HLIB lowers target price for Hartalega amid declining ASPs (opens original article in a new tab)

HLIB lowers target price for Hartalega amid declining ASPs. Hartalega Holdings Bhd is likely to see a drop in sales volume between eight per cent and 12 per cent in the second quarter amid falling average selling prices (ASPs) and further price declines, said Hong Leong Investment Bank Bhd (HLIB).

• HLIB lowers target price for Hartalega
• Hartalega's sales volume likely to drop 8-12% in Q2
• ASPs and further price declines cited as reasons