TA Securities Research expects the diversion of shipments will flush other markets and depress the average selling prices (ASPs) of gloves.
KUALA LUMPUR: Supermax Corp Bhd
has cautioned that there could be a material adverse impact on its financial performance should efforts to divert its US glove shipments to other markets are unsuccessful.
The glove maker said in a filing with Bursa Malaysia that the extent of the adverse impact will also be determined by the duration of the withhold release order (WRO) by the United States Customs and Border Protection (CBP).
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