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KUALA LUMPUR: As multiple headwinds continue to hit the rubber glove sector, a relatively small player in the industry does not seem unduly worried as it continues to record healthy growth levels.
THE selldown on MyEG Services counter is unwarranted as it could see an earnings growth of 20% in FY20 without any contract win, as long as its current concessions are intactTHE selldown on the counter is unwarranted as it could see an earnings growth of 20% in FY20 without any contract win, as long as its current concessions are intact
PETALING JAYA: Rubber gloves stocks fell after taking a cue from Hartalega Holdings Bhd which announced its financial results for its second quarter ended Sept 30, on Tuesday.
KUALA LUMPUR: Top Glove Bhd faces earnings downside risk due to irrational competition in the latex and vinyl segment, says Affin Hwang Capital research.
SHAH ALAM: Top Glove Corp Bhd will allocate about RM600mil as capital expediture (capex) for the financial year ending Aug 31, 2020 (FY20) compared with RM632.17 million capex set for FY19.
KUALA LUMPUR: The US Customs and Border Protection’s (CBP) seizure of disposable rubber gloves produced by a Malaysian manufacturer, WRP Asia Pacific Sdn Bhd (WRP), over forced labour allegations will only have a relatively limited impact on the entire sector.
KUALA LUMPUR: Kenanga research has maintained overweight on the rubber gloves sector with expectations of surging demand from the US due to the trade-war effect.
KUALA LUMPUR: Malaysia’s glove makers are seeing stronger demand for their nitrile medical gloves since July 2019 due to a pick-up in global demand following minimal purchases by glove importers in the first half, Maybank Investment Bank Research says.
KUALA LUMPUR: MIDF Research expects Malaysian’ glove manufactures to benefit from the recent US tariff imposition on China made glove, leading to higher demand of medical gloves.
PETALING JAYA: Glovemaker Hartalega Holdings Bhd is cautiously optimistic about being a beneficiary of the ongoing US-China trade war, even as China glove manufacturers divert from the US market.