Shares & Derivatives
3 Reasons To Fall In (G)love With This Stock
By The Smart Investor  •  September 30, 2020
On 23 September, the Singapore Government’s Multi-Ministry Task Force indicated that we might soon be entering Phase 3 of the reopening of the economy. As we leave old habits behind and enter a “new normal”, new investing opportunities also emerge. Industries that are essential in keeping economies running have thrived, rewarding shareholders in those companies handsomely. Top Glove Corporation Berhad (SGX: BVA), or Top Glove, the world’s largest maker of rubber gloves, is one such beneficiary. Based in Malaysia, the company has 46 factories and distributes to 195 countries through its six global distribution hubs. In 2020, the company has already seen its share price balloon from S$0.52 in January this year to S$2.84 by September, for a return of 457%. But the Malaysia-based manufacturer’s growth may just be getting started. Here are three reasons why Top Glove could go on to shatter new highs and further endear itself to investors....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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