Hartalega - World Class Manufacturer First Class Gloves

[CityFarmer]

The company will benefit from the weakening of RM and oil price. The company business is M'sia-based, export-oriented, and billed in US$. The Synthetic rubber or nitrile, which is derived from crude oil, is a crucial raw material for glove production.

But one important trend found in recent 2Q report of Hartalega, is the downtrend of ASP, which hit both top and bottom line of the company. Base on The Edge M'sia, the ASP of nitrile glove has reduced to US$27.81 per 1000 gloves in 2Q, from US$28.34 per 1000 gloves in 1Q. Will the trend continue? It is a important trend to monitor...

(not vested, but monitoring Riverstone)