Top Glove benefiting from returning demand

Kenanga Research said the company’s management is optimistic that average selling prices would rise by 5% to 15%.

PETALING JAYA: Top Glove Corp Bhd is confident of strong demand recovery for its financial year ending Aug 31, 2025 (FY25) as replenishment activity picks up among customers, with the key US market continue to chart growth.

Kenanga Research said, in a report, that the company’s sales volume continues to rise month-on-month, and the trend is expected to pick up in subsequent quarters, underpinned by inventory rebuilding by distributors, indicating that demand recovery had gained momentum.