HARTA (5168) - Hartalega rises to record as CIMB sees new product as catalyst

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KUALA LUMPUR (Nov 13): Co’s plans to introduce world’s first non-bleaching antimicrobial nitrile examination glove by 1H 2018 would allow the group to benefit from a pricing premium of 10% to 15%, writes Walter Aw, analyst at CIMB Investment Bank, in a report.



* Product should be popular with the healthcare industry

** Active protective layer inside glove to prevent cross contamination in healthcare facilities; 99.9% of germs and bacteria on the user’s hands are able to be eliminated within 5 minutes of contact

* Other glove producers may play catch-up in the next 2-3 years by developing similar products

* Stock maintained at add; PT unchanged at 9 ringgit

* Stock gains as much as 6.7%, set for highest close on record


http://www.theedgemarkets.com/article/hartalega-rises-record-cimb-sees-new-product-catalyst