Hartalega Holdings Bhd.


  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Feb 19, 2018
Prev close: 11.76
Feb 19, 2018
Market cap:
Market cap(USD):
Shares: 1,654.60M

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 gloves. It operates through the following geographical segments: North America, Asia, Australia, Malaysia, China, India, and South America. 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 1,821.87M
Gross profit 490.57M
Operating income 386.63M
Income before tax 348.97M
Net income 283.00M
EBITDA 457.29M
Diluted EPS 0.17
Dividends per share 0.08
Total assets 2,334.98M
Total liabilities 650.19M
Total equity 1,682.16M
Operating cash flow 337.11M

Currency in MYR

Revenue 433.24M
Gross profit 116.65M
Operating income 91.94M
Income before tax 82.98M
Net income 67.29M
EBITDA 108.74M
Diluted EPS 0.04
Dividends per share 0.02
Total assets 527.62M
Total liabilities 146.92M
Total equity 380.10M
Operating cash flow 80.16M

Currency in USD

Valuation measures

Mar 2017

PER 28.77
ROA 13.06%
ROE 17.77%
Operating margin 21.22%
Profit margin 15.53%

Key executive

  • Managing Director & Executive Director: Mun Leong Kuan
  • Non-Independent Executive Director: Mun Keng Kuan
  • Director-Research & Development, Technical: Eu Jin Kuan
  • General Manager-Sales & Marketing: Ng Kim Lui
  • Manager-Investor Relations: J. M. Huang

Share holders

  • Hartalega Industries Sdn. Bhd.(48.9%)
  • Employees Provident Fund(6.4%)
  • Great Eastern Life Assurance Co. Ltd.(2.7%)
  • KUAN KAM PENG(2.7%)
  • Budi Tenggara Sdn. Bhd.(2.4%)
  • Public Mutual Bhd.(2.0%)
  • Kumpulan Wang Persaraan(1.8%)
  • SEOW HOON HIN(1.7%)
  • The Vanguard Group, Inc.(1.4%)
  • BlackRock Fund Advisors(0.9%)


  • 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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