Hartalega Holdings listed in Malaysia as mentioned many times on this forum is the closest comparison to VIP as both businesses
produce mainly nitrile gloves.
Hartalega is currently trading on a PE ratio of 18x and a dividend yield of 1.6%.
VIP is currently trading at some 2 to 3X PE and a dividend yield of some 10% !!
Goes to show the Malaysian management have no fxxxxing clue on how to promote the company. You can issue billions of shares to yourself
for we care. But if there are no volumes or new investors, your shares are just worth as good as a piece of toilet paper.
Hartalega Holdings Vs VIP Gloves
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