Mainstream
Uncertain prospects for HLT Global
Shalini Kumar | 01 Dec 2017 00:30
Chan had said HLT has plans to expand its exports to Vietnam

HLT Global Bhd, which debuted on the ACE Market of Bursa Malaysia in January, may not see smooth sailing over the near term despite the generally good prospects for the glove industry.

The company, which primarily designs and manufactures glove dipping lines, is highly dependent on small glove manufacturing companies as well as on a few major clients for growth.

A fund manager says while there is room for growth in the glove industry, the smaller manufacturers – HLT’s key market – would have to differentiate themselves in terms of the products they offer.

“Smaller players need to offer a special product range, otherwise they will definitely face margin pressure, even if they manage to increase their revenue,” he tells FocusM.