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Rubber gloves
M&A
Enviro-Hub to invest in Pastel Glove for US$5 mil, to become 25% subsidiary after
The agreement is expected to be completed on or before Jan 31.
January 12, 2021
Broker's Calls
'Strong showing' by rubber glove industry in 4Q2020: CGS-CIMB
CGS-CIMB Research has maintained a “neutral” call on the rubber glove sector, but highlighted “add” calls on Riverstone and UGHC.
January 12, 2021
Company in the news
Aspen receives approval for manufacturing license for production of gloves
Shares in Aspen closed 2 cents lower or 7.3% down at 25.5 cents on Oct 28.
October 29, 2020
Company in the news
Aspen Group to diversify business to include manufacturing and distribution of rubber gloves
Aspen Group, the Malaysian property developer, says it intends to include the manufacturing and distributing of rubber gloves under its scope of core business on September 2.
September 02, 2020
Results
Top Glove posts 2.9% lower 2Q earnings of $35.3 mil despite strong revenue growth
SINGAPORE (Mar 22): Top Glove has reported RM105.8 million ($35.16 million) in earnings for the 2Q ended Feb, representing a 2.9% y-o-y decline from its 2Q18 earnings of RM109 million due to higher finance costs and taxes, as well as lower associate contr
March 22, 2019
Results
Top Glove posts 31.2% rise in 2Q earnings to $37 mil on higher sales
SINGAPORE (Mar 15): Top Glove, the largest manufacturer of gloves globally, announced full-year earnings ended Jan rose 31.2% to RM109 million ($36.6 million) in 2Q18 from RM83.1 million in 2Q17.
March 15, 2018
Broker's Calls
Long-term outlook positive for Riverstone despite 3Q hiccups
SINGAPORE (Nov 9): Riverstone Holdings on Tuesday announced that its 3Q17 earnings were up 15.1% to RM34.3 million ($11.1 million) from RM29.8 million a year ago on higher revenue.
November 09, 2017