PETALING JAYA: Local glove manufacturers’ operating margins are reverting back to the pre-Covid-19 levels, with their average selling prices (ASPs) trending lower from the US$28-US$30 (RM117-RM126) per-1,000-piece mark, say analysts.
Despite the consensus on glove players’ earnings estimates to remain elevated, RHB Research believes that the market has already priced in the earnings weakness ahead of the consensus.
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