$Top Glove (BVA.SG)$ CIMB Securities Research reiterated its...

CIMB Securities Research reiterated its positive outlook on the glove sector, despite its view that the measures announced in Budget 2025 are unfavourable for the industry.

Pending further clarification on these budget measures and company responses, the research house is keeping its earnings forecasts unchanged.

Its stock picks in the sector are Hartalega Holdings Bhd, with a target price (TP) of RM3.12 per share, and Top Glove Corp Bhd, with a TP of RM1.25 per share.