KUALA LUMPUR (Jan 29): Based on corporate announcements and news flow today, stocks that may be in focus next Tuesday (Feb 2) include: Supermax Corp Bhd, Top Glove Corp Bhd, Mestron Holdings Bhd, Iris Corp Bhd, Homeritz Corp Bhd, Uchi Technologies Bhd, KTG Bhd and Jerasia Capital Bhd.
Supermax Corp Bhd reported a new record net profit of RM1.06 billion for the second quarter ended Dec 31, 2020, up 34% from RM789.52 million in the preceding quarter.
Quarterly revenue surged to RM2 billion from RM1.35 billion in the first quarter. This implies a net profit of nearly 50%.
The anticipated big leap in earnings was mainly fuelled by higher average selling prices (ASPs), as demand for gloves continued to soar worldwide against the backdrop of the Covid-19 pandemic.