KUALA LUMPUR: Earnings for glove companies stay muted, as demand-supply dynamics remain unbalanced.
UOB Kay Hian Research in a report yesterday said small-cap glove producers have already been experiencing operational losses.
“We believe Chinese producers could be close to the same predicament, with them registering earnings before interest, taxes, depreciation and amortisation (ebitda) margins of 3.4% on average in the recent quarter.
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