Will healthcare-related manufacturers sustain growth in a post-pandemic world?
Analysts bullish as they think demand for personal protective equipment is likely to remain robust
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Singapore
PROMISING news of potential vaccines have sent shares of healthcare-related manufacturers falling from their all-time highs. But analysts The Business Times spoke to said that these stocks aren't quite out of steam yet as demand for personal protective equipment (PPEs) such as gloves is likely to remain robust even in a post-pandemic world.
The trio of Singapore-listed glove names - Top Glove, Riverstone Holdings and UG Healthcare - had wiped out gains from recent weeks following vaccine news. On Friday, Top Glove fell 2.8 per cent to S$2.82, Riverstone Holdings slipped 1.9 per cent to S$3.65. UG Healthcare bucked the trend gaining 4.4 per cent to S$2.35.
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