CGS-CIMB Equities Research is staying Overweight on glove makers as their order book visibility remains strong until 1HCY21F.
KUALA LUMPUR: CGS-CIMB Equities Research is staying Overweight on glove makers as their order book visibility remains strong until 1HCY21F and average selling prices (ASPs) have continued to increase in the near term.
“We understand that most of the glove makers are still increasing their ASPs on a monthly basis due to favourable demand-supply dynamics. Therefore, we believe the increased demand and ASP hikes should lead to sequentially stronger results for all the glove makers, ” it said on Wednesday.
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