Glove makers starting to bounce back

Phillip Capital Research expects sales volumes to pick up sequentially on re-stocking activity after two years of inventory adjustments.

PETALING JAYA: A more balanced demand-supply market for the glove sector is likely to see an improvement in profitability of glove manufacturers.

Phillip Capital Research, which has initiated coverage on the glove sector with an “overweight” rating, expects sales volumes to pick up sequentially on re-stocking activity after two years of inventory adjustments.