the value of the shares of the manufacturers of latex gloves from Malaysia Supermax and Top Glove from the beginning, the background of the pandemic coronavirus has increased to 1000 and 389 percent, respectively. On this indicator they surpassed even the shares of the U.S. automaker Tesla, whose growth over the same period reached 259 percent, according to Bloomberg.
Another Malaysian company Kossan Rubber also produces gloves, rose by 225 percent. Such dynamics has no analogues in the country. Since January, three of the leading producer rose by $ 26 billion.
as a result, the tenth part of all dollars invested in the economy of Malaysia, currently working on the production of gloves. Company will soon fall in key indices, followed by international investors.
Fund Manager Northcape Capital Ltd.Ross Cameron noted that their prospects from the point of view of the market look even more reliable than Tesla as a whole the sector remains undervalued. In his opinion, next year the enterprises of this sector in the aggregate will rise more than twice.
To the same opinion lean funds Northcape and Samsung Asset Management, which increased its investments in manufacturers of latex gloves. The problem is, the newspaper notes, can only be more rapid than expected development of a vaccine against coronavirus.
Malaysia account for about 65 percent of the world’s supply of latex gloves. This situation is associated with an outbreak of HIV infection in the 1980-ies. Recently two owners of manufacturers on the background of impressive growth of its own shares become billionaires. The latter was the founder of Supermax Corp. Thai Kim SIM.
