In a flash note, UOB Kay Hian said there may be increased trading sentiment on the Malaysian glove sector on the news, as demand for medical products may surge if mpox escalates into a worrying outbreak.
Glove stock valuations are now at “relatively attractive levels” and still have “palatable upside, solely on fundamentals”, without taking mpox into account, UOB Kay Hian said while maintaining its 'tactically overweight' sector rating.
The house has ‘buy’ calls on Top Glove, Hartalega Holdings Bhd (KL:HARTA) and Kossan Rubber Industries Bhd (KL:KOSSAN