AmInvest Research maintained its Buy call on Top Glove with an unchanged fair value of RM5.12 a share based on a price-to-earnings of 27 times on FY21F EPS.
KUALA LUMPUR: Shares of Top Glove Corporation surged to a high of RM4.83, which best since early July, as investors were upbeat on its outlook after its 1QFY8/20 net profit of RM111.4mil was within expectations.
At 9.46am, it was up 11 sen to RM4.77 with 3.90 million shares done.
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