HONG KONG, Feb 10, 2021 - (ACN Newswire) - Intco Medical (300677:CH), a leading Shenzhen listed personal protective equipment (PPE) provider, announced on 24 January a positive profit alert for the 12 months ended December 31, 2020. The company expected profit attributable to shareholders to range from RMB6,800 to RMB7,300 million during the review period, representing a year-on-year increase of 3713.45% to 3993.85%. The sharp jump in earnings was driven by surging global demand for disposable protective gloves amid the COVID-19 pandemic. This backdrop spearheaded significant increase in the prices of the company's disposable protective gloves, thereby boosting both sales revenue and gross profit margin.The company also passed the resolution of H-share listing plan at the extraordinary general meeting of shareholders on January 6. In response to its favorable corporate development, many securities companies released research reports on the company. Among these brokerage commentaries, Guosheng Securities pointed out that the operations and expansion of leading companies in Malaysia were constrained by the COVID-19 pandemic, but the Mainland-based market leaders have managed to becom...