CIMB Research keeps Malaysia's gloves sector as Overweight

CIMB Research keeps Malaysia's gloves sector as Overweight, underpinned by superior earnings growth to the market. "Prospects remain favourable for glovemakers as demand growth is sustainable," says CIMB. Adds, many rubber glove companies under house coverage are expanding their capacity in big way to meet current shortage supply. Rates all glove stocks under coverage at Outperforms; recommends Adventa (7191.KU), last off 2.3% at MYR3.42, Supermax (7106.KU) +1.3% at MYR6.17, as top sector picks. Says factors that could extend the re-rating include continuing uptick in demand from healthcare industry, ongoing capacity expansion, above-market earnings growth.