- We believe the rally of Top Glove's share price has overshot underlying fundamentals. We view recent geopolitical developments, including the temporary ceasefire, as transitory – they do not alter the sector’s core issue of structural oversupply.
- - Read this at SGinvestors.io -
We see risk-reward for the sector skewed to the downside.
- Under our anchor sector assumption, which includes stable demand for nitrile gloves, resilient China feedstock supply, and broadly similar cost inflation between Malaysia and China glove manufacturers, the market remains structurally oversupplied, with China manufacturers continuing to act as the price setter.
- - Read this at SGinvestors.io -
- Even in a tightening supply environment, the sector’s upside appears constrained.
Margin expansion likely transient.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Eddy Do RHB Securities Research | https://www.rhbgroup.com/ 2026-04-13
Read also RHB's most recent report:
2026-06-19 Top Glove - The Hard Part Starts Now; Keep SELL.
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
