UG Healthcare Corporation Limited (“UG Healthcare”) together with its subsidiaries is a disposable gloves manufacturer with its own established global downstream distribution that markets and sells disposable glove products under its proprietary “Unigloves” brand. Since the start of the year, the group’s share price has risen at a tear, increasing over 1,700% in value. In this article, we will take a closer look at the business, management and financial aspects of the group, to assess whether it is worth an investment. Background of the group Established in 1989 and listed on the Singapore Stock Exchange (SGX) in 2014, UG Healthcare is a disposable-glove manufacturer with two factories in Seremban, Malaysia. The factories are located in Senawang Industrial Estate. Its current annual production capacity is 2.9 billion gloves. The group also distributes ancillary products including surgical, vinyl and cleanroom gloves, face masks and other medical disposables. UG Healthcare makes and distributes gloves under its proprietary...