Asia300

Hartalega Holdings Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 4.96
Mar 24, 2017
Market cap:
Market cap(USD):
8,146.65M
1,840.84M
Shares: 1,642.47M

Currency in MYR

Company profile

Market(Ticker): KLS(5168)
Sector:
Industry:
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 2016

  • Local currency
  • US Dollar
Revenue 1,498.33M
Gross profit 401.69M
Operating income 315.92M
Income before tax 316.87M
Net income 257.42M
EBITDA 386.56M
Diluted EPS 0.15
Dividends per share 0.08
Total assets 1,998.52M
Total liabilities 494.49M
Total equity 1,501.94M
Operating cash flow 240.76M

Currency in MYR

Revenue 369.99M
Gross profit 99.19M
Operating income 78.01M
Income before tax 78.24M
Net income 63.56M
EBITDA 95.45M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 512.24M
Total liabilities 126.74M
Total equity 384.96M
Operating cash flow 59.45M

Currency in USD

Valuation measures

Mar 2016

PER 30.89
ROA 14.79%
ROE 18.58%
Operating margin 21.08%
Profit margin 17.18%

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(7.5%)
  • Budi Tenggara Sdn. Bhd.(3.0%)
  • KUAN KAM PENG(2.7%)
  • BNP Paribas Wealth Management (Singapore)(2.4%)
  • SEOW HOON HIN(1.7%)
  • The Vanguard Group, Inc.(1.2%)
  • Kumpulan Wang Persaraan(1.1%)
  • Public Mutual Bhd.(1.0%)
  • Great Eastern Life Assurance Co. Ltd.(0.9%)

Address

  • Website: http://www.hartalega.com.my
  • Address: C-G-9, Jalan Dataran SD1, Dataran SD PJU 9, Kuala Lumpur, 52200, Malaysia
  • Phone: +60.3.6277.1733

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