ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Margin pressure likely to weigh on Hartalega in months ahead

Analysts cut targets post weaker-than-expected earnings; shares fall

KUALA LUMPUR (Nikkei Markets) -- Earnings and margin pressure will continue to challenge Malaysian glove maker Hartalega Holdings in the months ahead, analysts said, after a weaker-than-expected second-quarter performance prompted many to cut their stock price targets.

Hartalega shares declined as much as 4.2% on Wednesday in Kuala Lumpur trading before recouping some losses after the company reported its net profit fell nearly 14% in the three months ended Sep. 30 as average selling price fell, while cost of packaging and natural gas rose.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more