CGS-CIMB Research retains overweight on glove sector


CGS-CIMB Research said apart from Top Glove and Supermax, it also has Add calls on Hartalega and Kossan Rubber Industries.

KUALA LUMPUR: CGS-CIMB Equities Research maintains its Overweight view on the Malaysian glove sector with Top Glove and Supermax as its top picks.

“In our view, glove stocks remain attractive investments as key beneficiaries of strong global glove demand due to Covid-19; we expect record-breaking profits in the next two to three quarters, ” it said on Monday.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Dutch Lady cautiously optimistic outlook
Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil
Deloitte: Malaysia tops southeast Asia's equity market performance in 2024
Binastra gets RM256mil data centre job
Last-minute selling drags FBM KLCI down
SMG sees 9% jump in 3Q revenue
Trump’s economic policies can add RM19.7bil to Malaysia's GDP- Juwai IQI
Sony is in talks to buy media powerhouse behind 'Elden Ring', sources say
Singapore shares hit 17-year high on market revival efforts
Boost launches BoostMyMoney with UOBAM Malaysia

Others Also Read