct 15 have any effect on this counter? Can anyone shed some light on this?

Malaysia is already the biggest contributor to the world's glove business..
Therefore the budget will not have any influence on glove sector at least I don't think it will be in Najib's mind.
There are plenty of industries which Najib should pay more attention to..

Hartalega likely to announce interim dividend, says Affin IB Research

Affin IB Research has maintained its Add rating on Hartalega Holdings Bhd at RM7.39 with a target price of RM7.75 and said the company would likely announce an interim dividend this time around, estimated to be a single tier interim dividend of around 3.5 sen per share (DPS) when it announces its 1HFY03/14 results later today.

In a note Tuesday, the research house said that for FY03/14, it holds out for a net DPS forecast of 14.5 sen, based on a 45% dividend payout ratio.

Affin IB Research said riding on the resilient demand spurred by rising healthcare reforms globally and lower selling prices in tandem with the lower raw material costs, it expects Hartalega to continue to register a stellar demand growth in 1HFY03/14.

“We estimate Hartalega’s volume sales to grow by circa 20% year-on-year (y-o-y) to 5 billion pieces.

“Notwithstanding the robust growth in volume sales, we believe Hartalega’s topline revenue growth will be mitigated by the lower selling prices (ASPs) brought by stiffer competition, growing at 10% y-o-y to circa RM560 million,” it said.

The research house said it also expects Hartalega to incur a foreign exchange loss of around RM8 million, as the group had in 1QFY03/14 locked-in a forward six-month contract at RM3.12/US$.

“Stripping off the FX loss and assuming the continued moderation in operating expenses (low raw material costs and improved operating efficiencies), we expect Hartalega to record a robust 20% y-o-y growth in core net profit to RM136 million.

“All in, we believe Hartalega’s 1HFY03/14 results will come in within expectation,” it said.

Hartalega 2Q net profit rises 8.2% to RM63.3m, declares interim dividend 3.5 sen

Hartalega Holdings Bhd net profit for the second quarter ended Sept 30, 2013 rose 8.2% to RM63.3 million from RM58.5 million a year earlier, due mainly to an easing in raw material prices of nitrile and natural latex.

In a statement Tuesday, Hartalega said revenue for the quarter rose 10.2% to RM280.9 million.

The glovemaker declared a first interim dividend of 3.5 sen per share.

For the six months ended Sept 30, Hartalega’s net profit rose 12.7% to RM126/3 million from RM112 million a year earlier, on the back of a 11.2% rise in revenue to RM558.9 million compared with RM502.6 million the prior year.

Earnings per share (EPS) for the Group’s first six months was 17.05 sen compared with 15.31 sen for the same period in the previous financial year. The Group’s net assets per share was 117.91 sen as at 30 September 2013.

Hartalega said the improved operational efficiency of the new production lines contributed to the increase in operating profit margin as well.

Hartalega managing director Kuan Mun Leong said the first of the current financial year had been positive, and the company was confident that it would be able to maintain its performance.

“Our continuous improvements to operational efficiency and production capacity coupled with the steady rise in demand for nitrile gloves certainly bode well for the group, as we are well-positioned to meet this demand growth.”

“In particular, our Next Generation Integrated Glove Manufacturing Complex (NGC) will set the foundation for our sustainable long-term growth. The NGC will not only see our production capacity increasing substantially,

we will also see productivity gains as a result of economies of scale as we undertake initiatives to develop our in-house technological competencies and expand our human capital in the coming years,” said Kuan.

First interim dividend of 3.5 sen per share single tier for the financial year ending 31 March 2014

EX-date 27/11/2013
Entitlement date 29/11/2013
Payment date 19/12/2013

EX-date 04/03/2014
Entitlement date 06/03/2014
Entitlement time 04:00:00 PM
Entitlement subject Second interim dividend
Entitlement description Second interim dividend of 3.5 sen per share single tier for the financial year ending 31 March 2014
Period of interest payment to
Financial Year End 31/03/2014
Share transfer book & register of members will be 06/03/2014 to 06/03/2014 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no Symphony Share Registrars Sdn Bhd
Level 6, Symphony House,Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan.
Tel: 03-78418000
Fax: 03-78418151, 03-78418152
Payment date 27/03/2014

http://www.thestar.com.my/Business/Busines...n-lower-prices/

Hartalega net profit down on lower prices

Price drop even after dividend announcement.

Next year maybe will recover a bit. Hartalega brand new 24lines is under construction.

so, in view long term hold.. this is undervalued? almost year low.

haha only 24? not more?