Latest news with #HartalegaHoldings
Yahoo
30-05-2025
- Business
- Yahoo
With 47% ownership, Hartalega Holdings Berhad (KLSE:HARTA) insiders have a lot riding on the company's future
Hartalega Holdings Berhad's significant insider ownership suggests inherent interests in company's expansion 56% of the business is held by the top 3 shareholders Institutions own 21% of Hartalega Holdings Berhad We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A look at the shareholders of Hartalega Holdings Berhad (KLSE:HARTA) can tell us which group is most powerful. We can see that individual insiders own the lion's share in the company with 47% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. So it follows, every decision made by insiders of Hartalega Holdings Berhad regarding the company's future would be crucial to them. Let's delve deeper into each type of owner of Hartalega Holdings Berhad, beginning with the chart below. View our latest analysis for Hartalega Holdings Berhad Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Hartalega Holdings Berhad does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Hartalega Holdings Berhad, (below). Of course, keep in mind that there are other factors to consider, too. Hartalega Holdings Berhad is not owned by hedge funds. From our data, we infer that the largest shareholder is Kam Kuan (who also holds the title of Top Key Executive) with 40% of shares outstanding. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Budi Tenggara Sdn Bhd is the second largest shareholder owning 8.6% of common stock, and Kumpulan Wang Persaraan holds about 6.5% of the company stock. To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Hartalega Holdings Berhad. Insiders own RM3.1b worth of shares in the RM6.5b company. That's quite meaningful. Most would be pleased to see the board is investing alongside them. You may wish to access this free chart showing recent trading by insiders. With a 22% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Hartalega Holdings Berhad. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 9.7%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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Business Times
06-05-2025
- Business
- Business Times
Hartalega expects Malaysian glove makers to gain US market share
Malaysia is negotiating with the US to bring its tariffs on the nation down to zero [KUALA LUMPUR] Despite the threat of high US tariffs, glove maker Hartalega Holdings said Malaysian makers of the latex products are primed to gain further American market share as Chinese competitors face geopolitical headwinds. Escalating tensions between the US and China are creating an opening for Malaysian glove makers to gain ground in America, Hartalega said in its Tuesday (May 6) earnings statement. The fallout 'is likely to provide positive catalyst' for the country's glove makers such as Hartalega, the company said. Malaysia is negotiating with the US to bring its tariffs on the nation down to zero, from the 24 per cent that US President Donald Trump pledged to impose. Chinese exporters to the US are grappling with Trump tariffs of 145 per cent. Malaysia's share of the US glove market surged to around 60 per cent in early 2025 from about 46 per cent in 2024, according to a late April report from Citigroup China's US glove market share dropped to around 5 per cent from 21 per cent in the same period. Chinese companies had made 'significant inroads' in the US medical exam gloves market as a result of the pandemic, it said. Nonetheless, the US market 'will be challenging in the short to medium term' due to tariffs and competition that will put pressure on prices, particularly amid softer demand in the US during the first half of 2025 following 'earlier front-loading activities,' Hartalega said. 'Global demand has recovered beyond pre-pandemic levels in 2024, and the group anticipates continued healthy growth over the longer term,' the company said. Hartalega's fourth-quarter net income dipped 2.8 per cent to RM14.5 million (S$4.4 million), weighed down by higher operating expenses according to the Tuesday filing. The company said it will 'continue driving automation and digital transformation initiatives to enhance productivity and cost efficiency across all facilities.' BLOOMBERG
