MyEG Services Bhd said it has partnered with Chinese state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd to offer an international digital identity credential service on the Zetrix blockchain.
KUALA LUMPUR (Sept 6): Kenanga Research has upgraded the glove sector to "neutral" (from "underweight") and raised its calls for Hartalega Holdings Bhd, Top Glove Corp Bhd and Kossan Rubber Industries Bhd to "market perform" (from "underperform"), while maintaining "market perform" for Supermax Corp Bhd.
Lim said the business environment is expected to remain challenging and competitive throughout the second half of 2023, but remains optimistic on its long-term prospects as gloves remain an essential item for single usage in the healthcare and food industries.
“As customers’ and manufacturers’ glove inventory is close to depletion, replenishment activity is expected to commence in the second half of calendar year 2023, spurring an uptick in glove demand.
"With this, alongside our T6 turnaround initiatives and measured increases in ASPs, we are hopeful of seeing a steady improvement and better days ahead,” he said.