[HARTALEGA HOLDINGS BHD：2018年8月开始调试第5工厂，后面随着工厂6的建设中，工厂5和工厂6每年各自的装机容量为47亿件，新工厂 - 工厂7也在扩建计划中]

Q2 FY2019 vs Q2 FY2018
第二季度，集团实现销售收入7.142亿令吉，较去年同期增长1.296亿令吉或22.2％。销售收入增加的原因是丁腈手套需求增加，平均销售价格上涨，销量增长10.6％。税前利润增加了511万令吉或3.7％，同时实现了更高的销售额。销售收入的增长主要得益于客户需求的增长和平均销售价格的上涨以及丁腈成本的增加。

6M FY2019 vs 6M FY2018
贺特佳于本期间实现销售收入14.2亿令吉，较去年同期录得的11.9亿令吉增加2.349亿令吉或19.8％。销售收入的增长来自于随着丁腈手套需求的增长和不断扩大的生产能力改善，和销量增长了15.4％。销售收入的增加也是由于平均销售价格上涨所致。

税前利润增加3,520万令吉或13.9％，由2.53亿令吉改善至2.882亿令吉。由于客户的有利需求和额外的生产产能，销售额增加推动了税前利润的增加
。

Q2 FY2019 vs Q1 FY2019
本季度的收入从7.063亿令吉上升至7.142亿令吉，增加了790万令吉或1.1％。随着丁腈成本的增加，销售收入的增长与较高的平均销售价格一致。

前景：
随着需求供应的健康动态平衡，全球对橡胶手套的需求持续增长。丁腈手套目前占马来西亚橡胶手套出口的60％。为了满足不断增长的需求，Hartalega NGC已于2018年8月开始调试第5工厂，后面随着工厂6的建设中。工厂5和工厂6每年各自的装机容量为47亿件。新工厂 - 工厂7也在扩建计划中，针对小型订单进行定制，重点关注特种产品。工厂7每年装机容量是26亿件。 NGC对集团销售收入的贡献将进一步增加集团的收益。

上一个季度在英国推出抗菌手套（AMG）后，AMG的第一批货已经在九月交付给德国主要的医疗用品公司。与此同时，Hartalega也收到了来自10多个国家的客户的订单。贺特佳还致力于确保美国联邦药物管理局（FDA）批准用于美国市场，其中美国的医疗保健专业人士有医疗保健相关感染的危险的认识。预计AMG的销售将会增长，会具有竞争力的价格，以确保快速的被市场接受。尽管成本上升和竞争加剧可能带来潜在挑战，但Hartalega仍然对未来NGC扩张和AMG市场份额潜在增长所带来的前景保持乐观。
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.86 in 2 months 28 day, total return is 20.3%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.885 in 4 months 8 day, total return is 11.3%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

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James Ng
------------------------------
[HARTALEGA HOLDINGS BHD: has begun commissioning Plant 5 in August 2018 with construction of Plant 6 to follow, Plant 5 and Plant 6 will each have annual installed capacity of 4.7 billion pieces, a new plant – Plant 7 is also in the expansion pipeline]

Q2 FY2019 vs Q2 FY2018
For the 2nd quarter, the Group achieved sales revenue of RM714.2 million, representing a growth of RM129.6 million or 22.2% from corresponding quarter in preceding year. The higher sales revenue achieved was attributed to stronger demand for nitrile gloves and higher average selling price coupled with growth in sales volume by 10.6%. Profit before tax was higher by RM5.11 million or 3.7%, in tandem with higher sales achieved. The improvement in sales revenue was contributed by growing demand from customers and higher average selling price in tandem with increase in nitrile cost.

6M FY2019 vs 6M FY2018
The Group achieved sales revenue of RM1.42 billion in the current period, representing an increment of RM234.9 million or 19.8% from RM1.19 billion recorded in corresponding period in preceding year. The growth in sales revenue was contributed by improvement in sales volume by 15.4% in tandem with growing demands for nitrile gloves and continuous expansion in improving production capacity. The increase in sales revenue is also contributed by higher average selling price.

Profit before tax registered an increase of RM35.2 million or 13.9%, with improvement from RM253.0 million to RM288.2 million. The increased profit before tax was driven by higher sales volume attributed to favourable demand from customers and additional production
capacity.

Q2 FY2019 vs Q1 FY2019
Revenue for the quarter rose to RM714.2 million from RM706.3 million, improved by RM7.9 million or 1.1%. The growth in sales revenue was in line with higher average selling price in tandem with increase in nitrile cost.

Prospects:
The global demand for rubber gloves continues to grow with demand supply dynamics in healthy balance. Nitrile glove now accounts for 60% of Malaysian rubber glove export. In meeting the rising demand, Hartalega NGC has begun commissioning Plant 5 in August 2018 with construction of Plant 6 to follow. Plant 5 and Plant 6 will each have annual installed capacity of 4.7 billion pieces. A new plant – Plant 7 is also in the expansion pipeline tailoring to small orders focusing more on specialty products. Plant 7 will have an annual installed capacity of 2.6 billion pieces. The increasing contribution of NGC to Group sales revenue will contribute further to Group earnings.

After the launch of antimicrobial gloves (AMG) in UK last quarter, the first shipment of AMG have been delivered to a major German medical supplies company in September. Meanwhile, Hartalega have also received orders from customers in over 10 countries. Hartalega is also working on securing Federal Drug Administration (FDA) approval for US market where there is greater awareness among US healthcare professionals on the dangers of healthcare-associated infections. Sales of the AMG is expected to gain momentum as it will be priced competitively to ensure quick market acceptance. Notwithstanding potential challenges arising from rising cost and heightening competition, Hartalega remains optimistic of the prospects moving forward underpinned by ongoing NGC expansion and potential growth of AMG market share.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.86 in 2 months 28 day, total return is 20.3%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.885 in 4 months 8 day, total return is 11.3%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

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Final decision is always yours, thank you.

James Ng