PETALING JAYA: The average selling prices (ASP) of rubber gloves are still on the upward trend and glove companies’ profits will be strong in the year ahead, said TA Research.
This trend of rising ASPs could continue to persist until May 2021, it said, reiterating its “overweight” rating on rubber glove makers.
“The daily Covid-19 case count continue to climb and the upcoming flu season in the US (December-February) is expected to support ASP and demand, ” TA Research said in a report.
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