Maybank IB downgrades glove sector to ‘tactical positive’ amid persistent challenges

Maybank Investment Bank Bhd News

Maybank IB downgrades glove sector to ‘tactical positive’ amid persistent challenges
Gloves Sector
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KUALA LUMPUR, July 30 — Maybank Investment Bank Bhd (Maybank IB) has downgraded its call on the gloves sector to a ‘tactical positive’ from a ‘positive’ call as it...

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In a note today, the investment bank said it is more cautious about the sector after meeting two of China’s major glovemakers last week. Following a visit to Intco Medical Technology and Bluesail Group’s glove manufacturing factories in Shandong, China, Maybank IB said it was impressed by the glovemakers’ modernised factories, from production lines to packaging and warehousing.

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Gloves Sector

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