A more than 100% jump in glovemakers’ shares can run further

As countries ease their lockdowns, glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand.

SINGAPORE: Northcape Capital Ltd., one of the largest shareholders of this year’s top gainers in Asia -- Top Glove Corp. and Hartalega Holdings Bhd., says the two stocks have further room to run.

The pandemic has caused a structural change in demand for gloves, so earnings at some makers will double in each of the next two years and drive their stocks to outperform, according to Ross Cameron, a fund manager at Northcape, which overseas about $7 billion in assets globally.