KUALA LUMPUR, April 8 (Bernama) — The bird flu virus in China will fuel demand for examination gloves, thus benefiting the entire rubber gloves sector, says Affin Investment Bank.
“We believe that orders are on the rise because the global population is increasingly becoming more hygiene conscious,” said the research house in a statement.
It also said the rubber gloves industry was eyeing China and India, where anticipated demand may increase two or three times of the current world demand.
“We are positive of glove manufacturers’ ability in sustaining healthy operating margins,” it added.
Affin Investment favoured Supermax Corp Bhd, with a ‘buy’ call at a target price of RM2.50, due to good earnings visibility.
–BERNAMA
