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KUALA LUMPUR: Top Glove Corp Bhd remains a value buy despite the US Customs and Border Protection determining a finding of forced labour in the group's production of disposable gloves, says Kenanga Research.
KUALA LUMPUR: Top Glove Corp Bhd is looking forward to working with the US Customs and Border Protection (CBP) to resolve the allegation of forced labour practices in a swift manner following the latter’s latest move that directed its ports to seize goods from the manufacturer.
KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the ministry will investigate allegations of forced labour that was being used by Top Glove Corp Bhd.
KUALA LUMPUR: The local bourse ended Tuesday on a weak note, bucking the uptrend among regional peers, as index-linked glove makers dragged.
KUALA LUMPUR: The FBM KLCI retraced most of the loss from earlier in the day but remained in the red with Top Glove as the leading laggard.
KUALA LUMPUR: Malaysia's removal from the FTSE Russell Watch List failed to rally investor sentiment on the market amid profit-taking while news of the US Customs' finding of forced labour against Top Glove Corp Bhd dragged on the glove heavyweight.
KUALA LUMPUR: The US Customs and Border Protection (CBP) has directed personnel at all US ports of entry to begin seizing disposable gloves produced by Top Glove Corp Bhd in Malaysia.
KUALA LUMPUR: The US Customs and Border Protection (US CBP) has claimed that certain products by Top Glove Corp Bhd had been manufactured with the use of forced or indentured labour.
FGV’s leased palm oil mills and estates to be integrated with Felda’s other estates