Rising demand to bolster Top Glove

Maybank IB Research expects Top Glove to turn around in FY25.

PETALING JAYA: A recent surge in demand for rubber gloves is expected to give Top Glove Corp Bhd stronger bargaining power in pricing should there be any increases in raw-material or natural-gas prices.

Maybank Investment Bank Research (Maybank IB Research) said the group’s core net loss of RM56mil for its first quarter of financial year 2024 (1Q24) versus RM131mil in 1Q23 and RM89mil in 4Q23 was in line with its expectation.