KUALA LUMPUR, (Oct 19): RHB Investment Bank Bhd said there is a very low risk of the government imposing a windfall tax on the rubber glove sector. In a note today, RHB said up to mid-October, there have been no consultations between the authorities and industry representatives to discuss the imple...

KUALA LUMPUR (Oct 17): Malaysia has inspected and will continue to monitor rubber manufacturing companies after the country's rubber glove production came under US scrutiny for alleged forced labour practices, the Ministry of Human Resources (MOHR) said today. In a statement, the ministry said it h...

KUALA LUMPUR (Oct 18): Top Glove Corp Bhd said it has resolved issues highlighted by the US Department of Labour (DOL) in a report that listed rubber gloves among products manufactured through child or forced labour. In a statement, the world’s biggest glovemaker reiterated steps it had taken to im...

Malaysian glove makers are threatening to supplant the once-mighty gaming companies in the nation’s benchmark equity index, thanks to the spectacular rally in their shares. Supermax Corp. and Kossan Rubber Industries may join bigger rivals Top Glove Corp. and Hartalega Holdings Bhd. in the 30-stoc...

KUALA LUMPUR (Oct 15): While Top Glove Corp Bhd has yet to resolve its labour issue with the US Customs and Border Protection (CBP), the US Department of Labour (DOL) has now put Malaysian-made rubber gloves on the list of products that use child or forced labour. This raises the question as to whe...

KUALA LUMPUR (Oct 15): Rubber glove counters suffered from selling pressure as at mid-morning following news that the US Department of Labour had added Malaysian rubber gloves to its latest list of goods produced with forced labour. At 11.05am, rubber glove giant Top Glove led the fall in the 30 FB...

KUALA LUMPUR (Oct 15): The demand for rubber glove stocks has not faltered, judging by the narrowing gap between Malayan Banking Bhd's (Maybank) market capitalisation (cap) and Top Glove Corp Bhd’s. Based on Top Glove's record high closing share price of RM9.48 on Wednesday, the world's largest rub...

HONG KONG (Oct 14): CGS-CIMB Research is neutral on Top Glove Corp Bhd's Hong Kong listing plan. According to the research house’s analyst Walter Aw in a note, assuming that Top Glove is aiming to raise up to US$1 billion-US$2 billion (RM4.1 billion-RM8.2 billion) from a primary Hong Kong listing, ...

The pandemic has resulted in higher usage of rubber gloves, which in turn translated into higher profits for rubber glove manufacturers during the quarter. Top Glove Corp Bhd led the pack with a record profit of RM1.3 billion for its fourth quarter ended Aug 31, 2020 (4QFY2020), almost 18 times the ...

KUALA LUMPUR (Oct 14): Top Glove Corp Bhd, which is evaluating its plan for a dual primary listing on the Hong Kong Stock Exchange (HKEx), is said to be considering raising more than US$1 billion from the listing exercise. Hong Kong will be the third stock exchange that the world's largest rubber g...