PublicInvest Research has downgraded the rubber glove sector to “neutral” as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming market, the US and the European Union (EU).
PublicInvest Research downgrades rubber glove sector to ‘neutral’, cuts earnings forecasts by 10%-35% on lower ASP assumptions
2021-06-21T03:22:48-04:00June 21st, 2021|
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