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Kossan Rubber Industries Bhd's earnings rose 12.8% to RM23.62mil in the second quarter ended June 30, 2012 from RM20.94mil a year ago mainly due to its gloves manufacturing business and was optimistic that demand for all types of gloves would remain strong.
CIMB Equities Research maintained its Outperform recommendation on glove maker Supermax Corp with a target price of RM2.64.
World's second largest rubber gloves maker, Supermax Corporation Bhd foresees a healthy 15% to 20% earnings growth per annum for the next five years.