Kossan up lioa... but i sold too early..aiyooo
TWO Malaysian rubber glove makers Wednesday saw significant increases to their share prices.
Kossan Rubber Industries Bhd advanced 3.4 per cent to RM4.94, on course for the highest level since Sep 3, 2007.
The stock was upgraded to “buy” from “hold” at AmResearch Sdn Bhd to reflect improving earnings this year and strong demand growth.
Meanwhile, Supermax Corp climbed 0.9 per cent to RM3.23, set for a record.
OSK Research Sdn Bhd said third-quarter earnings likely exceeded the research house’s estimates on rising demand and an increase in selling prices.
Earnings are due Oct. 15, it said in a report today. - Bloomberg
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