The average selling prices (ASP) for gloves are likely to tilt lower as the urgency for gloves subsiding, despite the anticipation of higher prices than pre-pandemic level, according to MIDF Research. Pix by Bloomberg
KUALA LUMPUR: The average selling prices (ASP) for gloves are likely to tilt lower as the urgency for gloves subsiding, despite the anticipation of higher prices than pre-pandemic level, according to MIDF Research.
The firm has downgraded the glove sector to neutral as it lacks near-term catalysts.
Average selling price (ASP) for gloves will likely start trending lower in the second half of calendar year 2021 (2HCY21), according to Public Investment Bank Bhd (PublicInvest).
KUALA LUMPUR: Average selling price (ASP) for gloves will likely start trending lower in the second half of calendar year 2021 (2HCY21), according to Public Investment Bank Bhd (PublicInvest).
The improving Covid-19 situation in the United States and Europe had resulted in a much lesser urgency for distributors to immediately replenish inventories back to its usual level of two to three months, PublicInvest said.