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HAVING enjoyed record profits and a fantastic run-up in share prices over the past one year, rubber glove companies now face mighty headwinds - a strong ringgit and record high latex prices. However, manufacturers says that continuous demand for their products will offset the challenges.
KUALA LUMPUR: Rubber glove stocks on Bursa Malaysia yesterday took a beating yesterday - not so much for the stronger ringgit hurting earnings - but rather for demand cycle hitting a plateau.