The share price of Supermax Corporation Berhad (“Supermax) had positive momentum throughout yesterday, rising to its 3-month high of RM2.45 (+5.6%). According to TheStar article (12 Nov), Supermax’s higher share price came on the back of positive sentiment arising from the weak ringgit and strong Malaysian exports data.

Supermax, which is the smallest of the “Big Four” glove makers in terms of capitalization, finally joined its peers, whose stock prices have gained by as much as 10% since Monday.

Currently, Supermax exports to over 146 countries worldwide in the regions of America, Europe, Middle East, Asia and the South Pacific. The latex glove conglomerate whose its two new plants were delayed in its capacity expansion previously are now believed to be on track for next year. It plans to increase its total glove’s production capacity by 40% to 24.96 bil. pieces per annum (The Star).