Few days ago,
HARTALEGA released both the annual report and then the latest quarter financial report.
Let's first have a look at the annual report:
The sales volume increased every year.
Next,
the revenue:
Also increased year by year.
Lastly,
the profit:
The profit grew for almost every year.
In the annual report,
it was mentioned that the global demand for gloves still rising,
especially in emerging markets:
Malaysia still remained as the world's largest producer and exporter of gloves,
contributing to more than 60% of global supply.
US still the primary importer by comprising 47% of Malaysia's gloves total export value,
followed by European Union which is 28%.
The company mentioned that the global demand for gloves is expected to expand at 8% per annum.
Challenges facing by the company:
1) intensified competition from other glove players.
2) rising price of raw materials.
3) higher labour and electricity cost.
4) uncertainty market causing fluctuations in foregin exchange and potential impact of US-China trade war.
It seems like the company has a lot of confidence at AMG,
which has the potential to disrupt the entire global healthcare industry.
Also,
the company finally obtained FDA approval for the biodegradable nitrile gloves.
That's all for the important points from the annual report,
if you think that it is not detailed enough or I missed out some important points,
feel free to go to BURSA website to download the full report and read it.
Next,
let's have a look at the latest quarter financial report:
Aiks.........
Even though we should be positive in lives,
but still........I just..... aiks...........
The lower sales volume caused the revenue to drop:
Prospects:
which the construction of plant 6 is currently underway.
For now,
the capacity growth is ahead of demand growth in gloves industry:
the company will also intensity investment of technologies,
to reduce dependency on manual labour and to enchance operation effectiveness.
That's all for the important points from the quarter report,
if you think that it is not detailed enough or I missed out some important points,
feel free to go to BURSA website to download the full report and read it.
Investment is about doing own thinking,
making own decision.
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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