Hartalega on track for stronger earnings

Quick Summary:

Hartalega Holdings Bhd’s return to the black in the first quarter of financial year 2025 (1Q25) reflects encouraging growth for the world’s largest nitrile medical glove producer, amid signs of recovery in demand in the glove industry.

Maybank IB Research has maintained its earnings forecasts with a “buy” call on the stock at a target price (TP) of RM4.28.

Maybank IB Research said some of the key takeaways from Hartalega’s recent conference call include its UR improved to 78% in 1Q25 from 73% in 4Q24.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaMaliUnited States

Topics: Hartalega MedicalGloves GloveIndustry /Business/Business News Corporate News EarningsGrowth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 21973631

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