The RISE & FALL Of The Malaysia Rubber Glove Maker Stocks
STRONGER RINGGIT + COSTLIER LATEX HIT GLOVE MAKERSMalaysia's largest publicly traded glove makers had their noses bloodied, losing collectively more than RM1.8 billion in market value this month alone on concerns of a stronger ringgit and costlier latex.
The RM1.8 billion loss reflects an almost 18 per cent drop in the collective month to date market capitalisation of glove makers like Top Glove Corp Bhd (7113), Hartalega Holdings Bhd, Supermax Bhd, Kossan Rubber Industries Bhd and Adventa Bhd. A stronger ringgit makes rubber gloves, mostly sold in US dollar, more expensive while costlier latex would further crimp profit margins.
Read more: Stronger ringgit, costlier latex hit glove makers http://www.btimes.com.my/articles/bearglv/Article/#ixzz17EIBW8nX
The RM1.8 billion loss reflects an almost 18 per cent drop in the collective month to date market capitalisation of glove makers like Top Glove Corp Bhd (7113), Hartalega Holdings Bhd, Supermax Bhd, Kossan Rubber Industries Bhd and Adventa Bhd. A stronger ringgit makes rubber gloves, mostly sold in US dollar, more expensive while costlier latex would further crimp profit margins.
Read more: Stronger ringgit, costlier latex hit glove makers http://www.btimes.com.my/articles/bearglv/Article/#ixzz17EIBW8nX
MALAYSIA GLOVE MAKERS DAILY CHART ANALYSIS
No comments:
Post a Comment