Blog: Glove - 1QCY24 Report Card: Weak Earnings Undertone

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1 comment(s). Last comment by Albukhary 2024-06-11 12:47

Albukhary

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Posted by Albukhary > 2024-06-11 12:47 | Report Abuse

Kenanga's Analyst must be a Glove Hater, as its analysis are too bias.

Company like Harta & Kossan has already mentioned in the AGM or Analyst briefing that their plant utilisation has increased to 80%, and even Top Glove also re-commissioning few plants (previously was shut down) as existing plant are insufficient to meet the demand.
Why Kananga still using 45% plant utilization in their research report?

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