JAKARTA: The government intends to conduct further research to determine whether it is appropriate to build a chattra at the top of Borobudur Temple in Magelang, Central Java, following recent opposition from archaeologists who doubt that the original temple had the umbrella-like...
KUALA LUMPUR: Rubber glove stocks emerged as both top gainers and among the most active on Bursa Malaysia in early Tuesday trade after the US announced it would raise tariffs on Chinese gloves.
“This will benefit most Malaysian players, albeit biased towards Hartalega and Kossan. We maintain our earnings forecasts in FY24f-27f for Hartalega and Kossan as we conservatively believe that the higher-than-expected demand/ASP in 4QCY24f-1QCY25f could be partially offset by recent and potential forex volatility,” it said.
The research house upgraded the sector’s rating to “overweight” from “neutral” and maintained a “buy” rating on Hartalega and Kossan with unchanged target prices of RM3.62 and RM3.00 respectively.
Glove Glovemaker Tariff China Hartalega Top Glove Kossan USTR
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