Much verbal sparring over glove makers

The debate wasn’t just about the value of the major glove manufacturer’s (Top Glove) stocks. The crux of the debate, in fact, was about the quality of research reports on the company and whether it is compromised by the interest of investment banks issuing structured warrants that are based on the stock.

IN a space of just 15 days Macquarie Research, a well-respected research outfit, has done something quite unexpected. It drastically changed its outlook on Top Glove Corporation Bhd, sparking a huge debate.

The debate wasn’t just about the value of the major glove manufacturer’s stocks. The crux of the debate, in fact, was about the quality of research reports on the company and whether it is compromised by the interest of investment banks issuing structured warrants that are based on the stock.