BFM 89.9
The Business Station
More Headwinds Ahead Still For Glove Sector
8 mins
·
09:15, 6 Jan 2023
·
Recommended
43 mins
Guest: Sophie Chua, Hong Leong Investment Bank
Gloves were the darling sector in 2020, where every company involved in its manufacturing saw its share prices jump by multiple times, no thanks to the pandemic that created a global shortage. Fast forward two years later, the sector is plagued by overcapacity, falling average selling prices with even the larger players in the red. What then does the future hold for the glove sector and is it time for investors to perhaps be taking a more contrarian view on the sector? For insights, we speak to Sophie Chua, Equity Analyst at Hong Leong Investment Bank.
Image credit: Shutterstock.com
Presenter: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
Producer: Sim Wie Boon, Chong Tjen San
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