Page 25 - Supermax Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KUALA LUMPUR: Kenanga Research, which has an "outperform" recommendation on Supermax Corp Bhd , has lowered its earnings forecast on expectation that average selling prices (ASP) will fall due to moderating glove demand. The glove maker said yesterday that global glove prices have dropped 15% to 25% following the roll out of the Covid-19 vaccines, but does not expect a sharp drop due to the structural change in glove consumption from new customer segments. Supermax's recent earnings result reflected the falling ASP as its 9MFY12 Patami of RM2.85bil came below expectations at 7...

KUALA LUMPUR: Glove maker Supermax Corp Bhd said its profit margins remained at near record levels in the third quarter ended March 31, but warned that glove prices have started to retreat from recent highs.

KUALA LUMPUR (May 5): As more new capacities are available in the market, rubber glove prices have started falling, said Supermax Corp Bhd. "The glove prices have since dropped by between 15% and 25%. Currently, the spot market prices are lower than the contracted prices," said the rubber glove maker in its quarterly results' announcement. The group, which posted a net profit of RM1 billion for the third quarter ended March 31, 2021 (3QFY21), said it anticipates the competition to intensify going forward. There have been more new glove players jumping on the bandwagon in view of the surge in ...

Top Glove Stock Rises After Slashing Hong Kong Share Sale Size Bloomberg 2 hrs ago Yantoultra Ngui (Bloomberg) -- Shares of the world’s largest rubber glove maker rose to a two-month high after the company cut its share sale in Hong Kong by nearly half of its earlier target, a move analysts said will minimize earnings dilution. Top Glove Corp. climbed as much as 2.5% in Kuala Lumpur Friday, the highest since Feb. 23. The company, whose shares also trade in Singapore, will issue up to 793.5 million shares, down from 1.49 billion announced in February, it said in a filing on...

Small Stocks Crush Malaysia Benchmark, Unseen in Decades Bloomberg 1 hr ago Chan Tien Hin and Abhishek Vishnoi (Bloomberg) -- Malaysia’s main equity index is languishing, but the nation’s small stocks are powering ahead as retail investors pile into a risky corner of the market. The FTSE Bursa Malaysia Small Cap Index has jumped 34% from a November low and is trading at the highest level since 2000 relative to the FTSE Bursa Malaysia KLCI Index. The benchmark index is down 1.6% for the year. © Bloomberg Malaysia's small stocks trading at highest level since 2000 versu...