Will Malaysia's rubber gloves sector remain robust?

AmResearch remains Overweight on the Malaysia rubber glove makers and it has a Buy call on Top Glove, Hartalega and Kossan Rubber.

PETALING JAYA: The rubber gloves sector has been benefitting from the weaker ringgit since sales are mainly denominated in US dollars, but this may change following the ringgit’s recovery against the greenback.

The ringgit rose yesterday to a three-month high after the revised Budget 2016 spurred investors with measures to boost the local economy amid falling commodities and external headwinds.