Phillip Capital Research said local glovemakers saw some cost relief as raw material and natural gas prices have eased and are showing signs of stabilising.
PETALING JAYA: Phillip Capital Research has turned neutral on the glove sector, as persistent pricing pressure, particularly from Chinese players aggressively expanding into non-United States markets.
It downgraded its call on the sector to “neutral” from “overweight” as it foresees the volatile demand outlook continues to cloud near-term recovery prospects through 2026.
