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Strong Ringgit Pressures Malaysia's Glove Producers' Profits

1/24/2026

50 9 Full Breakdown

Summary

Story summary

Profit margins for Malaysia's latex glove producers are squeezed by a strong ringgit, reducing dollar-denominated earnings.
Top Glove, the largest glove maker, posted a 17% rise in sales volume but an 11% drop in selling prices.
Analyst Chun Sung Oong of CIMB Securities warns that US dollar weakness against the ringgit will hurt glove profitability.
The ringgit rose over 10% against the dollar last year, benefiting Malaysia's tech supply chain.

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Story summary

Profit margins for Malaysia's latex glove producers are squeezed by a strong ringgit, reducing dollar-denominated earnings.
Top Glove, the largest glove maker, posted a 17% rise in sales volume but an 11% drop in selling prices.
Analyst Chun Sung Oong of CIMB Securities warns that US dollar weakness against the ringgit will hurt glove profitability.
The ringgit rose over 10% against the dollar last year, benefiting Malaysia's tech supply chain.