PublicInvest Research
Technical Buy - HLT (0188)
PublicInvest
Publish date: Mon, 08 Apr 2024, 11:04 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Description
HLT is primarily involved in designing, fabricating, installation, testing, and commissioning of glove-dipping lines. Additionally, the Group provides upgrading and modification works for glove-dipping lines, as well as supplies and trades associated parts and components.
Fundamentals
As projected by the Malaysian Rubber Glove Manufacturers Association (MARGMA), glove demand is expected to resume its 10% annual growth trajectory due to various drivers, such as increasing hygiene awareness, an aging population, and the recovery of non-COVID19 related demand.
Source: PublicInvest Research - 8 Apr 2024
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