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have initiated a full shutdown of their manufacturing facilities in Selangor amid the enforcement of the emergency movement control order (EMCO). Analysts believe that while the impact on glove companies’ earnings will be temporary, investors’ sentiment on glove counters could be hit over the short term. Maybank Investment Bank Research (Maybank IB) said the move by the glove players to shut down their facilities was surprising.“We are negatively surprised as gloves, which are personal protective equipment, constitute essential items and glove factories were allowed during the first lockdown last year. “In our view, the temporary shutdown of glove factories will not only affect the companies’ earnings but could also jeopardise their relationships with overseas buyers, especially when the Malaysian glove makers are currently experiencing escalating competition from the China glove makers, ” it said in a report yesterday.

Kuala lumpurMalaysia generalMaybank investment bank researchAminvestment bank researchTop glove corp bhdKossan rubber industries bhdMalaysian rubber glove manufacturers association marmgaTop glove corpKossan rubber industriesInvestment bank researchTop gloveMalaysian rubber glove manufacturers associationகுவாலா லம்பூர்மேபேங்க் முதலீடு வங்கி ஆராய்ச்சிமேல் கையுறை கார்ப் ப்ட்மேல் கையுறை கார்ப்