Glove stock investors urged to be vigilant

PETALING JAYA: As weekly Covid-19 infections surpassed 20,000 cases, investors scooped up beaten-down glove stocks, not minding the fact that many of these companies are loss making and are undercut by competitors from China and Thailand.

Shares of the world’s largest glove maker, Top Glove Corp Bhd, chalked up over 18% in gain within just one week.