Target RM2.64

Now 2.50

FY09-10 earnings upgrade. We are upgrading our FY09-10 earnings forecasts by 17- 38% to take into account of the better performance of Hartalega. Maintain Buy. Our target price is revised upwards to RM2.64 (previously RM2.25) based on a PER of 8x FY10 earnings. Besides having a market leadership in nitrile gloves in Malaysia, we understand that Hartalega also has the most advanced glove manufacturing technology among its peers. Having said that, the risks to our view include: 1) fluctuating nitrile latex prices, since nitrile latex makes up about 50% of its total production cost; 2) uncertainty in crude oil price direction, causing uncertainty in raw material prices, 3) weakening of US$, since the bulk of its sales are exported, and 4) high reliance on 2 major customers, Medline and Microflex, which make up more than 50% of total sales.


source... http://bursastreet.blogspot.com/search/label/HARTALEGA

3) weakening of US$, since the bulk of its sales are exported????

export can earn more RM................

weakening USD means lesser RM
if depr in USD accelerated, exporter might be hit
but they will hedge against it ..

The other way round, if RM is weakening, it just mean potentially high export number aka high sales.

yes

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Added on April 4, 2009, 3:16 pmbut that is potential - indirect impact
based on current figures, the currency movement gives direct impact.

This post has been edited by alfredfx: Apr 4 2009, 03:16 PM

Done 2.79.

My investment value is about double!

Currency is not a big deal. The more important is the production efficiency & utilisation!

Going forward, it expects to add another 10 lines capable of contributing 2.2bn pieces of gloves p.a (with an assumed utilisation rate of 70%). These lines would be housed in its new Plant 5.

refer http://bursastreet.blogspot.com/search/label/HARTALEGA

I expect this stock able to break 3.00 soon!

is this insider information?

yes

RM3??????????? :O

The forum seems quite enthusiastic. But would anybody tell me how Golden Goose will help me in CFD Trading and FOREX? I will appreciate your suggestion if you suggest the benefits of this tool in quantitative way.

This post has been edited by ericjones: Apr 14 2009, 09:53 PM

Topgolve want Harta

http://stockmarket.tailou.com/viewtopic.ph...7477179b4af901b

Offer 3.00....but now already 3.64

Maybe offer top up to 4.00 due to swine flu!

The glove manufacturing business is all about cost efficiency and Hartalega (although being a much smaller volume player) is the most efficient manufacturer in the world due to its patented high-tech manufacturing lines. This is a very disruptive model and will in time push other players out of business. Fyi, Hartalega is 3.5 times more efficient and its profit margin doubled the industry average. This means Hartalega can easily price its product at a much lower price to kill off competition. If you are a Topglove, Kossan or Supermax shareholder, be warned to jump ship to Harta asap.

It's just a matter of time, perhaps in the next 5 years, Hartalega will beat Topglove. That's why Topglove is desperate to take over Hartalega but Harta's management team rejected the offer outright (refer to this link):

http://www.bernama.com/bernama/v5/newsindex.php?id=327399

You don't reject an offer to merge with the biggest glove manufacturer unless management is confident it can beat Topglove. The only "dilemma" albeit a pleasant one, is that demand far out strip supply. My only hope is for Harta's management team to be more aggressive in its expansion plan. It just increased its capacity this year from 3.5 billion gloves to current 6.3 billion gloves and it's immediately fully utilized! I wish they were bolder during the expansion plan and expands more aggressively.

Fyi, I'm still accumulating at RM5+ as the intrinsic value of the company is much higher than that. Shifted a few hundred thousands to the counter and will continue to buy. Harta's ROE is so good even Public Bank lose out to it! For those who have bought, NEVER sell at merely a few thousands gain. This company will grow at a CAGR in excess of 20% yearly and this will work massively in your favour the longer you keep it.

Latexx is expanding like mad and its model is not sustainable. I think it's over extending itself too thin and will likely be the next candidate to be eaten up if it's not careful of its cashflow or temporary over-capacity develops. Then, I hope Harta can gobble it up

This post has been edited by kchong: Oct 13 2009, 12:39 PM

why i unable to see hartalega at KLSE ?

Can i know the name of hartalega name is www.klse.com is which stock code ?

Really need your advice on this

thanks

Try 5168 Harta

Hartalega broke the RM5.6 threshold! More upside to go when it reports its quarterly financial result in November Again, don't be tempted to sell too early. Intrinsic value is about RM6.5 in 2009 and RM7.6 in 2010.

This post has been edited by kchong: Dec 30 2009, 12:38 AM

it's what.. 5 times last year's value now? fooooooh!

Actually, the company under-priced its IPO. The intrinsic value is much more than that. That's why the share price keeps on rising from the day of listing. Many uncles/aunties will be so scared to buy the counter now thinking the price has more than doubled since early of the year and will just complain about the opportunity lost few years down the road when Harta's price continue to climb

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Added on November 10, 2009, 10:38 pmYet another set of sterling quarterly result achieved by the company, with record high revenue and profit. Its profit margin is by far the highest in the industry, which not even Topglove can rival. Revenue grew 7% qtq while profit grew by 26%! Automation and state of the art technology deployed by Hartalega will give less efficient manufacturers a run for their money. Next year when the new production lines start operating, production capacity will expand to 10 billion gloves from the current 6.5 billion, an increase of 54%. The best part is, these new capacity can easily be fully committed from the moment they push the start button. I'm a very happy shareholder

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Added on January 1, 2010, 4:47 pmIt's the beginning of the year and time to do some stock take. Harta closed the year 2009 at its highest at RM6.22. Those who have sold too soon, better luck next time. I'll be holding on this counter for at least another 3 years, most likely forever.

Anyone got any information about Adventa's latest capacity expansion? It seems that Adventa new manufacturing lines are even more efficient than Harta


This post has been edited by kchong: Jan 1 2010, 04:47 PM

Harta new TP
RM10

may consider get some after CNY

Where does the TP comes from?

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?

Given current EPS, the most expensive glove maker, and being the smallest one too.

More, but only 24 is in the making.

hmm it seems like u got some good info from hartalega..

Didn't you read the quarterly report posted a few post above?
Theie CEO did mention that, although I do supply some of the steel materials for their project.

All I can say is 'haha'

but I'm sorry, don't quite get you though.

Hartalega Holdings Bhd’s earnings fell in the third quarter and nine-months ended Dec 31, 2014 on lower lower average selling prices and higher production costs.

The world’s largest synthetic glove manufacturer reported its earnings fell 14.4% to RM49.52mil in the third quarter from RM57.88mil a year ago. Revenue however increased 6.9% to RM286.41mil from RM267.82mil.

Earnings per share were lower at 6.39 sen compared with 7.81 sen. It declared an interim dividend of three sen.

For the nine-months ended Dec 31, 2014, its earnings fell 15.9% to RM154.76mil from RM184.06mil in the previous corresponding period. However, revenue rose just 1.7% to RM840.85mil from RM826.78mil.

Despite these challenging market conditions, Hartalega was confident of sustaining its long-term growth with its capacity expansion plans via the Next Generation Integrated Glove Manufacturing Complex (NGC).

In January 2015, Hartalega commissioned the first two productions lines of the NGC.

Second interim dividend of 3 sen per share single tier for the financial year ending 31 March 2015

EX-date 03/03/2015
Entitlement date 05/03/2015
Entitlement time 04:00:00 PM
Payment date 26/03/2015

Tuesday, 14 Feb 2017

6:20PM HARTA TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

6:20PM HARTA Second Interim Single Tier Dividend 2 Sen

6:19PM HARTA Nine-month net profit 193.975 million (decreased 1.15%)

Damn......didn't monitor this counter for one year, and just realised it has jumped from around RM 4.50 beginning of the year, to more than RM 9.30 now.
What happened over the course of the year???

i m curious as hell too. net income is not growing compared to 2016, improved cf, P/E exploded to 42. perhaps good news related to this stock?

Well, there have been several good news over the year, like the plans to build three more plants, slowdown of some glove suppliers in China, stronger-than-expected quarterly profits, etc. but I would have thought that it would have been priced in already.
Not sure if I missed any major good news.

haha, lets research more than share out for discussion. minority shareholders like us need to share and care.

diversified business involves more complicated analysis.

Yes indeed.
I have been too involved in my cryptocurrencies investments, and neglected practically all my conventional investments.
Need to start reading up and getting myself up to date again.

Anyone know what happen to this stock? Last Price 11.34 then today dropped to 6.00?

Bonus Issue, 1 for 1.

Heard there is new glove launching by Hartalega in UK, is it true?
Also, some said Hartalega is listed to KLCI recently, so, is it true?
If so, then why the price still no moving?
Please advise sifu.
Arigato

The new anti-bacterial gloves where the tech suppose to have most of the bacteria can't stick on the gloves.
If not mistaken waiting FDA approval and will launch somewhere in Q1 2019.

Hartalega listed recently? It's listed since 2008

Price not moving? Maybe too expensive already but the stocks have had many bonus issues in the past.
It is the most expensive glove company in Malaysia now.

Bump 😬

https://www.freemalaysiatoday.com/category/...tional-tax-bill

LHDN collection spree have infected Hartalega....
Slapped with RM101.36mil tax bill for period of 2017 to 2022

This is quite the disruption.....

LHDN very active in collections of tax....
Hartalega might be negative affected by this...

if Harta drop below RM1, I sapu a bit