I heard they will short Kossan until Tan Sri give up and sell the company ...

2.5 coming soon

GST ...

Jovanechua: you buy a lot??

KUALA LUMPUR (Aug 2): Hartalega Holdings Bhd executive chairman Kuan Kam Hon said prospects for the rubber glove manufacturer remain strong in the short term as glove demand is projected to remain high as the Covid-19 pandemic generates demand for gloves, which are seen as a crucial form of personal protective equipment to curb the spread of the pandemic.

Kuan said in a statement in Hartalega’s latest annual report that while demand for gloves is projected to remain high for the short term, such demand is expected to reach an equilibrium and average selling prices for gloves are subsequently expected to stabilise.

"Nonetheless, we are confident that the group is well-poised to realise our aspirations for long-term growth, more so as we have a robust structure in place. Taking a leaf from our history, when Hartalega was first established more than three decades ago in 1988, there were many entrants coming into the glove manufacturing sector.

"Today, only a handful have withstood the test of time, with Hartalega standing firm as a trusted leader in the industry, and we continue to leverage our proven track record. Although in recent times, competition in the sector is intensifying with ambitious expansion plans by industry participants and new entrants coming into the sector, we are confident that we will be able to stay the course.

"To effectively manage the risk of rising operating costs and raw material costs, we will continue to work closely with our suppliers. This will enable us to ensure sufficient supply of raw materials and achieve a cost pass-through mechanism to mitigate potential impact,” he said.

According to Hartalega’s website and Bursa Malaysia filing, Hartalega’s existing glove factories are located in Selangor within Sepang district and Bestari Jaya town. The facility in Sepang is known as the Next Generation Integrated Glove Manufacturing Complex (NGC), according to Hartalega’s website.

Hartalega is also building new manufacturing facilities in Kedah. In a March 10, 2021 Bursa filing, Hartalega said the company through its wholly-owned subsidiary Hartalega NSM Sdn Bhd had on that day inked a sales and purchase agreement with Northern Gateway Free Zone Sdn Bhd, a wholly-owned subsidiary of Northern Gateway Sdn Bhd (NGSB), for the acquisition of approximately 250 acres (100ha) of land within the Kota Perdana Special Border Economic Zone in Bukit Kayu Hitam.

NGSB is a wholly-owned entity of the Minister of Finance Inc, according to Hartalega.

Hartalega said: "Concurrently, both parties (Hartalega NSM and Northern Gateway Free Zone) also signed an option agreement for Hartalega to purchase another 130 acres (520 ha) of land in the same location. The acquisition of 250 acres of landmarks Hartalega’s latest phase of growth, with an investment of RM7 billion to build 16 new manufacturing facilities over the next 20 years.”

In the annual report, Kuan said the remaining four lines of Plant 7 of the NGC are set to be completed by 2021 to increase Hartalega's annual installed glove production capacity by 2.7 billion pieces a year.

He said the completion of Hartalega’s NGC 1.5 facility will increase the group's capacity to 63 billion pieces of gloves a year.

"Subsequently, our expansion plans in Kedah will increase our annual installed capacity by another 80 billion pieces per annum. These expansion plans are aligned with our medium-term milestone to expand our annual installed capacity to 95 billion pieces by 2027.

"As part of our longer-term strategy, Hartalega's total capacity will increase to 143 billion pieces of gloves per annum with the completion of the Kedah facility,” he said.

At Bursa’s 12:30pm break today, Hartalega's share price settled up one sen or 0.14% at RM7.05, valuing the group at about RM24.18 billion.

Hartalega has 3.43 billion issued shares, according to the company’s annual report.

Aiyoyo.....Covid happen ady 20 months , now only apply FDA ar?? why so slow??

Target RM 15

Lawman: Thank you for your advise, I will buy more Harta if drop....

Rm 20 Buy, RM 15 Buy RM 10 BUY , RM 8 BUy .....RM 6.6....i think can go to RM 4.5 hahahahahahahahahahahahahaha

I wait RM 1

I heard many small glove makers and new player going to bankrupt.....they can offer cheaper price and huge volume ...

ASP peak peak la.....Eevery quarter can get dividend until mother cant recognize and can buy at such low price with so many tickets..hahaha

brian3381: aiyo where got gap up? 7.08 is highest ma.....gap up is rm 1 like last year ....you very participate last year?

Why no people type Yes one??want the know the answer?

Do you know why profit so high?? If want to know please type Yess

see I'm correct.....66sen

Aiyoyoy RM 20 drop to RM 6.6 kikikiki

EPF disposed and buy Harta

Harta will record 1.7-2 billion profit

Good Morning...

EPF buy back at low again

NatsukoMishina: why you tell them and teach them...you should fool them gao gao..

Allllll green only Harta red...PUSH HARDER PUSH HARDER BANKER !!!!!!!!!!!

Go go go Harta you can make it 7.04 now .... 0.05 sen to go

Last minutes break RM 7 remember 4.45 pm shark will do work......the higher the covid price, the lower the glove stock price...

I dont care how the virus , today must below rm 7 ....only today rm 7 then you all will scare and cut loss.....kikiki

7.05 ...gogogo Harta

gogogo harta everyday drop rm 150-200 very consistent ... i like it

No body care the foreign investor.....the main purpose for me now is dividend investment .....I will keep using the dividend reinvest in this counter... with such low price i can keep buying ...and keep buying

Go go go Harta RM 7 you can make it....go go go

Ularsawa: you tunggu 2 quarters lagi, real taiko will come out...

Harta net profit RM 1.5 b ...better than Topglove .....the number of shares harta 3.2 b, but Topglove 8.2 b .....Topglove too many shares will dilute the earning , unless they big earn ...

Tommorow break Rm 7 below..

RM 7 coming Huat ar...second round...

Covid is over ..... yesterday record 570k + cases only.....

Every quarter you take dividend......after 2 years all tickets become free tickets...

gogogo rm 6.8 coming...best is rm 6.6

Fifo kaki who chasing high losing money now....kikiki

I'm very happy to see Fifo kaki keep losing money wakakakakakaka

Malaysia is a rubbish country , even Indonesia slowly wake up...

The windfall tax will fail....no worry...

KUALA LUMPUR (March 10): Glove giant Hartalega Holdings Bhd will be investing RM7 billion to build 16 new glove factories in Malaysia's northern region over the next 20 years.

As part of the expansion, the rubber glove manufacturer's wholly-owned subsidiary inked a sale and purchase agreement today with Northern Gateway Free Zone Sdn Bhd — a subsidiary of Minister of Finance Inc-owned Northern Gateway Sdn Bhd — for 250 acres (101.17ha) of land in the Kota Perdana Special Border Economic Zone (SBEZ) in Bukit Kayu Hitam, Kedah.

The purchase price of the land is RM228.7 million, according to a bourse filing.

Both parties have signed an option agreement for Hartalega to purchase another 130 acres or 52.61ha of land in the same location. Northern Gateway is the master developer of the SBEZ.

The acquisition is expected to be completed by March 2022, and is not expected to yield any impact on its share capital, substantial shareholders' holdings, net assets, earnings per share or gearing for the financial year ending March 31, 2021.

The land is freehold, and the purchase will be funded through Hartalega's internal funds and/or existing credit facilities. The first plant is expected to be completed in 2024.

As it currently stands, Hartalega produces 43 billion pieces of gloves per year. Its expansion plans include the NGC 1.5 in Sepang, which will boost its capacity to 63 billion pieces per year once it is completed.

With this longer-term expansion in Kedah, Hartalega will add another 80 billion pieces per year, resulting in its total capacity rising to 143 billion pieces per year once fully completed.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said Hartalega's choice to invest in the Kota Perdana SBEZ is an endorsement of the zone's rising status as a new and preferred investment destination.

"The Kota Perdana SBEZ is now poised to further enhance its position and reputation in attracting other high-end and export-oriented industries, leveraging on its competitive advantage such as proximity to the Malaysia-Thailand border as well as the Penang Port. This will also drive economic development in Kedah, with a huge, positive impact on the northern region. Most significantly, the project is expected to generate more than 12,000 jobs and help upskill local talent and vendors, while supporting infrastructure development," said Tengku Zafrul in a statement.

Meanwhile, Hartalega chief executive officer Kuan Mun Leong said in view of the long-term structural step-up in global demand, its production capacity must be accelerated. He noted that its growth strategy remains focused on Malaysia given the existing comprehensive ecosystem and supply chain for the sector, with its expansion plan to solidify the country's status as the largest glove manufacturer globally.

"Our aim is to cultivate a robust supply chain, as well as upskilling local talent and vendors, to transform the region into an integrated industrial park for medical devices in the future, establishing the region as an attractive destination for both foreign and domestic direct investment. Upon completion, Hartalega estimates to contribute to more than 5% of Kedah's total GDP (gross domestic product)," Kuan said.

As of 3.25pm, Hartalega shares were 0.93% or nine sen higher at RM9.81, valuing it at RM33.63 billion. It saw 2.4 million shares done.

RM 7 high?? RM 21 high or Rm 15 high or Rm 7 high??

Covid is over....recover play now.....better invest in recovery stock...

EPS- 50+ sen

Those who think people in this way ''Those who hope covid cases to rise up so that glove share can rise. Now this is bad karma to them" Karma may hit you soon....

I wait at Rm 6.5 ...

cut loss .....ruNNNNNNNNNNNNNNNNNNNNNNNNNNNNN .....

Congratulation to all cutloss players.....More upside coming. Time to regret your action

Who is Mahatir? They guy that make his own country economy down and the currency RM 3 only can change SGD1 ?