Many new hands in glove sector

UOB Kay Hian says that based on its channel check, smaller glove producers like Comfort Glove are also due to realise steep revisions to ASPs. UOB Kay Hian remains overweight on the glove sector.

THE glove craze shows no signs of fizzling out. Even as Covid-19 vaccine hopes intensify, it appears that the interest in glove manufacturing has only increased, particularly among Malaysian companies with no prior experience in the business.

In recent weeks, a number of listed companies have announced plans to set up glove manufacturing facilities.