hg lee

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Joined Jan 2023

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Japan reports record spike in potentially deadly bacterial infection


Cases of a dangerous and highly fatal bacterial infection have reached record levels in Japan, official figures show, with experts so far unable to pinpoint the reason for the rise.
https://edition.cnn.com/2024/06/17/asia/japan-record-spike-stss-bacterial-infection-intl-hnk/index.html
1 month · translate
Hospital at Sydney is using Hartalega glove COATS ??
1 month · translate
Hartalega (HART MK)
Sector outlook on the upswing
Climbing out of the trough
HART's plant utilization rate continues to improve with higher sales orders
and is now running at c.85% (4QFY24: 73%). ASP outlook is also improving
as HART has managed to fully pass on higher raw material costs to its
customers. Given tight supply, ASP could improve further if demand
surges. HART's order lead time has now increased to 2-3 months (vs. China
glove makers' 3-6 months). We maintain our earnings forecasts a
1 month · translate
Results above expectations
HART’s 4QFY24 core net profit of MYR1.8m (-97% YoY, -91% QoQ) was above
expectations. Management has turned more positive on the sector outlook
given improving glove demand and the ability to pass on additional raw
material cost to its customers. Plant utilisation rate [UR] has improved to
73% in 4QFY24 on 31b pcs annual capacity. We raise FY25-26 earnings
forecasts by 19-35%. Our TP is also raised to MYR4.50 TP (+14sen) on
unchanged 3.2x rolled forward CY26E P/B. BUY
2 months · translate
Hope after the storm
Results above expectations
HART’s 4QFY24 core net profit of MYR1.8m (-97% YoY, -91% QoQ) was above
expectations. Management has turned more positive on the sector outlook
given improving glove demand and the ability to pass on additional raw
material cost to its customers. Plant utilisation rate [UR] has improved to
73% in 4QFY24 on 31b pcs annual capacity. We raise FY25-26 earnings
forecasts by 19-35%. Our TP is also raised to MYR4.50 TP (+14sen) on
unchanged 3.2x rolled forward CY26E P/B. BUY.
2 months · translate
Gainer of US tariff hike on
Chinese gloves
2 months · translate
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