October 11, 2010

TOPGLOV - Malaysia rubber glove sector upgraded

Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Research House: MAYBANK



The Malaysian rubber glove industry was upgraded to "neutral" from "underweight" at Maybank Investment Bank Bhd following recent share price falls.

Kossan Rubber Industries Bhd was upgraded to "buy" from "hold" with an unchanged fair value of RM3.60, according to a report by Maybank analyst Lee Yen Ling today.

Top Glove Corp's fair value was cut to RM4.90 from RM5.40, with a "sell" call, Lee said. -- Bloomberg


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