Recently, there was a rally of rubber glove stock in Bursa Malaysia. Rubber glove stock such as TopGlov, Supermx, Kossan, their share price has rally more than 50%.
I believe the rally will continue for Rubber Glove stock counter due to the following
a) increase awareness of personal health for emerging market like China, India and South East Asia
b) FIFA world cup at South Africa
c) USA healthcare revamp
I prefer IRCB as their share price is still relatively cheap (24March2010-closing price is RM1.17) compare to like TopGlove (RM13.30), KOSSAN (RM7.68) etc.
I believe the share price has potential to reach RM2.00.
Another potential and relatively cheap rubber glove stock is Ruberex (24Mar2010-closing price is RM1.37).
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