KUALA LUMPUR: Despite overall sector performance falling below market expectations, the Malaysian rubber glove sector could experience a stronger 2020 performance on the back of stronger demand arising from Covid-19 and a weaker ringgit against the US dollar.
Affin Hwang Capital research remains overweight on the sector and increased its earnings forecasts for 2020 by 2% to 3% as it expects stronger earnings growth in the first half of the year due to the Covid-19 outbreak.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
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!