[HARTALEGA HOLDINGS BHD：NGC设施的工厂5已运行12条生产线中的10条生产线，剩下的生产线会继续逐步投产，工厂6结构的建设已经开始，2019年下半年将开始提供配套设施]

4Q19 vs 4Q18:
第四季度，贺特佳实现销售收入6亿8,390万令吉，较去年同期增加6,700万令吉或10.9％。销售收入增加的原因是销量增长。

YTD19 vs YTD18：
贺特佳于本期间实现销售收入28.3亿令吉，较去年同期录得的24.1亿令吉增加4.222亿令吉或17.6％。随着丁腈手套需求的增长和生产能力的不断提高，销售收入增长了10.1％。税前利润增加了2,540万令吉或4.8％，由5亿2640万令吉增加至5亿5,190万令吉。由于客户的有利需求和额外的生产能力，销售额增加推动了税前利润的增长。

4Q19 vs 3Q19：
本季度税前利润减少3630万令吉或24.2％，主要由于令吉在短时间内大幅升值，因为贺特佳未能及时将相应的成本增加转嫁给客户。

前景：
随着全球橡胶手套需求的增长，Hartalega将继续其NGC产能扩张计划。 NGC设施的工厂5已运行12条生产线中的10条生产线，剩下的生产线会继续逐步投产。工厂6结构的建设已经开始，2019年下半年将开始提供配套设施。工厂5和工厂6的年装机容量将分别达到47亿件。新工厂 - 工厂7也在扩建管道中，以满足专注于小型订单的需求产品。工厂7的年装机容量为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。

自从在英国推出抗菌手套（AMG）以来，Hartalega已收到来自10多个国家的客户的订单。该公司还致力于确保联邦药品管理局（FDA）批准美国市场，美国市场有认知度更高的医疗保健专业人员，他们了解关于医疗保健相关感染的危险。 FDA的批准将为产品的安全性和有效性提供强有力的第三方证明。由于新医疗产品处于入门和教育阶段，他们预计AMG将在未来几年做出有意义的贡献。 AMG的销售预计也将获得动力，因为它将会有具竞争力的价格，以确保快速的市场接受。

Hartalega认为，随着行业参与者控制扩张的步乏以及全球橡胶手套的市场需求持续增长，新产能将在未来几个季度逐步被市场消化。 Hartalega还开展了各种成本优化和自动化计划，以减轻潜在的利润压力。展望未来，Hartalega对橡胶手套需求增长，NGC持续扩张以及AMG市场份额潜在增长所带来的长期前景保持乐观。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.32 (dividend RM0.015) in 8 months 23 days, total return is 86.7%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.45 in 4 months 19 day, total return is 81.3%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.35 in 10 months 6 days, total return is 69.8%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 in 4 months 13 days, total return is 40.9%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.37 (dividend RM0.0825) in 6 months 21 day, total return is 29.8%

f) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.77 (dividends RM0.03) in 7 months 7 days, total return is 25.9%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM1.07 in 4 months 7 days, total return is 25.9%

h) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.69 in 3 months 15 days, total return is 20%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 5 months 17 day, total return is 13%

j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.11 in 3 months 15 days, total return is 6.7%

k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.06 (dividend RM0.061) in 9 months 7 day, total return is 4.1%

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

1)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

5月25日星期六：Hotel Sri Petaling, KL

6月15日星期六：Silka Johor Bahru Hotel, Johor Bahru

6月23日星期日：AG Hotel Penang, George Town

2)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

5月26日星期日：Hotel Sri Petaling, KL 3份点心

7月27日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月11日星期日：AG Hotel Penang, George Town 4份点心

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

6月9日星期日：Hotel Sri Petaling, KL 3份点心

6月16日星期日：Silka Johor Bahru Hotel, Johor Bahru 5份点心

6月22日星期六：AG Hotel Penang, George Town 4份点心

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

为了方便大家查询我写过的公司和选股文章以及视频，制作了索引。大家只要依照日期，就能从这 
https://web.facebook.com/jamesshareinvest/posts/2249007575365984 找到公司和选股文章以及视频。

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram，获取最新的资讯： https://www.instagram.com/p/BxML5PigQeu

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[HARTALEGA HOLDINGS BHD: Plant 5 of NGC facility has commissioned 10 out of 12 lines with remaining production lines to come onstream progressively, construction of Plant 6 structure has started and the supporting facilities to follow in second half of calendar year 2019]

4Q19 vs 4Q18:
For the 4th quarter, the Group achieved sales revenue of RM683.9 million, representing an improvement of RM67 million or 10.9% from corresponding quarter in preceding year. The higher sales revenue achieved was attributed to the growth in sales volume.

YTD19 vs YTD18:
The Group achieved sales revenue of RM2.83 billion in the current period, representing an increment of RM422.2 million or 17.6% from RM2.41 billion recorded in corresponding period in preceding year. The growth in sales revenue was contributed by improvement in sales volume of 10.1% in tandem with growing demands for nitrile gloves and continuous expansion in improving production capacity. Profit before tax registered an increase of RM25.4 million or 4.8%, from RM526.4 million to RM551.9 million. The increase in profit before tax was driven by higher sales volume attributed to favourable demand from customers and additional production capacity.

4Q19 vs 3Q19:
Profit before tax for the quarter eased by RM36.3 million or 24.2% mainly due to sharp strengthening of the ringgit in a short time frame as the Group was unable to pass on the corresponding cost increase to customers in a timely manner.

Prospects:
In line with growing rubber glove demand globally, Hartalega will continue with its NGC capacity expansion plans. Plant 5 of NGC facility has commissioned 10 out of 12 lines with remaining production lines to come onstream progressively. Construction of Plant 6 structure has started and the supporting facilities to follow in second half of calendar year 2019. 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 catering 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.

Since the launch of antimicrobial gloves (AMG) in UK, Hartalega has received orders from customers in over 10 countries. The company 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. The FDA approval will provide a strong third party testament to the safety and effectiveness of the product. As the new medical product is in its introductory and educational phase, they expect AMG to contribute meaningfully in the coming years. Sales of the AMG is also expected to gain momentum as it will be priced competitively to ensure quick market acceptance.

Hartalega believes the new capacity will gradually be taken up in the coming quarters as industry players regulate expansion and market demand for rubber gloves continues to grow globally. Hartalega have also embarked on various cost optimisation and automation initiatives to mitigate potential margin pressure. Moving forward, Hartalega remains optimistic of the longer term prospects underpinned by growing demand for rubber gloves, ongoing NGC expansion and potential growth of AMG market share.
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.32 (dividend RM0.015) in 8 months 23 days, total return is 86.7%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.45 in 4 months 19 day, total return is 81.3%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.35 in 10 months 6 days, total return is 69.8%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 in 4 months 13 days, total return is 40.9%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.37 (dividend RM0.0825) in 6 months 21 day, total return is 29.8%

f) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.77 (dividends RM0.03) in 7 months 7 days, total return is 25.9%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM1.07 in 4 months 7 days, total return is 25.9%

h) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.69 in 3 months 15 days, total return is 20%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 5 months 17 day, total return is 13%

j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.11 in 3 months 15 days, total return is 6.7%

k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.06 (dividend RM0.061) in 9 months 7 day, total return is 4.1%

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/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2249007575365984 by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng