Bursa Malaysia Stock Watch

Hartalega ' Hartalega NGC: Beating The Drums Of War

kltrader
Publish date: Mon, 16 Apr 2012, 12:48 PM
kltrader
0 20,276
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Hartalega ' Hartalega NGC: Beating The Drums Of War                                                     Underperform
Briefing Note
-          Longer-term earnings growth would be driven by Hartalega's NGC project, which would add an additional 24.5bn pieces to capacity upon completion in 2021.
-          CY12 target PER and fair value raised to 12x (from 10x) and RM7.37 (from RM7.12) respectively on expectations that the successful implementation of the NGC project would see the company shift towards a 'high-volume' nitrile glove manufacturer and thus provide it with larger economies of scale to compete with its larger peers.

Source: RHB Research - 16 April 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment