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Kenanga paints a gloomy picture for the glove industry; don't follow their recommendation, by the time they give a buy call, the price would have been up by 30%!
Supermax is the only Malaysian glove company that has a factory in the US. In the event of the US levying a tariff on the Malaysian gloves, Supermax will be the star of the local glove industry. You will never know; if they can raise the tariff for the China gloves, they can do the same to Malaysia in the future.
With 2.7 billion shares, Supermax has a cash reserve of close to RM2 billion; while top glove, with 8+ billion shares, has only a few hundred million cash reserve. Over longer term, all counters will reflect their intrinsic values
Don't bother too much about the lower current price of Supermax; the glove tide is coming in, all boats will float! Top glove moves higher because KWAP is buying and people are following, not necessarily it's a better stock.
