Among glove makers, Riverstone has most attractive margins
Top Glove, despite being world's largest glove manufacturer, had the lowest profit margins and returns within peer group BT analysed
Singapore
THE prospect of relaxed Covid-19 restrictions has driven down the share prices of most glove makers so far this year. Top Glove Corporation, for instance, is down 23.4 per cent and UG Healthcare Corporation has also lost 23.4 per cent of its value.
Riverstone Holdings, however, stands out with a 39.3 per cent gain. Could the market be anticipating this company to win when its peers are losing?
TRENDING NOW
Malaysian king buys stake in Singapore-listed mining firm expanding into rare earths
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Longer wait times expected as S’pore healthcare institutions report system disruptions
