Elastic gloves producer Riverstone Holdings Limited (SGX: AP4) has been an extraordinary entertainer in Singapore's securities exchange since its posting on 20 November 2006.
From that point to now, shares of the organization have moved by 475% in cost alone, whipping the 0.7% return of the Straits Times Index (SGX: ^STI) over the same period.
Given Riverstone's execution hitherto, the ins and outs of the elastic gloves industry might hold any importance with financial specialists. Here are some imperative things I found in the wake of investing some energy burrowing for data.
An introduction on gloves
An elastic glove is a straightforward item. It's utilized principally to keep a client's hand from having direct contact with whatever the client is taking a shot at. Generally, gloves were produced using regular latex yet client request has impelled developments bringing about the making of new sorts of gloves, for example, nitrile and vinyl gloves.
The gloves delivered are sold predominantly to the medicinal services, nourishment, and semi-conductor commercial ventures. South East Asia delivers most of the hand gloves utilized as a part of the world, with Malaysia, Indonesia, and Thailand representing the main part of the creation.
As specified, Riverstone Holdings is a part of the glove producing industry. A portion of the other fundamental players are recorded in Malaysia and they incorporate Top Glove Corporation Bhd (KLSE: 7113.KL), Kossan Rubber Industries Berhad (KLSE: 7153.KL), Hartalega Holdings Berhad (KLSE: 5168.KL), and Supermax Corporation Bhd (KLSE: 7106.KL).
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