- The Malaysian glove sector is officially out of the woods with anticipation of sequential earnings growth coming into fruition throughout 2024. We have also observed a feasible trend of improving operating statistics from the past few quarters.
- With this and the US’ precipitous tariff hike on China’s medical-grade gloves beginning 2026, we re-affirm our optimism that potential valuation re-rating may continue to catalyse the sector’s positive share price trajectories.
- - Read this at SGinvestors.io -
A glimpse of 1Q24 results.
- Malaysian glove stocks under our coverage delivered mixed set of results in 1Q24. Kossan's results were within expectations, while Hartalega and Top Glove (SGX:BVA)'s missed our expectations. This was mainly due to delayed cost past through and ASP-cost mismatch in the quarter, as higher input costs are not timely reflected in ASP revisions.
- - Read this at SGinvestors.io -
Operating matrixes turning over a new leaf.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jack Goh UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-06-14
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
