KUALA LUMPUR: Brokerage firms expect Supermax Corp Bhd’s (Supermax) fourth quarter ending June 30 (4Q20) earnings to be better than its third quarter results on the back of an increase in average selling prices (ASPs), a surge in glove orders and better economies of scale.
As such, CGS-CIMB Research is keeping its “add” call on Supermax with a higher target price of RM6.50.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!