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KUALA LUMPUR: Glove maker Careplus Group Bhd posted a net profit of RM123.5mil in the first quarter on increased sales volume and higher average selling prices (ASPs).
TWO of the country’s top glove producers Supermax Corp Bhd and Hartalega Holdings Bhd released their latest quarterly blockbuster earnings this week, with both companies adding RM1bil in net profit each.
KUALA LUMPUR: Kenanga Research, which has an "outperform" recommendation on Supermax Corp Bhd, has lowered its earnings forecast on expectation that average selling prices (ASP) will fall due to moderating glove demand.
KUALA LUMPUR: Glove maker Supermax Corp Bhd said its profit margins remained at near record levels in the third quarter ended March 31, but warned that glove prices have started to retreat from recent highs.
KUALA LUMPUR: Kossan Rubber Industries Bhd made a net profit of RM1bil in the first three months of this year, driven by "the unprecedented demand" for the group’s glove products.
The prospects for Comfort Gloves Bhd are positive, supported by growing demand for gloves, particularly from developing countries, according to RHB Research
PETALING JAYA: The average selling price (ASP) of rubber gloves is expected to remain robust in the next one-and-a-half to two years, since industry players are projecting a shortage in nitrile gloves that could possibly last until 2023 due to the shortage in raw material supply, MIDF Research said.
KUALA LUMPUR: Supermax Corp Bhd joined bigger rival Hartalega Holdings Bhd to post RM1bil net profit in one quarter, propelled by rising glove prices amid robust demand for the protective gear.
THE Federation of Malaysian Manufacturers (FMM) told its members on Monday to take additional measures and tighten the standard operating procedures (SOPs) at their workplace and living quarters of employees to curb the spread of the Covid-19.