Rubber glove makers' returns up 28.7% in 2020 YTD

UG Healthcare leads the pack with a total return of 57.1%.

The three listed rubber glove makers have posted an average total return of 28.7% in 2020, according to an SGX report. This brings its one-year and three-year total returns to 10.1% and 48.8%, respectively.

As global demand rose due to the COVID-19 outbreak, these three plays were able to reverse their negative returns recorded in 2019 at -20.1%. UG Healthcare leads the pack with a total return of 57.1% in 2020 YTD, which used to post the lowest return in the previous year at -28.1%. Its average daily turnover came at $1.88m

This is followed by Top Glove Corporation with an 18.6% return, compared to its -14.3% return in 2019. Lastly, Riverstone Holdings recorded a 10.3% total return in 2020 YTD, after seeing a -17% return last year.

The three firms post an average market cap of over $5b.