Hartalega versus Top Glove

Comparing Hartalega and Top Glove performance over 2 years from 2009 to 2011

Hartalega					Period (Yrs)	2
	Mar-09		Mar-11		Change	CAGR
	millions		millions
Equity	254.2		494.44		94.51%	39.47%
LT Assets	246.4		348.86		41.58%	18.99%
Current Assets	128.36		286		122.81%	49.27%
LT Liabilities	67.5		61.29		-9.20%	-4.71%
Current Liabilities	52.76		78.78		49.32%	22.20%
Sales	443.2		734.92		65.82%	28.77%
Earnings	84.51		190.3		125.18%	50.06%
Interest expense	2.43		2.47		1.65%	0.82%
D/E	0.23		0.08
ROA	22.55%		29.98%
ROE	33.25%		38.49%
Market cap	1512.26		2908.38		92.32%	38.68%
P/E	17.89		15.28
Earnings Yield	5.59%		6.54%
P/BV	5.95		5.88
DPO ratio (historical)	30.37%
Dividend Yield range	High		Low
	4.60%			2.60%
Capital changes	-
Top Glove					Period (Yrs)	2
	Aug-09		Aug-11		Change	CAGR
	millions		millions
Equity	824.51		1121.8		36.06%	16.64%
LT Assets	620.91		816.11		31.44%	14.65%
Current Assets	511.5		593.69		16.07%	7.74%
LT Liabilities	42.37		47.24		11.49%	5.59%
Current Liabilities	244.06		216.18		-11.42%	-5.88%
Sales	1529.08		2053.92		34.32%	15.90%
Earnings	169.13		113.09		-33.13%	-18.23%
Interest expense	8.53		0.24		-97.19%	-83.23%
D/E	0.02		0
ROA	14.94%		8.02%
ROE	20.51%		10.08%
Market cap	2118.81		2672.54		26.13%	12.31%
P/E	12.53		23.63
Earnings Yield	7.98%		4.23%
P/BV	2.57		2.38
DPO ratio (historical)	42.08%
Dividend Yield range	High		Low
	3.60%		2.00%
Capital changes	-