Malaysia Gloves Maker - UOB Kay Hian 2024-05-15: Plot Twist From Escalating US-China Trade Tension

Malaysia Gloves Maker - Plot Twist From Escalating US-China Trade Tension

Published:
Top Glove (SGX:BVA) | SGinvestors.ioTop Glove (SGX:BVA)
  • While the sector’s recovery plot continues to thicken beyond post-pandemic eclipsing earnings and demand moderation, we anticipate domestic glovemakers to progressively reclaim market share from China, sustaining concrete ASP trajectories and future margin upticks.
  • Maintain OVERWEIGHT.
  • US increasing tariff on China medical-grade gloves in 2026 amid escalating trade tension.

    Structural change likely altering nitrile gloves’ demand landscapes.

    This is a partial preview of the article. The complete article, including further analyst commentary on the outlook, valuation, dividend forecast, stock rating, target price, and more, is available on SGinvestors.io. Read the complete article on SGinvestors.io.





    Jack Goh UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-05-15



    More views on outlook of manufacturing / technology sector:
    Analyst Reports on Singapore Manufacturing & Technology Sector

    Read also UOB's most recent report:
    2026-07-02 Malaysia Glovemakers - Backloaded Pessimism.

    Previous report by UOB:
    2026-06-19 Top Glove 3QFY26 - Windfall Quarter; Gradual Normalisation Ahead.

    Price targets by 2 other brokers at Top Glove Target Prices.

    Listing of research reports at Top Glove Analyst Reports.

    Relevant links:
    Top Glove Share Price History,
    Top Glove Announcements,
    Top Glove Dividend Payout Dates & Corporate Actions,
    Top Glove News






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