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.

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