Hartalega's Margins Set to Benefit From Higher Glove Prices -- Market Talk

Dow Jones

05/08

0618 GMT - Hartalega Holdings' short-term margins could improve after the company raised its average selling prices for gloves recently, UOB Kay Hian analyst Jack Goh says in a note. The glove manufacturer raised its prices to US$26-US$28 for 1,000 pieces of gloves for 1Q FY 2027, which might offset rising input costs. "The higher [prices] also priced in some buffer to further mitigate production cost fluctuations in the near term," the analyst says. UOB KH raises the stock's target price to 1.02 ringgit from 0.92 ringgit. Shares are 5.1% higher at 1.24 ringgit.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 08, 2026 02:18 ET (06:18 GMT)

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The glove manufacturer raised its prices to US$26-US$28 for 1,000 pieces of gloves for 1Q FY 2027, which might offset rising input costs. \"The higher [prices] also priced in some buffer to further mitigate production cost fluctuations in the near term,\" the analyst says. UOB KH raises the stock's target price to 1.02 ringgit from 0.92 ringgit. 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The glove manufacturer raised its prices to US$26-US$28 for 1,000 pieces of gloves for 1Q FY 2027, which might offset rising input costs. \"The higher [prices] also priced in some buffer to further mitigate production cost fluctuations in the near term,\" the analyst says. UOB KH raises the stock's target price to 1.02 ringgit from 0.92 ringgit. Shares are 5.1% higher at 1.24 ringgit.(amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2026 02:18 ET (06:18 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506952097.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633548190","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633548190","pubTimestamp":1778221080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0618 GMT - Hartalega Holdings' short-term margins could improve after the company raised its average selling prices for gloves recently, UOB Kay Hian analyst Jack Goh says in a note. 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The glove manufacturer raised its prices to US$26-US$28 for 1,000 pieces of gloves for 1Q FY 2027, which might offset rising input costs. \"The higher [prices] also priced in some buffer to further mitigate production cost fluctuations in the near term,\" the analyst says. UOB KH raises the stock's target price to 1.02 ringgit from 0.92 ringgit. Shares are 5.1% higher at 1.24 ringgit.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2026 02:18 ET (06:18 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}