KUALA LUMPUR, Nov 3 ― MIDF Research has maintained its 'buy' call on Hartalega Holdings Bhd with a revised target price (TP) of RM8.03 from RM8.40 previously after the company announced its first half result ended September 30, 2021 (1HFY2022). Hartalega’s 1HFY22 net profit grew 315 per cent...
Wednesday, 03 Nov 2021 11:23 AM MYT
It said the second quarter net profit decreased 59.5 per cent quarter-on-quarter to RM914 million and compared to the previous quarter, revenue decreased by 48.5 per cent qoq to RM2.01 billion due to a decrease of 27 per cent qoq in ASP compared to 1QFY2022. Meanwhile, Public Investment Bank Bhd maintains its neutral call on Hartalega Holdings Bhd, given the limited price upside.
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