The initiation coverage report on Top Glove Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd at target prices of RM3.50, RM8.50 and RM3.80, respectively, was a contrast view as compared to local research houses who remain positive on the sector’s outlook.
PETALING JAYA: JP Morgan is likely the first research house to issue “underweight” calls on three local glove players who have experienced a run up in share prices since May this year.
The initiation coverage report on Top Glove Corp Bhd
, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd at target prices of RM3.50, RM8.50 and RM3.80, respectively, was a contrast view as compared to local research houses who remain positive on the sector’s outlook.
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