Over the recent quarter, the rubber glove industry has weathered the worst, given the sharp deterioration in operational earnings per glove.
PETALING JAYA: The rubber products sector faces renewed concerns over potential supply overcapacity, recent strengthening of the ringgit and a potential downside risk from China’s environmental policy.
Manufacturers have been given a longer grace period to convert coal-based burners to the more environmentally friendly gas-based burners. However, Affin Hwang Capital believes that the China government is still keen on improving the country’s air quality, and opines that the conversion will resume.
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