“This will be further aggravated by higher labour cost in 2020 following the 9.1% upward revision in minimum wage, ” AmInvestment Bank Research said in a note yesterday.
PETALING JAYA: Rising market competition will continue to exert pressure on Top Glove Corp Bhd
’s profit margin, according to analysts.
Nitrile and latex glove supply by top rubber glove producers in Malaysia and Thailand was expected to increase by 14.2% in 2020, exceeding the organic demand growth expectation of 8% to 10%.
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