PETALING JAYA: Selling prices and operating profit margins of glove companies will come under pressure due to a short-term oversupply in the industry, said AmInvestment Bank Research.
It said demand for the products, however, will continue to be strong, with sales volume expected to continue to grow 8% to 10% in 2020.
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!