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have initiated a full shutdown of their manufacturing facilities in Selangor amid the enforcement of the emergency movement control order (EMCO).
Analysts believe that while the impact on glove companies’ earnings will be temporary, investors’ sentiment on glove counters could be hit over the short term.
Maybank Investment Bank Research (Maybank IB) said the move by the glove players to shut down their facilities was surprising.“We are negatively surprised as gloves, which are personal protective equipment, constitute essential items and glove factories were allowed during the first lockdown last year.
“In our view, the temporary shutdown of glove factories will not only affect the companies’ earnings but could also jeopardise their relationships with overseas buyers, especially when the Malaysian glove makers are currently experiencing escalating competition from the China glove makers, ” it said in a report yesterday.
Maybank Research said Lam’s Asia expansion and push for localisation could create interesting growth opportunities for some Singapore and Malaysia-listed suppliers in the coming years.
KUALA LUMPUR: US-based Lam Research Corporation, a leading provider of wafer fabrication equipment (WFE), which made Malaysia a manufacturing centre of excellence, plans to add further capacity which could see UWC, Fronken Corporation, Greatech and Pentamaster as among the beneficiaries, according to an analyst report.
Maybank Investment Bank Research said on Monday the company had recognised the tremendous long-term growth potential of semiconductor opportunities in Asia and it was stepping up the localisation and also upskilling the local supply chain.
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KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd will mitigate the negative impact on its sales with off-trade and e-ecommerce channels as its manufacturing operations shutter during the first phase of the ongoing movement control order.