Higher prices in second half to buoy glove manufacturers

PETALING JAYA: A pick-up in average selling prices (ASP) and sustained restocking activities in the second half of the year (2H24) should help local glove makers have a profitable year.

RHB Research stated its channel checks reveal ASPs and exports by local glove makers rose in the second quarter (2Q24) as production run rates increased in the period on improving demand, all of which indicates the companies are likely to deliver a stronger set of 2Q24 results.