KUALA LUMPUR (Bernama): The temporary shutdown of glove factories will not only affect companies’ earnings but could also jeopardise their relationships with overseas buyers, especially when Malaysian glovemakers are facing escalating competition from China’s glovemakers.
In a research note on Wednesday (July 7), Maybank Investment Bank (Maybank IB) noted that Top Glove, Hartalega and Kossan had suspended the operations of their respective glove manufacturing facilities in Selangor on Tuesday (July 6) due to the enforcement of the enhanced movement control order.