tylee81

Awesome

2020-11-06 18:49

Jokers2020

the big 4 glove co on goodwill donate to gov so no windfall tax...so just push up the price and the gain sap sap donate to gov..win win situation

2020-11-06 20:03

greatest94

Supermax donation rank #2, market cap should also rank #2!

2020-11-06 20:55

newbie8080

the breakdown does not have a proper source?

2020-11-06 22:33

newbie8080

KUALA LUMPUR (Nov 6): Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd have confirmed that they are donating to the Government’s COVID-19 fund set up to battle the pandemic.

When contacted by theedgemarkets.com, Top Glove said it is donating RM185 million to the fund, while Supermax will be chipping in RM75 million.

Meanwhile, Hartalega said in a statement that it will be contributing RM90 million to the fund.

“This is a corporate social responsibility initiative by Hartalega to make a positive difference in the lives of Malaysians and support the nation’s healthcare sector,” it said.

Their total contributions amount to RM350 million.

This follows the tabling of Budget 2021 this afternoon, whereby Finance Minister Tengku Datuk Seri Zafrul Aziz announced that that the three glove makers, in addition to Kossan Rubber Industries Bhd, have committed to donate RM400 million to the COVID-19 fund.

The money will be used to cover part of the cost of vaccines and health equipment expenses, said the Minister.

https://www.theedgemarkets.com/article/top-glove-hartalega-and-supermax-confirm-donations-govts-rm400-mil-covid19-fund

2020-11-06 22:42

mach10

bad news: the glove stocks may fall on the coming monday.the big boys may press down all the glove stocks.

2020-11-07 05:57

BullishAllTheTime

Actually good job for agreeing to donate rather than windfall tax. As tax can be cheated, govt may end up short than the 500 mill. And will also face the industry threatening to expand overseas as there is HUGE DEMAND and with other govt certainly offer a lot of incentives (tax break the likes)....just like our govt giving incentive to pharma to open shop for vaccines production in Malaysia. I say....it is win win situation.

2020-11-07 10:10

gemfinder

Indirectly it is a extra tax. Just to beter name it as 'donation'

2020-11-07 10:48

newbie8080

To be honest, Monday should be positive for glove stocks as most industry experts are looking at least RM2.4 billion for extraordinary profit taxation.

With no windfall taxation lingering, most investors have peace of mind till 2022 and beyond.

https://themalaysianreserve.com/2020/11/04/glove-industry-to-pay-higher-corporate-taxes-says-no-to-windfall-tax/

2020-11-07 18:56

witan

@mach10 u keep posting negative posts in all glove forum for what? Wanna collect cheap is it? No wonder most of your posts get deleted. Talk w some facts okay, dont talk cock only

2020-11-08 21:58