No material impact on Supermax

MIDF Research has maintained its earnings estimates on the glove maker. The aborted deal was initially intended for the construction of operations headquarters for Maxter Glove.

PETALING JAYA: Supermax Corp Bhd’s unit Maxter Glove Manufacturing Sdn Bhd’s move to abort its RM73.49mil land acquisition from S P Setia Bhd’s subsidiary, Bandar Setia Alam will not likely have a material impact on the group’s near-term earnings.

For that reason, MIDF Research has maintained its earnings estimates on the glove maker. The aborted deal was initially intended for the construction of operations headquarters for Maxter Glove.