Brief Introduction HARTA
Established in 1988, HARTA or its full name Hartalega has experienced tremendous growth and evolved into a sizeable company of 25 Production Lines, producing over 3 billion gloves per year and GROWING. Listed in Bursa Malaysia on 17 April 2008, produces both nitrile gloves and natural rubber gloves at a ratio of about 80:20, is currently the largest nitrile glove producer in Malaysia and the second largest in the world. HARTA may clinch the top spot as early as December 2009 when it commences operations at its two new factories which will increase its output capacity to 9.3 billion pieces of gloves and see its workforce increase by 25% to some 1,500 employees.
Historical Share Price
Refer to Chart 1. Share price of the Company since 17 April 2008 until 17 July 2009. The share price reached RM5 in one of the trading day last week in conjunction with the worsening of global Swine Flu which increased the demand for glove. I have considered of sell the counter once it reached RM5 as the total return of more than 50% within 3 months. Anyway, I believe with the economy recovering and after the completion of HARTA new production lines, the company will make more profit, thus the share price still have room to grow. I am confident that with the new production line on board, net profit of HARTA will surplus RM100 million.
Recent Quarter Financial Result
HARTA net profit rose 248% to RM31 million in its fourth quarter (4Q) ended March 31, 2009 from RM8.92 million a year earlier on the back of strong organic growth despite the challenging economic environment. HARTA net profit was up 21.5% to RM84.5mil for FY09 from RM69.5mil in FY08. Revenue jumped 72% to RM443.2mil during the period while earnings per share climbed to 34.87 cent from 31.94 cent previously. The group’s net-profit margin was about 19% in FY09 compared with 14% in FY08. HARTA has been registering a compounded annual growth rate (CAGR) of 44% in revenue in the last four years, the company also expects to sustain a double-digit growth in top line this year.
ATTN: THIS DISSCUSION IS PROVIDED FOR GENERAL INFORMATION ONLY, IS NOT TO BE CONSIDERED AS INVESTMENT ADVICE AND SHOULD NOT BE RELIED UPON FOR INVESTMENT DECISIONS. NO REPRESENTATION OR WARRANTY IS MADE REGARDING THE ACCURACY, RELIABILITY OR TIMELINESS OF THE CONTENT. VISITORS SHOULD VERIFY INFORMATION WITH OTHER RELIABLE SOURCES.
Established in 1988, HARTA or its full name Hartalega has experienced tremendous growth and evolved into a sizeable company of 25 Production Lines, producing over 3 billion gloves per year and GROWING. Listed in Bursa Malaysia on 17 April 2008, produces both nitrile gloves and natural rubber gloves at a ratio of about 80:20, is currently the largest nitrile glove producer in Malaysia and the second largest in the world. HARTA may clinch the top spot as early as December 2009 when it commences operations at its two new factories which will increase its output capacity to 9.3 billion pieces of gloves and see its workforce increase by 25% to some 1,500 employees.
Historical Share Price
Refer to Chart 1. Share price of the Company since 17 April 2008 until 17 July 2009. The share price reached RM5 in one of the trading day last week in conjunction with the worsening of global Swine Flu which increased the demand for glove. I have considered of sell the counter once it reached RM5 as the total return of more than 50% within 3 months. Anyway, I believe with the economy recovering and after the completion of HARTA new production lines, the company will make more profit, thus the share price still have room to grow. I am confident that with the new production line on board, net profit of HARTA will surplus RM100 million.
Recent Quarter Financial Result
HARTA net profit rose 248% to RM31 million in its fourth quarter (4Q) ended March 31, 2009 from RM8.92 million a year earlier on the back of strong organic growth despite the challenging economic environment. HARTA net profit was up 21.5% to RM84.5mil for FY09 from RM69.5mil in FY08. Revenue jumped 72% to RM443.2mil during the period while earnings per share climbed to 34.87 cent from 31.94 cent previously. The group’s net-profit margin was about 19% in FY09 compared with 14% in FY08. HARTA has been registering a compounded annual growth rate (CAGR) of 44% in revenue in the last four years, the company also expects to sustain a double-digit growth in top line this year.
ATTN: THIS DISSCUSION IS PROVIDED FOR GENERAL INFORMATION ONLY, IS NOT TO BE CONSIDERED AS INVESTMENT ADVICE AND SHOULD NOT BE RELIED UPON FOR INVESTMENT DECISIONS. NO REPRESENTATION OR WARRANTY IS MADE REGARDING THE ACCURACY, RELIABILITY OR TIMELINESS OF THE CONTENT. VISITORS SHOULD VERIFY INFORMATION WITH OTHER RELIABLE SOURCES.
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