AmInvestment Research: We hold the view that demand for gloves will remain stable post-Covid-19 due a wider adoption of glove usage by non-medical industries such as food and beverage, services and retail.
PETALING JAYA: Glove maker Kossan Rubber Industries Bhd
has received another round of earnings upgrades from analysts after releasing its financial results for its most-recently concluded financial quarter.
The company, which posted a net profit of RM542mil for its fourth quarter ended Dec 31,2020, saw a raise in its future earnings estimates by AmInvestment Bank’s research arm while another research unit, UOB Kay Hian Research, also upgraded its target earnings for the group.
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!
