Ban’s lifting unlikely to significantly enhance group’s outlook, says Kenanga Research.
Kenanga Research has maintained its “market perform” call on Supermax Corp Bhd with a target price of 85 sen.
On Wednesday, US customs authorities announced that they are now permitting the entry of disposable gloves produced by Supermax and its subsidiary companies into the country. In a research note today, Kenanga Research has expressed limited optimism about the ban’s removal, believing that this development is unlikely to significantly enhance the group’s outlook given the prevailing sectoral challenges stemming from substantial overcapacity.
Meanwhile RHB Securities has maintained its “neutral” call on Supermax given the lack of short-term demand visibility, on top of challenges to raise prices in the near future.
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