US Tariffs on China gloves to weigh on Hartalega's sales and ASPs
Hartalega Holdings Bhd is likely to face continued pressure on both sales volumes and average selling prices (ASPs), impacted by frontloading activities from US buyers ahead of increased tariffs on China-made gloves.
Hartalega Holdings Bhd is likely to face continued pressure on both sales volumes and average selling prices (ASPs), impacted by frontloading activities from US buyers ahead of increased tariffs on China-made gloves.
Public Investment Bank Bhd (PublicInvest) projects that Hartalega's sales volume will decline by 15 per cent to 20 per cent quarter-on-quarter in the fourth quarter of FY2025, as US customers continue to deplete earlier stockpiles. A notable recovery in order replenishment is only expected to materialise by June 2025.
"Meanwhile, ASPs continue to trend lower, with the company currently pricing at US$19/1,000 pcs for the US market and USD17/1,000 pcs for non-US market customers, about a 14 per cent decline from Dec 2024 levels.
"This reflects sustained pricing pressure across key export markets," it said.
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