Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
Research House: RHB

KUALA LUMPUR: RHB Research maintains its Outperform call on Hartalega after its recent meeting with the management on the latest corporate developments.

'Our ex-bonus fair value will be revised downwards to RM6.19 (cum= basis RM9.29) while the theoratical share price ex-bonus price based on Friday's closing price of RM5.02, still provides an upside of some 23.3%. No change to our Outperform call on the stock,' it said on Monday, Sept 6.

RHB Research said Hartalega's growth strategy would include growing organically by building new production capacity; leveraging on its technical know-how; expanding its nitrile glove exports to more developed nations; and ''developing human capital as well as improving its processes to enhance its competitiveness against its peers.