大提琴家的股市投资笔记 / The Cellist's Share Investment Note: HARTALEGA latest quarter financial report

Sunday 17 March 2019

HARTALEGA latest quarter financial report

After nearly 2 months of not updating the blog,
finally I'm back~

Now my body condition still not yet 100% recovered,
but don't worry,
I am definitely feeling better than the time when I was admitted into hospital.

Thanks everyone for concerning about me.

While I was resting last month,
most of the companies released their latest financial report,
so today we will have a look at HARTALEGA.

First of all,
I was very happy to see that the revenue increased a lot:

HOWEVER,
the more I read,
my excitement also kept dropping,
especially when the net profit only increased a little comparing with the growth of the revenue.........

The reasons of revenue growth were basically:
1) Stronger demand for nitrile gloves
2) higher average selling price
3) growth in slaes volume

Seems like the increase in nitrile cost was one of the reasons why profit growth was lower than revenue growth.

Also:

Comparing with previous quarter,
the profit dropped slightly because of higher energy and maintenance cost,
plus tax expense.

The prospects:

Basically,
the company think that the demand supply of gloves still in healthy balance.

For Plant 5,
6 of the 12 production lines were started to commission.

Construction of Plant 6 also started while Plant 7 will be catering to small orders of specialty products.

As for the AMG,
until now still over 10 countries ordered it,
when only will be more than 20 countries??

The company still waiting for approval from FDA:

Seems like the company has high expectation on AMG's future.

Lastly,
the lovely dividend:

Still 2.2 sen per share.

Recently the shares price of HARTALEGA dropped a lot,
is it a chance or danger?

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.