Rubber glove sector could see record profit

At the close yesterday, shares of some of the largest glove companies like Kossan Rubber Industries, Top Glove Corp Bhd and Hartalege Holdings Bhd all finished higher, extending their gains from previous weeks.

PETALING JAYA: Although the rubber glove sector has continued to outperform the market, it is not time to sell as a record profit year could be in the offing.

Affin Hwang Capital said this in a report issued to clients yesterday, noting that stock performance-wise, the sector has risen by 32% over the past two weeks and outperformed the benchmark FBM KLCI by 32.5 points.