Improving sales volume poised to lift the glove sector

Maybank IB Research said glove makers are turning more positive on their 2024 outlook.

PETALING JAYA: Maybank Investment Bank (Maybank IB) Research has tactically upgraded the much-maligned glove sector to a “positive” call, citing improving sales volume of the industry and stabilising prices of raw materials as primary factors.

On the other hand, it maintains the cautious acknowledgement that medium-term movement of average selling prices will continue to be determined by the movement of raw material prices and pricing strategies of Chinese glove makers.