Home Capital Broker's Calls

Rubber products sector supernormal earnings on final legs: RHB

Khairani Afifi Noordin
Khairani Afifi Noordin9/28/2021 3:8 PM GMT+08  • 4 min read
Rubber products sector supernormal earnings on final legs: RHB
The anticipated normalisation of earnings for the rubber products sector has begun, says analyst Sean Chew.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The anticipated normalisation of earnings for the rubber products sector has begun as the supernormal earnings are in their final legs, says RHB Group Research analysts.

In a Sept 28 note, analyst Sean Chew maintains “neutral” on the rubber products sector, with a “neutral” recommendation on six out of the eight regional stocks covered as the expectation of average selling price (ASP) moderation has been largely priced in.

The selling prices of rubber gloves have fallen from the highs, with current ASPs of nitrile and latex gloves ranging between US$40 to US$45 and US$30 to US$35 respectively per 1,000 pieces.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.