Re: Rubber Products (Gloves, Condoms etc)
Posted: Wed Dec 16, 2020 4:09 pm
CGS-CIMB Research maintains overweight on gloves
[quote]
Glove stocks should record stronger earnings in quarters ahead, driven by:
i) higher average selling prices (ASPs)
ii) rise in production capacity and
iii) better economies of scale
Glovemakers continue to highlight that their capacity is fully taken up until at least 1QCY22.
We expect that in the next two to three years, global glove supply will grow 15%-25% annually on the back of higher usage and increased healthcare awareness globally.
Glovemakers expect ASPs to continue rising on a monthly basis up to at least end-1QCY21.
Ability to pass on rising raw material prices (nitrile butadiene: +40% year-to-date, latex: +28% year-to-date)
[quote]
Source: The Star
https://www.thestar.com.my/business/bus ... -on-gloves
[quote]
Glove stocks should record stronger earnings in quarters ahead, driven by:
i) higher average selling prices (ASPs)
ii) rise in production capacity and
iii) better economies of scale
Glovemakers continue to highlight that their capacity is fully taken up until at least 1QCY22.
We expect that in the next two to three years, global glove supply will grow 15%-25% annually on the back of higher usage and increased healthcare awareness globally.
Glovemakers expect ASPs to continue rising on a monthly basis up to at least end-1QCY21.
Ability to pass on rising raw material prices (nitrile butadiene: +40% year-to-date, latex: +28% year-to-date)
[quote]
Source: The Star
https://www.thestar.com.my/business/bus ... -on-gloves