The US Customs and Border Protection's (CBP) move to ban imports from glove maker Supermax Corp Bhd over alleged forced labour at the company is expected to have a significant impact on its earnings, said analysts on Thursday (Oct 21).
KUALA LUMPUR (Feb 23): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 24) may include: Nestle (M) Bhd, Petronas Chemicals Group Bhd, Perak Transit Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd, Petron Malaysia Refining & Marketing Bhd, ATA IMS Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Manulife Holdings Bhd, Frontken Corp Bhd, Samchem Holdings Bhd, Berjaya Sports Toto Bhd, Supermax Corp Bhd, Genting Malaysia Bhd and AT Systematization Bhd.
Nestle (M) Bhd s (Nestle Malaysia) net profit for the fourth quarter ended Dec 31, 2020 ticked up 0.5% to RM132.47 million from RM131.82 million a year earlier. The group said its revenue registered a 3.1% increase to RM1.37 billion from RM1.33 billion a year ago, underpinned by sales in Out-of-Home channels as restrictions eased in the second half of the year under the Recovery Movement Control Order. Earnings per share increased marginally to 56.5 sen from 56.21 sen prev
KUALA LUMPUR (Feb 23): Rubber glove manufacturer Supermax Corp Bhd founder Datuk Seri Stanley Thai Kim Sim and his wife Datin Seri Cheryl Tan Bee Geok has acquired a 3,438-square-foot luxury condominium in Sunny Isles Beach within the US state of Florida,
The Real Deal reported, citing property records.
The Real Deal reported on Feb 16, 2021 that Thai and Tan acquired the condominium known as unit 4800 at the Residences by Armani/Casa, a 56-storey, 308-unit tower at 18975 Collins Avenue. It was reported that the project, which was completed in late 2019, is a joint venture between Related Group and Dezer Development.
The report did not specify how much money Thai and Tan paid for the condominium.
KUALA LUMPUR (Dec 16): The WhatsApp handshake and thumbs-up emojis, as well as another with two hands placed firmly together, meaning thank you, may have encapsulated Supermax Corp Bhd founder and major shareholder Datuk Seri Stanley Thai Kim Sim’s thoughts about the significance of the company’s inclusion into the 30-stock FBM KLCI for the first time.
Thai, responding to theedgemarkets.com s request for a founder’s quote ahead of Supermax’s first trade as a KLCI constituent next Monday (Dec 21), however, did not appear to be at a loss for words when contacted.
He, nevertheless, declined to elaborate.
The inclusion of Supermax into the KLCI means the company will join rival glove makers Top Glove Corp Bhd and Hartalega Holdings Bhd, both of which were earlier included in the KLCI following the recent share price rise in rubber glove manufacturers.