glove industry

Malaysia’s market value has surged 41% since a March low to hit US$379 billion ($524.87 billion) as the coronavirus pandemic supercharged demand for medical gloves and shares of the manufacturers.

In Southeast Asia, makers of rubber gloves are attracting more investor fervour than even the electric cars and flame throwers of Elon Musk.

SINGAPORE (Apr 24): RHB is initiating coverage on UG Healthcare with a “buy” recommendation and a target price of 32 cents, as the research house is positive on the long term global demand growth for gloves, with demand rising at a 5.7% CAGR over the