Top Glove buys its packaging material supplier for RM46.25mil

3 Nov 2017 - The Star Online
SHAH ALAM: Top Glove Corp Bhd is buying Eastern Press Sdn Bhd, a major supplier of packaging materials for the group’s operations in Malaysia, for RM46.25mil in cash. “The transaction is expected to enable Top Glove to improve its supply chain coordination, allowing for flexible planning and better lead ...
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Top Glove founder Lim Wee Chai joins Tropicana

24 Oct 2017 - The Star Online
KUALA LUMPUR: Tropicana Corp Bhd has appointed Tan Sri Dr Lim Wee Chai, who is Top Glove Corp Bhd executive chairman, as its non-executive deputy chairman. Lim’s appointment was effective Tuesday, the property developer said in a statement. Prior to joining Tropicana, Lim, 59, has snapped up an additional ...
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Top Glove in talks to buy glove maker, but no final terms yet

24 Oct 2017 - Business Times Breaking News
MALAYSIAN-BASED rubber glove maker Top Glove is in talks to acquire a glove manufacturer, the company said in a mid-day announcement on Tuesday.Addressing media reports, Top Glove said, however, that it is not acquiring or buying either Adventa Bhd or Supermax Corp Bhd, two companies that had been the ...
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Broker's take: AmInvestment Bank raises target price, maintains 'hold' on Top Glove on lower tax outlook

19 Oct 2017 - Business Times Breaking News
AMINVESTMENT Bank has maintained a "hold" on Top Glove and raised its target price to RM6.36 from RM6.22 amid a lowered effective tax rate to 15 per cent from 18 per cent and strong global glove demand.The current share price has already priced in Top Glove's fundamentals, says AmInvestment Bank.Revenue ...
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Top Glove to ride the wave of strong demand

19 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects Top Glove will be a prime beneficiary of the strong growth in demand for gloves, thanks to its plans to boost its capacity by 15% by December 2018. “This, coupled with stable raw material costs, bodes well for its FY18F earnings. Downside risks are weaker ...
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Top Glove plans RM1bil acquisition

17 Oct 2017 - The Star Online
SHAH ALAM: Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai. “It is something good and we are 99% sure it’s in hand. We’ll announce it within the month,” he said at a press and analyst briefing at the company’s headquarters ...
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Glove makers advance at midday, bucks broader market

16 Oct 2017 - The Star Online
KUALA LUMPUR: Buying of glove makers continued to pick up momentum on Monday, with Top Glove, Hartalega and Kossan among the top gainers. At 11.42am, the FBM KLCI was down 3.26 points or 0.19% to 1,752.06. Turnover was 1.40 billion shares valued at RM713mil. There were 323 gainers, 386 losers and 370 ...
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CIMB Research upgrades Top Glove target price, stronger earnings ahead

16 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research has upgraded Top Glove Corporation Bhd from Hold to Add and raised the target price from RM5.75 to RM6.90 as it expects stronger earnings for 2018. The research house said on Monday it had raised the earnings per share (EPS) forecasts based on 19 times CY19 EPS, as ...
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Second wind for glove makers

16 Oct 2017 - The Star Online
Bellweather Top Glove earnings surge fires up sector’s outlook PETALING JAYA: Rubber glove makers are winning back some love from the market, thanks to China. The strong performance by Top Glove Corp Bhd underlines optimism surrounding glove manufacturers. CIMB Research in a note upgraded its call on ...
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Top Glove Q4 profit surges 51%; plans to buy Eastern Press for RM47m

13 Oct 2017 - Business Times Breaking News
MALAYSIAN company Top Glove has posted a 51 per cent rise in net profit to RM98.6 million (S$31.6 million) for the fourth quarter ended Aug 31, 2017, from RM65.3 million in the year-ago period. Revenue for the quarter rose 25 per cent to RM902.4 million from RM722.1 million.
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