KUALA LUMPUR: CGS-CIMB Research has reiterated its “add” call on Supermax Corp Bhd, as the company expects global glove demand to stay robust for at least the next 12 months while average selling prices (ASPs) remain on a positive uptrend.
The glove maker is receiving more large volume orders, especially from government agencies, as well as higher demand from non-medical markets, such as the food and beverage and airline, in tandem with higher healthcare awareness from Covid-19, the research house said in a note yesterday.