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THE recent inaugural roundtable on the rubber glove industry has provided a deeper insight into the game plan of the nation’s top rubber glove players to stay competitive and still reign as the world’s largest producers of the product.
PETALING JAYA: Rubber glove makers are winning back some love from the market, thanks to China.
ON the surface, it looks like tough times for rubber glove makers — with raw material costs escalating and a weaker US dollar against the ringgit potentially eating into revenue.
PETALING JAYA: Major rubber glove manufacturers on Bursa Malaysia saw their share prices shoot up to all-time highs yesterday, driven by stellar earnings results from Top Glove Corp Bhd. Shares in Top Glove, the world’s largest glove manufacturer, gained 54 sen to close at a record high of RM7.48 apiece, with 7.6 million shares changing hands.
KUALA LUMPUR: While acknowledging cost pressures in the industry, Supermax Corp Bhd the world's second largest glove maker strangely blamed bonus issues for creating a glut of new rubber glove shares on Bursa Malaysia that triggered profit-taking and dragged the share prices of most rubber glove counters lower in recent months.