“In the short run, investors will need to be pay attention to the impact of the closures of factories and potential fines or penalties for living conditions of their workers on the company’s earnings,” said Chua Zhu Lian, investment director at Fortress Capital Asset Management Sdn. in Kuala Lumpur. “Overall, Top Glove should continue benefiting from the higher average selling prices,” he said, adding new entrants into the business will eventually increase supply of gloves.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *