KUALA LUMPUR: Affin Research has maintained its Overweight on the gloves sector, naming Kossan as its top pick based on its diversified earnings base and attractive valuations at 11.5 times CY15E EPS.
In a note on Thursday, the research house said it believes that glove demand is inelastic, being deemed a staple product within the healthcare industry it provides the most basic protection against any viral outbreak or diseases.
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