While most analysts tracking the glove sector remain bullish, there is some caution that certain stocks may have already been overbought at this stage.
PETALING JAYA: Glove stocks have generally enjoyed a good run in the past couple of months and analysts are now divided on whether there is still room for upside on stock prices at this stage.
Notably, the current outbreak of the Covid-19 pandemic has in the past few months created a spike in the demand for personal protective equipment (PPE), of which gloves are a part of. This, in turn, has been causing investors to chase glove stocks, pushing prices higher.
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