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    ALEMG   FR0000075343

EUROMEDIS GROUPE

(ALEMG)
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Malaysia rubber glove body pleads for go-ahead to restart factories

07/08/2021 | 04:58am EST
FILE PHOTO: A worker inspects newly-made gloves at Top Glove factory in Shah Alam

KUALA LUMPUR (Reuters) - Malaysian's Rubber Gloves Manufacturers Association (MARGMA), citing supply shortage concerns, on Thursday said it had pleaded with the government to allow the sector to resume operations in Selangor, where a tighter lockdown had been imposed.

President Supramaniam Shanmugam said the association had been "inundated with expression of concerns from global buyers", including queries from embassies, hospitals and healthcare sectors.

Malaysia supplies around 67% of total gloves consumed globally.

Malaysia last week imposed tighter restrictions on movement, businesses and factories in the capital Kuala Lumpur and neighbouring Selangor state until July 16 to combat a spike in new coronavirus infections.

The largest glove makers Top Glove Corp and Hartalega Holdings said they had suspended operations. Top Glove said it was awaiting clarification from authorities.

"Notwithstanding, the huge economic losses to the nation, we nevertheless, have a more important duty and responsibility to ensure no disruption to this very essential medical item," Supramaniam said.

The statement also quoted French medical glove distributor Euromedis SA noting Malaysia's obligations to ensure adequate supply of medical gloves to hospitals.

"This sudden closure is sending a bad signal that Malaysia is not capable to fulfill its global supply as a leading medical glove producer," Chairman Mathieu Roturier was quoted as saying.

(Reporting by Liz Lee; Editing by Martin Petty)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EUROMEDIS GROUPE 0.00% 8.68 Real-time Quote.-36.64%
HARTALEGA HOLDINGS BERHAD -2.61% 5.59 End-of-day quote.-53.95%
TOP GLOVE CORPORATION BHD. -2.40% 2.44 End-of-day quote.-60.13%
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Financials
Sales 2021 143 M 163 M 163 M
Net income 2021 10,2 M 11,5 M 11,5 M
Net cash 2021 20,1 M 22,8 M 22,8 M
P/E ratio 2021 2,55x
Yield 2021 -
Capitalization 25,9 M 29,3 M 29,3 M
EV / Sales 2021 0,04x
EV / Sales 2022 -0,09x
Nbr of Employees 197
Free-Float 32,8%
Chart EUROMEDIS GROUPE
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Euromedis Groupe Technical Analysis Chart | ALEMG | FR0000075343 | MarketScreener
Technical analysis trends EUROMEDIS GROUPE
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 8,68 €
Average target price 19,00 €
Spread / Average Target 119%
EPS Revisions
Managers and Directors
Mathieu Roturier Chairman & Chief Executive Officer
ClÚment Bardon Finance Director & Chief Administrative Officer
Danielle Roturier Director
Jean-Pierre Monin Director
Joseph Asselin Director
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