UG Healthcare says Omicron still in its early days, company to monitor situation

GLOVEMAKERS are now back in the spotlight, thanks to the Omicron coronavirus variant, which has sparked hopes of renewed demand and stronger average selling prices (ASPs) for gloves.

Lee Jun Yih, executive director of UG Healthcare, is not prepared to speculate about the impact the new variant will have on the company’s business though, saying that it is “still early days”.

In a recent interview with The Business Times, he said UG Healthcare is still monitoring the situation, and is unable to say for sure what the impact of the Omicron variant will be on demand, ASPs and profits.