Despite the glove sector’s explosive earnings amounting to multiple years consolidated in the past year alone, the share price has been falling. Interestingly, valuation contraction has been happening in spite of earnings expansion, with many analysts downgrading the target price irrespective of the results reported.
APART from badminton, I believe diving is the most exciting Olympic sporting event for most Malaysians. Probably, this has to do with the fact that Malaysian athletes have traditionally done very well in both events, with the best result being a silver medal back in Rio Olympics 2016.
Naturally, our people are hopeful that either one of the events would eventually deliver the elusive gold medal for our nation.
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