The Group changed its depreciation method from reducing balance method to straight line method with effect from 1 April 2016 to better reflect the estimated economic useful lives of the assets. The effect of this change in accounting estimate is a decrease in depreciation charge amounting to RM4,440,000 for the current quarter and financial year-to-date.
HH20042273iii: not very understand, so it means not that bad?
Nigel LowWith Zika spreading in Asia, hospital traffic will grow therefore increased in purchase of surgical gloves.
awiezebut too slow compared to topglove or supermx
Nigel LowDiscovery of Zika in sg only happened in recent days, this is just the tip of an iceberg in my opinion. If this outbreak cannot be contain, it will start to spread. Glove counter will do well be it topglove or supermx. Whatever it is tread carefully, don't just listen to my opinion.
Nigel LowNo matter how advance we are, we're still plagued with dengue, impossible to eliminate so when comes to Zika, this issue can pose a bigger problem for pregnant ladies. Not only that, Guillian Barre Syndrome is closely related to Zika. A friend of mine contracted GBS 3 months ago, was in hospital for weeks, can't move and talk, total paralysis. Takes weeks for recovery.
"Compared with pre-Zika rates, Guillain-Barre increased 172 percent in the state of Bahia, Brazil, which was hard hit by the Zika outbreak. They saw similar increases in other countries, with Guillain-Barre cases rising 211 percent in Colombia, 150 percent in the Dominican Republic, 100 percent in El Salvador, 144 percent in Honduras, 400 percent in Suriname and 877 percent in Venezuela."
reiki6Harta apparently slower than its peers on price rise... any comment?
Nigel LowDirector seems to be buying back shares aggressively.
anson8222Yup, especially the chairman, Kuan Kam Hon. You will noticed in the annual report that he can't even in the list of top 30 biggest shareholder so maybe is time to increase his stake in the company.
In the 1980s, it took 15 workers to produce one million gloves but with increasing automation of production lines, manufacturers have manage to reduce the headcount to 4 workers.
“At Hartalega, our productivity is much higher. Today, we only need 3.5 workers to make a million gloves,” said Kuan.
“We are grateful for government’s support because automation is capital-intensive. As we expand, we hire more engineers, chemists and market development specialists.
When Hartalega made its debut on Bursa Malaysia in 2008, the investing community of stock analysts and fund managers got to know that it is the world’s fastest glovemaker. Hartalega was churning out 28,000 gloves per hour at that time.
What this means is that the company produces more gloves with less resources compared with its rivals. Today, Hartalega continues to earn fat profits for its shareholders as it banks on lean manufacturing.
“We have 24 lines here and they are designed to run at 45,000 pieces of glove per hour,” he said.
Read More : http://www.nst.com.my/news/2016/07/159039/hartalega-%E2%80%94-investors-darling