Highlights
KLSE: HARTA (5168)       HARTALEGA HOLDINGS BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
12.44   -0.56 (4.31%)  12.40 - 12.92  6,233,700
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Overview

Market Cap: 42,639 Million
NOSH: 3,428 Million
Avg Volume (4 weeks):10,439,642
4 Weeks Range:10.24 - 13.30
4 Weeks Price Volatility (%):
71.90%
52 Weeks Range:5.67 - 21.16
52 Weeks Price Volatility (%):
43.71%
Average Price Target: 20.93
Price Target Upside/Downside: +8.49

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#3]  |  25-Jan-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  18-May-2021
T4Q P/E | EY: 22.66  |  4.41%
T4Q DY | Payout %: 1.41%  |  31.89%
T4Q NAPS | P/NAPS: 1.2164  |  10.23
T4Q NP Margin | ROE: 36.61%  |  45.14%

Headlines

Date Subject
26-Jan-2021 【行家论股/视频】贺特佳 售价走高财测上修
26-Jan-2021 Hartalega Holdings Berhad - Breaking Its Own Records
26-Jan-2021 Hartalega Holdings - Chalks up fourfold increase in 9MFY21 net profit
26-Jan-2021 Hartalega Holdings - 9MFY12 Above Expectations
26-Jan-2021 Hartalega Holdings - Rise in ASP Ignited Earnings
26-Jan-2021 Hartalega Holdings Berhad - Full speed on Plant 7 ahead
26-Jan-2021 Mplus Market Pulse - 26 Jan 2021
26-Jan-2021 CIMB: The best is yet to come. HARTA TP RM21.80
26-Jan-2021 上升股:贺特佳 阻力RM13.68
26-Jan-2021 HARTA (5168) – Latest Quarter Result [3QFY21] – Another Record Earnings
25-Jan-2021 HARTA RESULTS RM1 BIL - WHAT IT MEANS FOR OTHER GLOVE PLAYERS?
25-Jan-2021 Hartalega delivers record net profit in Q3 from higher sales volume
25-Jan-2021 Bargain hunting lifts GLOVEs share prices, say analyst, fund manager as situation remains 'volatile'
20-Jan-2021 GLOVEs rebound on expanded MCO
19-Jan-2021 Supermax compares with Hartalega - Koon Yew Yin
18-Jan-2021 Hartalega Holdings - Beneficiary of Laggard in ASP
17-Jan-2021 THIS FISH IS UNDERCOOKED : FINDING 18x FLAWS IN JP MORGAN'S BEARISH REPORTS ON GLOVES
16-Jan-2021 Is the Big Gloves Short Over?
16-Jan-2021 HARTA ~ Valuation by Discounted Model
13-Jan-2021 Glove - Earnings will peak in 1H2021

Business Background

Hartalega Holdings is a holding company whose subsidiaries manufacture and sell a variety of nitrile and latex gloves. The company's gloves are used in laboratories and healthcare facilities. The gloves are also sold to manufacturers of semiconductors and consumer electronics and for automotive maintenance and spray painting. The company organizes itself into six segments based on geography: North America, Europe, Asia, Australia, Malaysia, and South America. More revenue comes from the North America segment than any other.
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  8 people like this.
 
MoneyAndHoney So disappointing
26/01/2021 1:21 PM
MoneyAndHoney Habis finished selesai kaput
26/01/2021 1:21 PM
hkimbrs Apa cerita?
26/01/2021 1:34 PM
LaoTzeAhSir Malaysia has the worst retailers and bourse, no surprise
26/01/2021 1:38 PM
5c0160 Huge profit for QR share p drop like shit. LOL
26/01/2021 1:47 PM
Snowpiercer Need to be much more generous with dividend.....30% of EPS is way too low with a yield of 0.62%...unless they know difficult time is going to come .....need to conserve cash......glove is low capex...no R&D sector
26/01/2021 1:48 PM
jamestecs The volatile fall is slowing down compare to last time, it is a good sign. The price is starting to stabilize.
26/01/2021 1:48 PM
mf Stock futures down slightly ahead of busy day
26/01/2021 2:16 PM
Ron90 price seems stabilize at 12.50. hope it doest fall further..1 billion profits company.
26/01/2021 2:30 PM
BALANCE_VIEW Mkt_watcher ..... exactly! Sometime entrepreneurs are just too much! It is like ... why should I give, rather than I (major shareholders) will get proportionately.!!

Really disappointing ! U can brag as much as u wan... joined the RM!b PAT club, best ESG rating, best nitrile this & that ..... but basic (pure basic) stuff also cannot handle!!

Even if company has expansion plan, what is so difficult to get facility from banks? With Harta statue, bankers will be begging to give them facility. With such competitive interest rate, it will be a steal!

For heaven sake, Harta Board and the major shareholders family ..... please wake up !

Darn sick with this !!
26/01/2021 2:39 PM
Pgraduate123 I Billion in YEN or Zimbabwe currency !!!!!!!!!!!
26/01/2021 3:02 PM
Pgraduate123 At least give Bonus 1 for 1, or some warrants LAH !!
26/01/2021 3:06 PM
Morpheus61 https://imgur.com/nlRl8B1

Compare the Share price with the Warrant Expiry dates. If you are still not convinced that the IB's are riding us all like a Fuc***g cowboy, I don't know what will convince you guys.

BAN STRUCTURED WARRANTS !!!
26/01/2021 3:09 PM
Snowpiercer Keeping free cash flow is the worst a company can do
26/01/2021 3:27 PM
STEADYBOMBIBI85 what happened to gloves today ??
26/01/2021 3:35 PM
RunfirstALL QR out Sure all run !
RUN
26/01/2021 3:40 PM
swagger855 LOL. Literally 4% drop like what i said yesterday
26/01/2021 3:48 PM
swagger855 Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Jan 26, 2021 12:42 AM | Report Abuse

Says the one who cant even compare investment options on a risk adjusted return basis. 0.74% dividend yield but in one day drop more than 4%. Very good math



Pure luck je la. I aint a stock god :)
26/01/2021 3:52 PM
fortheemprah Hartalega is not cheap, already above RM12 per share. The company announced a paltry dividend can be viewed as an insult to shareholders (i.e. scraps off the table). Taking in this reality, there remains the hope of a gradual share buy-back that would lead to capital gains. I wonder if anyone else shares this view.
26/01/2021 4:15 PM
titan3322 Good results but share price declined sharply cantik lor
26/01/2021 4:36 PM
Pgraduate123 Com len Firm... This is a shit company
26/01/2021 4:38 PM
Pgraduate123 Fortheemprah.... I think all retailers should sell all their holdings to old man Kuan..
Let him keep till end of time
26/01/2021 4:40 PM
goreng_kaki TOLD YOU GUY ALREADY, HARTA IS A SHAME OF GLOVE STOCK
26/01/2021 4:41 PM
yjasonng2020 another day RSS guy successful drive down Harta price
26/01/2021 4:52 PM
GoodBoy RSS sold volumes for today from 9:00 am to 5:00 pm ... Kossan 0 shares, Hartalega 338,100 shares, SuperMax 141,300 shares, TopGlove 7,045,000 shares ...
26/01/2021 5:03 PM
skcheah if such an unprecedented fantastic result also has no power over the share price and low divided, imagine if the business goes back to normal? Many so called sifu said investment should be based on the fundamentals of the company. if good business and dividend are not, what else?
26/01/2021 5:18 PM
GrowingRich Some people
26/01/2021 5:27 PM
GrowingRich They like to throw at low then chase back later at high
26/01/2021 5:27 PM
GrowingRich Idddiots
26/01/2021 5:27 PM
GrowingRich Digkhedds
26/01/2021 5:28 PM
GrowingRich Poondaek
26/01/2021 5:28 PM
Philan008 This is Cyclical stock, why ppl still dumb dumb say company good fundamental?

All you guys wan is somebody to go buy it off your hands.

Face it, you guys are dumb ass and are the one left with this overpriced tickets.

Sure good fundamental, but LOW PE? All cyclical stocks at their peak is low PE, thats y ppl already dumped....

TG 2.4B also face dumpoff, why do you think Harta mere fking 1B will have any difference.

WAKE UP, we are not buying from your hands, keep it and take your dividends that looks good now but wouldnt be 1-2 years time...
26/01/2021 5:40 PM
Pgraduate123 Let it limit down tomorrow...
26/01/2021 7:18 PM
Godofgambler https://www.sinarharian.com.my/article/120998/KHAS/Covid-19/Covid-19-Malaysia-peroleh-184-juta-dos-Sinovac-Sputnik
26/01/2021 7:41 PM
Godofgambler https://www.thestar.com.my/business/business-news/2021/01/26/pharmaniaga-signs-deal-to-supply-12-million-doses-of-vaccine-to-moh
26/01/2021 7:47 PM
DannyArcher @skcheah

Future earnings growth, which will most likely taper in 1 to 2 years time. If I tell you gold price will drop in value in 1 to 2 years time but now is on an uptrend, will you buy gold?
26/01/2021 7:52 PM
pjseow With harta earning today and projected earnings of next 2 years , Harta price today is at a 50 % discount.. If two years later , the earnings may taper off and the price today may not be a dis count , will you buy Harta today?
26/01/2021 8:30 PM
wehcant Six brokers gave so high TPs yet the price still can't go up. This is truly an outlier.
26/01/2021 9:42 PM
ChaseBros No of shares : 3.428 billion

Q1 2021 PAT : RM219M
Q2 2021 PAT : RM545M
Q3 2021 PAT : RM1,001M
Q4 2021 PAT : RM1,600M (assuming +30% hike-up on previous quarter revenue, though Harta hinted it would be 40% to 50% q-o-q), Jan 01 - Mar 31 2021

Estimated Total Profit for FY2021 is RM3,365M, thus EPS is RM0.98

3 Years Historical P/E Avg (50.83), thus fair price is RM49.81
5 Years Historical P/E Avg (43.58), thus fair price is RM42.71
10 Years Historical P/E Avg (31.62), thus fair price is RM30.99
All time Historical P/E Avg (27.69), thus fair price is RM27.14
All time lowest Historical P/E (14.84), thus fair price is RM14.54

NOTE : The above is projection for FY21 or Apr 1 2020 to Mar 31 2021, not the entire year of 2021.

If for the entire year of 2021, assuming the ASP plateau from Apr onwards (which is more conservative than JPM which estimate from Jul onwards), while disregarding additional capacity coming online from Plant No.7. The projected earnings are as follows :-

Q4 FY21 >>> Jan 1 - Mar 31 2021 : RM1,600M
Q1 FY22 >>> Apr 1 - Jun 30 2021 : RM1,600M
Q2 FY22 >>> Jul 1 - Sep 30 2021 : RM1,600M
Q3 FY22 >>> Oct 1 - Dec 31 2021 : RM1,600M

Estimated Total Profit for Year 2021 (not FY21) is RM6,400M, thus EPS is RM1.87

3 Years Historical P/E Avg (50.83), thus fair price is RM95.05
5 Years Historical P/E Avg (43.58), thus fair price is RM81.50
10 Years Historical P/E Avg (31.62), thus fair price is RM59.13
All time Historical P/E Avg (27.69), thus fair price is RM51.78
All time lowest Historical P/E (14.84), thus fair price is RM27.75

Even Q3 2021 reported RM1b profit, the P/E is around 23 to 24 which is close to the All Time Historical P/E of 27.69. Wait for another quarter (or two lah). It would be irresistible for the big funds. We can only talk BIG but can't do much to move the share price.

Demand will outstrip supply for the next 2 to 3 years, and all you have to do is hold for another quarter or two to see positive movement in the share price. And, if you have better alternative, just sell and move on.
26/01/2021 10:10 PM
gohkimhock As each day passed, more and more vaccines are being dished out and more and more countries are starting to give approvals and administrating vaccinations.
26/01/2021 10:14 PM
ChaseBros <<gohkimhock>> Don't you think that is a good thing? Do you want to confine with Covid for a long long time? Even Covid is reduced by 70% or 80%, it is still high. We used to have a hundred daily cases or a couple hundred, and now we have thousands.

The problem today is even if you have the money, you can't buy enough glove. Many medical establishment resort to non medical grade glove or no glove at all like the case of Japan where 60% of the respondent already ran out of glove and that was back in Dec, can you imagine what it's like today? https://www3.nhk.or.jp/nhkworld/en/news/backstories/1421/

Many people still cannot take vaccine (apart from below Age 18 group which account for more than 20% of the population) and vaccine efficacy needs time to be perfected. Glove demand would be outstripping supply for some time due to heightened hygiene awareness. Our business associate in Indonesia is also working for the State Own Enterprise (or BUMN), and he has this Whatsapp button that reads "SuksesVaksinasi" and I ask him whether he has already vaccinated but he suggested to wait and see as he has diabetes, high-blood pressure and that sort.

It is good that the world leaders are painting a vibrant picture of the vaccination program though knowing deep in their heart that they are clueless if the vaccine can really bring down (not eradicate) the Covid to a manageable level within 2021.
26/01/2021 10:32 PM
Weng Wai Wong https://www.facebook.com/107272307543420/posts/235465554724094/

Retail unite can win big boy who short Gamestop in USA. We also can make it happen in Malaysia if we are unite.
26/01/2021 10:37 PM
MrGlover Perhaps we retailers should team up and squeeze the shorties :)
https://youtu.be/SyXdjl1NjZk
26/01/2021 10:43 PM
Pgraduate123 Bye bye... I am going to Kpower, more power there
26/01/2021 11:09 PM
Ron90 quite common, very good QR will be followed by significant drop in share price, and vice versa.. it occurs many many times la, in fact was expected for Harta.. and usually, in the next few days, price will gradually getting higher.

this QR shall bring harta to $15.00 at least. Just relex.. while the other sectors merely speculative, glove still the only sector confirm producing explosive result for the next 2 QRs.
26/01/2021 11:12 PM
gohkimhock No sectors is more speculative than gloves at this moment. It's prices run too far ahead of fundamental.
26/01/2021 11:16 PM
ChaseBros Harta ASP is laggard, about half or less than half compared to other big manufacturers. Good thing is that they can raise the ASP, probably throughout 2021 though I assume it plateau from Apr 2021, even more conservative compared to JPM which suggest from Jul 2021. If Harta really raise the ASP by 40% or even 50%, the next quarter may see up to RM2B PAT, though I assume only RM1.6B (again very conservative)

JPM assumption of RM1.6B+ PAT for FY22 (or Apr 1 2021 to Mar 31 2022) is really laughable. Trying to mislead uncle and auntie.
26/01/2021 11:29 PM
BALANCE_VIEW U mean based on FY2024 or FY2025 financial?

gohkimhock No sectors is more speculative than gloves at this moment. It's prices run too far ahead of fundamental.
26/01/2021 11:16 PM
27/01/2021 12:05 AM
will75 Finish school or not? PE single digit la!
27/01/2021 12:10 AM
GoodBoy RSS traders did not buy back any shares of Kossan, Harta, TopGlov n SuperMax on Monday 25/01/2021 ...
27/01/2021 1:21 AM


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