Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,170.77 +0.88 +0.03%
Hang Seng 27,288.09 -65.84 -0.24%
Dow Jones 25,585.69 +95.19 +0.37%
Shanghai Composite 2,892.38 +39.38 +1.38%
Valuations Of World’s Top Medical Glove Makers Surge

The four biggest medical glove makers in Malaysia, and also in the world have soared to historic highs.

Top Glove, Supermax, Kossan Rubber Industries, and Hartalega’s median forward 12 month price earnings ratio has risen to 18, highest ever seen according to Thomson Reuters’ data. Combined revenue of these players is also expected to grow 20 percent in 2015, the most in five years.

The main driver of sales is the ringgit’s slump to nine-year lows against the dollar, making exports more competitive. Analysts favor Top Glove as their top pick among the lot.

Significance: Top Glove presents the most value as it is expected for oil prices to gradually rise in coming months putting upward pressure on nitrile as well, which will disadvantage Hartalega and Kossan.

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.