News and Events
2021/35 “Malaysia’s Rubber Glove Industry – The Good, the Bad and the Ugly” by Francis E. Hutchinson and Pritish Bhattachary
Malaysia’s rubber glove industry is riding a huge surge in demand arising from COVID-19, spawning a crop of new producers and minting new billionaires in the process.
The Way Forward For Malaysia As Global Rubber Glove Innovation Centre
MALAYSIA is currently a major producer of rubber gloves for the world, addressing 65% of global supply needs in 195 countries. This industry has been a significant contributor to the Malaysia’s GDP with export revenue projected to hit RM60 billion for 2021.
Glove Bear JP Morgan Turns Bullish On Malaysian Rubber Gloves Sector
KUALA LUMPUR (Dec 28): JP Morgan Asia Pacific Equity Research, which earlier in April 2023 had said that the path to profitability of Malaysia’s glove sector still lacked visibility, has turned bullish on the sector by going selectively (and non-consensus) with “overweight” ratings on Hartalega Holdings Bhd and Kossan Rubber Industries Bhd while retaining its “underweight” rating on Top Glove Corp Bhd.
Glove Stocks Projected To See Meaningful Recovery Only Towards End-2024
BATTERED by falling demand, oversupply and stiff competition from China and Thailand, the local glove industry is slowly recovering, but a more substantial improvement can only be expected in the second half of 2024 at the soonest, according to analysts.
Worst Is Over For Malaysian Rubber Glove Sector, Says Phillip Capital
KUALA LUMPUR (April 2): Phillip Capital has initiated coverage on the Malaysian rubber glove sector with an “overweight” rating and said the supply-demand dynamics for the glove market are expected to further recover in 2024.
Glove Sector’s Recovery Path Remains Bumpy, Says Kenanga Research
KUALA LUMPUR (March 7): Kenanga Research has maintained its “underweight” rating on the glove sector and said players either were in the red or reported tepid profits in the fourth quarter of calendar year 2023 (4QCY2023), with only one beating house expectation.
Contact us for more information. We are here to assist.