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Health Care Equipment & Services

HARTALEGA HOLDINGS BHD (HARTA)

Company Score: 5.9/10Data as of: 7 Sept 2026

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1D • MYX

9 Oct, 05:13 am

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Company Profile

Company Profile — Hartalega Holdings Berhad (HARTA / 5168)

✅ Shariah Compliant — Approved by the Shariah Advisory Council (SAC) of the Securities Commission Malaysia

Who Is Hartalega?

Hartalega Holdings Berhad is Malaysia's largest nitrile glove manufacturer — and among the largest in the world. Unlike peers such as Top Glove (mixed nitrile + latex), Hartalega is a pure-play nitrile company: 100% focused on nitrile, a more expensive product with higher margins.

Their core products include:

  • Medical examination gloves
  • Industrial gloves
  • Cleanroom gloves — for semiconductor, pharmaceutical, and lab industries

Where Do They Sell?

MarketEstimated Revenue Share
🇺🇸 North America>50%
🇪🇺 Europe~20-25%
🌏 Asia (incl. Malaysia)~15-20%
Australia & others~5-10%

The US market is the primary driver — over half of all sales. This makes USD/MYR exchange rate movements and US tariff policies critically important for Hartalega.

Operational Strength

📊 85% of production processes are automated — among the highest in the global glove industry. This means Hartalega is less exposed to wage inflation risk compared to competitors.

Key Details

SectorHealth Care Equipment & Services
ExchangeMYX (Bursa Malaysia Main Market)
Stock Code5168
TickerHARTA
CurrencyMalaysian Ringgit (RM)
Listed Since2005
FounderKuan Kam Hon

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Financial Analysis

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Catalysts & Drivers

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Conclusion & Recommendation

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