Friday, September 30, 2011

OSK Research sees upside for Supermax, Top Glove

KUALA LUMPUR: OSK Research said with the expected fall in natural rubber latex price, it sees Top Glove and Supermax as the main beneficiaries.

It said on Friday, Sept 30 that it also sees Supermax as a cheaper exposure than Top Glove since they share the closest product mix and Top Glove’s share price is 3.0 times more expensive than Supermax.

“Going forward, Supermax expects to increase its higher end glove production which includes dental and surgical gloves. Maintain Buy,” it said.

It has a fair value of RM5.50 for Supermax which closed at RM2.50.

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