Hong Leong Investment Bank (HLIB) has lowered its target price for Hartalega Holdings Bhd, anticipating an eight to twelve percent decrease in sales volume during the second quarter. This projected decline is attributed to consistently falling average selling prices (ASPs) for gloves. HLIB forecasts further price reductions will impact Hartalega’s performance. The analysis suggests ongoing pressure on glove manufacturers due to market dynamics. This follows a period of high demand and elevated prices during the COVID-19 pandemic. Investors are reacting to the anticipated downturn in Hartalega’s financial results. The report indicates a challenging environment for the Malaysian glove industry.