Gloves Back in Trend? Sentiment or Fundamental Driven?

Local glove stock prices have seen a nice price run-up recently, supported by strong volume as well. For example, Top Glove (TOPGLOV) one of the world's leading glove manufacturers continues to attract investors' attention in Bursa Malaysia this year.

The stock has been traded actively since reporting its latest quarterly result, which is still in the red, as investors seem to believe that the worst might be over and looking ahead for turnaround profitability during the second half of 2023.

To recap, prices of glove stocks plunged from November 2020 high. There are indications that the glove sector has probably reached its lowest point and is now beginning to turn around?"

Now, the question is whether this is sentiment or fundamental driven?

What is the implication of Silicon Valley Bank (SVB) collapse in Malaysia?

Silicon Valley Bank, one of the most prominent financial institutions catering to the technology industry, has been in the news lately for all the wrong reasons. The bank, founded in 1983, has been a pillar of support for tech startups, venture capitalists, and entrepreneurs.

However, recent developments have revealed that the bank is facing significant challenges, including a decline in profits, a rise in loan losses, and regulatory scrutiny. The bank has been struggling to cope with the economic fallout of the COVID-19 pandemic, and its exposure to risky loans has raised concerns about its long-term viability.

In this blog post, we will delve into the factors that led to Silicon Valley Bank's collapse, the impact it will have on the tech industry, and what is the potential impact on Malaysia.

Who is SVB?

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