Glove prices to stay higher than pre-Covid-19 times


Just two days earlier, Hartalega Holdings Bhd chairman Kuan Kam Hon (pic) said glove demand would continue to outstrip supply over the next three years, unaffected by the availability of a Covid-19 vaccine.

PETALING JAYA: While there are growing concerns over the sustainability of glove demand and its future average selling prices, the bosses of the world’s two largest glove makers continue to hold a bullish view on the sector’s outlook.

After posting a phenomenal 1,642% net profit growth in the fourth quarter ended Aug 31,2020, Top Glove Corp Bhd chairman Tan Sri Lim Wee Chai said that “our best days are still ahead of us”.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks

Others Also Read