Maybank Invest Recommended Share Counter
Monday, March 21, 2011
1. Top Glove Corporation Berhad (TOPGLOV)
Since its inception in Malaysia in 1991, it has embarked on an impressive expansion plan to become the world’s largest rubber glove manufacturer.
2. Adventa Berhad (ADVENTA)
ADVENTA is principally involved in the manufacture and distribution of medical products and devices for the healthcare industry.
Since the Japanese earthquake, tsunami and nuclear plant woes, the demand for rubber had fallen. Thus rubber prices had also plunged. This would benefit the rubber glove manufacturers (rather than nitrile glove players like Hartalega). In this sense, these 2 rubber gloves stocks would benefit due to the lower rubber prices. Need for health-care products like gloves had risen since the Japan tsunami of 11 March 2011. Therefore, we strongly advocate some investment interest in this neglected sector for now.
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