Glove makers in for a good run this year

RHB Investment Bank in a recent report said it expects the average selling price uptrend to sustain, due to the glove deficit of 7.4 billion pieces.

GLOVEMAKERS are set to continue recording stronger earnings in 2021, on the back of higher average selling prices, increase in production capacity and better economies of scale.

An analyst with a local bank-backed brokerage said demand for rubber gloves will continue to be strong next year, mainly due to the impact of the Covid-19 pandemic and distribution of the vaccine across the globe.