Hartalega Holdings Bhd.


  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Jul 24, 2017
Prev close: 6.96
Jul 24, 2017
Market cap:
Market cap(USD):
Shares: 1,645.09M

Currency in MYR

Company profile

Market(Ticker): KLS(5168)
Health Technology
Medical Specialties
Full time employees: --

Business summary

Hartalega Holdings Bhd. is an investment holding company, which engages in the manufacture and sale of latex and nitrile gloves for manufacturing, healthcare, and laboratory sectors. The company was founded by Kam Hon Kuan on July 24, 2006 and is headquartered in Kuala Lumpur, Malaysia.

Company background

Hartalega is the world's largest producer of synthetic rubber gloves, used mainly in the healthcare industry. Besides its own brand, the company is also an original equipment manufacturer that makes high-quality surgical and laboratory gloves.

The company was founded in 1988 by Kuan Kam Hon, who is now executive chairman. He is an entrepreneur who built his fortune as a house builder, and later by dealing in woven labels and badges. Annual production capacity of the company is over 13 billion gloves, which was nearly 30% of Malaysia's exports in 2013. Its products are exported to about 40 countries. Sales in the U.S. make up about half of the company's revenue, followed by Europe and Asia.

Like Top Glove, its rival, which is the leader in natural rubber gloves, Hartalega was able to grow rapidly, especially in the mid-2000s, when hospitals in developed economies such as the U.S. and Europe began to switch from latex to nitrile gloves. Nitrile gloves cause fewer problems with skin allergies. Ownership in Hartalega is controlled by the Kuan family, which was led by second-generation Managing Director Kuan Mun Leong.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 1,822.08M
Gross profit 386.91M
Operating income 386.91M
Income before tax 348.72M
Net income 283.04M
EBITDA 457.55M
Diluted EPS 0.17
Dividends per share --
Total assets 2,282.77M
Total liabilities 597.87M
Total equity 1,682.21M
Operating cash flow 337.42M

Currency in MYR

Revenue 433.29M
Gross profit 92.00M
Operating income 92.00M
Income before tax 82.92M
Net income 67.30M
EBITDA 108.80M
Diluted EPS 0.04
Dividends per share --
Total assets 515.82M
Total liabilities 135.09M
Total equity 380.11M
Operating cash flow 80.24M

Currency in USD

Valuation measures

Mar 2017

PER 28.77
ROA 13.22%
ROE 17.77%
Operating margin 21.23%
Profit margin 15.53%

Key executive

  • Managing Director & Executive Director: Mun Leong Kuan
  • Director-Research & Development, Technical: Eu Jin Kuan
  • Non-Independent Executive Director: Mun Keng Kuan
  • Manager-Investor Relations: J. M. Huang
  • Director-Human Resources: Vin Seung Kuan

Share holders

  • Hartalega Industries Sdn. Bhd.(49.2%)
  • Employees Provident Fund(7.2%)
  • Budi Tenggara Sdn. Bhd.(3.0%)
  • KUAN KAM PENG(2.7%)
  • Kumpulan Wang Persaraan(2.1%)
  • SEOW HOON HIN(1.6%)
  • Public Mutual Bhd.(1.5%)
  • The Vanguard Group, Inc.(1.3%)
  • Mondrian Investment Partners Ltd.(1.0%)
  • BlackRock Fund Advisors(0.8%)


  • Website:
  • Address: C-G-9, Jalan Dataran SD1, Dataran SD PJU 9, Kuala Lumpur, 52200, Malaysia
  • Phone: +60.3.6277.1733

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