0546 GMT [Dow Jones] Supermax Corp. (7106.KU) down 1.6% midday at MYR2.54 in moderate volume; dealer says stock of latex glove maker falling due to generally weak market sentiment, but may rise in medium term to MYR2.63 (30-day moving average) after Chief Executive Stanley Thai tells Dow Jones that full-year earnings will surpass its MYR72 million target as demand for medical gloves continues to outstrip supply with spread of swine flu. "We are very confident that we would be able to achieve (a result that) far exceeds the original target," Thai says. Dealer says company will be among Malaysian glove makers likely to "benefit significantly" from rush of orders for medical gloves; "glove manufacturers already have difficulty keeping up with the demand," dealer says. For half year ended June 30, Supermax posts net profit of MYR45.5 million, almost equivalent to 2008's full year earnings of MYR47 million.
Dow Jones Newswires
September 25, 2009 01:46 ET (05:46 GMT)
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