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.
