Hartalega stock gained 3.70 percent on October 6

Published on 10/07/2026 at 01:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hartalega stock carries a MYR 1.21 average 12-month target from 15 analysts, with a Hold consensus. June-quarter revenue reached MYR 605.75 million and net profit MYR 70.03 million.

Hartalega, MYL5168OO009, Illustration mit AI erstellt.

Hartalega Holdings Berhad (MYL5168OO009) was last at MYR 1.12 on Bursa Malaysia on October 6, 2026 at 4:55 p.m. MYT, up 3.70 percent from the prior close. The key earnings signal is the company's first-quarter fiscal 2027 recovery, with profit expanding faster than revenue, according to I3investor.

Profit rose faster than revenue

For the quarter ended June 30, 2026, Hartalega reported revenue of MYR 605.75 million and net profit of MYR 70.03 million, according to Investing.com. Revenue increased from MYR 515.42 million in the prior quarter, while net profit rose from MYR 40.47 million, a sequential gain of 17.52 percent and 73.05 percent respectively.

The quarter also delivered MYR 0.02 in earnings per share, while the latest annual figures show MYR 2.14 billion in revenue and MYR 103.02 million in net income. That combination points to a margin-led recovery rather than a volume-led expansion, leaving selling prices and input costs as the main operating variables.

Analysts keep a Hold view

The consensus remains Hold among 15 analysts, with four Buy ratings, ten Hold ratings and one Sell rating, according to Investing.com. The average 12-month target is MYR 1.21, with estimates spanning MYR 0.89 to MYR 1.73; the average target lies 8.04 percent above the October 6 price of MYR 1.12.

The range matters because the stock remains between recovery optimism and valuation restraint. A MYR 1.21 average target is positive against the latest quote, but the spread between MYR 0.89 and MYR 1.73 shows materially different assumptions about the pace of normalization.

Selling prices face a cost test

Hartalega's MYR 3.8 billion market capitalization gives the pricing reset direct importance for shareholders. The Edge Malaysia reported on September 11, 2026 that average selling prices rose to USD 19-20 per 1,000 pieces in September from USD 18-19 in July and August, with USD 22-23 cited for October. The same report noted that higher natural gas costs from October could test manufacturers' ability to pass costs through.

Stock stays below its yearly high

Hartalega stock was last at MYR 1.12 on Bursa Malaysia on October 6, 2026 at 4:55 p.m. MYT, 18.84 percent below its 52-week high of MYR 1.38 and above the low of MYR 0.80.