Malaysia’s rubber companies and smallholders have so far enjoyed higher rubber prices driven by strong demand and tight supplies.
KUALA LUMPUR: Malaysia's rubber companies and smallholders have so far enjoyed higher rubber prices driven by strong demand and tight supplies. Market specialists, however, cautioned there were still uncertainties in rubber prices for the rest of the year.
The country’s top four glove companies were among notable losers on Bursa Malaysia yesterday. Pix by Bloomberg
KUALA LUMPUR: The country's top four glove companies were among notable losers on Bursa Malaysia yesterday.
The companies continued to trend downwards since touching their respective peaks in 2020 amid the Covid-19 pandemic.
At 12.04pm, Hartalega Holdings Bhd - which was the first of major rubber glove companies to announce their latest quarterly results this month - was the second top decliner by value, dropping 33 sen or 4.7 per cent to RM6.70 with a total of six million shares traded.
KUALA LUMPUR (Aug 2): Hartalega Holdings Bhd executive chairman Kuan Kam Hon said prospects for the rubber glove manufacturer remain strong in the short term as glove demand is projected to remain high as the Covid-19 pandemic generates demand for gloves, which are seen as a crucial form of personal protective equipment to curb the spread of the pandemic.