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KLSE: HARTA       HARTALEGA HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
7.44 5.89     -1.55 (20.83%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
27/03/2020 6.92 7.10 +0.18 (2.60%) BUY MACQUARIE GROUP Price Target News
26/03/2020 6.80 7.40 +0.60 (8.82%) BUY PUBLIC BANK Price Target News
26/03/2020 6.80 8.00 +1.20 (17.65%) BUY KENANGA Price Target News
26/03/2020 6.80 5.99 -0.81 (11.91%) HOLD HLG Price Target News
26/03/2020 6.80 6.50 -0.30 (4.41%) HOLD BIMB Price Target News
26/03/2020 6.80 6.09 -0.71 (10.44%) SELL AmInvest Price Target News
26/03/2020 6.80 6.40 -0.40 (5.88%) HOLD AffinHwang Price Target News
25/03/2020 6.95 7.00 +0.05 (0.72%) BUY KENANGA Price Target News
13/03/2020 6.34 6.09 -0.25 (3.94%) SELL AmInvest Price Target News
12/02/2020 6.09 7.40 +1.31 (21.51%) BUY PUBLIC BANK Price Target News
12/02/2020 6.09 6.85 +0.76 (12.48%) BUY MalaccaSecurities Price Target News
12/02/2020 6.09 7.00 +0.91 (14.94%) BUY KENANGA Price Target News
12/02/2020 6.09 6.20 +0.11 (1.81%) HOLD JF APEX Price Target News
12/02/2020 6.09 5.99 -0.10 (1.64%) HOLD HLG Price Target News
12/02/2020 6.09 6.50 +0.41 (6.73%) HOLD BIMB Price Target News
12/02/2020 6.09 5.38 -0.71 (11.66%) SELL AmInvest Price Target News
12/02/2020 6.09 6.40 +0.31 (5.09%) HOLD AffinHwang Price Target News
04/02/2020 5.82 7.10 +1.28 (21.99%) BUY MACQUARIE GROUP Price Target News
29/01/2020 6.24 5.32 -0.92 (14.74%) SELL UOBKayHian Price Target News
22/01/2020 5.88 6.50 +0.62 (10.54%) BUY Rakuten Price Target News
22/01/2020 5.88 5.75 -0.13 (2.21%) HOLD MAYBANK Price Target News
22/01/2020 5.88 6.50 +0.62 (10.54%) BUY KENANGA Price Target News
18/12/2019 5.25 4.95 -0.30 (5.71%) SELL MAYBANK Price Target News
07/11/2019 5.41 4.60 -0.81 (14.97%) SELL JF APEX Price Target News
06/11/2019 5.45 5.20 -0.25 (4.59%) HOLD PUBLIC BANK Price Target News
06/11/2019 5.45 4.90 -0.55 (10.09%) HOLD MIDF Price Target News
06/11/2019 5.45 5.10 -0.35 (6.42%) SELL MalaccaSecurities Price Target News
06/11/2019 5.45 6.00 +0.55 (10.09%) BUY KENANGA Price Target News
06/11/2019 5.45 5.10 -0.35 (6.42%) HOLD HLG Price Target News
06/11/2019 5.45 5.10 -0.35 (6.42%) HOLD BIMB Price Target News
06/11/2019 5.45 4.96 -0.49 (8.99%) HOLD AmInvest Price Target News
06/11/2019 5.45 4.50 -0.95 (17.43%) SELL AffinHwang Price Target News
23/10/2019 5.24 5.85 +0.61 (11.64%) BUY Rakuten Price Target News
23/10/2019 5.24 5.85 +0.61 (11.64%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
27/03/2020  MACQUARIE GROUP Hartalega’s Next Phase of Expansion: NGC 2.0
26/03/2020  PUBLIC BANK Hartalega Holdings Berhad - Land Purchase to Pave Way for NGC 2.0
26/03/2020  KENANGA Hartalega Holdings - Land Acquisition Removes Uncertainty
26/03/2020  HLG Hartalega - Acquisition of Land in Banting for NGC2.0
26/03/2020  BIMB Hartalega - Acquiring land for NGC 2.0
26/03/2020  AmInvest Hartalega Holdings - Land acquisition for further expansion
26/03/2020  AffinHwang Hartalega - Continues Growing With NGC 2.0
25/03/2020  KENANGA Hartalega Holdings - +2.0SD Up-cycle Peak Earnings Valuation
13/03/2020  AmInvest Hartalega Holdings - FY21F net margin to improve slightly on Covid-19
12/02/2020  PUBLIC BANK Hartalega Holdings Berhad - Momentum Remains
12/02/2020  MalaccaSecurities Hartalega Holdings Bhd - Higher Demand Amid Global Health Crisis
12/02/2020  KENANGA Hartalega Holdings - 3rd Consecutive Sequential Earnings Improvement, Gathering Momentum
12/02/2020  JF APEX Hartalega Holdings Berhad - Within Expectations
12/02/2020  HLG Hartalega - Higher Sales Volume Generated in 3QFY20
12/02/2020  BIMB Hartalega - Riding Steady on Increasing Global Demand
12/02/2020  AmInvest Hartalega Holdings - Higher sales volume but flattish ASP QoQ
12/02/2020  AffinHwang Hartalega - Better Outlook Ahead
04/02/2020  MACQUARIE GROUP Positive on Malaysia Rubber Glove Sector: TOPG and HART
29/01/2020  UOBKayHian Rubber Gloves – Malaysia - New Coronavirus Sparks Loftier But Justified Valuations
22/01/2020  Rakuten Hartalega Holdings - Higher Demand to Boost Earnings
22/01/2020  MAYBANK Malaysia Gloves Sector - High Possibility of Pandemic Outbreak
22/01/2020  KENANGA Hartalega - Earnings Gathering Momentum
18/12/2019  MAYBANK Top Glove - Increasing Nitrile Exposure
07/11/2019  JF APEX HARTALEGA - Hartalega Holdings Berhad - Facing Short Term Headwinds
06/11/2019  PUBLIC BANK HARTALEGA HOLDINGS BERHAD - Gradual Recovery
06/11/2019  MIDF Hartalega - Earnings Supported by Higher Sales Volume
06/11/2019  MalaccaSecurities Hartalega Holdings Bhd - Another Underperformance
06/11/2019  KENANGA Hartalega Holdings - 2nd Consecutive Sequential Earnings Improvement Gathering Momentum
06/11/2019  HLG Hartalega - Hurt by Lower ASP
06/11/2019  BIMB Hartalega - Below expectation
06/11/2019  AmInvest HARTALEGA HOLDINGS - Sequential Improvement Expected to Continue
06/11/2019  AffinHwang Hartalega - Recovering But Still Short
23/10/2019  Rakuten Hartalega Holdings - Driven by Expansion
23/10/2019  KENANGA Hartalega Holdings - Expect Sequential Earnings Improvement To Gather Momentum



  7 people like this.
 
ChloeTai Both Public Bank Research and Kenanga put Target Price RM8.00.
26/03/2020 6:14 PM
ChloeTai https://klse.i3investor.com/blogs/hleresearch/2020-03-26-story-h1485644209-Hartalega_Acquisition_of_Land_in_Banting_for_NGC2_0.jsp
26/03/2020 6:31 PM
ChloeTai https://www.theedgemarkets.com/article/now-worlds-hospitals-are-running-out-vital-rubber-gloves
26/03/2020 8:18 PM
Abismail https://www.bloomberg.com/news/articles/2020-03-26/the-world-could-run-out-of-gloves-as-plants-curbed-in-lockdown?srnd=premium-asia

Even at full capacity, Malaysia’s producers won’t be able to meet the current need. Top Glove said it’s seeing orders for as many as 2.6 billion gloves weekly -- double its full capacity. The company, which supplies a little more than a quarter of the world’s gloves, recently received an exemption to fully staff its production lines.

“We are running 24 hours, two shifts on the production floor,” said Lim Wee Chai, Top Glove’s executive chairman. “There’s a definite shortage already.”
26/03/2020 8:33 PM
Abismail the glove price/1000 will be high
26/03/2020 8:34 PM
maxprofit2020 Harta perhaps is the only stock in Bursa able to break the ceiling of higher high overtime during outbreak period.

Expect a healthy correction before surge to the new high (> RM 7).
27/03/2020 8:15 AM
Mabel Meow..

Looking forward to see it breaches RM 7 again next week..
27/03/2020 5:38 PM
ChloeTai A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The green colour of the body of the hammer indicates a stronger bull uptrend.
27/03/2020 5:48 PM
ChloeTai Hartalega’s Next Phase of Expansion: NGC 2.0
Source : MACQUARIE GROUP, Price Call : BUY, Price Target : 7.10
Last Price : 6.99, Upside/Downside : +0.11(1.57%)

First target is MACQUARIE GROUP's of RM7.10.
27/03/2020 5:51 PM
ChloeTai At least one Glove Counter in your YEAR 2020 portfolios.The reasons are:

1) Ultilisation above 95% due to Covid-19 and get approval to operate at 100% capacity during MCO and also extend to its suppliers.Higher ultilisation will reduce the operation cost.

2) Higher selling prices by 3% to 5%for gloves due to shortage of gloves and the orders for the gloves are up to 6 months ahead. The margin expected higher than H1N1 which range from 20% to 40%

3) Export counter -Stengthening of USD against Ringgit by 5% to 10% will benefit glove counters.

4) Sharp decrease in raw material cost by 1% -5 % used in production of nitrite glove due to low oil price.

5) Capacity expansion by most glove counters.

6) Cut in OPR rate - 50bps by bank negara result in lower interest cost for all glove counters. Expect another 25bps cut in May 2020.

7) Lower electricity by 2% under economic stimulus package for 6 months.
28/03/2020 9:20 AM
东方不败 TOP GLOVE - TARGET PRICES FROM ALL MAJOR INSTITUTIONS (27 MARCH 2020)

https://klse.i3investor.com/blogs/DFBB/2020-03-27-story-h1485673007-TOP_GLOVE_TARGET_PRICES_FROM_ALL_MAJOR_INSTITUTIONS_27_MARCH_2020.jsp
28/03/2020 6:18 PM
TradeLearner The fact that so many countries are doing lockdown means the virus outbreak is going to long but in lower numbers.. Hence, the glove demands will remain high for few Qs. Once it start being reflected in the results in coming Quarters, then the price will continue climbing.
30/03/2020 9:59 AM
Rf888 You can compare between harta and top glove. Top glove revenue is higest than harta, but net profit top glove is less than harta. The coming quarter will continue go to RM8, hope can go to RM9 to 10
30/03/2020 1:47 PM
mayzam Dream on
30/03/2020 3:40 PM
YAPSS YAPSS Quick Summary and Free 10 Years Financial Data of Hartalega Holdings Berhad:
https://www.yapss.com/post/hartalega-holdings-berhad-harta-5168
30/03/2020 8:50 PM
joelim17 BIG 4 Glovemakers in M'sia: Harta - TopGlove - Kossan - Riverstone

【独家】近郭鹤年财富50% 4手套天王身家204亿

https://www.enanyang.my/news/20190312/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E8%BF%91%E9%83%AD%E9%B9%A4%E5%B9%B4%E8%B4%A2%E5%AF%8C50-4%E6%89%8B%E5%A5%97%E5%A4%A9%E7%8E%8B%E8%BA%AB%E5%AE%B6204%E4%BA%BF/

【独家】菜农之子跻身亿万富豪 黄德顺隐形的手套天王

https://www.enanyang.my/news/20190319/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E8%8F%9C%E5%86%9C%E4%B9%8B%E5%AD%90%E8%B7%BB%E8%BA%AB%E4%BA%BF%E4%B8%87%E5%AF%8C%E8%B1%AA-%E9%BB%84%E5%BE%B7%E9%A1%BA%E9%9A%90%E5%BD%A2%E7%9A%84%E6%89%8B%E5%A5%97/
31/03/2020 8:11 PM
joelim17 50%操作禁令解除‧胶手套厂恢复生产
https://www.sinchew.com.my/content/content_2244357.html
31/03/2020 8:15 PM
mf COVID-19: Bank Negara unjur ekonomi Malaysia antara -2.0 hingga 0.5 peratus tahun ini
Oleh Wartawan Bisnes BH
bhbiz@bh.com.my
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Tweet
KUALA LUMPUR: Bank Negara Malaysia (BNM) mengunjur ekonomi Malaysia akan berkembang pada kadar antara -2.0 peratus hingga 0.5 peratus pada tahun ini susulan kesan negatif penularan COVID-19 dan juga harga komoditi utama seperti minyak mentah yang rendah.
03/04/2020 11:38 AM
Addy 目前投资股票好? 投资地产好?投资内需公司还是外需公司?
https://m.facebook.com/story.php?story_fbid=3123902660965204&id=1948179938790884
04/04/2020 11:29 AM
pang72 Harta still the stronger in glove
04/04/2020 9:08 PM
ttluck tp 8.8 enuz la..then can sell dy at this chun prize..
05/04/2020 12:03 AM
Rf888 Harta if can hold until august quarter result 10.000 above no problem. Material cost drop, ringgit drop, selling price increases, demand more than supply, oil price drop, very hard got so good of opportunity come together. Next month quarter result will announce. If you compare net profit, 7-5-2019 net profit is 91,360. So means the coming quarter result yoy sure improve. Next is the qoq, now demand more than supply, material cost drop, covid in USA so so seriously, so you feel how the result of qoq? If your answer is improve, than just keep it. Because you know the result sure good, now only glove counter will earn big money. Keep it and win big, dont keep buy and sell, you cant win big, see far.
06/04/2020 8:19 PM
Rf888 pang72, you can compare how much the revenue of top glove and harta, even revenue of top glove is higher than harta, but net profit top glove is less than harta. Means profit margin harta is higest than top glove. So this is the point you invest big money at harta no top glove.
06/04/2020 8:23 PM
LoneWolf88 Give face to topglove pls, it is the world's largest glove company and up 1 sen today...Hahaha
06/04/2020 8:29 PM
Rf888 Top glove also good, both also good company.
06/04/2020 8:55 PM
pang72 Rf888, you are absolutely right!
06/04/2020 11:25 PM
Rf888 Dont forget by this year maybe harta can get AMG glove FDA certificate and harta is only one have NGC factory. If can get amg glove certificate by this years, i think the share price will go higher. Only need 1 minit they can change the production to amg glove if market need amg glove.
07/04/2020 1:39 AM
Rf888 Suddenly think, now covid 19 dunno how about harta amg glove sales? Automatic kill bacteria glove i think should many ppl like it when happen covid 19?
07/04/2020 2:00 AM
vatbitrage flag riser stock
07/04/2020 1:54 PM
Pgraduate123 What it means flag Riser stock?
07/04/2020 6:14 PM
TradeLearner New high
08/04/2020 10:04 AM
Pgraduate123 Where are the 3 guys promoting to sell, sell, sell..
I begged them sell on that day 6.90
Aiyo... If haven't sell.... Pleeeease sell today its good price.. Lol.. Lol
08/04/2020 10:35 AM
TradeLearner Can't wait for May quarter release. That will be perspective to the effect of COVID-19 on the demand and profit
08/04/2020 10:47 AM
al8800 Harta run up , super wild today
08/04/2020 11:06 AM
kt_invest @ 7.35 now - 8 Apr 11.30am.
08/04/2020 11:28 AM
Rf888 Hold until august quarter result, harta higher record before split share is 12. When quarter result out will press down the PE. Hope this time before split can higher than before record 12. Now harta have ngc factory and amg glove, automatic kill bacteria glove, future more bright.
08/04/2020 5:30 PM
Rf888 You can see back the history chart, when the cycling finish start move up, the higher price is high than before. 2018 year higher price is 12 before split, if until august announced quarter result, how the price will going on?
08/04/2020 5:34 PM
TradeLearner Harta is to benefit from multiple factors, the surge in demand is evident, but their overhead cost will also be lower due to the lower natural gas price and also better exchange rate.

The only thing is missing now is the translation of these factors into result. If they can demonstrate that in the next quarter then we are will have another catalyst for the price movement.
08/04/2020 11:42 PM
RedEagle OPEC+ to Meet, With Cuts Expected
Oil ministers will be brushing up on their video conference skills tonight.

OPEC+ will hold its virtual meeting Thursday that many (bulls) are hoping will result in production cuts to stabilize the market.

WTI futures spiked 11% in late trading as Algeria revved up expectations, saying “massive” output cuts were on the cards, which could be around 10 million barrels per day.

That added to enthusiasm about Russia planning to offer cuts of 1.6 million barrels, Reuters reported, citing a Kremlin source.

U.S. participation could be the key to whether a deal goes through. But the world’s largest crude producer signaled it will contribute about 1.2 million bpd at most in cuts that would be market driven, not an official reduction.
09/04/2020 7:15 AM
presswood Time to enter while price spike, dont enter if price low and spread sell word
09/04/2020 9:10 AM
Pang Confidence of Harta coz of management and the situation now.
09/04/2020 9:54 AM
TradeLearner All in favor of HARTA. R1 at 7.50 looks like going to turn into the new support. Next resistance is at R2 (7.85)
09/04/2020 10:58 AM
Rf888 If coming result is good, pe will press down. August results i confident is more good because harta main sell glove to USA, and you can see now covid 19 in USA ? If coming two quarters delivery good result harta at least stand on 10, but need have holding power. I confident will higher than before price 12 before share split. Also very depend of the coming result how good? And how much the pe harta can press down. But in this covid 19 situation i think if want the result no good also very hard. And remember harta have ngc factory and amg automatic kill bacteria glove but other glove counter dont have.
09/04/2020 1:50 PM
Rf888 Total infrcted covid 19 : 1,519,080. USA : 435,160
09/04/2020 2:16 PM
pang72 Harta result will only be very good. No any other choice!!
09/04/2020 2:57 PM
Rf888 Yes, we continue wait until next month quarter result announcement, earn big together.
09/04/2020 3:05 PM
JN88 Congrat HARTA, the PE is 62 now.....once the result out PE will drop to 50+......dont listen to sohai sifu keep telling people PE is too high.....sifu cant open class and sapu money...no money buy stock already...
09/04/2020 3:06 PM
newbie8080 PE does not matter at this time as the whole world needs glove and Malaysia is the world's largest producer.

Based on the news article, most glove manufacturers are running at almost 100% capacity.

Besides that, the bosses are saying they cannot meet the current demand and will spill over to next quarter(4-6 months backlog)
As topline and bottomline will support the price surge.

PE will adjust with earnings later on.
09/04/2020 3:31 PM
pang72 A very important catalyst for Harta to swing up is the future expansion plan which been announced.
This make Harta diff to other!
09/04/2020 5:04 PM
pang72 The only stock that no worry on ordering drop!!
The uptrending is confirmed and very solid.
09/04/2020 5:06 PM

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