March 17, 2011

TOPGLOV - Malaysia glovemakers upgraded at OSK

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

Malaysia’s glove-making industry was upgraded to “overweight” from “neutral” at OSK Research Sdn Bhd, which said that the worst is over for these companies given that latex prices have started falling.

Rubber price may continue to drop, helping earnings by cutting raw material costs OSK analyst Jason Yap said in a report today.

His top picks for the sector were Top Glove Corp, Supermax Corp and Kossan Rubber Industries Bhd. -- Bloomberg

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