M+ Online
8th February 2023

Stock Digest - Hartalega Holdings Bhd - Marred By Extended Normalisation In ASP

Blended ASP declined -8.3% QoQ in 3QFY23. Given the intense market competition, we reckon that ASP may remain under pressure, before mild signs of revival towards mid-to-end 2023 as purchasers’ inventory levels from previous stockpiling activities dialed down and exit of new entrants from recent years.

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