Supermax Group News Today

The operational creditor had approached the tribunal in September last year after Supermax Personal Care defaulted on its dues of ₹1.97 crore.

The contracts are for the supply of nitrile gloves.

KUALA LUMPUR, Oct 22 — MIDF Research has downgraded Supermax Corporation Bhd to a ‘trading sell’ recommendation from a ‘neutral’ as the company could face substantial impact from the United States Customs import ban. It revised down the target price (TP) for the share to RM1.67 from...

KUALA LUMPUR, Oct 21 — Supermax Corporation Bhd’s representatives in the United States are currently in touch in the US Customs and Border Protection (CBP) to obtain more clarity and information on the Withhold Release Order (WRO) issued and the required measures going forward. The company said...

KUALA LUMPUR, Oct 21 (Bernama) -- Supermax Corporation Bhd’s representatives in the United States are currently in touch in the US Customs and Border Protection (CBP) to obtain more clarity and information on the Withhold Release Order (WRO) issued and the required measures going forward.

Prices of rubber gloves tripled this year due to the pandemic, and that helped to boost the fortunes of five founders of Malaysia’s glove companies.

to post RM1bil net profit in one quarter, propelled by rising glove prices amid robust demand for the protective gear. The Group’s revenue and profit after tax in the three-month ended Dec 31 expanded by 47.8% and 32.9% respectively from the immediate preceding quarter, as new Covid-19 cases around the world continued to climb. "The Average Selling Prices (ASPs) are continuing to trend upwards and the highest ASPs have not been reflected in this current quarter," it said in a statement today...