Glove makers share prices drop


KUALA LUMPUR: Glove makers on Bursa Malaysia took a beating as high latex price continues to stir cost and profit margin concerns for the companies.

A local research house analyst said the sell-off yesterday might have taken its cue from the deteriorating eurozone debt worries amid high raw material prices namely natural rubber, that is seen to be squeezing the margins of glove makers.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wasco debuts Asean sustainable finance framework
KIP-REIT buys retail asset in Perak
Jakarta fears labour law refit will impact fund flows
Stronger second half seen for Hap Seng Plantations
Transformative HR – the way forward for businesses
Senate probes unauthorised transactions
Vietnam lauds benefits of WTO membership
MAA projects vehicle sales to hit 800,000 in 2024
MISC’s net profit slips to RM339mil in 3Q
New contracts to drive Dayang’s profit

Others Also Read