KUALA LUMPUR: OSK Research said on Thursday, March 17 it believes the worst is over for the rubber gloves sector.
It said that one of the sector's two re-rating catalysts, that is latex price, has crashed, although the USD has not significantly changed against the MYR.
'Going forward, we expect latex price to fall further, which we think will support an earnings re-rating for the rubber glove manufacturers.
'We are upgrading the sector to Overweight, with our top picks being Top Glove, Supermax and Kossan,' it said.
It said that one of the sector's two re-rating catalysts, that is latex price, has crashed, although the USD has not significantly changed against the MYR.
'Going forward, we expect latex price to fall further, which we think will support an earnings re-rating for the rubber glove manufacturers.
'We are upgrading the sector to Overweight, with our top picks being Top Glove, Supermax and Kossan,' it said.
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