WHO is wary of the monkeypox outbreak, and Malaysian glove stocks are booming
As the World Health Organization listed the monkeypox outbreak as a public health emergency of international concern, Malaysian Glove stock prices continued to rise sharply today.
Among them, top gloves $TOPGLOV (7113.BMS)$ The price rose sharply. At one point, it soared 8.4% to RM1.03. The trading volume directly exceeded 100 million, ranking first among the most popular stocks in the market.
Also, He Tejia $HARTA (5168.BMS)$ and high-yield manufacturing industry $KOSSAN (7153.BMS)$ It was also high, rising 6.3% and 7% respectively at one point.
Among them, top gloves $TOPGLOV (7113.BMS)$ The price rose sharply. At one point, it soared 8.4% to RM1.03. The trading volume directly exceeded 100 million, ranking first among the most popular stocks in the market.
Also, He Tejia $HARTA (5168.BMS)$ and high-yield manufacturing industry $KOSSAN (7153.BMS)$ It was also high, rising 6.3% and 7% respectively at one point.
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👇🏻 Interpolate the stock price trends of the above 3 glove companies 👇🏻
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Dahua Jixian Research pointed out in the report that as soon as the WHO news came out, trading sentiment in the Malaysian glove industry increased because if monkeypox escalates into a worrying outbreak, demand for medical products may surge.
Furthermore, analysts also believe that the current valuation of glove stocks is at a relatively attractive level. Even without considering monkeypox, from a fundamental point of view alone, the industry still has considerable room for growth.
As a result, analysts maintained a “strategic gain” rating for the glove sector, and at the same time gave a “buy” rating to the top gloves, Hetejia, and high-yield footwear industries.
The World Health Organization first listed monkeypox as a public health emergency of international concern on July 23, 2022, and withdrawn it on May 11, 2023, until August 14 this year when it was announced that it was included again.
Furthermore, analysts also believe that the current valuation of glove stocks is at a relatively attractive level. Even without considering monkeypox, from a fundamental point of view alone, the industry still has considerable room for growth.
As a result, analysts maintained a “strategic gain” rating for the glove sector, and at the same time gave a “buy” rating to the top gloves, Hetejia, and high-yield footwear industries.
The World Health Organization first listed monkeypox as a public health emergency of international concern on July 23, 2022, and withdrawn it on May 11, 2023, until August 14 this year when it was announced that it was included again.
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[Compiled by Reporter] Yang Huiping
[Read full text]Click to read the full story
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Source: Nanyang Siang Pao
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