Rakuten Trade’s head of equity sales Vincent Lau says there are trading opportunities for investors. “Valuations of glove stocks have come down reasonable levels. So when prices drop to a certain level, you see investors bargain hunting again, ” he tells StarBizWeek.
SHARES of glove makers, which were the hottest stocks at the height of the Covid-19 pandemic, have been heading south - sending valuations to “reasonable” levels.
As Covid-19 vaccination progresses in many parts of the world and investors shift to recovery plays in anticipation of things normalising, glove stocks continue to see price volatility.
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