Market News

    Cautious outlook for rubber glove sector

    The outlook for the rubber glove industry continues to be cautious, although analysts across the board agree that it has now bottomed out as most industry players persisted to sustain the bounceback by recording profitability in their latest quarterly results. With global macro factors such as US tariffs and the business policies of Chinese manufacturers who are constantly on the lookout for new markets posing as potential banana skins, local glove companies have been keeping on their toes to ensure they remain in the black.

    Source : Thestar.com.my