Good demand: Latex gloves on hand-shaped molds move along an automated system on the production line at a Top Glove factory in Setia Alam. Analysts expect demand for rubber gloves to expand by 8-10 backed by the increase in healthcare expenditure particularly in Asian countries. – Bloomberg
THE rubber glove sector should continue on its smooth-sailing path driven by robust earnings outlook, given that capacity in the sector is still below market demand.
Also, the sector will continue benefiting from a strengthening US dollar as sales are denominated in the currency while only half of its production costs are US dollar denominated.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
