PETALING JAYA: While demand for gloves will likely remain stable post-Covid-19, the average selling prices (ASPs) of the product are expected to ease in the second half of 2021, according to AmInvestment Research.
The brokerage said it expects the ASPs to decline by then, as there will no longer be a rush for gloves as compared to what happened at the beginning of the pandemic.
“Nonetheless, we expect ASPs will stabilise at a higher level than the pre-pandemic level due to the broader usage of gloves. Moreover, capacity expansion from glove companies will be able to cope with the future demand, ” AmInvestment Research wrote in its report.
Source: The Star Online
https://www.thestar.com.my/business/business-news/2021/01/14/stable-glove-demand-seen-post-pandemic
