A worker inspects gloves at a Top Glove factory in Shah Alam, Malaysia. (Reuters File Photo)
KUALA LUMPUR: The manic ride in GameStop Corp sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers — one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and already boasted more than 9,400 members as of Saturday afternoon. Its moderators have defined it as the “Malaysian version” of the WallStreetBets forum on Reddit, with a focus on stocks listed on Bursa Malaysia.
The discussions so far have centred on glove makers and calls to rally against institutional investors who have kept valuations of the sector low.
Shares of Top Glove Corp jumped as much as 15% on…
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