Brighter Outlook For Glove Sector

August 19, 2021

Maybank IB Research has upgraded its outlook on Malaysias gloves sector to positive. In our view the acute global shortage of gloves is likely to worsen as.

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Global demand is expected to grow at a robust 8-10 pa.

Brighter outlook for glove sector. Customs-cleared exports fetched 202 billion in August down 79 after dropping 114 year-on-year in. The demand outlook remains robust despite the high base effect of the previous year and there is always the potential for spikes due to the MERS and H7N9 outbreaks. Yesterday Adventa Malaysias 5th largest glove manufacturer surprisingly reported 4Q10 net profit of RM118 million up 508 year-on-year.

SINGAPORE The modern plunge in share rates of Malaysian rubber gloves makers is unjustified stated an analyst whos predicting further more upside for the sharesShares of Prime Glove the worlds largest rubber gloves producer have. Tourism goals dashed. Brighter outlook for Glove Sector.

Export target likely to exceed 4 after Q1 bump. According to RHB research the results were above expectations mainly because of of a. According to RHB research the results were above expectations mainly because of of.

Kenanga Research was quick to upgrade the glove makers TP to RM660 two days after a revision to RM6 from RM450. However manufacturers tend to pass on cost savings to their customers and Top Gloves recent results highlight the competitive pricing pressures in the latex segment. Its smaller peers Hartalega Supermax and Kossan have dropped between 18.

Industrial gloves are protective wear that protect the skin. As the top 4 Malaysia gloves producers actively expand its capacity to meet the demand. Rubber gloves outlook remains positive on strong global demand from rising healthcare standard supply curb in China and increased usage of gloves from non-medical sector in developed countries.

Yesterday Adventa Malaysias 5th largest glove manufacturer surprisingly reported 4Q10 net profit of RM118 million up 508 year-on-year. They can be found in the prospectus of Top Glove Corp Bhds pic Hong Kong listing and the draft prospectus of Harps Holdings Bhd which is going for. Our relative preference in the sector is for Hartalega O-PF.

Meanwhile trade would remain strong this year thanks to exports and. SINGAPORE The recent plunge in share prices of Malaysian rubber gloves makers is unjustified said an analyst whos predicting further upside for the stocks. According to RHB research the results were above expectations mainly because of of a.

The industry sector was predicted to grow 95 and the services sector 6. Glove maker Kossan saw its net profit for the fourth financial quarter ended Dec 31 2020 surge 789 year on year to RM5425 million backed by a 126 increase in revenue to RM13 billion. Outlook of glove makers remains bright We gather that order visibility of glove makers is robust up to at least end-1HCY21F a testament to the current strong global glove demand.

KUALA LUMPUR Jan 22 Maybank IB Research has upgraded its outlook on Malaysias gloves sector to positive following expectations of a strong global demand for the product. Yesterday Adventa Malaysias 5th largest glove manufacturer surprisingly reported 4Q10 net profit of RM118 million up 508 year-on-year. The global industrial gloves market was valued at 69 billion in 2019 and is projected to reach 148 billion by 2027 growing at a CAGR of 104 from 2020 to 2027.

Shares of Top Glove the worlds largest rubber gloves producer have fallen 177 this year as of Mondays close. Glove party continues on rosy demand outlook TheEdge Wed Jun 03 2020 0300pm - 1 year ago AS the gloves rally continues to take centre stage on the local bourse many would not want to miss the opportunity to make fast yet high returns. The research arm of MIDF Amanah Investment Bank Bhd MIDF Research.

Last Friday the research house upgraded its TP for Supermax further to RM760 on the back of an upward revision to its FY202021 net profit by. Glove sector Maintain neutral rating. In a Feb 16 note CGS-CIMB Research says Kossan is confident of raising its average selling prices further until at least the third quarter of this year.

The sectors prospects are bright underpinned by the expanding healthcare sector globally both public and private as well as the rising hygiene standards across the industries that drive the demand for gloves over the long termThe Malaysian Rubber Glove Manufacturers Association projects the global glove demand to grow by 8-10 per annum in the. A GOOD insight into the rubber glove sector and its outlook can be gleaned from two reports recently produced on the sector. Industrial Gloves Market Outlook - 2027.

Sustained demand for gloves in the global scene is expected to maintain the positive outlook for the gloves sector in the near term. Brighter outlook for Glove Sector. The outlook for the glove sector remains encouraging as demand for rubber gloves is expected to be sustained this year.

Brighter outlook for Glove Sector.

2020 Perspectives On The Business Impact Of Covid 19 Mckinsey