Time to pick up shares of rubber glove makers

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 recent sell-off on rubber gloves makers is an opportunity for investors to pick up battered down stocks such as Top Glove Corp Bhd at lower price points, according to AllianceDBS Research.

This is because the firm sees recent issues such as higher foreign worker levy and the cut in natural rubber exports by key producing countries as having “minimal” financial impact on the glovemakers.