Is it market over react on glove industry already?

Recently glove industry stock price has dropped a lot from their historical high and most of them already drop to an very attractive price.

Topglove closed at RM 5.30, which down 28.7% from its historical high RM 7.43
Supermax closed at RM 4.04, which down 38.0% from its historical high RM 6.52
Kossan closed at RM 3.01, which down 28.7% from its historical high RM 4.22
Harta closed at RM 4.35, which down 23.6% from its historical high RM 5.70

Dropping range around 23.6% to 38.0%

Market believe glove industry will underperformed market due to strong ringgit, low demand, overcapacity and high material cost.

Are the market over react already? and is it now a great chance for investor to go accumulate the shares? If so, which one glove stock should we accumulate it?

Undervalue or not have to be determine by their financial statement. Lets check it out~