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Business

Latexx makes turnaround

Rubber glove manufacturer Latexx Partners Bhd turned around for the year ended Dec 31, 2005 with a net profit of RM4.3mil against a net loss of RM668,000 a year ago.

Business

Top Glove expects higher prices

Leading rubber glove manufacturer Top Glove Sdn Bhd believes that prices could go up as much as 10% for gloves in view of the rising price trends for latex concentrate and crude oil, both of which are key components in natural rubber and synthetic rubber gloves.

Community

Ex-directors sue for RM7.8m

B>IPOH:/BFour former directors of public-listed rubber glove factory APL Industries Bhd are suing the company and its subsidiary APL Products Sdn Bhd for owing them a total of RM7.895mil.

Business

More M&As likely in glove industry

MERGERS and acquisitions (MAs) are expected to remain a prominent feature in the local natural rubber (NR) glove industry this year.

Business

Top Glove expects 40% jump in sales

Top Glove Corp Bhd expects revenue to touch RM900mil for the year ending Aug 31, 2006, from RM641.8mil a year earlier. This would be achieved on the back of the group's aggressive expansion plans, said executive chairman and chief executive officer Datuk Lim Wee Chai.

Business

Stockwatch

Hanim Adnan writes on: Asiatic, The Store, AmInvest, Kossan and SP Setia.

Business

Movers and shakers this year

In an end of the year review Keiith Hew writes on the main movers on the Malaysian Stock Exchange for the year 2005. He has picked Lion Diiversified, MISC, Bursa, IOI, AKN, KNM, Fountain View, Top Globve, Pantai, and Farm's Best.

Business

APLI investing RM45mil to expand Vietnam ops

RUBBER glove maker APL Industries Bhd (APLI) plans to invest RM45mil to set up 12 more production lines at its plant in Vietnam next year, said managing executive director Datuk Seri Stanley Thai.

Business

Top Glove, Kossan to end year on high note

Shares in local rubber glove makers Top Glove Corp Bhd and Kossan Rubber Industries Bhd look set to end the year at record highs, buoyed by a robust growth outlook, as investors remain focused on the industry leaders.

Business

AKN Tech to buy chemical coating supplier for RM30m

AKN Technology Bhd (AKN Tech), which yesterday posted a net loss of RM14.2mil or a loss of 12.25 sen a share for its second quarter ended Sept 30, announced it was planning to buy a chemical coating supplier to the rubber glove industry to diversify its business away from the volatile semiconductor industry.