Last year, I wrote an article on Hartalega Holdings Berhad when nitrile glove manufacturer had a market capitalization of RM11.7 billion. Today, Hartalega has a market capitalization of RM20.2 billion, a remarkable growth of 72.6% over the last 12 months. Hence, it remains amongst the top three largest rubber glove manufacturers in the world.
In this article, I’ll bring an update on Hartalega’s financial results, its ongoing development of its Next Generation Integrated Glove Manufacturing Complex (NGC), and introduce a few valuation metrics to assess Hartalega as an investment at its current stock price. Here are 12 things you need to know about Hartalega before you invest.
1. Hartalega had achieved a compound annual growth rate (CAGR) of 29.46% on sales volume for nitrile gloves for the last 10 years, increasing from 1.86 billion pieces in 2008 to 24.60 billion pieces …