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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.
KUALA LUMPUR: Malaysia continues to dominate the world rubber gloves market by capturing about 60.8% of total world exports last year and is clearly ahead of its closest competitors. It is followed by Thailand at 16.8%, China 6.7% and Indonesia 5.1%, a conference was told yesterday.
KUALA LUMPUR: The government aims to attract more private investments in the rubber and its related industries as the sector is important for the country amid its bullish outlook.
KUALA LUMPUR: Although the earnings trend for rubber glove companies moving forward is still unpredictable, analysts say the current lower entry levels provide an opportunity to enter the stocks.