UOB Kay Hian is reiterating its “overweight” stance on the glove sector as the demand for the personal protective gear remains high.

“Industry outlook has improved further, with higher Average Selling Price (ASP) revisions and spot sales mix,” explains analyst Philip Wong in a July 27 note. Already, the Big 3, Malaysia-based Top Glove, Kossan and Hartalega have revised their ASP guidance upwards for the months of August and September.

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