Maybe at the moment, it may look far-fetched.
OSK expects Adventa to announce its second quarter 2010 results today, which they figure may come in below their expectations.
OSK cited higher latex price, smaller new orders and the weakening of the USD against MYR during the quarter for their stance..
'Going forward, we believe 3QFY10 would be a better quarter for Adventa as the latex price increase is easing and the USD-MYR rate has stabilised, and it experienced a slight increase in production capacity from its new nitrile glove lines,' OSK added.
Seriously, is OSK talking through its hat.?
With this type of projection for Adventa's price, I fear OSK may just eat crow!
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