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The FBM KLCI staged a relief rally today, breaking a three-day losing streak. The benchmark index climbed 9.65 points or 0.62% to close at 1,571.82, as investors look for oversold counters following the recent sell-down.
Research and Markets: European Disposable Gloves Market Report 2021-2025 - Market is Poised to Grow by $927.40 Million - ResearchAndMarkets.com ResearchAndMarkets.com's offering. The disposable gloves market in Europe is poised to grow by 927.40 mn during 2021-2025, progressing at a CAGR of almost 8% during the forecast period. The market is driven by the growing occurrence of contagious and infectious diseases, increasing adoption in various industries due to stringent regulatory frameworks, and growing need for worker safety and maintaining product quality. The report on disposable gloves m...
posted a net profit of RM123.5mil in the first quarter on increased sales volume and higher average selling prices (ASPs). Revenue in the three-month ended March 31 more than doubled to RM241mil compared with RM104.7mil a year ago. Earnings was 23 sen a share. Careplus has declared an interim dividend payout of 2 sen a share. "We are now running 34 lines with an annual capacity of 5.82 billion pieces of gloves," Careplus said in a filing with Bursa Malaysia today. "By mid of June 2021, we shall complete installation 6 lines and another 8 lines by end of 2021, with an addition of 9 lines in p...
released their latest quarterly blockbuster earnings this week, with both companies adding RM1bil in net profit each. But the pandemic driven bumper profit for glove companies may have reached a peak after rising almost uninterrupted since March 2020. Supermax on Wednesday warned that spot prices are falling and the industry is facing a surge in capacity as players in Malaysia, Thailand and China invest heavily in new production lines. Glove prices, it said, have declined by as much as 25% since March, as more countries worldwide rollout their Covid-19 vaccination programme. Some analysts es...
KUALA LUMPUR: Dagang Nexchange Bhd, Cahya Mata Sarawak Bhd, Supermax Corp Bhd, UEM Sunrise Bhd and Gas Malaysia Bhd are among the stocks to watch on Thursday, according to JF Apex Research.