Hartalega Holdings Berhad is the world’s largest nitrile glove manufacturer. As at 1 September 2019, the company is valued at RM17.2 billion in market capitalisation.

In this article, I’ll bring an update on Hartalega’s latest annual results, its development on the Next Generation Integrated Glove Manufacturing Complex (NGC), and offer a few ratios to assess the company’s stock valuation.

Here are 10 things to know about Hartalega before you invest:

1. As of 31 March 2019, Hartalega has successfully commissioned 10 out of 12 production lines at Plant 5 in the NGC. The company now has an annual production capacity of 36 billion gloves, a six-fold increase since 2009.

2. Hartalega sold a total of 27.2 billion gloves in 2019. This represents a nine-fold since 2009 when it sold 3.1 billion gloves.

Over the last 10 years, Hartalega has