Short-term headwinds persist for Top Glove, say analysts

20 Jun 2017 - The Star Online
PETALING JAYA: Short-term headwinds still persist for Top Glove Corp Bhd, according to analysts who are not too upbeat about the company’s recent third quarter financial year 2017 (FY17) results that came in below market expectations. Risks for the company, going forward, include lower average selling ...
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Stock On the Move: Top Glove

19 Jun 2017 - The Star Online
KUALA LUMPUR: Shares in Top Glove Corp Bhd are heading to a third day of straight losses after analysts, including those at UOBKayHian and MIDF Research downgraded the stock on earnings worries. At 3.30pm, the stock was down 12 sen, or 2.1% at RM5.49 with more than four million shares changed hands. ...
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CIMB Research downgrades Top Glove to Hold but higher target price

19 Jun 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research has downgraded Top Glove Corporation Bhd to Hold as stock is fairly valued at RM5.61. It said on Monday following its earnings upgrade, its target price rises to RM5.75, still based on 19 times CY18F price-to-earnings (P/E) (one standard deviation above its five-year ...
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Top Glove third quarter earnings rise to RM77.7mil

17 Jun 2017 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd’s net profit jumped 24.4% to RM77.7mil in the third quarter ended May 31 from RM62.45mil a year ago. The glove manufacturer saw its revenue rose 29.3% to RM869.6mil year-on-year while pre-tax profit came in at RM91.5mil, a year-on-year improvement of 24.2% despite a challenging ...
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Top Glove's Q3 profit up 24.4% on better cost management

16 Jun 2017 - Business Times Breaking News
IMPROVEMENTS in its manufacturing process with the aim of managing costs gave a lift to the results of Top Glove in its third quarter.Net profit jumped 24.4 per cent to 77.7 million ringgit (S$25.1 million) from the previous year, the group said in a Singapore Exchange filing on Friday.For the three ...
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Top Glove 3Q net profit surges to RM77.7mil, pays 6 sen dividend

16 Jun 2017 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd’s net profit jumped 24.4% to RM77.7mil in the third quarter ended May 31 from RM62.45mil in the same quarter last year. The glove manufacturer saw its revenue rose 29.3% to RM869.6mil year-on-year while pre-tax profit came in at RM91.5mil, an improvement of 24.2% year-on-year ...
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Astro 'add', Top Glove 'hold', Bursa 'neutral'

16 Jun 2017 - The Star Online
ASTRO MALAYSIA HOLDINGS BHD By CIMB Research Add (No change) Target price: RM3.25 ASTRO Malaysia Holdings Bhd’s revenue fell 2.7% year-on-year (y-o-y) in the first quarter of financial year 2018 (Q1FY18) due to lower TV subscription revenue, decline in TV and radio adex, and decrease in licensing income ...
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Maybank IB expects softer 3QFY17 earnings for Top Glove

15 Jun 2017 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd’s upcoming 3QFY8/17 results could be softer quarter-on-quarter (QoQ), according to Maybank Investment Bank Research. The research house said this was due to weaker US dollar to ringgit, higher raw material prices and lower sales volume. However, Maybank said it was ...
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