CIMB Research expects stronger results for Top Glove in second half

29 Mar 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects Top Glove, the world’s biggest glove maker, to record stronger results in the second half of the current financial year ending Aug 31, 2019. It said on Friday this would mainly be on better margins for latex gloves as it expects higher average selling prices ...
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Technology and R&D key to keeping prices low

29 Mar 2019 - The Star Online
SHAH ALAM: Top Glove Corp Bhd will be adjusting its average selling price in the next two months as it accounts for the increase in raw material prices. However, in the long run, the solution to maintaining low average selling prices amid the increasing cost is to ramp up on technology and research and ...
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Top Glove eyes double-digit sales, profit growth from China

28 Mar 2019 - The Star Online
SHAH ALAM: The world's largest glove producer Top Glove Corp Bhd is aiming for a double-digit increase in sales revenue and profit from China in the financial year ending Aug 31, 2019. Executive director Tan Sri Dr Lim Wee Chai said demand for nitrile and rubber gloves in China had been good due to ...
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BIMB upgrades Top Glove to Hold, TP at RM4.20

25 Mar 2019 - The Star Online
KUALA LUMPUR: BIMB research has reduced its earnings forecast for Top Glove COrp Bhd for FY19/20 to account for lower average selling price (ASP) and a slight delay in its expansion plans of Factory 32 as well as higher-than-expected operating cost. BIMB noted that Top Glove is expected to ramp up its ...
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Top Glove Q2 net profit slips 2.95% to RM105.79m

22 Mar 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd 's net profit fell 2.95% year-on-year to RM105.79mil in the second quarter ended Feb 28, 2019, due to a challenging environment and shorter work months over the period. This came despite revenue jumping 21.03% to RM1.16bil from RM958.44mil a year ago on 16% sales volume ...
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Top Glove expects latex prices to rise this year

21 Mar 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd executive chairman Tan Sri Lim Wee Chai is bracing for higher latex prices this year. “Last year, latex prices were low. So, I think it will go up this year. We hope that raw material prices will stay at manageable levels – not too high nor too low. (If it is) too low, ...
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Top Glove sets aside RM100m for land acquisition

20 Mar 2019 - The Star Online
KUALA LUMPUR: The world's largest rubber glove manufacturer, Top Glove Corporation Bhd has set aside about RM100 million for land acquisition in the country, said managing director Datuk Lim Kim Meow. The land acquired according to him, would be used for the setting up of factories and expanding the ...
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Top Glove expects latex prices to rise this year

20 Mar 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd ’s executive chairman Tan Sri Lim Wee Chai is bracing for higher latex prices this year. “Last year, latex prices were low. So I think it will go up this year. We hope that raw material prices will stay at manageable levels: not too high nor too low. Too low and it won’t ...
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Affin Hwang Research retains Overweight on rubber gloves

7 Mar 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research continues to maintain its Overweight call on the rubber glove sector after the recent release of sector results which were largely in line with its expectations. The research house said on Thursday although overall production costs have increased by 1.3%-1.6% ...
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RHB Research retains Buy for Top Glove, TP RM5.80

5 Mar 2019 - The Star Online
KUALA LUMPUR: RHB Research Institute is retaining its Buy for Top Glove Corporation with a new discounted cashflow-derived target price of RM5.80 with earnings estimates maintained. It said on Tuesday it had increased its Beta assumption in its discounted cashflow valuation to reflect short-term share ...
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