Glove sector to see continued challenges ahead

Maybank IB Research said it is more cautious about the sector after meeting two of China’s major glove makers last week.

KUALA LUMPUR: Maybank Investment Bank (Maybank IB) Research has downgraded its call on the gloves sector to a “tactical positive” from a “positive” call as it foresees continued headwinds in the sector.

In a note yesterday, the investment bank said it is more cautious about the sector after meeting two of China’s major glovemakers last week.