RHB Research maintained its positive stance on the rubber glove sector given the favorable operating environment.
It said on Thursday the factors were the resilient demand for overall rubber gloves, increased awareness of health in developing countries, softening latex and nitrile prices, and the appreciation of the USD versus the ringgit.
“Our Top Pick for the sector is Kossan, given its robust earnings growth over the next two years, backed by its capacity expansion,” said RHB Research.
Source: The Star Online
Published: 02 Mar 2014