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CGS-CIMB Research retains overweight on glove makers
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight outlook on glove makers with Kossan and Top Glove as top picks.
Higher fuel subsidy poser for Malaysia
PETALING JAYA: The government’s decision to postpone the petrol subsidy programme (PSP) may backfire, if the US-Iran conflict is prolonged and results in soaring crude oil prices.
Oil and gas, plantations to benefit from high crude oil prices
KUALA LUMPUR: CGS-CIMB Equities Research sees oil and gas (O&G) and plantation companies as potential winners if crude oil prices stay elevated, while airline, shipping, rubber gloves and petrochemical companies may be impacted due to higher operating costs.
Top Glove plans to produce more nitrile gloves
SHAH ALAM: Top Glove Corp Bhd expects its production of nitrile gloves to grow rapidly, with volume firmly surpassing that of low-margin latex gloves by the end of the year.
Rubber gloves could experience growing demand in 2020
KUALA LUMPUR: On the back of a positive results season, the rubber gloves sector is seeing signs of an uptick in demand in subsequent quarters, says Kenanga research.
Uproar over hike in minimum wage
PETALING JAYA: Manufacturers and bosses are questioning the timing as well as the list of 57 major towns and cities that will see a hike in the minimum wage from RM1,100 to RM1,200 beginning Jan 1,2020.
Prices for medical rubber gloves set to go up
PETALING JAYA: The price of medical rubber gloves is set to increase when the higher minimum wage comes into effect next month.
Top Glove posts quarterly net profit of RM111.43mil
KUALA LUMPUR: Top Glove Corp Bhd, which saw its first quarter performance boosted by its nitrile gloves segment, expects the segment’s strong performance to continue over the upcoming quarters.
Top Glove to expand to US market by mid-2020
After having successfully penetrated the European market for its flagship biodegradable gloves, the world’s largest glove maker will now set its foot in the world’s economic powerhouse – the US – by the middle of next year.
Report: Glove selling prices will stay under pressure
PETALING JAYA: Selling prices and operating profit margins of glove companies will come under pressure due to a short-term oversupply in the industry, said AmInvestment Bank Research.