Companies involved in glove manufacturing have become extremely popular amid the COVID-19 pandemic.
The
market capitalisation of one of the glove manufacturers says it all.
Top Glove Corporation Bhd (SGX: BVA), the world’s largest glove manufacturer, became one of Singapore’s top 10 companies by market cap, as of the end of July 2020.
It even overtook
blue-chips such as
Thai Beverage Public Company Limited (SGX: Y92),
CapitaLand Limited (SGX: C31) and
Singapore Technologies Engineering Ltd (SGX: S63).
Apart from Top Glove, there are two other glove manufacturers listed in Singapore.
They are
Riverstone Holdings Limited (SGX: AP4) and
UG Healthcare Corporation Ltd (SGX: 41A).
The Singapore-listed glove manufacturers have seen dazzling returns year-to-date, despite their share price plunge on 12 August reportedly due to Russia rolling out a COVID-19 vaccine.
Company |
Stock Price |
Market Capitalisation |
Year-to-Date Stock Price Increase |
Top Glove |
S$8.37 |
S$22.7 billion |
444% |
Riverstone Holdings |
S$4.30 |
S$3.2 billion |
355% |
...