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KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight outlook on glove makers with Kossan and Top Glove as top picks.
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.
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.
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.
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.
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.
PETALING JAYA: The price of medical rubber gloves is set to increase when the higher minimum wage comes into effect next month.
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.
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.
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.