Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
CIMB Securities maintained a "Hold" call on Hartalega with a lower target price of RM1.18, citing the lack of near-term re-rating catalysts and rising competition in the sector.
There was no specific guidance on average selling price (ASP) going forward but the group highlighted that its nitrile ASP gap had narrowed against the Chinese players by 50 US cents compared with US$3 for 1,000 pieces three years ago.
As an indication, Chinese ASP for nitrile thin-gauge glove is currently at an estimated US$15.30 versus Malaysia at US$16 per 1,000 pieces (compared with its FY26 ASP assumption of US$19 per 1,000 pieces
