Stocks to watch: Glove makers

Stocks to watch: Glove makers

Written by The Edge Financial Daily
Monday, 10 August 2009 23:20

KUALA LUMPUR: Glove manufacturers are likely to continue to be in focus on Tuesday, Aug 11 as governments, including Malaysia, step up measures to stem the spread of the A H1N1 flu virus, which has seen a marked increase in cases and fatalities.

The smaller capitalised glove manufacturers including ADVENTA BHD [ ADVENTA 2.090 -0.020 (-0.948%)], RUBBEREX CORPORATION (M) BHD [ RUBEREX 1.930 -0.070 (-3.500%) ], SUPERMAX CORPORATION BHD [ SUPERMX 2.980 -0.050 (-1.650%) ], KOSSAN RUBBER INDUSTRIES BHD [ KOSSAN 4.110 -0.040 (-0.964%) ], LATEXX PARTNERS BHD [ LATEXX 2.230 0.060 (2.765%) ] rose in active trade on Aug 10 and could continue to generate trading interest.

Larger capitalized manufacturers like TOP GLOVE CORPORATION BHD [ TOPGLOV 7.300 0.020 (0.275%) ] and Hartalega Bhd would also see trading interest.

However, after the hefty price gains in recent weeks, investors should also expect intermittent profit taking.