Showing posts with label HARTA. Show all posts
Showing posts with label HARTA. Show all posts

May 19, 2015

May 5, 2015

Looking forward to FY16

Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
Research House: JF APEXPrice Call: HOLDTarget Price: 8.23



February 6, 2015

September 30, 2014

August 11, 2014

August 6, 2014

March 21, 2014

February 19, 2014

November 13, 2013

June 17, 2013

Alliance reiterates 'overweight' on glove

Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
Research House: ALLIANCEPrice Call: BUYTarget Price: 6.80

Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Research House: ALLIANCEPrice Call: BUYTarget Price: 4.85



Alliance Research has reiterated its overweight call on the glove sector, with top picks being Hartalega and Kossan.

The research house said it remains positive on the sector in anticipation of soft and stable latex prices, the strong US dollar against the ringgit, and improving supply and demand dynamics.

It said the glove sector delivered mixed results in 1QCY13: among four stocks under coverage, one beat estimates, two disappointed while another met expectations.

"Overall, demand growth was strong (+17.7 per cent y-o-y) during the quarter, which we attribute to the global influenza trend since November 2012.

"On the flip side, the natural rubber glove segment performed weaker than expected as the nitrile glove migration wave continued to gain strength due to the widening cost advantage.

"This led to Top Glove and Supermax missing consensus estimates," said Alliance Research, which has put a target price of RM6.80 for Hartalega and RM4.85 for Kossan.-- Bernama