Wednesday, January 06, 2010


CIMB Research said the rubber glove sector had a spectacular year in 2009, raising the question of further upside from here on.

"We believe that prospects remain favourable and demand growth is sustainable. This underpins our decision to retain our Overweight stance on the sector.

"Factors that could extend the re-rating include the continuing uptick in demand from the healthcare industry, ongoing capacity expansion and above-market earnings growth driven by major capacity expansion by many of the glove companies. Adventa and Supermax remain our top picks," it said.









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