CIMB Research retains Add for Top Glove, TP RM10

15 Jan 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Add call for Top Glove Corporation with a higher target price (TP) of RM10 while the last traded price was RM9. It said on Monday the higher TP was based on 22.4 times CY19F price-to-earnings (P/E) versus 19 times previously, a 20% discount to its ...
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Top Glove inks agreement to buy Aspion for RM1.37bil

12 Jan 2018 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd has signed a deal to acquire Aspion Sdn Bhd, one of the largest surgical glove producers globally, for a purchase consideration of RM1.37bil in cash and shares. In a statement on Friday, the glovemaker said it had entered into a share purchase agreement with Adventa ...
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Glove makers among top gainers late Thursday

4 Jan 2018 - The Star Online
KUALA LUMPUR: The bullish sentiment for glove makers saw Top Glove, Hartalega and Kossan emerging among the top gainers in late afternoon trade on Thursday. At 3.37pm, the FBM KLCI was up 6.55 points or 0.37% to 1,799.34. Turnover rose to 3.98 billion shares valued at RM2.21bil. There were 545 gainers, ...
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Top Glove share price continues record run

21 Dec 2017 - The Star Online
PETALING JAYA: Top Glove Bhd’s share price continued to strengthen as most analysts either upgraded or reiterated their buy and outperform calls on the stock following the company’s strong first quarter results. The stock closed up 57 sen to RM8.05 yesterday. Shares in the world’s largest glove manufacturer ...
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Top Glove’s core net profit above forecast, says CIMB Research

20 Dec 2017 - The Star Online
KUALA LUMPUR: Top Glove’s core net profit of RM101mil for the first quarter ended Nov 30, 2017 (1QFY18) was above expectations, at 26% of CIMB Equities Research and consensus’ FY18 estimates. The research house said while revenue rose 19.4% on-year, 1QFY18 core net profit grew 37.7% on-year due to: ...
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Glove sector fully priced in, says AmInvestment

20 Dec 2017 - The Star Online
KUALA LUMPUR: AmInvestment Research said it is Neutral on the glove sector in 2018 given that the the market has fully priced in the sector's strong fundamentals. The research firm said the Malaysian Rubber Glove Manufacturers Association projects global glove demand to grow 8% to 10% p.a. in the coming ...
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Top Glove Q1 earnings surge on record quarterly revenue

19 Dec 2017 - The Star Online
KUALA LUMPUR: Top Glove Corporation Bhd posted a strong set of earnings in the first quarter ended Nov 30, 2017 (1QFY18), underpinned by a record revenue, riding on the strong nitrile glove sales. The world's largest glove maker announced on Tuesday its earnings rose 43.8% to RM105.44mil from RM73.31mil ...
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Top Glove wants to buy Aspion for RM1.3bil to boost profits

28 Nov 2017 - The Star Online
SHAH ALAM: Top Glove Corp Bhd says the plan to buy surgical glove maker Aspion Sdn Bhd for at least RM1.3bil will boost the group’s profits by a fifth in the financial year ending Aug 31, 2018 (FY18) and accelerate the group’s expansion into the highly lucrative segment of the market. As it is, Aspion ...
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PublicInvest positive on Top Glove acquisition of Aspion

27 Nov 2017 - The Star Online
KUALA LUMPUR: PublicInvest Research is positive on Top Glove Corp Bhd 's plan to acquire Aspion Sdn Bhd from Adventa Capital Pte Ltd and upgrades the stock to Outperform with a higher target price of RM7.86. "Our re-rating is premised on Top Glove’s focus on enhancing its efficiencies which will aid ...
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Top Glove enters negotiations for Aspion purchase

24 Nov 2017 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd entered into a memorandum of understanding to negotiate the terms for the acquisition of Adventa 's unit Aspion Sdn Bhd. According to the term sheet, the purchase consideration will be based on a profit after tax (PAT) of RM80mil for Aspion in FY2018, a guarantee by Adventa ...
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