Glove stocks at pre-pandemic levels

Speaking with StarBiz, Rakuten Trade head of equity sales Vincent Lau said rubber glove manufacturers have reported significant drop in profits for their latest financial quarter, adding that some even reported losses. This has resulted in glove stocks losing sentiment among investors.

PETALING JAYA: The Covid-19 pandemic created an explosion of earnings and in the share prices of Malaysian rubber glove stocks but those stocks have cratered as counters drop to pre-pandemic levels.

Speaking with StarBiz, Rakuten Trade head of equity sales Vincent Lau said rubber glove manufacturers have reported significant drop in profits for their latest financial quarter, adding that some even reported losses.