Selling on Kossan Rubber shares overdone

TheStar Thu, Dec 24, 2020 09:40am - 3 years View Original


Average selling price for gloves will continue to rise. (File pic - Kossan products.)

PETALING JAYA: The selling on Kossan Rubber Industries Bhd shares is overdone as the average selling price (ASP) for gloves is still rising, said RHB Research.

The brokerage also pointed out that the uptrend in ASPs for gloves would continue in 2021, given the shortage of nitrile butadiene (NBR) and a glove deficit of 7.4bil pieces.

Due to the unprecedented demand for nitrile gloves, demand for NBR has spiked.

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Comments

lai nyongkheng
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mlysian govt should not interfere with the glove industry as it is the top foreign income for our country as this moment.

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