Malaysia's Rubber Product Sector Earnings Recovery Should Stay on Track -- Market Talk

Dow Jones04-30

0139 GMT - The earnings recovery in Malaysia's rubber products sector should stay on track, as demand and supply dynamics are showing signs of improvement, RHB IB analyst Oong Chun Sung and team say in a note. This is because order volumes for April and May have increased notably, they say. The lower gas tariffs and the stabilization of gloves' average selling prices could boost glove manufacturers' profitability this year, they say. Analysts expect a significant rebound in demand by 2H, which could pave the way for glove makers to restart capacity expansion in 2025 and 2026. RHB maintains an overweight rating on Malaysian rubber products sector and pegs Riverstone, Hartalega and Kossan Rubber Industries as its top sector picks. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

April 29, 2024 21:39 ET (01:39 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2431802108?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-30 09:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2431802108","market":"other","top_or_hot":-1,"title":"Malaysia's Rubber Product Sector Earnings Recovery Should Stay on Track -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0139 GMT - The earnings recovery in Malaysia's rubber products sector should stay on track, as demand and supply dynamics are showing signs of improvement, RHB IB analyst Oong Chun Sung and team say in a note. This is because order volumes for April and May have increased notably, they say. The lower gas tariffs and the stabilization of gloves' average selling prices could boost glove manufacturers' profitability this year, they say. Analysts expect a significant rebound in demand by 2H, which could pave the way for glove makers to restart capacity expansion in 2025 and 2026. RHB maintains an overweight rating on Malaysian rubber products sector and pegs Riverstone, Hartalega and Kossan Rubber Industries as its top sector picks. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2024 21:39 ET (01:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysia's Rubber Product Sector Earnings Recovery Should Stay on Track -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysia's Rubber Product Sector Earnings Recovery Should Stay on Track -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 09:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0139 GMT - The earnings recovery in Malaysia's rubber products sector should stay on track, as demand and supply dynamics are showing signs of improvement, RHB IB analyst Oong Chun Sung and team say ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_TF","symbol_name":"天然橡胶","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431802108","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431802108","pubTimestamp":1714441140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0139 GMT - The earnings recovery in Malaysia's rubber products sector should stay on track, as demand and supply dynamics are showing signs of improvement, RHB IB analyst Oong Chun Sung and team say in a note. This is because order volumes for April and May have increased notably, they say. The lower gas tariffs and the stabilization of gloves' average selling prices could boost glove manufacturers' profitability this year, they say. Analysts expect a significant rebound in demand by 2H, which could pave the way for glove makers to restart capacity expansion in 2025 and 2026. RHB maintains an overweight rating on Malaysian rubber products sector and pegs Riverstone, Hartalega and Kossan Rubber Industries as its top sector picks. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AP4.SI":"立合斯顿"},"translate_title":"马来西亚橡胶产品行业盈利复苏应保持正轨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TFmain":1,"AP4.SI":0.9},"content_text":"0139 GMT - The earnings recovery in Malaysia's rubber products sector should stay on track, as demand and supply dynamics are showing signs of improvement, RHB IB analyst Oong Chun Sung and team say in a note. This is because order volumes for April and May have increased notably, they say. The lower gas tariffs and the stabilization of gloves' average selling prices could boost glove manufacturers' profitability this year, they say. Analysts expect a significant rebound in demand by 2H, which could pave the way for glove makers to restart capacity expansion in 2025 and 2026. RHB maintains an overweight rating on Malaysian rubber products sector and pegs Riverstone, Hartalega and Kossan Rubber Industries as its top sector picks. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2024 21:39 ET (01:39 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431802108"}