Latex Overspeculated, says Supermax
from Market Watch Hosted by BFM Media
Group MD and Founder of Supermax Corp Bhd, Dato Seri Stanley Thai is of the view that latex is overspeculated, and talked about latex prices over the last 10 years. As a result of volatility in oil prices, cost of synthetic nitrile materials are rising, even so, manufacturers' margins for synthetic nitrile still pretty good. Margins would be squeezed, especially for nitrile glove producers. He hopes subsidies for natural gas would be reduced slowly (if at all), and across the board, not on selective basis. Supermax plants have a dual system which can use biomass instead. He also talked about what shareholders have to look forward to. Supermax has a 20% profit after tax div policy, and any further upside would be enjoyed by shareholders in the form of special dividends.
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