This article first appeared in The Edge Financial Daily on February 10, 2020

HLT Global Bhd (+ve)
HLT Global Bhd (fundamental: 0.95/3, valuation: 0/3) shares closed 1.5 sen or 5.66% higher at 28 sen last Friday, with 5.76 million shares traded, almost 22 times the counter’s 200-day average volume of 263,709 shares.

The group is principally involved in the design, installation, testing and commissioning of glove-dipping lines. It also manufactures rubber gloves.

For the third quarter ended Sept 30, 2019, HLT’s net profit jumped to RM2.68 million, almost three times the RM963,000 it recorded a year ago, following improved performances of its glove-dipping line and rubber glove segments. This was despite revenue dropping 17.92% to RM38.44 million from RM46.83 million, on a weaker contribution from its rubber glove segment.

For the cumulative nine months ended Sept 30, 2019, HLT recorded a net profit of RM6.89 million versus a net loss of RM5.7 million a year ago, as revenue grew almost 30% to RM114.71 million from RM88.37 million, on higher revenue from its glove-making business.