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Tuesday, 22 February 2011
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Margins of rubber glove firms pinched
High latex cost and weak US dollar have started to hurt the profit margins of rubber glove companies such as Supermax Corp Bhd and Latexx Partners Bhd, based on their recent quarterly results. Most analysts, however, are still positive on Hartalega Holdings Bhd, which makes more synthetic rubber gloves than the natural rubber variant. A sectoral analyst said she continues to have a "buy" call
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