AmBank 'overweight' on Malaysia's glove makers
It expects sales volume and average selling price to 'grow exponentially' in H2
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AMBANK has maintained its "overweight" call on Malaysia's glove sector and raised its fair value (FV) of Top Glove - the world's largest rubber glove maker.
This comes as it expects the sales volume and average selling price (ASP) of gloves to "grow exponentially" in the second-half year amid the Covid-19 pandemic, wrote AmBank analyst Nafisah Azmi in a sector report on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
