AmInvest Research retains neutral on glove sector

TheStar Wed, Jan 13, 2021 10:44am - 3 years View Original


AmInvest Research said beyond the pandemic, it anticipates a structural change in the way gloves are used, forming a new normal where glove usage per capita will rise as hygiene measures become stricter.

KUALA LUMPUR: AmInvestment Research is maintaining its Neutral view on the glove sector as valuations for Top Glove, Kossan and Hartalega under its coverage are already fully reflected in the companies’ earnings outlook.

In its research note issued on Wednesday, it reckoned the average selling prices (ASP) will begin to ease after 1H2021 following the strong increase over the past nine months, and are already priced in.

“Moreover, we are cutting our target price-to-earnings ratio (PER) by 10% across the board to take into account the risk of a down cycle in the sector as a result of successful rollouts of Covid-19 vaccines.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

KOSSAN 1.880
SUPERMX 0.825
TOPGLOV 1.000

Comments

Gu Ming Hing
1 Like · Reply
A piece of shit report! even one who expect glove ASP to normalise eventually also would not forecast topglove only earn 2.9bil in 2021. that is 1 quarter earnings not one year! this analyst must be drunk
Report
3 years · translate ·

Login to comment.