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PETALING JAYA: Glovemaker Hartalega Holdings Bhd’s net profit skyrocketed to RM1.12bil for the fourth quarter ended March 31,2021, from RM114.42mil a year earlier, thanks to higher sales and lower operation costs.
Glove manufacturer Hartalega Holdings Bhd’s net profit surged to RM1.12bil in the fourth quarter ended March 31,2021 and jumped to RM2.88bil for the financial year as demand increased tremendously due to the impact of the global Covid-19 pandemic.
PENANG: Iconic Worldwide Bhd’s new personal protective equipment (PPE) manufacturing facility for gloves and face mask in Batu Kawan, Penang has reached 70% completion after 100 days of construction.
TA Securities Research expects buying interest in the local market should sustain this week with selective nibbling in undervalued blue chips, gloves and selective oil and gas stocks.
The prospects for Comfort Gloves Bhd are positive, supported by growing demand for gloves, particularly from developing countries, according to RHB Research
The Malaysian Rubber Glove Manufacturers Association (Margma) has called for tighter regulations and stricter enforcement following the closure of an illegal rubber glove reprocessing factory in Bandar Baru Bangi by Kajang Municipal Council (MPKj).
RHB Research said Top Glove was currently undervalued.
Rollout of vaccines and overcapacity among issues
RUBBER gloves were strewn on the floor and some were on sorting tables.
BANGI: An illegal factory that washes nitrile gloves and resells them as fit for medical grade use was sealed by the Kajang Municipal Council (MPKj).