Rubber glove manufacturers, Top Glove Corp Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd continue to remain OSK Research's top picks, given the stocks resilience despite declining latex prices.
Top Glove and Supermax will be the biggest beneficiaries of lower latex prices while Kossan, which has a balanced product mix of about 60 per cent natural rubber and 40 per cent nitrile glove, was always being liked for being the most resilient stock in the industry.
'We maintain an overweight, with our top picks being Top Glove, Supermax and Kossan, which we expect their share prices to recover, once latex prices begin on a downtrend and the US dollar strengthens against the ringgit,' it said in a research note today. - Bernama
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