Established in 1979 and listed in 1996, Kossan Rubber Industries Berhad manufactures gloves, technical rubber products, and cleanroom products such as personal protective equipment, face masks, and safety shoes. It is primarily a glove player with an annual manufacturing capacity of 29 billion pieces of gloves. The majority of its gloves are exported to the developed markets of the U.S., Eurozone, and Asia Pacific. The Malaysian Rubber Glove Manufacturers Association projects the global glove demand to reach 345 billion pieces in 2020. The market share of Malaysia, Thailand, and China in the glove industry is expected to be 65%, 18%, and 9% respectively. Kossan is one of the ‘big four’ glove players in Malaysia alongside Top Glove, Hartalega, and Supermax which have largely benefited from COVID-19. Since the beginning of 2020, Kossan’s share price skyrocketed threefold from RM4.16 to RM12.08 year-to-date and its earnings multiple stands at 50.5 at the point of writing....