KUALA LUMPUR, May 10 ― Kenanga Investment Bank Bhd has maintained Supermax Corp Bhd’s financial year 2024 (FY2024F) net profit forecast but cut its FY2025 forecast by 54 per...
A trip through time at Restoran Chen Fatt in Seri Kembangan where the paper-wrapped chicken, ‘mui choy kau yoke’ are as good as ever
In a note, the investment bank said Supermax has bought the remaining 33 per cent equity interest in the loss-making Canadian unit for RM18.9 million cash; it already owned a 67 per cent stake. The research house also expects the group to face a challenging operating environment in subsequent quarters due to massive oversupply.
It noted that rubber glove demand will rise by 30 per cent to 390 billion pieces in 2024 due to 2023’s low base effect and resume its 15 per cent organic growth thereafter.
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