Glove manufacturers, medical suppliers surf new Covid-19 wave

SHARES of Singapore’s listed glove manufacturers and other medical equipment suppliers are up as much as 20 per cent year to date on the back of a Covid-19 wave, although analysts said the price spike is unlikely to be sustained in the longer term.

Among the most traded healthcare-related stocks on the Singapore Exchange (SGX) are Malaysia-based glove manufacturers Top Glove Corporation and Riverstone Holdings as well as personal protective equipment supplier and distributor Medtecs International Holdings .

The trio have risen sharply in the past week. From Dec 13 to 19, Top Glove is up 21.7 per cent and Riverstone has climbed 18.7 per cent. Medtecs has jumped by 48.1 per cent.