Top Glove to save RM16m in interest a year from new bonds

4 Mar 2019 - The Star Online
KUALA LUMPUR: Top Glove Corporation Bhd , which issued US$200mil (about RM814.10mil) in exchangeable bonds, expects to save RM16mil in interest per year. The world's largest glove maker said on Monday the bonds were priced at 2% per annum coupon for a fixed five-year period. The 2% coupon was half the ...
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KLCI snaps four day rally as Top Glove and Maxis weigh

22 Feb 2019 - The Star Online
KUALA LUMPUR: Bursa Malaysia ended Friday on a weaker note as investors took some money off the table after four days of gains with Top Glove and Maxis dragging the FBM KLCI into the red. At 5pm, the KLCI was down 9.26 points or 0.54% to 1,721.42. Turnover declined to 2.67 billion shares valued at RM2.33bil. ...
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Weak start for Bursa as HLFG, Top Glove weigh

22 Feb 2019 - The Star Online
KUALA LUMPUR: Stocks fell in early Friday trade as investor sentiment turned cautious after the uninspiring corporate results while profit taking was seen in HLFG and Top Glove. At 9.06am, the KLCI was down 1.21 points or 0.07% to 1,729.47. Turnover was 152.45 million shares valued at RM76.82mil. There ...
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Rubber glove sector sees potential downside risk from China's environmental policy

11 Feb 2019 - The Star Online
KUALA LUMPUR: Share prices in the rubber gloves sector have corrected by 11.5% year to date despite being one of the best performing sectors in Malaysia for 2018. Affing Hwang Capital research maintained its overweight call on the sector although it noted potential downside risk depending on the outcome ...
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Top Glove still in expansion mode

21 Jan 2019 - The Star Online
PETALING JAYA: Amid the headwinds and recent selldown of rubber glove stocks, Top Glove Corp Bhd is unfazed and says it is well on track with its expansion strategy for 2019. The setback in its acquisition of surgical glove specialist Aspion Sdn Bhd according to executive chairman Tan Sri Lim Wee Chai ...
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Top Glove shares rise on Aspion turnaround hopes

9 Jan 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd ’s shares rose 2.6% in early trade Wednesday after the glovemaker expects Aspion Sdn Bhd, to complete their turnaround programme in one to two years. Top Glove gained 2.61%, or 13 sen to RM5.11 with 1.4 million shares traded.
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Top Glove mulls Turkey factory

31 Dec 2018 - The Star Online
ISTANBUL: Top Glove Corp Bhd , the world’s largest manufacturer of rubber gloves, is considering setting up a factory in Turkey which already is importing 70% of its demand for the product from the company. Founder Tan Sri Lim Wee Chai said he sounded out this possibility at a meeting with Turkish President ...
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Kenanga maintains underperform on Top Glove, TP unchanged at RM4.45

18 Dec 2018 - The Star Online
KUALA LUMPUR: The short-to-medium-term prospects for Aspion due to irregularities and the impending legal case could prove a temporary setback for Top Glove Corp Bhd with the profit guarantees at risk. Kenanga research said in its Tuesday report that is is feeling less optimistic about the glove maker ...
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Top Glove quarterly sales hit record RM1.26bil

17 Dec 2018 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd reported its best ever quarterly revenue, but earnings growth was muted due to the high cost of buying surgical glove Aspion Sdn Bhd and aggressive factory expansion. Net profit in the first quarter ended Nov 30 rose 4% to RM110mil, as sales soared to RM1.26bil. Total ...
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Top Glove: Measures in place to prevent excessive OT

12 Dec 2018 - The Star Online
PETALING JAYA: Glovemaker Top Glove Corp Bhd said measures have been put in place to prevent its workers from working “overtime” (OT) in excess of the allowed 104 hours a month. The group, in a filing with the stock exchange, said the measures had been implemented on a staggered basis across all its ...
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