RHB maintains 'buy' on Supermax, TP at RM1.86


KUALA LUMPUR: While Supermax Bhd is expected to benefit from a demand surge in gloves owing to the Covid-19 pandemic, RHB research is positive over the company's plans for the future expansion of its manufacturing capacity.

The glove maker recently announced that it had acquired a tract of land in Kapar, Klang, for RM20mil, which a news report says it plans to use to increase its production by 4.5 billion ppa over the next five years.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit may breach 3.95 next week on Middle East ceasefire optimism
Chile’s hot for investors
Don’t bend lending rules for power boom
Tokens lure top AI talent
A conflict that’s set to hurt margins
Stocks not doomed in stagflation
Staying rational in volatile times
AI rewrites Bollywood’s script
Private-credit strain spreads�
Joe Holding swaps batteries for bites

Others Also Read