Rubber products sector (gloves)
Maintain overweight: Despite rubber products being one of the best performing sectors in Malaysia for 2018, share prices have corrected -11.5% since the start of the year and underperforming the FBM KLCI’s return of +0.2%, due to renewed concerns over a potential supply overcapacity and a recent strengthening of the ringgit.
Mr Veerasith says Sri Trang has experience with falling rubber prices. Somchai Poomlard. Sri Trang Agro-Industry, the world's largest natural rubber firm, plans to drastically boost production of medical gloves to capitalise on falling rubber prices.
TOKYO (Reuters) - Asian shares barely budged on Tuesday with investors looking to a new round of Sino-U.S. trade talks as the world’s two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings.
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check.
SYDNEY (Reuters) - Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies.