KUALA LUMPUR: Glove manufacturer Hartalega Holdings Bhd
is expected to see new record high earnings for its third quarter ended Dec 31,2020 (Q3FY21), according to RHB Research.
The research unit estimated the company’s Q3FY21 earnings, which should be released in the next two to four weeks, may surge 643% year-on-year and 65% quarter-on-quarter (q-o-q) to RM900mil due to high average selling prices (ASPs).
RHB Research believes that Hartalega’s 3QFY21 ASP should have jumped by 50% q-o-q to around US$50 per box of 1,000 pieces of gloves, consistent with the rate of increase in market prices.
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