gloves

Aspen announces sale of industrial land and factory for $61 million  - THE EDGE SINGAPORE

Property

Aspen announces sale of industrial land and factory for $61 million

Aspen Group Holdings, a Malaysian based developer is divesting glove making infrastructure

Company in the news

Aspen (Group) receives adjudication notice from Tialoc to claim RM84.4 million

Led president and group CEO Murly Manokharan, Aspen tried to expand from property into glove-making as well

SGX Research Series: 10 in 10

Riding on robust demand for gloves

Top Glove has a world market share of 26%
Aspen to build glove making plant with bigger capacity of 1.5 billion instead of 1.1 billion units - THE EDGE SINGAPORE

Company in the news

Aspen to build glove making plant with bigger capacity of 1.5 billion instead of 1.1 billion units

The revision comes after the company had further talks with potential buyers, and will make further updates once definitive sales

Results

Top Glove records best performance in 29-year history, declares final dividend of 8.5 sens

A final dividend of 8.5 sens per share has been recommended, bringing the total dividend payout for FY2020 to 11.8 sens per share.

Broker's Calls

UG Healthcare is the 'it' stock to watch, says CGS-CIMB

The best is yet to come for UG Healthcare, says CGS-CIMB Securities who is maintaining its “buy” call on the counter.

Broker's Calls

Riverstone raises interim dividend to 4 sens after 119.3% surge in 1H2020 earnings

Looking ahead, DBS Research Group analyst Lee Keng Ling expects earnings for 2H2020 to be “even stronger”, as the company benefits fully from the higher ASPs and margins.

Commodities

Rubber could bounce from the glove boom

"During the gold rush, it is a good time to be in the pick and shovel business." — Mark Twain
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