Top Glove is the world’s largest glove manufacturer. It is dual listed on SGX and KLSE with presence across the whole world including America, Asia, Europe, etc. It has factories in Malaysia, Thailand and Vietnam. As of the latest quarterly report, Top Glove’s revenue increased by 14.2% to MYR 4.13 billion. Its net profit increased substantially by 96.9% to MYR 577.8 million. Free cash flow came in at a strong level of MYR 1.2 billion. As a result, cash balance of the company almost doubled to MYR 347.8 million. Top Glove has a 5 years average P/B of 4.37 and currently has a P/B of approximately 13.22. It also has a 5 years average P/E of 25.7 and a current P/E ratio of about 91.43. Average dividend yield for the past 5 years was 1.80%, while current dividend yield is roughly 0.62%. Compared to its historical ratios, Top Glove has a rich valuation currently. Even though demand for gloves have increased, there is a limit...