Shares & Derivatives
10 things I learned from the 2021 Hartalega AGM
By The Fifth Person  •  October 22, 2021
Hartalega is a fast-growing glove company that is listed on Bursa Malaysia. Its factories are equipped with the fastest and most efficient production lines in the world that can manufacture 44 billion gloves per year. The past year was a bumper one for glove manufacturers like Hartalega. It posted record revenue and net profit amid the pandemic as glove demand rose tremendously. Hartalega’s share price peaked in August 2020 before falling to a 52-week low in September 2021. Interestingly, the company delivered its best quarterly results just a few months prior in June 2021! As we can see from this, the stock market is extremely forward-looking, and investors bid up the price of Hartalega stock by 10 months in advance. How will Hartalega fare now that its pandemic boom is over? Here are 10 things I learned from the 2021 Hartalega AGM. 1. Revenue grew 129.2% year-on-year to RM6.7 billion in 2021...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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