Top Glove’s earnings may peak soon

The brokerage remained negative on Top Glove’s listing on the Hong Kong Exchange (HKEX).

PETALING JAYA: Although most brokerages are bullish on Top Glove Corp Bhd, Maybank Investment Bank (MaybankIB) appears less enthusiastic, downgrading its call on the company’s shares to “hold” from “buy” previously.

The brokerage has also lowered its target price for the world’s largest glovemaker to RM4.85 from RM8.65 previously.