Overseas Funds Are Loving Malaysia Glove Stocks Again After Selloff
- Top Glove, Supermax top net buy list of foreigners: CGS CIMB
- Glove stocks still have significant value, Kenanga says
Employees check latex gloves in the watertight test room at a Top Glove factory in Malaysia.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.
Top Glove Corp. and Supermax Corp. are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research. Global funds bought a net 189.9 million ringgit of Press Metal Aluminium Holdings Bhd., the brokerage said in a report.