Strong demand recovery expected for glove players

Kenanga Research said there has been an uptick in orders over the past two quarters.

PETALING JAYA: Kenanga Research has kept its “overweight” call on the glove sector, perhaps in contrast to a number of other research houses, saying that its optimism is backed up by a number of factors.

Among these, the research house said there are indications pointing towards a strong demand recovery moving into the second half of 2024 and into next year, underpinned by inventory rebuilding from distributors and faster-than-expected industry consolidation.