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Another bullish year in the offing

PETALING JAYA: More retail players with established online businesses are expected to increase their visibility into physical stores and incorporate an omnichannel sales approach.

Vaccination demand for gloves to more than offset the decline from testing demand. KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is retaining its overweight stance on glove makers as it sees demand and average selling prices (ASPs) will be driven by testing frequency and vaccine rollout using gloves. In its research note on Tuesday, it said for the remainder of CY21, it expects vaccination demand for gloves to more than offset the decline from testing demand. “Even with global supply expected to rise by 20%, we expect there to be a supply shortage of circa 12.4 billion pieces in ...

. “The upcoming results season is expected to usher in re-rating catalysts in the form of strong quarter on quarter earnings growth or fat dividends for all of these stocks except Sunway, ” UOB added. has been a significant laggard and should appeal to longer-term investors. Meanwhile, in its report to clients yesterday, Hong Leong Investment Bank Research (HLIB Research) said on the whole, the Permai stimulus which was announced on Monday, “seems to be largely targeted at both the rakyat and SMEs that have been hit by the negative ramifications of Covid-19.” “From a market perspec...