Bursa Malaysia Stock Watch
Rubber glove sector downgraded
kltrader
Publish date: Wed, 15 Sep 2010, 04:25 PM
kltrader
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Malaysia's rubber-glove industry was downgraded to 'underweight' from 'overweight' at Maybank Investment Bank Bhd on concerns over increased competition impacting margins.
Overcapacity may emerge in the nitrile gloves market which could prompt a price war and cause some players to delay expansion plans, Maybank said in a report today.
At midday close, Hartalega Holdings Bhd slid 1.6 per cent to RM4.92, set for its largest decline since September 8.
Kossan Rubber Industries Bhd slid 2.6 per cent to RM3.35.
Supermax Corp lost 1.4 per cent to RM4.72. -- Bloomberg
Overcapacity may emerge in the nitrile gloves market which could prompt a price war and cause some players to delay expansion plans, Maybank said in a report today.
At midday close, Hartalega Holdings Bhd slid 1.6 per cent to RM4.92, set for its largest decline since September 8.
Kossan Rubber Industries Bhd slid 2.6 per cent to RM3.35.
Supermax Corp lost 1.4 per cent to RM4.72. -- Bloomberg
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