Eye-popping rally in Asian glove-maker shares will proceed, says Citi

The Covid-19-led growth in demand for rubber gloves isnࢀ™t exhibiting any signal of abating. (Bernama pic) KUALA LUMPUR: The astonishing rally in Asian glove-maker shares will prolong additional because the coronavirus-led growth in demand reveals no signal of abating, in line with Citigroup Inc. High Glove Corp and Kossan Rubber Industries can every climb by about 75% over the following 12 months because the pandemic drives unprecedented progress in gross sales and income for the sector, analyst Megat Fais wrote in a observe yesterday. Glove makers are among the many prime gainers in a variety of international fairness indexes this…