Top Glove earnings could be flattish quarter-on-quarter

Quarterly results: A worker conducts quality check on rubber gloves at Top Glove’s plant in Klang. Top Glove, which is the world’s largest glove maker, is set to release its results soon for the second quarter ended Feb 28, 2018.

PETALING JAYA: Maybank Investment Bank Research foresees Top Glove Corp Bhd’s upcoming second-quarter earnings to be flattish and within expectations.

It said organic volume growth ahead could be slower as China resumed production gradually and Malaysian players expanded capacity. “However, earnings growth could accelerate from the fourth quarter of financial year 2018 (FY18) with contribution from Aspion,” it said.