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....