Higher revenue seen for glove makers this year on virus outbreak

Among the glove makers, the research house said Top Glove’s earnings are the most sensitive to a 5% increase in utilisation rate from its larger production capacity, with 63.9 billion pieces per annum.

PETALING JAYA: Glove makers could see higher earnings this year, as demand for gloves ramp up on the back of the coronavirus outbreak in China.

CGS-CIMB in a report yesterday said channel checks with glove makers revealed that there was a ramp-up in demand for gloves, especially from China and its neighbouring countries.