Hartalega's FY21 full year earnings is expected to leapfrog to RM2.8bil or EPS of RM0.83/share.
Superior margin ahead of its peers
TopGlove's profit is expected to jump by 5% for every 1% hike in ASP. Hartalega's profit is expected to jump 11% for every 1% hike in ASP. This is due to extreme efficiencies at NGC plant compared to its peers. Hartalega's plant are almost 100% automated.
ASP hike of 35% - 40% for June
Net profit to jump 350% - 400% from June and onwards. Assuming a 35% hike in ASP, Harta's net profit is expected to jump by 385%. Net profit for next quarter is expected to be between RM450mil - RM600mil.
Largest base in US
Harta's base in US is 55%. Compared to its peers, its the largest.
Antimicrobial glove catalyst
Game changer for Harta. No other big 4 glove companies is able to produce antimicrobial glove at a mass scale. This gloves has already been sold in Europe. Once FDA is obtain by year end, Harta is expected to command another premium to its share price.
Director acquisition of shares
Compared to its peers, only Harta's directors/founders have been acquiring shares at high prices. This is a strong sign that the management has absolute confidence in the company.
Valuation
Harta is undervalued compared to its peers at current valuation of 15x FY21 PE. Ascribe a 30x FY21 PE to arrive at RM24.80.
We believe Harta fully deserves to be the largest market cap company in Malaysia.
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Created by PelhamBlackFund | Jul 03, 2020
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Created by PelhamBlackFund | Jun 12, 2020
Bro you stuck in harta RM13? Ask nicely la we can push for you.. damn imposter
- fan of Pelham Blue from Twitter
2020-06-24 17:31
Factually inaccurate on ASP hike impact to profitability. Maybe mix up Harta with Top Glove?
2020-06-24 20:43
Lack of factual data and basis to support the write up. Completely rubbish
2020-06-24 23:53
Conman keep talking about ASP, tp, blablabla but on the other hand press down the price
2020-06-26 21:12
believe analyst 0.001% also loss money. They say good, you short, then say bad, you long. that's the correct strategy
2020-06-26 21:13
PelhamWhiteFund
Wahhh nice posting cousin. Bila nak balik raya? PKPP boleh merentas negeri FYI, raya also almost over dy. Come back la, granny says she misses you. So busy with all this research is it got no time for her?
2020-06-24 17:12