Glove makers to benefit from more US orders

TheStar Wed, Jul 17, 2024 12:00am - 1 year View Original


HLIB Research said the overall operating environment for glove makers is improving.

PETALING JAYA: Glove manufacturers are expected to deliver sequentially stronger earnings in the coming quarters, predominantly underpinned by the commencement of an inventory-replenishment cycle.

Other positive factors include the potential diversion of trade by the United States away from China to Malaysia as a result of US Food and Drugs Administration (FDA) alerts over some medical supplies from China and higher import tariffs on Chinese goods in 2026.

According to Hong Leong Investment Bank (HLIB) Research, the overall operating environment for glove makers is improving.

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