Glove makers starting to bounce back

TheStar Wed, Apr 03, 2024 12:00am - 2 weeks View Original


Phillip Capital Research expects sales volumes to pick up sequentially on re-stocking activity after two years of inventory adjustments.

PETALING JAYA: A more balanced demand-supply market for the glove sector is likely to see an improvement in profitability of glove manufacturers.

Phillip Capital Research, which has initiated coverage on the glove sector with an “overweight” rating, expects sales volumes to pick up sequentially on re-stocking activity after two years of inventory adjustments.

Average selling prices (ASPs) have also stabilised and are likely to trend higher on a more balanced market, the research house added.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

HARTA 2.630
KOSSAN 2.120
TOPGLOV 0.810

Comments

Login to comment.