Gloves in numbers

The market capitalisation of Sime Darby Properties Bhd, SP Setia Bhd, Eco World Development Bhd, Mah Sing Group Bhd cumulatively is less than RM11bil. Kossan Rubber Industries Bhd’s market capitalisation is RM18.3bil while heavyweight Top Glove Corp Bhd commands a market capitalisation of RM64bil.

Going by the number of new players jumping into the fray, the glove play is here to stay for another year at least. The latest to join the glove bandwagon are property companies.

Titijaya Land Bhd and Aspen Group Holdings Ltd, two property-based companies are going into the healthcare sector, namely in gloves. Titijaya, in its announcement, stated it is diversifying into medical-related property development apart from going into manufacturing and distribution of medical devices, gloves and personal protection equipment (PPE).