FY3/22F tax bill set to rise by RM400m 1HFY3/22 core net profit of RM3.2bn (+317% yoy) was in line with estimates. Hartalega expects Cukai Makmur, which was announced by the government in its Budget 2022, to increase its 2HFY22F tax liability by RM400m. Reiterate Add, with a lower TP of RM6.40 (24x CY23F P/E). Current […]

Read more of this post