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AmBank 'overweight' on Malaysia's glove makers

It expects sales volume and average selling price to 'grow exponentially' in H2

Published Tue, Jul 7, 2020 · 09:50 PM

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.

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