Analysts raise earnings estimates on Kossan


KUALA LUMPUR: Analysts are revising higher their earnings forecasts on Kossan Rubber Industries Bhd following the release of its estimate-beating first quarter results.

The glove maker yesterday announced 1QFY21 core net earnings of RM1.1bil, which was above analysts expectations, on the back of higher-than-expected average selling prices (ASP) of gloves.

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