Falling ASP continues to weigh on Top Glove's outlook


KUALA LUMPUR: While the US Customs and Border Protection's (CBPS) withdrawal of the import ban on Top Glove Corp Bhd is expected to ease downside pressure on the glove maker, its earnings prospects remain on a slide amid ongoing headwinds.

On Friday, the group announced in a filing with Bursa Malaysia that the CBP had allowed the resumption of its exports to the US following an import ban on the glove maker on findings of labour rights abuses in July last year.

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TA Securities , Top Glove , gloves , CBP , ban

   

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