Gloves in Demand: Hartalega Expects Sequential Growth

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KUALA LUMPUR: Hartalega Holdings Bhd's latest set of results is bolstering optimism the glove maker will deliver sequentially stronger earnings in the coming quarters amid an improving demand outlook.

It said the demand-supply situation will resolve when there is virtually no more capacity coming onstream while global demand continues to rise 15% per annum underpinned by rising hygiene awareness.

Taking a more guarded view, Kenanga Research expects a more protracted oversupply situation, with the imbalance only heading towards equilibrium in 2026.

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Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: /Business/Business News Oversupply Analyst Reports Hartalega Profit Glove

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 10:17:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21061835

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