KUALA LUMPUR: There could be a further narrrowing of losses for Mah Sing Group Bhd
's manufacturing division as the average selling price (ASP) of gloves trends higher while raw material prices decline.
In a results review, RHB Research said the ASP of gloves has improved to US$20-21 per 1,000 pieces.
At the same time, raw material prices have eased to about US$860 a tonne while gas prices have been revised lower by about 25% from June.
"Assuming sales volume continues to grow, we expect the gloves manufacturing segment to reach its breakeven level sooner," said the research firm.
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