the richest man in the world was joined by two billionaires of Malaysia, earned on the latex gloves. The latest in the club got Thai Kim SIM, the founder of the company Supermax Corp, according to Bloomberg.
Country in South East Asia is one of the largest producers of latex gloves. It accounts for about 65 percent of the world’s supply. Increasing the production of means of individual protection in Malaysia was due to the outbreak of HIV infection in the 1980-ies.
the Current demand for gloves due to the pandemic coronavirus. According to experts, the timing of the end of the epidemic is unknown, so you need to get used to living in a new environment and to use gloves for various purposes.
In this regard, the success of Supermax Corp particularly interesting, said analysts. Unlike other players in the market as Top Glove (the stock has risen by 223 per cent) and Hartalega (113 percent), which are mainly suppliers, the Corporation acts as a major manufacturer. Prices grew the most, nearly five times (394 per cent). Every year, Supermax Corp produces about 24 billion gloves. According to the report by 2019, the management intends to increase annual production to 44 billion gloves by 2024.
Although most analysts recommend buying shares of Supermax Corp, some experts see risks. The income of Malaysian companies that specialize in remedies can decrease if aktiviziruyutsya manufacturers from other countries, such as China.
In may, experts have calculated how much per month will spend Muscovites on personal protective equipment. The cost is about two thousand rubles.