Share valuations of the four biggest medical glove makers in Malaysia - in the world, in fact - have soared to historic highs, but not because of the MERS outbreak.
The median forward 12-month price-to-earnings ratio of Top Glove, Supermax, Kossan Rubber Industries and Hartalega has risen to 18, the highest ever, according to Thomson Reuters data.
The figures also show their combined revenue is expected to grow 20 percent in 2015, the most in five years.
The chief driver of sales is the ringgit's slump to nine-year lows against the dollar, making exports more competitive.
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The median forward 12-month price-to-earnings ratio of Top Glove, Supermax, Kossan Rubber Industries and Hartalega has risen to 18, the highest ever, according to Thomson Reuters data.
The figures also show their combined revenue is expected to grow 20 percent in 2015, the most in five years.
The chief driver of sales is the ringgit's slump to nine-year lows against the dollar, making exports more competitive.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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