Tuesday, 26 January 2010

Hartalega gains as target price raised

Hartalega gains as target price raised
Published: 2010/01/26

Hartalega Holdings Bhd, a Malaysian rubber-glove maker, rose to a record after Maybank Investment Bank Bhd increased the share price forecast, saying fiscal third-quarter earnings due on January 28 will exceed consensus forecasts.

The stock gained 1.7 per cent to RM7.90 at 9:38 am local time, set for the highest level since it went public on April 17, 2008.

Maybank raised the target price for the stock to RM8.30 from RM6.50. -- Bloomberg

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