- Shares in Supermax, a Malaysian glove maker, have surged 1,000% since April as the pandemic continues to fuel sales of protective clothing.
- The company's distribution centers sold four months' worth of inventory in under six weeks, and it's building three new factories to satisfy demand.
- Supermax rivals Kossan Rubber and Top Glove have also seen their stock prices rise by more than 180% in less than four months.
- The performance is comparable to electric-car maker Tesla's shares more than tripling over the same period.
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A Malaysian glove maker's stock has soared 1,000% in less than four months as the coronavirus pandemic continues to lift demand for protective gear. The astounding gain was first reported by Bloomberg.
Supermax shares have surged from about 1.5 Malaysian ringgit (35 cents) to 18.5 ringgit ($4.34) since the start of April, boosting the group's market capitalization from below $2.5 billion to north of $25 billion.
See the rest of the story at Business Insider
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