Summary
IS the rally in the rubber glove sector over for now?
OF LATE, the market has seen a sharp retracement in the share prices of glove stocks. From Figure 1, it can be seen that glove stocks have retraced 9.4% on average in the past one month although they are still sitting on sizeable gains of 83.35% on average in the last 12 months. The million-dollar question is now whether:See the full content of this document
Extract
Hands Off
(i) the sector is still attractive and should investors fully capitalise on this weakness for the next big up-swing? or
(ii) the rally in glove stocks could be over for now, and should investors shy away from this sector?For the bears ...Local research house AmResearch Sdn Bhd is one of the early bears. The research house reaffirms its `underweight' rating on the sector in a recent rubber gloves sector update. In an earlier April 2010 report entitled `End to glove party as normalisation makes a rub', the research house had already downgraded...See the full content of this document
Sponsored links
