Time to relook gloves?

TheStar Sat, Mar 19, 2022 08:20am - 2 years View Original


GLOVE companies may have seen much of their earnings already bottom out, with reward-to-risk payoffs appearing to be more balanced now.

In upgrading the sector to “market weight”, UOB Kay Hian Research says the sector is expected to bottom over the immediate-term.

“While sentiment could decline in tandem with the sector bottoming out, we think downside risks to earnings have largely been factored in.

“Thus, the reward-to-risk payoff appears balanced at this juncture, prompting us to upgrade the sector,” it tells clients in a report on the sector.

...

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

BKAWAN 19.940
ICONIC 0.100
TOPGLOV 0.800

Comments

Login to comment.