GMG

GMG: TOCOM rubber futures rose 2.1% on Monday, likely to increase further from fund flows and short covering. Longer term demand to be driven by consumers from China and India and rising crude-oil prices. GMG’s profitability is largely dependent on rubber prices, and has recently acquired a 55% stake in a Thai rubber producer in a JV with GP Sentosa. GMG’s current P/E is approx 32x.