Kenanga ups rubber glove to 'overweight'

Publish date: Mon, 06 May 2013, 01:04 PM
Kenanga Research upgraded Malaysia's rubber glove sector to
'overweight' from 'neutral' rating, citing resilient demand for rubber gloves and a possible surge in bird flu incidents among reasons.

"If the H7N9 bird flu virus cases deteriorate, there would be a high likelihood of a pent-up demand for rubber gloves," the research house said in a research note on Monday.

New cases of the H7N9 bird flu virus traced in China could further underpin the importance of hygiene and thus potentially increase the demand for examination rubber gloves, Kenanga added.

It said its top pick in the sector was Kossan Rubber Industries Bhd, citing undemanding valuation compared with its larger peers such as Top Glove Corp Bhd and Hartalega Holdings Bhd.

Shares of Kossan rose 0.77 per cent to RM3.92, while Top Glove climbed 0.49 per cent to RM6.20 and Hartalega remained unchanged at RM5.29.-- Reuters
Discussions
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d4rthv2d3r

Why supermax goes down?

2013-05-06 13:30

alexisvics

Dear friend, didnt u read about d bos of this company openly support PR and campaingn for them to fight BN. So, do u think this company is worth buying?

2013-05-06 13:37

kcchongnz

Of course this company is worth buying because the boss is incorruptible and possesses high integrity (hence will not squander away the coffer of the company unlike some politicians. Enhance shareholder value trying to earn as much profit for the shareholders, dare to talk about the truth, one is one and two is two (and hence will not be dictated by nonsense people); does not have to depend on political master for works and contracts (hence will always survive and strive whoever is ruling the country); and no need to depend on the crumbs from the ruling party and hence subject to their tyranny; his business spread all over the world, no need to give anybody 30% or 50% of his hard work to anybody, nor have to bribe anybody to get contracts. He is honest and doesn't have to be a hypocrite. He gives equal employment to everyone who is capable, no discrimination whatsoever. He is a very good example for the citizens of this country.

2013-05-06 13:58

d4rthv2d3r

kcchongnz I agree with you

2013-05-06 14:00

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