Rubber Glove Sector Update : Still Cautious On Near-Term Outlook - 21/10/2010

♦ Share prices reacted strongly to possible revision in selling prices.
The share prices for glove manufacturers were generally up 0.4-10.1%, as
compared to -0.1% for the FMB KLCI and FBM100 respectively (see Table
2). We believe the strong share price performances were largely due the
news that the Malaysian Rubber Glove Manufacturers’ Association
(“Margma”) had urged its members to raise glove prices to pass on the
higher raw material costs and continued weakening of the US$ against RM.

Rubber Glove Sector Update : Still Cautious On Near-Term Outlook - 21/10/2010