$Top Glove (BVA.SG)$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.
Glove makers to pass on rising costs to customers
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Detached House : Well done! Any chance of it moving higher?
bullrider_21 OP Detached House : It looks overbought. May have a pullback before rebounding.
Always Growing : So close to 0.36. Let's see if it will hit the previous ATH...
bullrider_21 OP Always Growing : It seems to be making lower highs.