The research house noted that the Malaysia Rubber Gloves Manufacturers Association expects global glove demand to grow at 20%, 25% and 15% in 2020,2021 and 2022 respectively.
PETALING JAYA: Mah Sing Group Bhd
’s maiden profit contribution from its foray into glove manufacturing is expected to be realised by the second quarter of next year, with production set to commence by April 2021.
KAF Equities Research in a note said the “litmus test” to capitalise the stock and reverse market scepticism on the diversification will be in earnings deliverance.
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