Stay updated with breaking news from Nursuhaiza hashim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Ying Xian Wong Hartalega Holdings shares fell Wednesday despite reporting a third-quarter profit, as analysts cast doubt on the company's outlook. Shares. ....
The good news that came late for Top Glove theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Three questions for Hartalega boss at the group's media briefing today theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 26): Hartalega Holdings Bhd’s share price fell in Bursa Malaysia morning trade today on profit taking after climbing yesterday ahead of the rubber glove manufacturer’s quarterly financial results announcement, which showed a significant rise in net profit and revenue from a year earlier. At 9.02am today, Hartalega’s share price was 20 sen or 1.54% lower at RM12.80. At RM12.80, Hartalega had a market capitalisation of about RM43.9 billion. In a Bursa filing yesterday, Hartalega said net profit rose to RM1 billion for the third quarter ended Dec 31, 2020 (3QFY21), from RM121.27 million a year earlier, while revenue climbed to RM2.13 billion from RM796.55 million. ....
KUALA LUMPUR (Dec 10): Some analysts that cover Top Glove Corp Bhd have raised their earnings forecasts for the glove making giant, but kept their target prices (TPs) for the counter. The move is considered unusual, since an increase in earnings forecasts typically leads to an upward revision of TPs, or for stocks that do not have buy calls, an upgrade in recommendations. Kenanga Research s Raymond Choo pointed out that Top Glove s first quarter ended Nov 30, 2020 (1QFY21) profit after tax and minority interests of RM2.38 billion came in at 36% of Kenanga s full-year forecasts and 26% of the consensus estimates. He has raised his FY21 net profit forecasts by 40% after raising its average selling price (ASP) assumption to US$70 per 1,000 pieces, from US$55 per 1,000 pieces previously, and assuming 80% utilisation of 75 billion pieces worth of sales volume, taking into account the temporary production loss at Top Glove s Klang factories. Its FY22 ASP assumption remains ....