Top Glove to benefit from potential demand recovery

UOBKH Research said it has recalibrated its valuation multiples upwards.

PETALING JAYA: Top Glove Corp Bhd is poised to benefit from the potential demand recovery from distributors’ accelerating restocking cycle, regional producers’ average selling price (ASP) upcycle and the potential deterioration of the US-China trade tensions, says UOB Kay Hian (UOBKH) Research.

The research house said in a report that there are visible signs of demand recovery, after three years of industry consolidation.