Shares & Derivatives
Glove Manufacturing Stocks in Singapore: What’s Next for Them? (Top Glove, Riverstone, and UG Healthcare)
By Seedly  •  August 13, 2020
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%
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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