CGS-CIMB Research maintains overweight on gloves

KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Overweight stance on glovemakers, with Hartalega and Top Glove as its top picks as it expects global demand to remain robust.

In its research note on Wednesday, it said the Covid-19 pandemic will continue to drive strong global demand while glovemakers’ total capacity has been fully sold up to at least 1QCY22.