nitrile gloves producers share price target

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Get Smart: The Race to Raise Target Prices - The Smart ...- nitrile gloves producers share price target ,Aug 25, 2020·Target price revisions. Let’s take the example of an ordinary business turned stock market darling. The pandemic has led to a sharp increase in demand for preventative gear in the form of personal protective equipment and nitrile rubber gloves. One particular company, Riverstone Holdings Limited (SGX: AP4), has been a manufacturer of both ...How low are glove stocks compared with bullish analysts ...Feb 25, 2021·KUALA LUMPUR (Feb 25): Rubber glove stocks seem to be heading downhill currently, falling to the lowest points since the reverse of the strong upward trend in October.The recent selldown has pulled the big four glove manufacturers substantially below analysts’ target prices by as much as 51%.Judging by investment analysts’ target prices, the current share price weakness should be a …



How the world’s largest maker of rubber gloves is coping ...

’s share price has risen more than 250 per cent this year, giving it a market value of about $10bn in early June. ... has allowed glove manufacturers to raise prices. Lim says the price ...

Gloves Sector Outlook - Where SG Investors Share

Dec 14, 2020·Note that 95% of Riverstone’s products are nitrile gloves. For expansion, Riverstone is on track to complete its Phase 6 in 2020, which will add 1.5bn ppa or 17% to 10.5bn ppa. At its current share price of S$1.96, Riverstone is trading at 5.7x FY21F P/E. This is below its average forward P/E of 13.4x and at -3.3SD valuation, which we believe ...

Nitrile Glove Market Insights (2020 to 2025) - Analysis ...

Oct 30, 2020·6.2 2020-2025 Nitrile Glove Industry Cost and Profit Estimation. 6.3 2020-2025 Global and Chinese Market Share of Nitrile Glove. 6.4 2020-2025 Global and Chinese Supply and Consumption of Nitrile ...

MSCM, the latest firm to jump on nitrile glove producing ...

Aug 25, 2020·MSCM is the latest to join the bandwagon of new glove entrants in the market. Its share price shot up 12.5 times within five weeks from the low of 14 sen on July 15 to an all-time high of RM1.76 before today’s announcement. For the financial year ended March 31, 2020, it posted an audited net loss of RM7.43 million, compared with a net loss ...

8 Glove Stocks & 6 Sectors Profit in COVID-19 (易如反掌) - Ein55

Jun 01, 2020· is the world’s largest rubber glove manufacturer with many types of latex and nitrile gloves from manufacturing facilities in Malaysia, Thailand and China. Founder and major shareholder is Lim Wee Chai (27% ownership), also the No 14 richest person in Malaysia (Forbes’ List), supported mainly by rising share prices over the 2 past ...

(HART MK) 3m avg turnover (USDm) .0 BUY 17.1 450 ...

Share Price MYR 9.93 12m Price Target MYR 13.10 (+42%) Previous Price Target MYR 16.40 Company Description ... MYR34.0B 33.7 Hartalega is the world's largest nitrile medical gloves producer. 20.50/7.25 Employees Provident Fund BNP Paribas Wealth Management 17.1 3,428 USD8.3B ... target price and rating for Hartalega. Abrupt changes in NBR and ...

World's Largest Rubber Glove Maker's Big Bounce Ending ...

Jan 12, 2018·The share of the lower margin latex powdered gloves has reduced from 55 percent to 31 percent, even falling below the share of the higher margin nitrile gloves.

How low are glove stocks compared with bullish analysts ...

Feb 25, 2021·Likewise, Hartalega Holdings Bhd, the world’s biggest nitrile glove producer, dropped to a near nine-month low of RM10.40, marking a 14.3% decline year to date. The stock is approximately 39% below its average target price of RM17.16.

Global Nitrile Gloves Market Size & Share Report, 2020-2027

Sep 25, 2020·It has maintained its target price on Hartalega to RM20.60 per share as it lowers its 2021 price-earnings ratio to 14 times from 27 times, given that Hartalega’s earnings may taper in FY23 due to more new supply coming into the market. “Hartalega is now our top pick for its share price as it lagged behind its big-cap peers.

How low are glove stocks compared with bullish analysts ...

Feb 25, 2021·Likewise, Hartalega Holdings Bhd, the world’s biggest nitrile glove producer, dropped to a near nine-month low of RM10.40, marking a 14.3% decline year to date. The stock is approximately 39% below its average target price of RM17.16.

Glove stocks: Share price run over? Or is well-supported?

Aug 26, 2020·• Current average selling price (ASP) for nitrile gloves is about US$65-70 (after a hefty 30% hike in Aug). A 10-15% increase is projected for September (previously 5%) and another hike of >10% in October (previously 5%). Spot price is about double at ~US$130. • Raw material prices for nitrile have gone up 10% monthly.

(HART MK) 3m avg turnover (USDm) .0 BUY 17.1 450 ...

Share Price MYR 9.93 12m Price Target MYR 13.10 (+42%) Previous Price Target MYR 16.40 Company Description ... MYR34.0B 33.7 Hartalega is the world's largest nitrile medical gloves producer. 20.50/7.25 Employees Provident Fund BNP Paribas Wealth Management 17.1 3,428 USD8.3B ... target price and rating for Hartalega. Abrupt changes in NBR and ...

Disposable glove makers turn to nitrile to cope with Covid ...

Dec 09, 2020·Growing demand for nitrile Because of the increasing prevalence of latex sensitivity among healthcare workers (HCWs) and patients, nitrile gloves are preferred over conventional latex gloves in medical environments.At present, the production of Malaysian glove makers is largely focused on nitrile gloves (60%), which is sourced from petroleum, while latex gloves make up the balance 40%.

Hartalega Holdings Berhad Strategic Management - Fountain ...

Hartalega has exports almost all of their products mainly to the developed countries such as USA, Brazil, Japan, Germany, Europe, Malaysia and others. Hartalega also has expanded its business successfully to China and India. Gloves sales have increase but a little drop in the selling prices. Major output of the company is made up by nitrile gloves.

How low are GLOVEs compared with bullish analysts’ target ...

Feb 25, 2021·Likewise, Hartalega Holdings Bhd, the world’s biggest nitrile glove producer, dropped to a near nine-month low of RM10.40, marking a 14.3% decline year to date. The stock is approximately 39% below its average target price of RM17.16.

- SGinvestors.io | Where SG Investors Share

Sep 18, 2020·Maintain BUY on with target price of RM12.30, based on 13.0x 2021F PE, or close to -3SD of its 5-year forward PE mean.; We have lowered our PE peg (from normalised mean PE peg of 24.5x) as we believe valuations are being pegged to windfall peak earnings, upside to earnings is increasingly being factored in, and the risk-to-reward at this juncture is increasingly pronounced given …

Glove stocks: Share price run over? Or is well-supported?

Aug 26, 2020·• Current average selling price (ASP) for nitrile gloves is about US$65-70 (after a hefty 30% hike in Aug). A 10-15% increase is projected for September (previously 5%) and another hike of >10% in October (previously 5%). Spot price is about double at ~US$130. • Raw material prices for nitrile have gone up 10% monthly.

Broker's take: DBS boosts Riverstone's TP on glove price ...

Jul 15, 2020·DBS Group Research on Wednesday maintained its “buy” call on Malaysia-based nitrile glove manufacturer Riverstone Holdings, while raising its target price to S$3.90 from S$3.09 previously. Shares of Riverstone were trading at S$3.02 as at 11.03am, down S$0.08 or 2.6 per cent.

How the world’s largest maker of rubber gloves is coping ...

’s share price has risen more than 250 per cent this year, giving it a market value of about $10bn in early June. ... has allowed glove manufacturers to raise prices. Lim says the price ...

Maybank says best is over for glove sector as ASP peaks ...

Jul 02, 2021·These glove manufacturers’ share prices settled lower during Bursa Malaysia’s 12:30pm break today. fell four sen or 0.98% to RM4.03, Hartalega slipped 12 sen or 1.68% to RM7.02, Supermax slid five sen or 1.51% to RM3.26 while Kossan lost eight sen or 2.51% to RM3.11.

How low are GLOVEs compared with bullish analysts’ target ...

Feb 25, 2021·Likewise, Hartalega Holdings Bhd, the world’s biggest nitrile glove producer, dropped to a near nine-month low of RM10.40, marking a 14.3% decline year to date. The stock is approximately 39% below its average target price of RM17.16.

Malaysia, hand-in-glove with the rubber glove market

May 07, 2019·A leading rubber glove producer, Malaysia has secured its spot in the world market, being home to four players, including , Hartalega, Kossan Rubber, and Supermax, and to date, is already exporting gloves to over 195 countries worldwide.. Malaysia remains the world’s leading supplier of medical gloves (examination and surgical gloves), supplying more than 50% of …

Gloves Sector Outlook - Where SG Investors Share

Dec 14, 2020·Note that 95% of Riverstone’s products are nitrile gloves. For expansion, Riverstone is on track to complete its Phase 6 in 2020, which will add 1.5bn ppa or 17% to 10.5bn ppa. At its current share price of S$1.96, Riverstone is trading at 5.7x FY21F P/E. This is below its average forward P/E of 13.4x and at -3.3SD valuation, which we believe ...

Hartalega likely to benefit from nitrile glove shortage ...

Sep 25, 2020·TheStar Fri, Sep 25, 2020 09:40am - 2 months ago. The shortage may lead to Hartalega Holdings Bhd, one of the world’s largest nitrile gloves producers, raising its average selling price (ASPs) “more aggressively” in the coming quarters, according to Maybank IB Research. PETALING JAYA: There’s a worldwide shortage of nitrile gloves, and ...