Saturday 15 January 2011

A Brief Look at Hartalega

Hartalega Holdings Bhd

Business Description:
Hartalega Holdings Berhad is a Malaysia-based investment holding company. The Company is engaged in the manufacture and sale of latex gloves. The Company's products include latex gloves and nitrile gloves. As of March 31, 2010, the Company's subsidiaries included Hartalega Sdn Bhd, Pharmatex (Australia) Pty Ltd, Pharmatex USA, Incorporated and Sentinel Engineering (M) Sdn Bhd. The Company's manufacturing facility is located in Selangor Darul Ehsan, Malaysia.




Current Price (7/1/2011): 5.73
2010 Sales 571,892,668
Employees: N/A
Market Cap: 2,082,734,670
Shares Outstanding: 363,479,000
Closely Held Shares: N/A






Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
09-Nov-1031-Mar-11230-Sep-10184,31247,11112.96-
10-Aug-1031-Mar-11130-Jun-10169,95841,45011.40#-
11-May-1031-Mar-10431-Mar-10163,38546,45512.78#-
28-Jan-1031-Mar-10331-Dec-09148,59937,25210.25#-

# adjusted for 2010  1/2 Bonus


Estimated EPS for 2011 = 2*(12.96+11.40) = 48.72 sen
At price of 5.73, its prospective PE for 2011 = 5.73 / 0.4872 = 11.8 x

Year     DPS     EPS
2008     3.3        9.8
2009     8.0      21.5
2010    13.3     40.2
1H11    4.0      24.37   NTA  1.1617
  

Historical
5 Yr
PE range 8.0 - 15.8
DY range 4.8% - 2.2%

Capital Changes
2007   1 to 2 Share Split
2010  1/2 Bonus

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