Inconsequential ‘MGO’
THE demand for gloves is so strong that producers are able to command a premium for purchasers wanting immediate delivery. The premium for spot orders is as high as three times more than the normal price.
However, the premium that the rubber gloves command does not necessarily reflect in the share price. The mandatory general offer (MGO) of Rubberex Corp (M) Bhd underlines the disconnect between the market price of the shares and its product.
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