$GLOVES - Divergences Between Producers from different countries
I attach herewith a chart comparing the price movements of a number of famous glove producers over the past 1 month;
China glove producers, the likes of INTCO and Blue Sail are up about 5-10% this month.
Producers listed in other Stock Exchanges like $SGX-AP4 and Sri Trang are down around 8-10%.
Our local glove players like $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) $KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) are down 20-35%.
Some major divergences are happening here.