Glovemakers can cover price hike


FRIDAY, NOVEMBER 17 KUALA LUMPUR- Release of Malaysia's 3rd Quarter 2017 GDP at 1200 (0400 GMT) KUALA LUMPUR- Prime Minister Najib Tun Razak launches publications by Global Movement of Moderates Foundation (GMMF) and its webpage at Multipurpose Hall, Level 3, Prime Minister's Office at 1715 (0915 GMT) ?

PETALING JAYA: Glovemakers are not expected to face much difficulty raising their average selling prices although the quantum of gas price increase was higher than expected.

CIMB Equities Research said in a note that glovemakers are should be able to manage the additional cost given the early notice and even if all additional costs are absorbed, there would be minimal earnings impact.

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Business , Glove makers , gas price , profit ,

   

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