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PETALING JAYA: Over the past 10 days, rubber glove stocks have surged by 5%-13% to their 52-week high, as investors bought in anticipation of a surge in demand for rubber gloves.
Maybank KE Research has downgraded the rubber glove sector to Neutral from Overweight, saying price-earnings ratio of glove stocks have been r-rated significantly from 8-16 times to 11-19 times and as such valuations are fairly reflective of fundamentals.
PETALING JAYA: The Malaysian rubber glove industry is expected to be a key potential beneficiary of the US-China trade war, said CGS-CIMB.
PETALING JAYA: Malaysia's rubber glove industry expects to generate revenue of RM18.8 billion this year, up from RM16.2 billion in 2017, due to robust global demand, says the Malaysian Rubber Glove Manufacturers Association (Margma).
KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (Margma) wants Bank Negara to allow rubber glove exporters to convert only 50% of their foreign currency proceeds into ringgit instead of the 75% requirement announced last Friday.
PETALING JAYA: Rubber glove stocks riding high on the prospects of sustainable growth in demand, posted the best gains on Bursa Malaysia yesterday. Supermax Corp Bhd tops the gainers list to close 65 sen higher at RM5.35.
PUBLIC listed rubber glove companies are reporting better quarterly results in the second half-year than in the first half, thanks to the rising #8220;seasonal#8221; demand for rubber gloves from major Western countries.