Hartalega is the only share that is insulated by Dow Jones correction, reason:

- High quality big 6 US customers funded by US Government: Hartalega supplies 50% to big 6 US high profile customers in medical industry. These high profile customers are funded by US government in their bid to combat the Novel Coranavirus. US government has increased direct funding into these medical industry and thus there is no risk that Hartalega will not be able to receive payments. Compared to other glove stocks that have customers that are scattered, Hartalega's customers are of high quality and unlikely that they will go bankrupt as they are directly funded by their respective government. The same cannot be said for other glove companies whose customers profile are between low, medium and high quality.

- US glove is out of stock: As reported in US that a 2nd wave of Covid may hit its country after reporting spike in cases in key areas in US, glove may continue to face acute shortage in US. Among glove companies, Hartalega's presence in the US is the largest, thus it stands to benefit from this.

- ASP hike. Most local IB's have factored in a mere 8-15% ASP hike compared to other glove counters that had hiked 50%. This mentioned was due to the concentrated high quality customers in Hartalega's customer profile. In reality, global glove pricing cannot vary that much between USD25/1000 gloves vs USD100/1000 gloves gap. It only make sense for Hartalega to hike further on pricing with their big 6 high profile customers as they do not have a market replacement. Is it noted that foreign IB's have hiked target price to RM20 - RM23 to factor in pricing hike of 40%.

- Leader in industrial efficiency. Compared to its peers, Harta leads in superior efficiency in industrial plant automation and cost savings. This will result in Harta being able to scale down cost per 1000 glove produced at a higher rate compared to its peers.

- At 50x PE FY21 EPS of 0.42/share, Hartalega is worth RM20.65 compared to RM12.44 now. This is in line with Kenanga analyst forecast that Hartalega is a laggard behind its peers in share price rally of only 100% vs its peers of 200%.