PETALING JAYA: The outlook for glovemakers remains dim as challenges since the beginning of the year including supply-demand pressures, lower average selling prices (ASPs) and the threat of US tariffs, continue to weigh on their operations and earnings.
Hong Leong Investment Bank (HLIB) Research has reiterated a “neutral” call on the glovemakers, with Kossan Rubber Industries Bhd
being the only stock with a “buy” call and an unchanged target price (TP) of RM2.30.
