Lower quarterly loss anticipated for Top Glove

RHB Research said the glove maker could deliver a core loss of RM40mil to RM45mil in 3Q24 from a core loss of RM66mil in 2Q24.

PETALING JAYA: Top Glove Corp Bhd is anticipated to reduce its losses in the third quarter of financial year 2024 (3Q24) on improving investor sentiment from favourable operating dynamics.

RHB Research pointed out that the glove maker could deliver a core loss of RM40mil to RM45mil in 3Q24 from a core loss of RM66mil in 2Q24, underpinned by a few factors.